Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. JFrog Ltd shares valued at $1,156,800 were purchased by Notman Tali on Aug 01 ’24. At $38.56 per share, Notman Tali acquired 30,000 shares.
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Also, Notman Tali sold 30,000 shares, netting a total of over 1,100,259 in proceeds. Following the sale of shares at $36.68 each, the insider now holds 559,034 shares.
Before that, Simon Frederic had sold 35,000 shares from its account. In a trade valued at $1,356,359, the Director traded JFrog Ltd shares for $38.75 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $112.28 million.
As published in a research note from Oppenheimer on August 08, 2024, JFrog Ltd [FROG] has been rated down from an Outperform to a Perform. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of June 26, 2024, Barclays has initiated its “an Overweight” rating for FROG. Earlier on May 22, 2024, UBS initiated its rating. Their recommendation was “a Buy” for FROG stock.
Analyzing FROG Stock Performance
During the last five days, there has been a drop of approximately -31.48%. Over the course of the year, JFrog Ltd shares have dropped approximately -28.69%. Shares of the company reached a 52-week high of $48.81 on 02/15/24 and a 52-week low of $22.91 on 08/08/24. A 50-day SMA is recorded $35.10, while a 200-day SMA reached $35.16. Nevertheless, trading volume fell to 11.97 million shares from 1.25 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 23.18, which, if violated, would cause prices to drop to 21.68. In the upper region, resistance lies at 25.91. The next price resistance is at 27.14. RSI (Relative Strength Index) is 20.81 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.05, which suggests the price will decrease in the coming days. Percent R is at 89.69%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
