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JFrog Ltd (FROG) may enjoy gains as insiders got busy in the recent days

JFrog Ltd’s recent filing unveils that its Director MENASHE EZRA acquired Company’s shares for reported $0.78 million on Dec 06 ’24. In the deal valued at $31.29 per share,25,000 shares were bought.

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Then, YOSEPH SELA bought 25,000 shares, generating $782,352 in total proceeds.

Before that, Sela Yossi sold 25,000 shares. JFrog Ltd shares valued at $796,500 were divested by the Director at a price of $31.86 per share. As a result of the transaction, Sela Yossi now holds 355,129 shares, worth roughly $11.09 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 Friday, JFrog Ltd [NASDAQ:FROG] saw its stock jump 0.74% to $31.23. Over the last five days, the stock has gained 0.26%. JFrog Ltd shares have fallen nearly -9.77% since the year began. Nevertheless, the stocks have risen 6.77% 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 $30.29, while 200 days put it at $34.31.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 30.89, which if violated will result in even more drops to 30.55. On the upside, there is a resistance level at 31.62. A further resistance level may holdings at 32.01. The Relative Strength Index (RSI) on the 14-day chart is 52.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.66%. Stochastics %K at 52.85% 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 2024-11-15, dropping by -0.27 million shares to a total of 3.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.94 million shares. There was a decline of -7.39%, 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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