JFrog (NASDAQ:FROG) Updates Q2 2026 Earnings Guidance

Key Points

• Guidance beats street: JFrog raised Q2 2026 guidance to EPS $0.230–0.25 (consensus $0.150) and revenue $154.0M–$156.0M (consensus $151.7M), and set FY2026 EPS guidance at $0.930–0.970.
• Recent results topped estimates: the company reported Q1 EPS of $0.27 (vs. $0.22 expected) and revenue of $153.98M (vs. $147.45M), though it still showed a negative net margin (~13.5%) and negative ROE.
• Market and ownership activity: shares traded up to $57.02 on elevated volume (≈4.8M), market cap ~$6.9B, while insiders sold ~295,003 shares (~$12.9M) over 90 days even as institutional ownership rose to about 85%.

JFrog (NASDAQ:FROG - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.230-0.25 for the period, compared to the consensus earnings per share estimate of 0.150. The company issued revenue guidance of $154.0 million-$156.0 million, compared to the consensus revenue estimate of $151.7 million. JFrog also updated its FY 2026 guidance to 0.930-0.970 EPS.

JFrog Stock Performance

FROG stock traded up $3.21 during mid-day trading on Thursday, hitting $57.02. 4,787,398 shares of the company were exchanged, compared to its average volume of 3,099,367. JFrog has a 1-year low of $34.05 and a 1-year high of $70.43. The firm's 50 day simple moving average is $44.44 and its 200 day simple moving average is $52.73. The firm has a market cap of $6.91 billion, a P/E ratio of -91.97 and a beta of 1.02.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $153.98 million during the quarter, compared to analysts' expectations of $147.45 million. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. 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 -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BTIG Research decreased their price target on shares of JFrog from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Barclays increased their price objective on shares of JFrog from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday, January 12th. Raymond James Financial reaffirmed an "outperform" rating and issued a $70.00 target price on shares of JFrog in a research report on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of JFrog in a research note on Tuesday, April 21st. Finally, Piper Sandler cut their price objective on JFrog from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, February 13th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and a consensus price target of $67.63.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 71,841 shares of JFrog stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $40.15, for a total transaction of $2,884,416.15. Following the completion of the sale, the chief executive officer owned 4,815,612 shares of the company's stock, valued at approximately $193,346,821.80. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Tali Notman sold 21,097 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $41.28, for a total transaction of $870,884.16. Following the completion of the transaction, the executive owned 752,598 shares in the company, valued at approximately $31,067,245.44. This trade represents a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 295,003 shares of company stock valued at $12,888,031. Corporate insiders own 11.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Whale Rock Capital Management LLC lifted its stake 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 during the last quarter. Invesco Ltd. grew its stake in shares of 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 buying an additional 2,073,876 shares during the last quarter. Morgan Stanley grew its stake in shares of JFrog by 550.2% during the fourth quarter. Morgan Stanley now owns 1,562,151 shares of the company's stock worth $97,572,000 after buying an additional 1,321,899 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of JFrog by 1,669.6% during the third quarter. Lazard Asset Management LLC now owns 1,185,416 shares of the company's stock worth $56,106,000 after buying an additional 1,118,427 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings 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 buying an additional 773,597 shares in the last quarter. Institutional investors own 85.02% 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.

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