JFrog (FROG)


Market Price (8/4/2026): $82.54 | Market Cap: $9.9 BilSector: Information Technology | Industry: Application Software

JFrog (FROG)


Market Price (8/4/2026): $82.54
Market Cap: $9.9 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%

Megatrend and thematic drivers
Megatrends include Cybersecurity, Cloud Computing, and E-commerce & DTC Adoption. Themes include Software Security, Show more.

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -79 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 28%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 68%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%

Key risks
FROG key risks include [1] intense competition from cloud hyperscalers (AWS, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
1 Megatrend and thematic drivers
Megatrends include Cybersecurity, Cloud Computing, and E-commerce & DTC Adoption. Themes include Software Security, Show more.
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -79 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%
3 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 28%
4 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 68%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%
6 Key risks
FROG key risks include [1] intense competition from cloud hyperscalers (AWS, Show more.

FROG in ETFs

Weight = FROG's share of each fund

VTI0.01%
IWM0.26%
VB0.11%
IWO0.56%
NUSC0.40%
VTWO0.30%
VBK0.26%
ESML0.14%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/3/2026

JFrog (FROG) stock has gained about 75% since 4/30/2026 because of the following key factors:

1. JFrog reported robust financial results for fiscal Q1 2026 (ended March 31, 2026), significantly surpassing analyst expectations and issuing raised full-year guidance. The company announced non-GAAP diluted earnings per share of $0.27, exceeding the consensus estimate of $0.22 by $0.05. Additionally, revenue reached $154.0 million, a 26% year-over-year increase, outperforming analyst projections of $147.45 million. JFrog also raised its fiscal year 2026 revenue guidance to a range of $628 million to $632 million and non-GAAP diluted earnings per share to $0.93 to $0.97.

2. The company experienced accelerated cloud revenue growth and benefited from increasing demand related to AI-driven software development and supply chain security. JFrog's cloud revenue surged by 50% year-over-year in fiscal Q1 2026, reaching $78.9 million and representing 51% of total revenue. Analysts frequently cited JFrog's crucial role in managing and securing binaries and AI assets within the software supply chain as a key growth driver, with its platform seen as a direct beneficiary of the shift towards AI-powered coding and enhanced security requirements.

Show more
Updated on 8/3/2026

JFrog (FROG) stock has gained about 75% since 4/30/2026 because of the following key factors:

1. JFrog reported robust financial results for fiscal Q1 2026 (ended March 31, 2026), significantly surpassing analyst expectations and issuing raised full-year guidance. The company announced non-GAAP diluted earnings per share of $0.27, exceeding the consensus estimate of $0.22 by $0.05. Additionally, revenue reached $154.0 million, a 26% year-over-year increase, outperforming analyst projections of $147.45 million. JFrog also raised its fiscal year 2026 revenue guidance to a range of $628 million to $632 million and non-GAAP diluted earnings per share to $0.93 to $0.97.

2. The company experienced accelerated cloud revenue growth and benefited from increasing demand related to AI-driven software development and supply chain security. JFrog's cloud revenue surged by 50% year-over-year in fiscal Q1 2026, reaching $78.9 million and representing 51% of total revenue. Analysts frequently cited JFrog's crucial role in managing and securing binaries and AI assets within the software supply chain as a key growth driver, with its platform seen as a direct beneficiary of the shift towards AI-powered coding and enhanced security requirements.

3. Numerous financial institutions issued positive analyst upgrades and significantly increased price targets for JFrog's stock. During the period, multiple firms reiterated "Buy" or "Overweight" ratings and raised their price objectives. For example, JPMorgan Chase & Co. increased its price target from $76 to $100, TD Cowen from $80.00 to $100.00, and Bank of America from $85.00 to $100.00 in May and June 2026. UBS also lifted its target to $110 from $92 in early July 2026, citing strong demand and AI tailwinds. The consensus analyst rating became a "Strong Buy" with an average target price around $87.90 to $89.1.

4. JFrog was included in the Russell 3000 Index, effective June 26, 2026. This inclusion typically leads to increased visibility and demand for the stock from passive investment funds that track the index, contributing to upward price movement.

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Stock Movement Drivers

Fundamental Drivers

The 77.4% change in FROG stock from 4/30/2026 to 8/3/2026 was primarily driven by a 69.4% change in the company's P/S Multiple.
(LTM values as of)43020268032026Change
Stock Price ($)46.4482.4077.4%
Change Contribution By: 
Total Revenues ($ Mil)5325635.9%
P/S Multiple10.417.669.4%
Shares Outstanding (Mil)119120-1.1%
Cumulative Contribution77.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/3/2026
ReturnCorrelation
FROG77.4% 
Market (SPY)5.4%19.9%
Sector (XLK)11.6%33.9%

Fundamental Drivers

The 50.4% change in FROG stock from 1/31/2026 to 8/3/2026 was primarily driven by a 37.5% change in the company's P/S Multiple.
(LTM values as of)13120268032026Change
Stock Price ($)54.8082.4050.4%
Change Contribution By: 
Total Revenues ($ Mil)50356312.1%
P/S Multiple12.817.637.5%
Shares Outstanding (Mil)117120-2.4%
Cumulative Contribution50.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/3/2026
ReturnCorrelation
FROG50.4% 
Market (SPY)9.8%19.5%
Sector (XLK)23.9%30.4%

