In a filing, JFrog Ltd revealed its CHIEF REVENUE OFFICER Notman Tali unloaded Company’s shares for reported $0.26 million on Apr 05 ’24. In the deal valued at $42.60 per share,6,000 shares were sold. As a result of this transaction, Notman Tali now holds 522,348 shares worth roughly $20.16 million.
Then, Simon Frederic sold 35,000 shares, generating $1,490,705 in total proceeds. Upon selling the shares at $42.59, the Director now owns 4,689,432 shares.
Before that, Landman Yoav sold 40,000 shares. JFrog Ltd shares valued at $1,698,737 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $42.47 per share. As a result of the transaction, Landman Yoav now holds 6,771,371 shares, worth roughly $261.37 million.
KeyBanc Capital Markets initiated its JFrog Ltd [FROG] rating to an Overweight in a research note published on March 19, 2024; the price target was $52. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late December from “an Equal-weight” to “an Overweight”. Scotiabank began covering FROG with “Sector perform” recommendation on September 28, 2023. William Blair revised its rating on September 14, 2023. It rated FROG as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of FROG
On Friday, JFrog Ltd [NASDAQ:FROG] saw its stock fall -4.17% to $38.60. Over the last five days, the stock has lost -10.42%. JFrog Ltd shares have risen nearly 11.53% since the year began. Nevertheless, the stocks have risen 88.11% over the past one year. While a 52-week high of $48.81 was reached on 02/15/24, a 52-week low of $17.11 was recorded on 01/05/24. SMA at 50 days reached $41.79, while 200 days put it at $31.60. A total of 1.0 million shares were traded, compared to the trading of 1.29 million shares in the previous session.
Levels Of Support And Resistance For FROG Stock
The 24-hour chart illustrates a support level at 37.87, which if violated will result in even more drops to 37.14. On the upside, there is a resistance level at 39.68. A further resistance level may holdings at 40.76. The Relative Strength Index (RSI) on the 14-day chart is 32.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.08%. Stochastics %K at 3.46% indicates the stock is a buying.
The most recent change occurred on May 10, 2023 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
