JFrog Ltd’s recent filing unveils that its Director Simon Frederic unloaded Company’s shares for reported $1.36 million on Apr 23 ’24. In the deal valued at $38.97 per share,35,000 shares were sold. As a result of this transaction, Simon Frederic now holds 4,654,432 shares worth roughly $195.44 million.
Then, Landman Yoav sold 40,000 shares, generating $1,548,183 in total proceeds. Upon selling the shares at $38.70, the CHIEF TECHNOLOGY OFFICER now owns 6,731,371 shares.
Before that, Notman Tali sold 6,000 shares. JFrog Ltd shares valued at $255,600 were divested by the CHIEF REVENUE OFFICER at a price of $42.60 per share. As a result of the transaction, Notman Tali now holds 522,348 shares, worth roughly $21.93 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 jump 3.76% to $41.99. Over the last five days, the stock has gained 13.06%. JFrog Ltd shares have risen nearly 21.32% since the year began. Nevertheless, the stocks have risen 122.76% 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 $42.29, while 200 days put it at $32.16. A total of 1.23 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For FROG Stock
The 24-hour chart illustrates a support level at 41.09, which if violated will result in even more drops to 40.18. On the upside, there is a resistance level at 42.67. A further resistance level may holdings at 43.34. The Relative Strength Index (RSI) on the 14-day chart is 57.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.34%. Stochastics %K at 60.34% indicates the stock is a holding.
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.