Fundamental Drivers

The 89.8% change in FROG stock from 7/31/2025 to 8/3/2026 was primarily driven by a 60.8% change in the company's P/S Multiple.
(LTM values as of)73120258032026Change
Stock Price ($)43.4182.4089.8%
Change Contribution By: 
Total Revenues ($ Mil)45156325.0%
P/S Multiple10.917.660.8%
Shares Outstanding (Mil)113120-5.6%
Cumulative Contribution89.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/3/2026
ReturnCorrelation
FROG89.8% 
Market (SPY)20.9%22.7%
Sector (XLK)36.1%30.0%

Fundamental Drivers

The 167.8% change in FROG stock from 7/31/2023 to 8/3/2026 was primarily driven by a 90.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238032026Change
Stock Price ($)30.7782.40167.8%
Change Contribution By: 
Total Revenues ($ Mil)29656390.2%
P/S Multiple10.517.667.0%
Shares Outstanding (Mil)101120-15.7%
Cumulative Contribution167.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/3/2026
ReturnCorrelation
FROG167.8% 
Market (SPY)71.4%33.1%
Sector (XLK)103.4%34.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FROG Return-53%-28%62%-15%112%28%27%
Peers Return24%-31%52%24%18%-1%90%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
FROG Win Rate17%42%50%50%75%38% 
Peers Win Rate60%32%65%67%47%38% 
S&P 500 Win Rate75%42%67%75%67%38% 

Max Drawdowns [4]
FROG Max Drawdown-59%-46%-36%-48%-33%-45% 
Peers Max Drawdown-12%-42%-24%-24%-30%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GTLB, MSFT, AMZN, GOOGL, IBM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/3/2026 (YTD)

How Low Can It Go

EventFROGS&P 500
2025 US Tariff Shock
  % Loss-29.7%-18.8%
  % Gain to Breakeven42.3%23.1%
  Time to Breakeven34 days79 days
2024 Yen Carry Trade Unwind
  % Loss-30.0%-7.8%
  % Gain to Breakeven42.9%8.5%
  Time to Breakeven173 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.6%-9.5%
  % Gain to Breakeven38.1%10.5%
  Time to Breakeven39 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.0%-6.7%
  % Gain to Breakeven33.3%7.1%
  Time to Breakeven27 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.0%-24.5%
  % Gain to Breakeven85.1%32.4%
  Time to Breakeven583 days427 days

Compare to GTLB, MSFT, AMZN, GOOGL, IBM

In The Past

JFrog's stock fell -29.7% during the 2025 US Tariff Shock. Such a loss loss requires a 42.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFROGS&P 500
2025 US Tariff Shock
  % Loss-29.7%-18.8%
  % Gain to Breakeven42.3%23.1%
  Time to Breakeven34 days79 days
2024 Yen Carry Trade Unwind
  % Loss-30.0%-7.8%
  % Gain to Breakeven42.9%8.5%
  Time to Breakeven173 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.6%-9.5%
  % Gain to Breakeven38.1%10.5%
  Time to Breakeven39 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.0%-6.7%
  % Gain to Breakeven33.3%7.1%
  Time to Breakeven27 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.0%-24.5%
  % Gain to Breakeven85.1%32.4%
  Time to Breakeven583 days427 days

Compare to GTLB, MSFT, AMZN, GOOGL, IBM

In The Past

JFrog's stock fell -29.7% during the 2025 US Tariff Shock. Such a loss loss requires a 42.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About JFrog (FROG)

JFrog Ltd. (FROG) offers a comprehensive DevOps platform designed to streamline and automate the entire software supply chain for organizations. Essentially, JFrog helps businesses manage, secure, and deliver their software applications more efficiently, from initial development through to deployment and updates. Its solutions are critical for companies looking to accelerate their software development cycles, ensure package integrity, and maintain a robust and secure software delivery pipeline.

At the core of JFrog's offering is JFrog Artifactory, a universal package repository that acts as a central hub for storing, updating, and managing all software components and packages. Complementing Artifactory are tools like JFrog Pipelines, which automates the continuous integration and delivery (CI/CD) process, and JFrog Xray, which scans packages for security vulnerabilities and compliance issues. The company also provides JFrog Distribution for enterprise-grade software delivery, including incremental updates, and JFrog Connect specifically for managing software updates and monitoring performance across fleets of IoT devices. These products are available across various tiers, from Pro to Enterprise Plus, offering features tailored to different organizational needs.

JFrog serves a wide array of large organizations across diverse industries that rely heavily on software development and deployment. Its primary customers include technology companies, financial services institutions, retail chains, healthcare providers, and telecommunications firms. Any enterprise that needs to manage a complex and secure software supply chain, accelerate its development processes, and ensure the reliable distribution of its software can benefit from JFrog's integrated platform.

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GitHub for compiled software packages.

Amazon Logistics for software supply chains.

Tesla's automated factory for software development.

AI Analysis | Feedback

  • JFrog Artifactory: A package repository that allows teams and organizations to store, update, and manage their software packages at any scale.
  • JFrog Pipelines: An integration/continuous delivery tool for automating and orchestrating the movement of software packages.
  • JFrog Xray: Scans JFrog Artifactory for security vulnerabilities and license compliance.
  • JFrog Distribution: Provides software package distribution with enterprise-grade performance.
  • JFrog Artifactory Edge: Utilizes and leverages metadata from JFrog Artifactory to facilitate the transfer of incremental changes in software packages.
  • JFrog Mission Control: A platform control panel that provides a comprehensive view of an organization's software supply chain workflow.
  • JFrog Insight: A DevOps intelligence tool for analytics and reporting.
  • JFrog Connect: A device management solution that allows companies to manage software updates and monitor performance across IoT device fleets.

