Principal Financial Group Inc. Sells 192,505 Shares of JFrog Ltd. $FROG

Key Points

• Principal Financial Group sold 192,505 JFrog shares (a 15.3% reduction), leaving it with 1,065,848 shares—about 0.90% of the company—worth roughly $66.6 million per its SEC filing.
• JFrog posted strong Q1 results (non‑GAAP EPS $0.27, revenue $154.0M, +25.8% YoY), raised Q2 and FY2026 guidance (FY2026 EPS 0.88–0.92) and saw ~50% YoY cloud revenue growth to $78.9M, highlighting recurring revenue momentum.
• Institutional ownership is high (~85%) even as insiders have sold recently (295,003 shares in 90 days); analysts collectively rate the stock a Moderate Buy with a consensus price target near $67.63 (targets range roughly $60–$80).

Principal Financial Group Inc. cut its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,065,848 shares of the company's stock after selling 192,505 shares during the quarter. Principal Financial Group Inc. owned approximately 0.90% of JFrog worth $66,573,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of JFrog by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company's stock worth $593,734,000 after acquiring an additional 362,654 shares during the period. Wasatch Advisors LP grew its position in shares of JFrog by 6.0% during the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company's stock worth $128,306,000 after purchasing an additional 153,283 shares in the last quarter. Bank of America Corp DE raised its stake in JFrog by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 1,607,498 shares of the company's stock valued at $76,083,000 after purchasing an additional 170,146 shares during the period. Assenagon Asset Management S.A. lifted its holdings in JFrog by 378.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,543,011 shares of the company's stock worth $96,376,000 after purchasing an additional 1,220,768 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in JFrog by 32.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,935 shares of the company's stock valued at $84,067,000 after buying an additional 331,457 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James Financial reissued an "outperform" rating and issued a $70.00 target price on shares of JFrog in a report on Thursday, February 26th. Morgan Stanley set a $70.00 price target on shares of JFrog in a report on Monday, February 23rd. Wall Street Zen cut shares of JFrog from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of JFrog in a report on Wednesday, April 22nd. Finally, BTIG Research cut their price objective on JFrog from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.63.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 21,097 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $41.28, for a total transaction of $870,884.16. Following the transaction, the executive owned 752,598 shares of the company's stock, valued at approximately $31,067,245.44. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 25,000 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $50.35, for a total value of $1,258,750.00. Following the completion of the sale, the director owned 3,458,286 shares of the company's stock, valued at approximately $174,124,700.10. This represents a 0.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 295,003 shares of company stock valued at $12,888,031 over the last ninety days. 11.80% of the stock is currently owned by company insiders.

More JFrog News

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q1 results beat expectations: non‑GAAP EPS $0.27 vs. $0.22 est., revenue $154.0M (+25.8% YoY) above consensus — the core beat triggered the initial lift. Read More.
• Positive Sentiment: Raised guidance: Q2 EPS and revenue ranges were raised above Street expectations and FY2026 EPS guidance was hiked materially, supporting a re‑rating of growth and margin prospects. Read More.
• Positive Sentiment: Cloud & operational momentum: cloud revenue grew ~50% YoY to $78.9M (51% of revenue), net dollar retention ~120%, customers with >$1M ARR rose to 80 — signs of durable, higher‑margin recurring revenue. Management cites AI-driven demand. Read More.
• Neutral Sentiment: Analyst coverage & positioning: recent price targets cluster around a $65 median, with some firms notably bullish — this supports upside but isn’t unanimous. Read More.
• Negative Sentiment: Insider selling and legacy profitability: multiple insiders have sold shares recently (no purchases reported), and GAAP net margin and return on equity remain negative despite non‑GAAP margin improvement — possible concern for some investors. Read More.

JFrog Stock Performance

FROG stock opened at $57.02 on Friday. The firm has a fifty day moving average price of $44.84 and a 200 day moving average price of $52.80. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $70.43. The firm has a market cap of $6.91 billion, a PE ratio of -91.97 and a beta of 1.02.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. The business had revenue of $145.31 million during the quarter, compared to analyst estimates of $138.09 million. During the same quarter last year, the business earned $0.19 earnings per share. JFrog's quarterly revenue was up 25.2% compared to the same quarter last year. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. On average, equities analysts predict that JFrog Ltd. will post -0.21 EPS for the current year.

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.

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