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 earnings per share 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.

Analysts Set New Price Targets

FROG has been the topic of several research analyst reports. Raymond James Financial reissued an “outperform” rating on shares of JFrog in a report on Wednesday, July 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of JFrog in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on JFrog from $76.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Guggenheim lifted 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. Finally, UBS Group lifted their price target on JFrog from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Twenty-one analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.19.

JFrog Trading Down 1.8%

NASDAQ FROG traded down $1.48 during trading on Thursday, reaching $83.04. The company’s stock had a trading volume of 3,106,610 shares, compared to its average volume of 2,130,100. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of -156.68 and a beta of 1.22. JFrog has a 12 month low of $34.05 and a 12 month 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.

JFrog (NASDAQ:FROG) last announced its 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. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. 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 prior year, the business posted $0.18 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. 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, equities analysts forecast that JFrog will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 45,000 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $87.23, for a total transaction of $3,925,350.00. Following the completion of the sale, the chief technology officer directly owned 5,493,338 shares in the company, valued at approximately $479,183,873.74. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry Zwarenstein sold 1,250 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $80.10, for a total value of $100,125.00. Following the sale, the director directly owned 31,687 shares in the company, valued at approximately $2,538,128.70. This trade represents a 3.80% decrease in their ownership of the stock. 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 have sold a total of 938,649 shares of company stock valued at $76,347,827 over the last ninety days. 11.80% of the stock is owned by corporate insiders.

JFrog News Roundup

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.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whale Rock Capital Management LLC raised its position in JFrog by 82.2% during the fourth quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after purchasing an additional 2,389,415 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of JFrog by 6.0% in the 3rd 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 during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of JFrog by 30.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock valued at $167,590,000 after purchasing an additional 633,231 shares during the last quarter. Invesco Ltd. raised its holdings in shares of JFrog by 6,868.3% during the 4th quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock worth $131,420,000 after buying an additional 2,073,876 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of JFrog by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 1,607,498 shares of the company’s stock worth $76,083,000 after buying an additional 170,146 shares in the last quarter. 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.