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JFrog (FROG) sells its DevOps platform and related products primarily to other companies and organizations.

While the provided background does not list specific customer company names, it identifies its major customers as organizations within the following sectors:

  • Technology organizations
  • Financial services organizations
  • Retail organizations
  • Healthcare organizations
  • Telecommunications organizations

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Amazon.com, Inc. (AMZN)

Alphabet Inc. (GOOGL)

Microsoft Corporation (MSFT)

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Shlomi Ben Haim, Co-Founder and CEO
Shlomi Ben Haim is a co-founder and has served as CEO of JFrog since April 2008 and Chairman of the board of directors since January 2020. He has over 20 years of experience building profitable, high-growth information technology companies. Prior to co-founding JFrog, he was the CEO of AlphaCSP Ltd. (AlphaCSP), a company implementing software applications that was acquired by Malam Group in 2005. He served as CEO of AlphaCSP from June 2006 to June 2009. He also served in the Israeli Air Force, reaching the rank of Major.

Ed Grabscheid, Chief Financial Officer
Ed Grabscheid is the Chief Financial Officer at JFrog, overseeing global finance, treasury, and investor relations. He is a seasoned finance leader with over 25 years of experience driving growth and value at high-performing technology companies. Prior to JFrog, Ed has experience leading both private and public company finance teams and has successfully guided organizations from startup to IPO.

Yoav Landman, Co-Founder and CTO
Yoav Landman is a co-founder and the CTO of JFrog. He is recognized as the visionary behind Artifactory, JFrog's universal artifact repository manager. Before co-founding JFrog in April 2008, he spent over a decade as a senior consultant specializing in Distributed Computing and Enterprise Build Systems. He also held various senior technical roles in global organizations, including senior consultant at AlphaCSP and senior developer at Attunity, Verve, and Sausage.

Gal Marder, Chief Strategy Officer
Gal Marder brings over 20 years of experience across various tech leadership positions. He joined JFrog in 2018 through the acquisition of Trainologic, a cutting-edge DevOps technology consulting company he co-founded and served as CEO. After the acquisition, Marder initially served as VP of DevOps Acceleration, scaling and leading the team providing solutions engineering and professional services. In his current role, he leads the company's strategic direction, including exploring new market opportunities, cultivating partnerships, and pursuing M&A initiatives.

Tali Notman, Chief Revenue Officer
Tali Notman has served as JFrog's Chief Revenue Officer since January 2019. She has been instrumental in running the Sales team at JFrog from the company's early days, developing the sales funnel, building a global sales team, and establishing customer and partner relationships. Before joining JFrog, she held executive Human Resources roles at companies including AlphaCSP, Malam, the Prime Minister's Office, and SQLink.

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Key Risks to JFrog's Business

  1. Intense Competition, particularly from Cloud Hyperscalers and Version Control System (VCS) Providers: JFrog faces significant competition from major cloud providers, such as Amazon Web Services (AWS) with CodeArtifact and Google Cloud with Artifact Registry, which bundle repository services within their existing ecosystems and leverage established enterprise relationships. Additionally, strong competition comes from VCS providers like GitHub (owned by Microsoft) and GitLab, who represent a major entry point into the software release management pipeline and can up-sell into other functions like CI/CD, package storage, and code security. The market for DevOps and DevSecOps tools is also seeing consolidation, with larger entities directly competing with JFrog's offerings. This competitive landscape can impact JFrog's market position, pricing power, and ability to expand its customer base.
  2. Disruption from AI-native Tools and Evolving Software Security Paradigms: The emergence of AI-native tools for code security and vulnerability detection, such as Anthropic's Claude Code Security, poses a risk to JFrog's traditional security models. There is a concern that if AI can detect vulnerabilities earlier in the coding process, enterprises might perceive a reduced need for JFrog's downstream package-level controls and incremental security modules, potentially slowing their adoption. There's also a longer-term fear that AI platforms could expand into artifact scanning, directly overlapping with JFrog's core portfolio. While JFrog is actively integrating AI into its offerings, for example, through its acquisition of Qwak AI to embed MLOps into its platform, the rapid evolution and potential "platform creep" of AI tools present a significant challenge to JFrog's market position and product strategy.
  3. Dependence on Large Enterprise Contracts and Exposure to Macroeconomic Headwinds: JFrog's business model is significantly reliant on large enterprise customers and multi-year contracts, which introduces risks related to customer concentration and the timing of substantial deals. Delays, renegotiations, or the loss of these large contracts can adversely affect JFrog's financial performance. Furthermore, the company is susceptible to global economic conditions, such as inflation, recession, and rising interest rates, which can lead to enterprises tightening their IT budgets, extending cloud migration timelines, and scrutinizing investments in DevOps projects. Such macroeconomic pressures can negatively impact JFrog's revenue growth, customer expansion, and overall financial results.

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The increasing maturity and comprehensive nature of native DevOps platform offerings from major cloud providers (such as AWS CodeArtifact, CodePipeline, Azure Artifacts, Azure Pipelines, Google Cloud Artifact Registry, and Cloud Build). These deeply integrated services directly compete with JFrog's core products like Artifactory and Pipelines, and present an alternative, cloud-native approach to managing the software supply chain. For organizations committed to a single cloud ecosystem, these native tools offer the potential for simplified procurement, tighter integration with other cloud services, and perceived cost efficiencies, potentially reducing the need for a specialized, cloud-agnostic platform.

