Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. JFrog Ltd shares valued at $302,675 were sold by Notman Tali on Sep 09 ’24. At $28.29 per share, Notman Tali sold 10,699 shares. The insider’s holdings dropped to 536,714 shares worth approximately $14.89 million following the completion of this transaction.
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Also, Shlomi Ben Haim sold 16,714 shares, netting a total of over 471,502 in proceeds. Following the sale of shares at $28.21 each, the insider now holds 5,010,779 shares.
Before that, Notman Tali had added 10,699 shares to its account. In a trade valued at $294,009, the Officer bought JFrog Ltd shares for $27.48 each.
As published in a research note from Needham on September 05, 2024, JFrog Ltd [FROG] has been retained to a Buy and the price target has been revised to $33. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late August. As of August 08, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for FROG. Earlier on July 24, 2024, TD Cowen 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 -3.04%. Over the course of the year, JFrog Ltd shares have dropped approximately -19.85%. 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 $32.06, while a 200-day SMA reached $35.39. Nevertheless, trading volume fell to 1.08 million shares from 2.42 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 27.32, which, if violated, would cause prices to drop to 26.90. In the upper region, resistance lies at 28.11. The next price resistance is at 28.48. RSI (Relative Strength Index) is 44.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 48.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
