JFrog (NASDAQ:FROG) Releases Q3 2026 Earnings Guidance

Key Points

• JFrog raised its outlook for Q3 2026, guiding for EPS of $0.22–$0.24 and revenue of $164.0–$166.0 million, both above analyst consensus. Full-year 2026 EPS guidance was set at $0.96–$1.00.
• The company’s latest quarter exceeded expectations, with EPS of $0.27 versus the $0.24 consensus and revenue of $163.77 million versus estimates of $155.63 million.
• JFrog shares fell 1.8% to $83.04 despite the stronger guidance. Analysts maintain a “Moderate Buy” consensus, with a $91.19 average price target; institutional investors own 85.02% of the stock.

JFrog (NASDAQ:FROG - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.220-0.240 for the period, compared to the consensus EPS 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 Down 1.8%

Shares of NASDAQ:FROG traded down $1.48 during trading on Thursday, reaching $83.04. 3,059,504 shares of the company's stock traded hands, compared to its average volume of 3,022,687. JFrog has a fifty-two week low of $34.05 and a fifty-two week high of $99.22. The firm has a market cap of $10.06 billion, a PE ratio of -156.68 and a beta of 1.22. The company has a 50-day simple moving average of $84.75 and a 200-day simple moving average of $62.74.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The company had revenue of $163.77 million during the quarter, compared to analysts' expectations of $155.63 million. 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 research analysts forecast that JFrog will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on FROG. Bank of America lifted their target price on JFrog from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, June 8th. DA Davidson set a $90.00 price objective on shares of JFrog in a report on Friday, May 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JFrog in a research report on Friday, July 17th. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 target price on shares of JFrog in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of JFrog from $76.00 to $100.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.19.

Insider Activity

In related news, CFO Eduard Grabscheid sold 5,654 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $84.69, for a total value of $478,837.26. Following the transaction, the chief financial officer directly owned 209,658 shares of the company's stock, valued at $17,755,936.02. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ben Haim Shlomi sold 15,000 shares of the firm's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $94.37, for a total value of $1,415,550.00. Following the transaction, the chief executive officer directly owned 4,577,237 shares in the company, valued at approximately $431,953,855.69. The trade was a 0.33% 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. Insiders have sold 938,649 shares of company stock valued at $76,347,827 over the last 90 days. Insiders own 11.80% of the company's stock.

Institutional Investors Weigh In On JFrog

Large investors have recently modified their holdings of the company. Whale Rock Capital Management LLC boosted its holdings in JFrog by 82.2% in 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 purchasing an additional 2,389,415 shares in the last quarter. Invesco Ltd. grew its holdings in JFrog by 6,868.3% during the fourth quarter. Invesco Ltd. now owns 2,104,071 shares of the company's stock worth $131,420,000 after acquiring an additional 2,073,876 shares during the period. Morgan Stanley raised its position in JFrog by 550.2% in the fourth quarter. Morgan Stanley now owns 1,562,151 shares of the company's stock worth $97,572,000 after acquiring an additional 1,321,899 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in JFrog by 1,669.6% in the third quarter. Lazard Asset Management LLC now owns 1,185,416 shares of the company's stock valued at $56,106,000 after acquiring an additional 1,118,427 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of JFrog by 234.8% during the 4th 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 period. 85.02% of the stock is 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.

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