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JFrog Ltd. (FROG) operates within several significant addressable markets related to its DevOps platform and associated services. The company's unified Software Supply Chain Platform addresses a total addressable market (TAM) estimated to be over $40 billion globally. For its main products and services, the addressable market sizes are: * **DevOps Platforms (encompassing a broad range of JFrog's offerings):** The global DevOps Platforms market is estimated to reach approximately USD 8.0-16.0 billion in 2025, with projections suggesting growth to a valuation of USD 103.21 billion by 2034. * **Artifact Management (for products like JFrog Artifactory):** The global artifact repository market is projected to grow from $1.61 billion in 2025 to $1.85 billion in 2026, and is estimated to reach $3.24 billion by 2030. The broader Repository Management Software market was valued at $9.14 billion globally in 2025. * **Continuous Integration/Continuous Delivery (CI/CD) (for JFrog Pipelines):** The global CI/CD market is projected to reach approximately $15 billion by 2028, with some estimates suggesting it could reach around $45 billion by 2033. The Continuous Integration & Delivery (CI/CD) tools market is also projected to reach approximately US$19 billion by 2031 globally. * **Software Supply Chain Security (for JFrog Xray):** The global Software Supply Chain Security Market was valued at USD 5.83 billion in 2025 and is projected to reach USD 13 billion by the end of 2030. Another estimate places the market size at USD 5.53 billion in 2025, forecasting growth to USD 10.10 billion by 2030. * **IoT Device Management (for JFrog Connect):** The global IoT device management market size was estimated at USD 8.84 billion in 2025 and is projected to reach USD 43.82 billion by 2033. The market is expected to reach USD 27.94 billion by 2031. North America alone is predicted to generate USD 2 billion in revenue for this market by 2028.

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Here are 3-5 expected drivers of future revenue growth for JFrog (FROG) over the next 2-3 years:

1. Strong Cloud Growth and Migration: JFrog anticipates continued robust growth in its cloud business, driven by increasing customer usage and an ongoing trend of customers migrating from self-managed subscriptions to hybrid or multi-cloud environments. The company projects cloud growth of 30-32% for 2026.

2. Deepening Enterprise Adoption and Platform Consolidation: Large enterprises are increasingly adopting the comprehensive JFrog platform, recognizing its critical role in the software supply chain. Revenue from JFrog's premium Enterprise+ offering has steadily grown, representing over 56% of total revenue in Q3 FY2025, indicating deeper integration and consolidation of tools within customer environments.

3. Expansion into Security, Compliance, and Governance (DevSecOps/DevGovOps): JFrog has strategically expanded its platform to include security, compliance, and governance functionalities. Products like JFrog Advanced Security and JFrog Curation are expected to contribute materially to revenue. The company emphasizes its strong position in binary security and governance, which are crucial for deployed code.

4. Growth in AI/MLOps and Securing AI Models: JFrog is focusing on securing AI models and Machine Learning Operations (MLOps) development as a significant future growth area. The company's acquisition of Qwak AI in 2024 aims to unify DevOps, DevSecOps, and MLOps within a single platform, and a notable AI customer is already contributing over $1 million in Annual Recurring Revenue (ARR). MLOps is projected to be a rapidly expanding market, adding substantial potential to JFrog by 2030.

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Share Repurchases

  • On February 26, 2026, JFrog's Board of Directors authorized a share repurchase program of up to $300 million of its outstanding ordinary shares.
  • The program is expected to be funded with existing cash on hand and future cash generated from operations.
  • Repurchases may occur through various methods, including open market purchases or privately negotiated transactions, and the program is discretionary and can be suspended or discontinued.

Share Issuance

  • JFrog's shares outstanding have shown an increasing trend, with 0.116 billion shares outstanding in 2025, a 5.93% increase from 2024.
  • In 2024, shares outstanding were 0.11 billion, an increase of 6.17% from 2023, and in 2023, they were 0.103 billion, a 4.11% increase from 2022.
  • Historically, JFrog has funded its operations and capital expenditures in part through equity issuances.

Outbound Investments

  • In June 2024, JFrog acquired Qwak for $230 million to expand its capabilities in AI and MLOps (Machine Learning Operations).
  • In September 2021, JFrog acquired Upswift to integrate connected device management and over-the-air (OTA) updates for IoT devices into its platform.
  • In July 2021, JFrog completed the acquisition of Vdoo Connected Trust Ltd. for approximately $300 million, comprised of cash and JFrog ordinary shares, to enhance its security offerings and DevSecOps capabilities.

Capital Expenditures

  • JFrog's capital expenditures for fiscal year 2025 totaled $4.33 million.
  • Capital expenditures were $3.14 million in fiscal year 2024 and $1.98 million in fiscal year 2023.
  • The company focuses on balancing these investments with growth, particularly in areas like R&D and sales.

