Bank of New York Mellon Corp Has $76.82 Million Stock Holdings in JFrog Ltd. $FROG

Bank of New York Mellon Corp trimmed its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 25.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,229,911 shares of the company’s stock after selling 429,084 shares during the period. Bank of New York Mellon Corp’s holdings in JFrog were worth $76,820,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in JFrog by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock valued at $593,734,000 after purchasing an additional 362,654 shares in the last quarter. Wasatch Advisors LP boosted its holdings in JFrog by 6.0% during the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock valued at $128,306,000 after purchasing an additional 153,283 shares in the last quarter. Bank of America Corp DE boosted its holdings in JFrog by 11.8% during the third 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in JFrog by 378.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,543,011 shares of the company’s stock valued at $96,376,000 after purchasing an additional 1,220,768 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in JFrog by 32.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,935 shares of the company’s stock valued at $84,067,000 after purchasing an additional 331,457 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Needham & Company LLC lifted their target price on shares of JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of JFrog in a research note on Monday. Bank of America lifted their target price on shares of JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Cowen cut their target price on shares of JFrog from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $77.80.

JFrog Price Performance

FROG stock opened at $81.26 on Wednesday. The company has a 50 day moving average price of $59.95 and a 200 day moving average price of $56.39. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $89.16. The stock has a market capitalization of $9.84 billion, a PE ratio of -153.32 and a beta of 1.23.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $153.98 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. As a group, equities analysts expect that JFrog Ltd. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Frederic Simon sold 120,000 shares of the business’s stock in a transaction 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 transaction, the director owned 3,224,328 shares of the company’s stock, valued at $276,776,315.52. The trade was a 3.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 100,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $81.47, for a total transaction of $8,147,000.00. Following the completion of the transaction, the chief technology officer directly owned 5,734,038 shares of the company’s stock, valued at $467,152,075.86. This trade represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 711,378 shares of company stock valued at $50,507,034 in the last quarter. Company insiders own 11.80% of the company’s stock.

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.