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Needham reiterates JFrog Ltd (FROG) rating to a Buy

JFrog Ltd’s recently made public that its Officer EDUARD GRABSCHEID acquired Company’s shares for reported $0.51 million on Feb 14 ’25. In the deal valued at $42.99 per share,11,942 shares were bought.

Then, Landman Yoav bought 50,000 shares, generating $1,992,869 in total proceeds.

Before that, Landman Yoav sold 24,652 shares. JFrog Ltd shares valued at $922,724 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $37.43 per share. As a result of the transaction, Landman Yoav now holds 6,526,901 shares, worth roughly $274.33 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 Tuesday, JFrog Ltd [NASDAQ:FROG] saw its stock jump 5.60% to $42.03. Over the last five days, the stock has gained 15.02%. JFrog Ltd shares have risen nearly 42.91% since the year began. Nevertheless, the stocks have risen 13.32% over the past one year. While a 52-week high of $48.81 was reached on 02/14/25, a 52-week low of $22.91 was recorded on 01/02/25. SMA at 50 days reached $33.03, while 200 days put it at $32.21.

Levels Of Support And Resistance For FROG Stock

The 24-hour chart illustrates a support level at 40.54, which if violated will result in even more drops to 39.05. On the upside, there is a resistance level at 42.83. A further resistance level may holdings at 43.63. The Relative Strength Index (RSI) on the 14-day chart is 82.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.09%. Stochastics %K at 74.44% indicates the stock is a holding.

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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