Better Bets vs. JFrog (FROG)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FROGGTLBMSFTAMZNGOOGLIBMMedian
NameJFrog GitLab MicrosoftAmazon.c.Alphabet Internat. 
Mkt Price82.4035.59487.65284.02373.51226.31255.16
Mkt Cap9.96.03,621.33,058.64,538.5213.01,635.8
Rev LTM5631,005331,839775,680445,86769,097200,468
Op Inc LTM-79-52155,23793,712147,62812,70553,208
FCF LTM15126366,987-11,62553,27313,1446,704
FCF 3Y Avg12011570,89016,73260,26312,29514,514
CFO LTM155276182,935161,403185,67514,88888,146
CFO 3Y Avg123121145,882130,164141,48113,97472,069

Growth & Margins

FROGGTLBMSFTAMZNGOOGLIBMMedian
NameJFrog GitLab MicrosoftAmazon.c.Alphabet Internat. 
Rev Chg LTM25.0%24.9%17.8%15.8%20.1%7.9%18.9%
Rev Chg 3Y Avg23.9%29.5%16.1%13.0%15.5%4.5%15.8%
Rev Chg Q25.8%23.1%17.7%19.6%24.2%1.1%21.4%
QoQ Delta Rev Chg LTM5.9%5.2%4.3%4.4%5.5%0.3%4.8%
Op Inc Chg LTM16.2%58.3%20.8%23.0%21.6%16.3%21.2%
Op Inc Chg 3Y Avg1.7%36.7%20.6%90.0%25.6%13.3%23.1%
Op Mgn LTM-14.1%-5.1%46.8%12.1%33.1%18.4%15.2%
Op Mgn 3Y Avg-17.9%-16.6%45.7%10.8%31.9%17.0%13.9%
QoQ Delta Op Mgn LTM2.7%2.2%-0.0%0.6%0.4%-0.4%0.5%
CFO/Rev LTM27.6%27.4%55.1%20.8%41.6%21.5%27.5%
CFO/Rev 3Y Avg26.6%13.8%50.6%18.9%36.5%21.4%24.0%
FCF/Rev LTM26.9%26.2%20.2%-1.5%11.9%19.0%19.6%
FCF/Rev 3Y Avg25.9%13.1%25.3%2.8%16.1%18.9%17.5%

Valuation

FROGGTLBMSFTAMZNGOOGLIBMMedian
NameJFrog GitLab MicrosoftAmazon.c.Alphabet Internat. 
Mkt Cap9.96.03,621.33,058.64,538.5213.01,635.8
P/S17.66.010.93.910.23.18.1
P/Op Inc-124.7-117.223.332.630.716.820.0
P/EBIT-124.7-117.221.417.115.117.216.1
P/E-160.8-241.427.122.618.619.919.2
P/CFO63.821.919.819.024.414.320.9
Total Yield-0.6%-0.4%4.4%4.4%5.6%8.0%4.4%
Dividend Yield0.0%0.0%0.7%0.0%0.2%3.0%0.1%
FCF Yield 3Y Avg2.0%2.0%2.2%0.8%2.4%5.6%2.1%
D/E0.00.00.00.10.00.30.0
Net D/E-0.1-0.2-0.00.0-0.00.3-0.0

Returns

FROGGTLBMSFTAMZNGOOGLIBMMedian
NameJFrog GitLab MicrosoftAmazon.c.Alphabet Internat. 
1M Rtn-13.1%11.0%24.9%17.0%3.8%-21.8%7.4%
3M Rtn56.7%44.7%18.2%4.4%-2.5%-0.7%11.3%
6M Rtn48.4%0.7%15.7%16.9%8.8%-27.2%12.3%
12M Rtn96.6%-14.9%-6.2%32.3%98.1%-7.2%13.0%
3Y Rtn178.2%-25.2%52.3%103.5%194.1%72.8%88.2%
1M Excs Rtn-14.7%9.4%23.3%15.5%2.2%-23.4%5.8%
3M Excs Rtn60.0%42.8%12.8%0.8%-8.2%-6.9%6.8%
6M Excs Rtn40.8%-7.8%4.3%9.2%1.1%-34.8%2.7%
12M Excs Rtn69.9%-38.7%-27.8%1.4%75.3%-28.2%-13.2%
3Y Excs Rtn117.2%-91.6%-16.6%54.0%123.7%6.9%30.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment532428350  
License   1917
Software-as-a-service (SaaS)   8050
Subscription   182140
Total532428350280207


Net Income by Segment
$ Mil20252024
Single Segment-72-69
Total-72-69


Price Behavior

Price Behavior
Market Price$82.40 
Market Cap ($ Bil)9.9 
First Trading Date09/16/2020 
Distance from 52W High-16.0% 
   50 Days200 Days
DMA Price$82.78$60.69
DMA Trendupup
Distance from DMA-0.5%35.8%
 3M1YR
Volatility78.3%71.9%
Downside Capture62.72122.24
Upside Capture238.08170.89
Correlation (SPY)19.2%22.6%
FROG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.360.941.121.091.261.27
Up Beta5.221.311.190.890.741.22
Down Beta-0.32-0.47-0.030.910.971.33
Up Capture-23%151%326%164%243%237%
Bmk +ve Days11223567138427
Stock +ve Days11213470131385
Down Capture174%129%36%85%118%104%
Bmk -ve Days11212859114326
Stock -ve Days11222956121366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FROG
FROG90.3%71.8%1.19-
Sector ETF (XLK)36.2%25.6%1.1730.0%
Equity (SPY)21.0%12.9%1.2022.7%
Gold (GLD)22.8%28.1%0.721.1%
Commodities (DBC)28.8%19.7%1.16-1.9%
Real Estate (VNQ)15.5%13.8%0.80-1.8%
Bitcoin (BTCUSD)-45.9%43.1%-1.3015.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FROG
FROG12.2%57.1%0.42-
Sector ETF (XLK)19.1%25.7%0.6641.7%
Equity (SPY)12.9%17.2%0.5839.6%
Gold (GLD)17.2%18.5%0.754.2%
Commodities (DBC)8.4%19.5%0.326.9%
Real Estate (VNQ)2.5%18.9%0.0325.7%
Bitcoin (BTCUSD)11.0%53.1%0.3916.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FROG
FROG2.2%57.7%0.29-
Sector ETF (XLK)24.0%24.9%0.8840.5%
Equity (SPY)15.1%17.9%0.7237.3%
Gold (GLD)11.4%16.1%0.584.4%
Commodities (DBC)7.1%18.0%0.316.4%
Real Estate (VNQ)4.8%20.7%0.2023.6%
Bitcoin (BTCUSD)58.0%66.2%0.9811.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity10.9 Mil
Short Interest: % Change Since 63020260.8%
Average Daily Volume2.2 Mil
Days-to-Cover Short Interest5.0 days
Basic Shares Quantity120.2 Mil
Short % of Basic Shares9.1%

