JFrog (NASDAQ:FROG) Releases Q3 2026 Earnings Guidance

JFrog (NASDAQ:FROG) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.220-0.240 for the period, compared to the consensus earnings per share estimate of 0.160. The company issued revenue guidance of $164.0 million-$166.0 million, compared to the consensus revenue estimate of $158.9 million. JFrog also updated its FY 2026 guidance to 0.960-1.000 EPS.

JFrog Stock Performance

JFrog stock traded up $6.48 during trading on Friday, hitting $89.52. The company’s stock had a trading volume of 4,369,537 shares, compared to its average volume of 2,188,246. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of -241.94 and a beta of 1.22. The stock’s fifty day moving average is $85.16 and its 200 day moving average is $63.11. JFrog has a 1-year low of $34.05 and a 1-year high of $99.22.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $163.77 million for the quarter, compared to analyst estimates of $155.63 million. JFrog had a negative return on equity of 2.76% and a negative net margin of 7.35%.The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. 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, research analysts anticipate that JFrog will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Oppenheimer lifted their price target on shares of JFrog from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler boosted their price objective on shares of JFrog from $65.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. Stifel Nicolaus upped their price objective on JFrog from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Citigroup reaffirmed a “buy” rating on shares of JFrog in a research report on Monday, June 8th. Twenty-one 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.81.

Insider Activity at JFrog

In other news, CEO Ben Haim Shlomi sold 93,072 shares of the stock in a transaction on 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 sale, the chief executive officer owned 4,658,236 shares of the company’s stock, valued at $394,086,765.60. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 150,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $89.99, for a total transaction of $13,498,500.00. Following the completion of the transaction, the chief technology officer directly owned 5,539,038 shares in the company, valued at approximately $498,458,029.62. This represents a 2.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 938,649 shares of company stock worth $76,347,827. Company insiders own 11.80% of the company’s stock.

Key JFrog News

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q2 results beat expectations. JFrog reported adjusted earnings of $0.27 per share versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.8 million, above both analyst expectations and the company’s prior guidance. JFrog Q2 Earnings Beat Estimates on Cloud and Security Growth
• Positive Sentiment: Cloud and security momentum strengthened. Cloud revenue jumped 53% to approximately $87.5 million, representing 53% of total revenue. JFrog also reported 97 customers with more than $1 million in annual recurring revenue and 121% net dollar retention, supporting the company’s expansion and recurring-revenue outlook. JFrog stock jumps as Q2 results top guidance and full-year outlook moves higher
• Positive Sentiment: JFrog raised its outlook. Fiscal 2026 revenue guidance increased to $648 million-$652 million from $628 million-$632 million, while adjusted EPS guidance rose to $0.96-$1.00. Third-quarter guidance of $164 million-$166 million in revenue and $0.22-$0.24 in EPS also exceeds consensus estimates. JFrog forecasts 2026 revenue amid cloud growth outlook
• Positive Sentiment: Analysts raised targets following the report. Benchmark raised its target to $120 and JPMorgan, Oppenheimer, and BTIG lifted theirs to $115. Truist increased its target to $110, while Piper Sandler raised its target to $90 but retained a neutral rating. Analyst price-target updates
• Neutral Sentiment: Software stocks broadly moved higher as solid earnings reduced concerns about artificial-intelligence disruption, providing a favorable sector backdrop for FROG. Stocks that explain today’s market
• Negative Sentiment: Recent insider-trading data shows company insiders recorded numerous open-market sales and no purchases over the past six months. This may temper enthusiasm, although the selling can also reflect scheduled transactions or equity compensation.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of FROG. Whale Rock Capital Management LLC boosted its stake in JFrog by 82.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after acquiring an additional 2,389,415 shares during the last quarter. Invesco Ltd. increased its position in shares of JFrog by 6,868.3% in the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock worth $131,420,000 after purchasing an additional 2,073,876 shares during the last quarter. Morgan Stanley raised its stake in shares of JFrog by 550.2% in the 4th quarter. Morgan Stanley now owns 1,562,151 shares of the company’s stock valued at $97,572,000 after purchasing an additional 1,321,899 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of JFrog by 1,669.6% in the 3rd quarter. Lazard Asset Management LLC now owns 1,185,416 shares of the company’s stock valued at $56,106,000 after purchasing an additional 1,118,427 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of JFrog by 234.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,103,090 shares of the company’s stock worth $68,899,000 after purchasing an additional 773,597 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.