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

JFrog Ltd’s recently made public that its CHIEF TECHNOLOGY OFFICER Landman Yoav unloaded Company’s shares for reported $0.42 million on Sep 13 ’24. In the deal valued at $28.00 per share,15,000 shares were sold. As a result of this transaction, Landman Yoav now holds 6,627,242 shares worth roughly $188.15 million.

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Then, Landman Yoav bought 15,000 shares, generating $419,311 in total proceeds.

Before that, Notman Tali sold 10,699 shares. JFrog Ltd shares valued at $302,675 were divested by the CHIEF REVENUE OFFICER at a price of $28.29 per share. As a result of the transaction, Notman Tali now holds 536,714 shares, worth roughly $15.24 million.

Needham reiterated its JFrog Ltd [FROG] rating to a Buy in a research note published on September 05, 2024; the price target was $33. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late August with a ‘”an Outperform”‘ rating. Oppenheimer also remained covering FROG and has decreased its forecast on August 08, 2024 with a “Perform” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on July 24, 2024. It rated FROG as “a Buy”.

Price Performance Review of FROG

On Monday, JFrog Ltd [NASDAQ:FROG] saw its stock fall -0.77% to $28.39. Over the last five days, the stock has gained 0.89%. JFrog Ltd shares have fallen nearly -17.97% since the year began. Nevertheless, the stocks have risen 9.23% 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 08/08/24. SMA at 50 days reached $30.82, while 200 days put it at $35.42.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 28.11, which if violated will result in even more drops to 27.83. On the upside, there is a resistance level at 28.70. A further resistance level may holdings at 29.00. The Relative Strength Index (RSI) on the 14-day chart is 48.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.12%. Stochastics %K at 71.05% indicates the stock is a holding.

How much short interest is there in JFrog Ltd?

A steep rise in short interest was recorded in JFrog Ltd stocks on 2024-08-30, growing by 0.16 million shares to a total of 2.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.64 million shares. There was a rise of 5.83%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 26, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $50 price target.

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