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/202623.7%14.1%50.2%
2/12/2026-3.0%-29.2%-19.2%
11/6/202527.0%26.1%45.6%
8/7/202512.5%10.2%30.0%
5/8/202510.6%22.4%20.4%
2/13/20255.5%2.2%-8.9%
11/7/2024-5.4%-4.2%-5.9%
8/7/2024-27.5%-23.9%-19.6%
...
SUMMARY STATS   
# Positive111110
# Negative121213
Median Positive12.5%14.1%23.0%
Median Negative-6.2%-13.7%-18.2%
Max Positive28.4%28.6%50.2%
Max Negative-27.5%-29.2%-22.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/202623.7%14.1%50.2%
2/12/2026-3.0%-29.2%-19.2%
11/6/202527.0%26.1%45.6%
8/7/202512.5%10.2%30.0%
5/8/202510.6%22.4%20.4%
2/13/20255.5%2.2%-8.9%
11/7/2024-5.4%-4.2%-5.9%
8/7/2024-27.5%-23.9%-19.6%
5/9/2024-18.7%-19.0%-19.3%
2/14/202428.4%18.1%13.8%
11/1/202316.6%17.1%25.6%
8/2/20233.4%-3.6%1.1%
5/3/202315.4%28.6%35.4%
2/8/2023-1.8%-1.9%-22.6%
11/2/2022-1.3%-12.3%-1.7%
8/3/20222.2%8.6%-18.2%
5/9/2022-0.3%-3.8%0.2%
2/10/2022-7.1%-7.9%-19.5%
11/4/202110.1%4.5%-17.1%
8/5/2021-13.3%-16.1%-17.8%
5/6/2021-14.6%-18.1%9.2%
2/11/2021-0.2%1.4%-22.5%
11/4/2020-9.6%-15.0%-5.2%
SUMMARY STATS   
# Positive111110
# Negative121213
Median Positive12.5%14.1%23.0%
Median Negative-6.2%-13.7%-18.2%
Max Positive28.4%28.6%50.2%
Max Negative-27.5%-29.2%-22.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202502/13/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202402/14/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/10/202410-Q
12/31/202302/15/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/09/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202502/13/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202402/14/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/10/202410-Q
12/31/202302/15/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/09/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/09/202210-Q
12/31/202102/11/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202002/12/202110-K
09/30/202011/05/202010-Q
06/30/202009/16/2020424B4

Recent Forward Guidance

Updated 7/27/2026

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue154.00 Mil155.00 Mil156.00 Mil   
Q2 2026 Non-GAAP Operating Income28.00 Mil29.00 Mil30.00 Mil   
Q2 2026 Non-GAAP Net Income Per Diluted Share0.230.240.25   
2026 Revenue628.00 Mil630.00 Mil632.00 Mil0.7% RaisedGuidance: 625.50 Mil for 2026
2026 Non-GAAP Operating Income112.00 Mil114.00 Mil116.00 Mil6.5% RaisedGuidance: 107.00 Mil for 2026
2026 Non-GAAP Net Income Per Diluted Share0.930.950.975.6% RaisedGuidance: 0.9 for 2026

Prior: Q4 2025 Earnings Reported 2/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue146.00 Mil147.00 Mil148.00 Mil6.9% Higher NewActual: 137.50 Mil for Q4 2025
Q1 2026 Non-GAAP Operating Income25.00 Mil25.50 Mil26.00 Mil18.6% Higher NewActual: 21.50 Mil for Q4 2025
Q1 2026 Non-GAAP Net Income Per Diluted Share0.20.210.2210.5% Higher NewActual: 0.19 for Q4 2025
2026 Revenue623.00 Mil625.50 Mil628.00 Mil19.4% Higher NewActual: 524.00 Mil for 2025
2026 Non-GAAP Operating Income106.00 Mil107.00 Mil108.00 Mil21.9% Higher NewActual: 87.80 Mil for 2025
2026 Non-GAAP Net Income Per Diluted Share0.880.90.9213.9% Higher NewActual: 0.79 for 2025

Q3 2025 Earnings Reported 11/6/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue136.50 Mil137.50 Mil138.50 Mil7.4% Higher NewGuidance: 128.00 Mil for Q3 2025
Q4 2025 Non-GAAP Operating Income21.00 Mil21.50 Mil22.00 Mil22.9% Higher NewGuidance: 17.50 Mil for Q3 2025
Q4 2025 Non-GAAP Net Income Per Diluted Share0.180.190.218.8% Higher NewGuidance: 0.16 for Q3 2025
2025 Revenue523.00 Mil524.00 Mil525.00 Mil3.0% RaisedGuidance: 508.50 Mil for 2025
2025 Non-GAAP Operating Income87.30 Mil87.80 Mil88.30 Mil14.8% RaisedGuidance: 76.50 Mil for 2025
2025 Non-GAAP Net Income Per Diluted Share0.780.790.814.5% RaisedGuidance: 0.69 for 2025

