Principal Financial Group Inc. Has $41.76 Million Holdings in JFrog Ltd. (NASDAQ:FROG)

Principal Financial Group Inc. raised its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 55.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437,941 shares of the company's stock after acquiring an additional 514,895 shares during the period. Principal Financial Group Inc. owned 1.41% of JFrog worth $41,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the third quarter valued at approximately $29,000. West Tower Group LLC acquired a new position in JFrog in the 3rd quarter valued at $116,000. Sanctuary Advisors LLC purchased a new position in JFrog during the 2nd quarter worth $188,000. US Bancorp DE lifted its stake in shares of JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after acquiring an additional 798 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of JFrog in the second quarter valued at about $210,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00. Following the completion of the sale, the chief technology officer now owns 6,612,242 shares in the company, valued at $203,987,665.70. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $25,520.40. Following the sale, the chief financial officer now owns 97,260 shares in the company, valued at $2,976,156. The trade was a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 256,921 shares of company stock valued at $7,927,309 over the last quarter. Company insiders own 15.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FROG shares. Cantor Fitzgerald reissued an "overweight" rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. UBS Group raised their target price on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. Robert W. Baird upped their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Scotiabank raised their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Finally, KeyCorp upped their target price on shares of JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.72.

JFrog Price Performance

NASDAQ FROG traded up $0.32 during mid-day trading on Tuesday, hitting $30.49. The company's stock had a trading volume of 269,594 shares, compared to its average volume of 1,231,023. The firm has a market capitalization of $3.11 billion, a P/E ratio of -57.53 and a beta of 0.94. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81. The stock's fifty day simple moving average is $30.72 and its two-hundred day simple moving average is $31.28.

JFrog Company 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.