Bank of America Corp DE Increases Stake in JFrog Ltd. $FROG

Key Points

• Bank of America increased its JFrog stake by 48.2% in the first quarter, adding 819,326 shares to own 2.52 million shares valued at approximately $118.2 million. Institutional investors and hedge funds collectively own 85.02% of the stock.
• JFrog reported a strong quarter, with adjusted EPS of $0.27 beating estimates and revenue rising 28.7% year over year to $163.8 million. The company also raised its fiscal 2026 revenue and EPS guidance, supported by 53% cloud-revenue growth.
• Analyst sentiment remains favorable, with 21 Buy ratings and a consensus “Moderate Buy” rating and $91.19 price target. However, insiders have sold 938,649 shares worth approximately $76.3 million over the past three months, with no reported insider purchases.

Bank of America Corp DE raised its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 48.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,517,899 shares of the company's stock after buying an additional 819,326 shares during the period. Bank of America Corp DE owned approximately 2.08% of JFrog worth $118,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Atreides Management LP boosted its position in JFrog by 37.3% during the first quarter. Atreides Management LP now owns 554,987 shares of the company's stock worth $26,046,000 after purchasing an additional 150,711 shares in the last quarter. Amundi raised its stake in shares of JFrog by 27.0% during the 1st quarter. Amundi now owns 836,389 shares of the company's stock worth $39,252,000 after buying an additional 177,973 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of JFrog by 26.2% in the 1st quarter. California State Teachers Retirement System now owns 110,992 shares of the company's stock worth $5,209,000 after buying an additional 23,032 shares in the last quarter. American Capital Management Inc. boosted its position in shares of JFrog by 18.6% in the 1st quarter. American Capital Management Inc. now owns 12,979 shares of the company's stock worth $609,000 after buying an additional 2,034 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC acquired a new stake in JFrog in the 1st quarter valued at about $233,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Performance

FROG opened at $83.04 on Friday. JFrog Ltd. has a 1 year low of $34.05 and a 1 year high of $99.22. The firm has a 50 day moving average price of $84.96 and a 200 day moving average price of $62.93. The company has a market cap of $10.06 billion, a PE ratio of -156.68 and a beta of 1.22.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. During the same period in the previous year, the firm earned $0.18 earnings per share. JFrog's revenue for the quarter was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, sell-side analysts predict that JFrog Ltd. will post -0.15 earnings per share for the current year.

Insider Activity

In related news, Director Frederic Simon sold 120,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.84, for a total value of $10,300,800.00. Following the completion of the transaction, the director owned 3,224,328 shares of the company's stock, valued at approximately $276,776,315.52. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ben Haim Shlomi sold 93,072 shares of the stock in a transaction dated Monday, June 8th. The shares were 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 directly owned 4,658,236 shares of the company's stock, valued at $394,086,765.60. This represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 938,649 shares of company stock worth $76,347,827. 11.80% of the stock is currently owned by company insiders.

JFrog News Summary

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q2 results surpassed estimates: JFrog reported adjusted EPS of $0.27 versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.8 million, ahead of both analyst expectations and management’s prior $154 million–$156 million forecast. JFrog quarterly earnings report
• Positive Sentiment: Cloud growth remained a key catalyst: Cloud revenue climbed 53% year over year to $87.5 million and represented 53% of total revenue. JFrog also reported 97 customers with more than $1 million in annual recurring revenue and 121% net dollar retention, signaling strong expansion among existing customers.
• Positive Sentiment: Higher guidance reinforced the bullish reaction: JFrog raised fiscal 2026 revenue guidance to $648 million–$652 million from $628 million–$632 million and adjusted EPS guidance to $0.96–$1.00 from $0.93–$0.97. Third-quarter guidance of $164 million–$166 million in revenue and $0.22–$0.24 in EPS also exceeded consensus estimates. JFrog Q2 results and outlook
• Neutral Sentiment: Analyst sentiment remains favorable, with recent Buy ratings and price targets generally ranging from $85 to $110, although the median target of $85 provides less upside than the most optimistic forecasts.
• Negative Sentiment: Insider trading data shows 77 open-market sales and no purchases by insiders during the past six months. These sales may reflect compensation or diversification, but the absence of insider buying is a potential cautionary signal.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on JFrog from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Benchmark reissued a "buy" rating on shares of JFrog in a research report on Wednesday, July 29th. Guggenheim boosted their price target on JFrog from $80.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Oppenheimer restated an "outperform" rating and issued a $105.00 price objective on shares of JFrog in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus increased their price objective on JFrog from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and an average target price of $91.19.

JFrog 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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