Bank of America Forecasts Strong Price Appreciation for JFrog (NASDAQ:FROG) Stock

JFrog (NASDAQ:FROG) had its target price lifted by investment analysts at Bank of America from $85.00 to $100.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 14.66% from the company’s previous close.

FROG has been the topic of several other reports. TD Cowen cut their price objective on shares of JFrog from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Needham & Company LLC lifted their price objective on shares of JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised their target price on shares of JFrog from $68.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of JFrog in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.80.

JFrog Stock Up 3.8%

FROG stock traded up $3.21 during trading on Monday, hitting $87.21. 1,241,779 shares of the company’s stock traded hands, compared to its average volume of 3,049,923. The firm has a market capitalization of $10.56 billion, a P/E ratio of -164.00 and a beta of 1.23. The business has a fifty day simple moving average of $58.41 and a two-hundred day simple moving average of $56.05. JFrog has a 1 year low of $34.05 and a 1 year high of $89.16.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data 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%. JFrog’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company 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. On average, equities research analysts predict that JFrog will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.84, for a total value of $10,300,800.00. Following the completion of the sale, the director directly owned 3,224,328 shares in the company, valued at $276,776,315.52. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 100,000 shares of JFrog stock in a transaction on Monday, June 1st. The stock was sold at an average price of $81.47, for a total transaction of $8,147,000.00. Following the sale, the chief technology officer owned 5,734,038 shares of the company’s stock, valued at $467,152,075.86. The trade was a 1.71% 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 689,363 shares of company stock valued at $48,658,874 over the last quarter. Insiders own 11.80% of the company’s stock.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC lifted its stake in shares of JFrog by 242.6% during the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after buying an additional 427 shares during the period. Blue Trust Inc. acquired a new stake in shares of JFrog during the fourth quarter worth $30,000. Western Wealth Management LLC acquired a new stake in shares of JFrog during the first quarter worth $30,000. Bessemer Group Inc. acquired a new stake in shares of JFrog during the first quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after buying an additional 478 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

About JFrog

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.