Insider Activity

Updated 7/27/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Zwarenstein, BarryDirectSell727202680.101,250100,1252,538,129Form
2Sela, YossiDirectSell720202687.4325,0002,185,7447,287,184Form
3Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell710202694.3715,0001,415,526431,946,486Form
4Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell709202699.0070069,300548,295,462Form
5Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell701202690.0365,9995,941,890413,439,097Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Zwarenstein, BarryDirectSell727202680.101,250100,1252,538,129Form
2Sela, YossiDirectSell720202687.4325,0002,185,7447,287,184Form
3Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell710202694.3715,0001,415,526431,946,486Form
4Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell709202699.0070069,300548,295,462Form
5Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell701202690.0365,9995,941,890413,439,097Form
6Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell701202689.99150,00013,498,500498,458,030Form
7Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell616202678.1145,0003,514,800444,351,824Form
8Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell610202684.6093,0727,873,827394,083,560Form
9Zwarenstein, BarryDirectSell610202684.351,250105,4382,778,236Form
10Notman, TaliCHIEF REVENUE OFFICERDirectSell609202683.9522,0151,848,24759,324,334Form
11Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell604202684.695,654478,82817,755,582Form
12Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell604202686.549,484820,74518,633,100Form
13Notman, TaliCHIEF REVENUE OFFICERDirectSell604202686.5422,8541,977,78563,056,852Form
14Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell604202686.5443,0563,726,066411,178,194Form
15Simon, FredericDirectSell603202685.84120,00010,300,767276,775,422Form
16Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell603202681.47100,0008,146,952467,149,348Form
17Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell602202675.0251,2373,843,800359,673,187Form
18Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell528202675.0448,7633,659,176363,613,899Form
19Wassenaar, YvonneDirectSell522202672.401,36899,0431,588,746Form
20Steele, ElisaDirectSell522202672.4068449,5221,759,610Form
21Simon, FredericDirectSell518202663.78117,5007,493,881213,067,687Form
22Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell518202664.2275,0004,816,295369,469,961Form
23Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell508202652.2725,0001,306,699246,456,529Form
24Zwarenstein, BarryDirectSell505202649.001,25061,2501,458,240Form
25Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell414202642.8715,000643,012249,850,146Form
26Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell409202648.8825,0001,221,886231,681,761Form
27Simon, FredericDirectSell403202650.3525,0001,258,750174,124,700Form
28Simon, FredericDirectSell403202648.3455,0002,658,754168,385,466Form
29Zwarenstein, BarryDirectSell330202649.001,25061,2501,531,397Form
30Simon, FredericDirectSell327202648.179,600462,432170,439,237Form
31Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell327202645.009,043406,93510,115,820Form
32Sela, YossiDirectSell327202645.2025,0001,130,0004,697,274Form
33Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell327202645.0725,0001,126,750214,769,772Form
34Simon, FredericDirectSell327202646.1010,400479,400163,543,899Form
35Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell309202641.5025,3631,052,661198,813,495Form
36Notman, TaliCHIEF REVENUE OFFICERDirectSell309202641.2821,097870,79131,063,939Form
37Simon, FredericDirectSell304202642.0810,000420,800149,732,675Form
38Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell304202640.326,063244,4609,428,388Form
39Notman, TaliCHIEF REVENUE OFFICERDirectSell30420264015.0035,856143,961,8403,106,385,425Form
40Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell304202640.1571,8412,884,416193,346,822Form
41Simon, FredericDirectSell304202640.1825,0001,004,500143,373,731Form
42Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell304202640.1515,639627,9069,632,065Form
43Steele, ElisaDirectSell226202634.7968423,796715,317Form
44Wassenaar, YvonneDirectSell226202634.791,36747,558657,009Form
45Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell217202655.8630,0001,675,800326,414,391Form
46Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell217202653.1915,000797,794312,386,089Form
47Simon, FredericDirectSell217202653.2067,5003,590,730191,148,442Form
48Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell209202651.9225,0001,298,058246,210,086Form
49Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell121202657.7145,0002,596,950338,679,230Form
50Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell109202659.6625,0001,491,500284,392,836Form
51Simon, FredericDirectSell106202659.5180,0004,761,170217,870,300Form
52Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell1216202568.7945,0003,095,756406,826,383Form
53Sela, YossiDirectSell1212202570.0025,0001,750,0009,041,550Form
54Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell1212202569.2270,0004,845,400412,457,130Form
55Notman, TaliCHIEF REVENUE OFFICERDirectSell1210202564.8013,357865,58240,912,134Form
56Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell1209202564.4948,7443,143,475309,026,624Form
57Sela, YossiDirectSell1209202563.8150,0003,190,4639,837,155Form
58Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell1209202564.9850,0003,249,000391,741,092Form
59Steele, ElisaDirectSell1209202563.435,460346,3271,362,982Form
60Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell1204202560.803,439209,0917,847,699Form
61Notman, TaliCHIEF REVENUE OFFICERDirectSell1204202560.9314,160862,76939,280,474Form
62Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell1204202560.9328,5151,737,419294,940,012Form
63Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell1204202560.933,652222,5168,074,017Form
64Simon, FredericDirectSell1204202561.0312,500762,875228,300,170Form
65Wassenaar, YvonneDirectSell1204202560.091,36882,2031,349,141Form
66Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell1203202560.0840,0002,403,200365,204,751Form
67Simon, FredericDirectSell1201202560.0867,5004,055,244225,488,749Form
68Simon, FredericDirectSell1126202561.7680,0004,940,562238,862,952Form
69Vitus, Andrew LSee footnoteSell1126202562.175,982371,901315,451Form
70Simon, FredericDirectSell1112202565.0937,1172,415,946256,961,391Form
71Simon, FredericDirectSell1112202558.84100,0005,883,599234,455,729Form
72Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell1110202546.0115,000690,115224,018,348Form
73Wassenaar, YvonneDirectSell1022202547.941,37265,7741,404,978Form
74Simon, FredericDirectSell1016202546.9235,0001,642,039191,644,844Form
75Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell1009202548.0815,000721,217234,835,420Form
76Notman, TaliCHIEF REVENUE OFFICERDirectSell1003202547.201,69379,91331,098,654Form
77Wassenaar, YvonneDirectSell1002202549.901,37268,4631,530,882Form
78Simon, FredericDirectSell911202550.0135,0001,750,371206,038,854Form
79Notman, TaliCHIEF REVENUE OFFICERDirectSell910202550.2613,067656,74733,113,399Form
80Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell910202550.3238,1591,920,131246,539,574Form
81Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell904202547.294,908232,0776,438,618Form
82Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell904202547.782,695128,7676,740,468Form
83Notman, TaliCHIEF REVENUE OFFICERDirectSell904202547.7814,451690,46932,103,812Form
84Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell904202547.7829,1011,390,446235,904,720Form
85Wassenaar, YvonneDirectSell829202549.001,36867,0321,570,499Form
86Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell829202549.73102,4195,093,021302,396,077Form
87Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell829202549.0137,5801,841,796303,053,629Form
88Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell826202547.1150,0002,355,500293,075,361Form
89Simon, FredericDirectSell826202547.1150,0002,355,500195,737,480Form
90Grabscheid, EduardCHIEF FINANCIAL OFFICERDirectSell820202544.4916,445731,5726,381,157Form
91Sela, YossiDirectSell815202542.5028,6921,219,4108,677,012Form
92Sela, YossiDirectSell815202542.4129,1341,235,5129,874,982Form
93Simon, FredericDirectSell814202541.3835,0001,448,282173,996,692Form
94Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell811202543.9630,0001,318,812275,679,436Form
95Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell811202539.2620,000785,260247,399,410Form
96Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell811202541.6515,000624,750206,851,060Form
97Notman, TaliCHIEF REVENUE OFFICERDirectSell804202542.051,69471,23028,860,474Form
98Shlomi, Ben HaimCHIEF EXECUTIVE OFFICERDirectSell710202541.7515,000626,257207,976,173Form
99Simon, FredericDirectSell710202541.7135,0001,459,783176,838,189Form
100Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell708202542.398,734370,234267,950,836Form
101Landman, YoavCHIEF TECHNOLOGY OFFICERDirectSell708202542.1941,2661,741,055267,061,548Form

