JFrog Ltd.’s recently made public that its Director Simon Frederic unloaded Company’s shares for reported $0.95 million on Aug 22. In the deal valued at $27.22 per share,35,000 shares were sold. As a result of this transaction, Simon Frederic now holds 5,124,432 shares worth roughly $ 149.07 million.
Then, Steele Elisa sold 1,199 shares, generating $33,764 in total proceeds. Upon selling the shares at $28.16, the Director now owns 18,577 shares.
Before that, Landman Yoav sold 35,000 shares. JFrog Ltd. shares valued at $983,478 were divested by the Chief Technology Officer at a price of $28.10 per share. As a result of the transaction, Landman Yoav now holds 7,113,840 shares, worth roughly $206.94 million.
DA Davidson initiated its JFrog Ltd. [FROG] rating to a Buy in a research note published on Tuesday, May 10, 2023; the price target was $25. PT values the company’s stock at a premium of -16.36 to its Tuesday closing price.
Price Performance Review of FROG
On Tuesday, JFrog Ltd. [NASDAQ:FROG] saw its stock fall -2.12% to $29.09. On the same session, the stock had its day’s lowest price of $28.67, but rose to a high of $29.38. Over the last five days, the stock has gained 7.90%. JFrog Ltd. shares have risen nearly 36.38% since the year began. Nevertheless, the stocks have risen 46.55% over the past one year. While a 52-week high of $30.94 was reached on 07/18/23, a 52-week low of $17.11 was recorded on 05/03/23. SMA at 50 days reached $28.16, while 200 days put it at $23.75. A total of 1.64 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For FROG Stock
The 24-hour chart illustrates a support level at 28.71, which if violated will result in even more drops to 28.34. On the upside, there is a resistance level at 29.42. A further resistance level may holdings at 29.76. The Relative Strength Index (RSI) on the 14-day chart is 59.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.51%. Stochastics %K at 95.01% indicates the stock is a selling.
How much short interest is there in JFrog Ltd.?
A steep rise in short interest was recorded in JFrog Ltd. stocks on Aug 14, 2023, growing by 10000.0 shares to a total of 1.6 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.59 million shares. There was a rise of 0.62%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.6.
JFrog Ltd. [FROG] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,292,627 shares, or roughly 6.18% of the outstanding FROG shares. In other words, the investor’s shares have risen by 1,137,664 from its previous 13-F filing of 5154963.0. Additionally, Eminence Capital LP decreased -22.85% of its stake after which the total value it holdings stand at $97,150,859, while Wasatch Advisors, Inc. reduced -4.27% of its stake to hold $96.09 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 2,387,861 shares of JFrog Ltd., while Grandeur Peak Global Advisors LLC bought 553,288 shares. At present, Optimus Prime Fund Management Co is holding 2,267,588 shares valued at $69.77 million. Newton Investment Management Nort owned 2,226,394 shares of the company at the time of its most recent 13F filing, worth $68.51 million.
According to FactSet, JFrog Ltd.’s share price will average $34.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.04 percent from its previous closing price of $29.72. Analysts expect JFrog Ltd. stock to reach the higher price of $40.00, while the lowest price estimate is $30.00.