Principal Financial Group Inc. Increases Stake in JFrog Ltd. (NASDAQ:FROG)

Principal Financial Group Inc. boosted its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,470,498 shares of the company's stock after buying an additional 32,557 shares during the period. Principal Financial Group Inc. owned approximately 1.44% of JFrog worth $43,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FROG. North Peak Capital Management LLC purchased a new position in JFrog in the 3rd quarter valued at approximately $73,417,000. TimesSquare Capital Management LLC grew its stake in JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after buying an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in JFrog in the 3rd quarter valued at approximately $32,401,000. Thrivent Financial for Lutherans grew its stake in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock valued at $68,969,000 after buying an additional 593,478 shares in the last quarter. Finally, Scopia Capital Management LP purchased a new position in JFrog in the 3rd quarter valued at approximately $12,920,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 20,443 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $625,555.80. Following the transaction, the chief executive officer now owns 4,937,011 shares in the company, valued at approximately $151,072,536.60. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yossi Sela sold 25,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the transaction, the director now owns 355,129 shares in the company, valued at $11,314,409.94. The trade was a 6.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 437,580 shares of company stock valued at $14,803,200 over the last three months. Insiders own 15.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FROG. Stifel Nicolaus lifted their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Robert W. Baird boosted their price target on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 price target on shares of JFrog in a research report on Wednesday, February 12th. Needham & Company LLC boosted their price target on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Truist Financial boosted their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, JFrog presently has a consensus rating of "Moderate Buy" and an average target price of $42.17.

JFrog Price Performance

JFrog stock traded down $0.67 during mid-day trading on Friday, hitting $38.53. The company's stock had a trading volume of 2,015,751 shares, compared to its average volume of 1,364,582. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -61.16 and a beta of 0.97. The business has a 50 day moving average price of $33.73 and a 200-day moving average price of $30.83. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $46.65.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, equities research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

JFrog Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.