Principal Financial Group Inc. Increases Position in JFrog Ltd. $FROG

Principal Financial Group Inc. lifted its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 4.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,117,274 shares of the company’s stock after acquiring an additional 51,426 shares during the quarter. Principal Financial Group Inc.’s holdings in JFrog were worth $52,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Millstone Evans Group LLC increased its position in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after purchasing an additional 427 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in shares of JFrog by 19.1% in the 1st quarter. Granite Investment Partners LLC now owns 89,397 shares of the company’s stock worth $4,195,000 after buying an additional 14,368 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in JFrog by 48.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,592,386 shares of the company’s stock valued at $74,731,000 after buying an additional 517,291 shares during the period. Swedbank AB purchased a new stake in JFrog during the first quarter worth about $78,872,000. Finally, Stephens Inc. AR purchased a new stake in JFrog during the first quarter worth about $379,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of JFrog from $75.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. raised their price target on shares of JFrog from $68.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 price target on shares of JFrog in a report on Friday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating on shares of JFrog in a research note on Monday, June 15th. Finally, KeyCorp increased their price objective on JFrog from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Twenty-one analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.86.

JFrog Stock Up 2.3%

Shares of NASDAQ:FROG opened at $88.54 on Friday. The firm has a market capitalization of $10.72 billion, a PE ratio of -167.06 and a beta of 1.20. The company has a 50-day moving average price of $81.70 and a two-hundred day moving average price of $60.81. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $99.22.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $153.98 million for the quarter, compared to analyst estimates of $147.45 million. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Analysts anticipate that JFrog Ltd. will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 93,072 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $84.60, for a total value of $7,873,891.20. Following the completion of the transaction, the chief executive officer owned 4,658,236 shares in the company, valued at $394,086,765.60. This trade represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 150,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $89.99, for a total value of $13,498,500.00. Following the sale, the chief technology officer owned 5,539,038 shares in the company, valued at approximately $498,458,029.62. This represents a 2.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 917,399 shares of company stock valued at $73,629,102 over the last three months. Company insiders own 11.80% of the company’s stock.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.