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Examining the Potential Price Growth of JFrog Ltd (FROG)

JFrog Ltd’s recent filing unveils that its CHIEF TECHNOLOGY OFFICER Landman Yoav unloaded Company’s shares for reported $0.46 million on Oct 11 ’24. In the deal valued at $30.85 per share,15,000 shares were sold. As a result of this transaction, Landman Yoav now holds 6,612,242 shares worth roughly $197.38 million.

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Then, Shlomi Ben Haim sold 35,550 shares, generating $1,066,500 in total proceeds. Upon selling the shares at $30.00, the CHIEF EXECUTIVE OFFICER now owns 4,975,229 shares.

Before that, Landman Yoav bought 15,000 shares. JFrog Ltd shares valued at $462,103 were divested by the Officer at a price of $30.81 per share.

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 jump 0.07% to $29.85. Over the last five days, the stock has gained 1.81%. JFrog Ltd shares have fallen nearly -13.75% since the year began. Nevertheless, the stocks have risen 13.67% over the past one year. While a 52-week high of $48.81 was reached on 02/15/24, a 52-week low of $22.91 was recorded on 08/08/24. SMA at 50 days reached $28.79, while 200 days put it at $34.96.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 29.50, which if violated will result in even more drops to 29.15. On the upside, there is a resistance level at 30.10. A further resistance level may holdings at 30.35. The Relative Strength Index (RSI) on the 14-day chart is 52.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.13%. Stochastics %K at 20.25% 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 2024-10-15, growing by 0.67 million shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.27 million shares. There was a rise of 16.94%, 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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