The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. JFrog Ltd shares valued at $1,548,183 were sold by Landman Yoav on Apr 12 ’24. At $38.70 per share, Landman Yoav sold 40,000 shares. The insider’s holdings dropped to 6,731,371 shares worth approximately $255.99 million following the completion of this transaction.
Also, Notman Tali sold 6,000 shares, netting a total of over 255,600 in proceeds. Following the sale of shares at $42.60 each, the insider now holds 522,348 shares.
Before that, Simon Frederic had sold 35,000 shares from its account. In a trade valued at $1,490,705, the Director traded JFrog Ltd shares for $42.59 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $178.34 million.
As published in their initiating research note from KeyBanc Capital Markets on March 19, 2024, JFrog Ltd [FROG] has been an Overweight and the price target has been revised to $52. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late December. As of September 28, 2023, Scotiabank has initiated its “Sector perform” rating for FROG. Earlier on September 14, 2023, William Blair upgraded its rating. Their new recommendation was “an Outperform” for FROG stock which previously was a “a Mkt perform”.
Analyzing FROG Stock Performance
During the last five days, there has been a drop of approximately -7.09%. Over the course of the year, JFrog Ltd shares have jumped approximately 9.88%. Shares of the company reached a 52-week high of $48.81 on 02/15/24 and a 52-week low of $31.13 on 01/05/24. A 50-day SMA is recorded $41.96, while a 200-day SMA reached $31.74. Nevertheless, trading volume fell to 0.98 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for JFrog Ltd (FROG)
According to the 24-hour chart, there is a support level at 37.63, which, if violated, would cause prices to drop to 37.23. In the upper region, resistance lies at 38.59. The next price resistance is at 39.16. RSI (Relative Strength Index) is 32.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.69, which suggests the price will decrease in the coming days. Percent R is at 83.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
