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Taking a Closer Look At JFrog Ltd (FROG) Following Its Recent Trade

In a filing, JFrog Ltd revealed its CHIEF REVENUE OFFICER Notman Tali unloaded Company’s shares for reported $1.18 million on Jun 13 ’24. In the deal valued at $33.96 per share,34,748 shares were sold. As a result of this transaction, Notman Tali now holds 559,034 shares worth roughly $18.82 million.

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Then, Landman Yoav sold 2,250 shares, generating $79,380 in total proceeds. Upon selling the shares at $35.28, the CHIEF TECHNOLOGY OFFICER now owns 6,744,892 shares.

Before that, Shlomi Ben Haim sold 57,550 shares. JFrog Ltd shares valued at $1,860,016 were divested by the CHIEF EXECUTIVE OFFICER at a price of $32.32 per share. As a result of the transaction, Shlomi Ben Haim now holds 5,048,099 shares, worth roughly $169.92 million.

UBS initiated its JFrog Ltd [FROG] rating to a Buy in a research note published on May 22, 2024; the price target was $41. A number of analysts have revised their coverage, including FBN Securities’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. KeyBanc Capital Markets began covering FROG with “an Overweight” recommendation on March 19, 2024. Morgan Stanley revised its rating on December 21, 2023. It rated FROG as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of FROG

On Friday, JFrog Ltd [NASDAQ:FROG] saw its stock fall -0.91% to $33.66. Over the last five days, the stock has gained 3.63%. JFrog Ltd shares have fallen nearly -2.74% since the year began. Nevertheless, the stocks have risen 23.89% over the past one year. While a 52-week high of $48.81 was reached on 02/15/24, a 52-week low of $21.38 was recorded on 06/04/24. SMA at 50 days reached $36.47, while 200 days put it at $33.29. A total of 0.73 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 33.30, which if violated will result in even more drops to 32.95. On the upside, there is a resistance level at 33.97. A further resistance level may holdings at 34.29. The Relative Strength Index (RSI) on the 14-day chart is 47.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.33%. Stochastics %K at 69.00% indicates the stock is a holding.

The most recent change occurred on September 28, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $29 price target.

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