JFrog (NASDAQ:FROG) Updates FY 2026 Earnings Guidance

JFrog (NASDAQ:FROG) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.930-0.970 for the period, compared to the consensus earnings per share estimate of 0.680. The company issued revenue guidance of $628.0 million-$632.0 million, compared to the consensus revenue estimate of $627.5 million. JFrog also updated its Q2 2026 guidance to 0.230-0.25 EPS.

JFrog Stock Up 6.0%

Shares of JFrog stock traded up $3.21 during mid-day trading on Thursday, hitting $57.02. The stock had a trading volume of 4,787,398 shares, compared to its average volume of 2,390,046. The firm has a 50-day moving average of $44.84 and a two-hundred day moving average of $52.80. JFrog has a 12-month low of $34.05 and a 12-month high of $70.43. 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) last posted 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. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. The business had revenue of $153.98 million during the quarter, compared to analysts’ expectations of $147.45 million. During the same quarter in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Sell-side analysts expect that JFrog will post -0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FROG. Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. William Blair restated an “outperform” rating on shares of JFrog in a report on Monday, February 23rd. TD Cowen decreased their price objective on shares of JFrog from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Barclays upped their price objective on shares of JFrog from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price objective on shares of JFrog in a report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $67.63.

Insider Activity at JFrog

In other JFrog news, CRO Tali Notman sold 21,097 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $41.28, for a total transaction of $870,884.16. Following the sale, the executive directly owned 752,598 shares in the company, valued at $31,067,245.44. This represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $42.87, for a total transaction of $643,050.00. Following the sale, the chief technology officer owned 5,828,437 shares in the company, valued at approximately $249,865,094.19. This trade represents a 0.26% 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 sold 295,003 shares of company stock worth $12,888,031 over the last 90 days. 11.80% of the stock is currently owned by corporate insiders.

JFrog News Roundup

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q1 results beat expectations: non‑GAAP EPS $0.27 vs. $0.22 est., revenue $154.0M (+25.8% YoY) above consensus — the core beat triggered the initial lift. Read More.
• Positive Sentiment: Raised guidance: Q2 EPS and revenue ranges were raised above Street expectations and FY2026 EPS guidance was hiked materially, supporting a re‑rating of growth and margin prospects. Read More.
• Positive Sentiment: Cloud & operational momentum: cloud revenue grew ~50% YoY to $78.9M (51% of revenue), net dollar retention ~120%, customers with >$1M ARR rose to 80 — signs of durable, higher‑margin recurring revenue. Management cites AI-driven demand. Read More.
• Neutral Sentiment: Analyst coverage & positioning: recent price targets cluster around a $65 median, with some firms notably bullish — this supports upside but isn’t unanimous. Read More.
• Negative Sentiment: Insider selling and legacy profitability: multiple insiders have sold shares recently (no purchases reported), and GAAP net margin and return on equity remain negative despite non‑GAAP margin improvement — possible concern for some investors. Read More.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FROG. Royal Bank of Canada grew its position in shares of JFrog by 48.4% in the 1st quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock valued at $6,053,000 after buying an additional 61,685 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of JFrog in the 1st quarter valued at $205,000. AQR Capital Management LLC purchased a new position in shares of JFrog in the 1st quarter valued at $368,000. Integrated Wealth Concepts LLC purchased a new position in shares of JFrog in the 1st quarter valued at $203,000. Finally, Goldman Sachs Group Inc. grew its position in shares of JFrog by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock valued at $22,173,000 after buying an additional 88,784 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.