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An Analysis of JFrog Ltd (FROG)’s Potential Price Growth

JFrog Ltd’s recent filing unveils that its CHIEF TECHNOLOGY OFFICER Landman Yoav unloaded Company’s shares for reported $0.6 million on Jun 27 ’24. In the deal valued at $36.66 per share,16,277 shares were sold. As a result of this transaction, Landman Yoav now holds 6,697,242 shares worth roughly $250.68 million.

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Then, Landman Yoav sold 30,973 shares, generating $1,112,859 in total proceeds. Upon selling the shares at $35.93, the CHIEF TECHNOLOGY OFFICER now owns 6,713,519 shares.

Before that, Landman Yoav sold 400 shares. JFrog Ltd shares valued at $14,000 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $35.00 per share. As a result of the transaction, Landman Yoav now holds 6,744,492 shares, worth roughly $252.45 million.

Barclays initiated its JFrog Ltd [FROG] rating to an Overweight in a research note published on June 26, 2024; the price target was $50. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. FBN Securities began covering FROG with “an Outperform” recommendation on May 22, 2024. KeyBanc Capital Markets started covering the stock on March 19, 2024. It rated FROG as “an Overweight”.

Price Performance Review of FROG

On Monday, JFrog Ltd [NASDAQ:FROG] saw its stock fall -0.32% to $37.43. Over the last five days, the stock has gained 10.81%. JFrog Ltd shares have risen nearly 8.15% since the year began. Nevertheless, the stocks have risen 29.88% 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 $35.47, while 200 days put it at $33.63. A total of 1.2 million shares were traded, compared to the trading of 1.19 million shares in the previous session.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 37.05, which if violated will result in even more drops to 36.68. On the upside, there is a resistance level at 37.81. A further resistance level may holdings at 38.20. The Relative Strength Index (RSI) on the 14-day chart is 64.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.60%. Stochastics%K at 93.67% indicates the stock is a selling.

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