Investor Activity (13F)

Updated Aug 4, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Optimus Prime Fund Management Co., Ltd.$220.6 Mil21.3%27Hold13F
Praesidium Investment Management Company, LLC$47.6 Mil11.4%12TRIM -32.9%13F
Light Street Capital Management, LLC$27.0 Mil5.4%23ADD +24.5%13F
Cypress Point Investment Management LP$21.8 Mil5.1%32ADD +9.4%13F
Whale Rock Capital Management LLC$282.5 Mil3.6%35ADD +13.6%13F
Dorsal Capital Management, LP$54.0 Mil2.1%25New13F
Greenvale Capital LLP$12.9 Mil1.4%12New13F
Kinetic Partners Management, LP$21.1 Mil1.2%49TRIM -8.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Dorsal Capital Management, LP$54.0 Mil2.1%25New13F
Greenvale Capital LLP$12.9 Mil1.4%12New13F
Light Street Capital Management, LLC$27.0 Mil5.4%23ADD +24.5%13F
Whale Rock Capital Management LLC$282.5 Mil3.6%35ADD +13.6%13F
Cypress Point Investment Management LP$21.8 Mil5.1%32ADD +9.4%13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Anatole Investment Management Ltd$86.6 Mil14.4%15ExitedDec 31, 202513F
Grandeur Peak Global Advisors, LLC$75.2 Mil10.1%102ExitedDec 31, 202513F
Melqart Asset Management (UK) Ltd$5.2 Mil0.5%44ExitedDec 31, 202513F
Praesidium Investment Management Company, LLC$47.6 Mil11.4%12TRIM -32.9%Mar 31, 202613F
Kinetic Partners Management, LP$21.1 Mil1.2%49TRIM -8.1%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Whale Rock Capital Management LLC$282.5 Mil3.6%35ADD +13.6%13F
Optimus Prime Fund Management Co., Ltd.$220.6 Mil21.3%27Hold13F
Dorsal Capital Management, LP$54.0 Mil2.1%25New13F
Praesidium Investment Management Company, LLC$47.6 Mil11.4%12TRIM -32.9%13F
Light Street Capital Management, LLC$27.0 Mil5.4%23ADD +24.5%13F
Cypress Point Investment Management LP$21.8 Mil5.1%32ADD +9.4%13F
Kinetic Partners Management, LP$21.1 Mil1.2%49TRIM -8.1%13F
Greenvale Capital LLP$12.9 Mil1.4%12New13F
Core Cache Last Updated: 8/3/2026