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JFrog Ltd (FROG) receives a Buy rating from Needham

JFrog Ltd’s recently made public that its CHIEF FINANCIAL OFFICER Grabscheid Eduard unloaded Company’s shares for reported $10587.0 on Nov 18 ’24. In the deal valued at $30.51 per share,347 shares were sold. As a result of this transaction, Grabscheid Eduard now holds 98,094 shares worth roughly $3.14 million.

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Then, Simon Frederic sold 35,000 shares, generating $1,080,100 in total proceeds. Upon selling the shares at $30.86, the Director now owns 4,514,432 shares.

Before that, Landman Yoav sold 15,000 shares. JFrog Ltd shares valued at $471,750 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $31.45 per share. As a result of the transaction, Landman Yoav now holds 6,597,242 shares, worth roughly $211.31 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 -0.37% to $32.03. Over the last five days, the stock has gained 6.20%. JFrog Ltd shares have fallen nearly -7.45% since the year began. Nevertheless, the stocks have risen 19.51% 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 $29.85, while 200 days put it at $34.71.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 31.51, which if violated will result in even more drops to 30.99. On the upside, there is a resistance level at 32.83. A further resistance level may holdings at 33.63. The Relative Strength Index (RSI) on the 14-day chart is 59.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.83%. Stochastics %K at 69.86% 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 2024-10-31, dropping by -0.15 million shares to a total of 3.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.54 million shares. There was a decline of -4.42%, which implies that there is a negative 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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