California State Teachers Retirement System Acquires 10,728,811 Shares of JFrog Ltd. $FROG

Key Points

• California State Teachers Retirement System dramatically increased its JFrog stake by purchasing 10.7 million shares, bringing its ownership to approximately 8.79% worth $985.1 million. Institutional investors collectively own 85.02% of the company.
• JFrog reported stronger-than-expected quarterly results, with revenue rising 28.7% year over year to $163.77 million and EPS of $0.27 versus the $0.24 consensus estimate. The company issued full-year 2026 EPS guidance of $0.96–$1.00.
• Analysts remain broadly bullish, with 21 Buy ratings and an average price target of $109.48 versus the stock’s recent price near $87.18. However, insiders sold more than 1 million shares worth $93.9 million over the past 90 days, while the company remains unprofitable on a trailing basis.

California State Teachers Retirement System boosted its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 9,666.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,839,803 shares of the company's stock after buying an additional 10,728,811 shares during the period. California State Teachers Retirement System owned approximately 8.79% of JFrog worth $985,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Whale Rock Capital Management LLC boosted its position in shares of JFrog by 82.2% in the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company's stock worth $330,901,000 after purchasing an additional 2,389,415 shares during the last quarter. Wasatch Advisors LP lifted its stake in JFrog by 187.4% in the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company's stock valued at $195,043,000 after buying an additional 2,710,167 shares during the period. First Trust Advisors LP boosted its holdings in JFrog by 85,066.4% during the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company's stock worth $157,796,000 after buying an additional 3,358,422 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in JFrog by 30.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company's stock worth $167,590,000 after buying an additional 633,231 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of JFrog by 48.2% during the 1st quarter. Bank of America Corp DE now owns 2,517,899 shares of the company's stock worth $118,165,000 after buying an additional 819,326 shares during the period. 85.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 120,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $90.86, for a total value of $10,903,200.00. Following the sale, the director directly owned 2,984,328 shares in the company, valued at $271,156,042.08. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 65,999 shares of the company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $90.03, for a total value of $5,941,889.97. Following the transaction, the chief executive officer directly owned 4,592,237 shares of the company's stock, valued at $413,439,097.11. This represents a 1.42% 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. In the last 90 days, insiders sold 1,010,902 shares of company stock worth $93,883,131. Corporate insiders own 11.80% of the company's stock.

JFrog Stock Performance

NASDAQ FROG opened at $87.18 on Friday. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of -235.62 and a beta of 1.28. The business has a 50 day simple moving average of $88.82 and a 200 day simple moving average of $69.84. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $105.76.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The firm had revenue of $163.77 million for the quarter, compared to analyst estimates of $155.63 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The business's revenue 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, analysts predict that JFrog Ltd. will post -0.11 EPS for the current year.

Key Headlines Impacting JFrog

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Strong feedback from JFrog’s customer conference led one analysis to identify FROG as a top software-sector pick, suggesting continued confidence in demand for its software supply-chain platform and AI-related growth opportunities. JFrog Stock Emerges as Top Software Pick Following Strong Customer Conference Feedback
• Positive Sentiment: JFrog unveiled “zero-touch remediation,” a capability intended to automatically detect and resolve software-supply-chain vulnerabilities. The offering could strengthen the company’s security and AI positioning and support enterprise demand. JFrog Unveils Zero-Touch Remediation
• Positive Sentiment: JFrog’s latest quarterly results showed 28.7% year-over-year revenue growth and EPS above consensus, while analysts remain broadly positive. The stock’s consensus rating is “Moderate Buy,” with price targets generally above recent trading levels.
• Neutral Sentiment: A JPMorgan Chase case study highlighted the use of JFrog technology to scale secure software delivery, providing enterprise validation for the platform, although it did not represent a new contract or financial forecast. How JPMorgan Chase Scaled Secure Software Delivery
• Negative Sentiment: A report said attackers chained vulnerabilities in JFrog Artifactory to obtain administrative control and plant backdoors. The allegations raise potential concerns about customer security, remediation costs and trust in JFrog’s software-supply-chain products. Attackers Chain JFrog Artifactory Flaws
• Negative Sentiment: JFrog’s CEO, CRO and CTO recently sold shares totaling roughly $9.6 million. The transactions were executed under pre-arranged Rule 10b5-1 plans, limiting their significance, but repeated insider selling can still weigh on investor sentiment. JFrog CRO Stock Sale
• Negative Sentiment: A valuation-focused analysis downgraded JFrog, arguing that the company’s elevated valuation and negative trailing profitability leave the stock vulnerable if bond yields rise. JFrog Valuation at Risk as Yields Rise

Analysts Set New Price Targets

FROG has been the subject of a number of recent analyst reports. KeyCorp upped their price target on JFrog from $89.00 to $114.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. DA Davidson reissued a "buy" rating and set a $115.00 price objective on shares of JFrog in a research note on Friday, September 4th. TD Cowen restated a "buy" rating and set a $120.00 price objective on shares of JFrog in a report on Thursday, September 3rd. Stifel Nicolaus set a $102.00 target price on shares of JFrog in a research note on Friday, September 4th. Finally, Benchmark increased their target price on shares of JFrog from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Twenty-one 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $109.48.

JFrog Profile

JFrog Ltd. NASDAQ: FROG develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.

The company's product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.

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