In a filing, Okta Inc revealed its Chief Executive Officer McKinnon Todd unloaded Company’s shares for reported $8.8 million on Jul 22 ’24. In the deal valued at $94.92 per share,92,729 shares were sold. As a result of this transaction, McKinnon Todd now holds 0 shares worth roughly $0.0.
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Then, McKinnon Todd sold 179,687 shares, generating $16,786,840 in total proceeds. Upon selling the shares at $93.42, the Chief Executive Officer now owns 47,883 shares.
Before that, Kerrest Jacques Frederic sold 26,618 shares. Okta Inc shares valued at $2,669,437 were divested by the Director at a price of $100.29 per share. As a result of the transaction, Kerrest Jacques Frederic now holds 0 shares, worth roughly $0.0.
Evercore ISI upgraded its Okta Inc [OKTA] rating to an Outperform from a an In-line in a research note published on May 30, 2024; the price target was increased to $122 from $102. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late February from “an Underperform” to “a Buy”. Mizuho also remained covering OKTA and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on January 05, 2024. It rated OKTA as “a Hold” which previously was an “a Buy”.
Price Performance Review of OKTA
On Friday, Okta Inc [NASDAQ:OKTA] saw its stock fall -5.13% to $86.69. Over the last five days, the stock has lost -7.26%. Okta Inc shares have fallen nearly -4.24% since the year began. Nevertheless, the stocks have risen 19.84% over the past one year. While a 52-week high of $114.50 was reached on 03/08/24, a 52-week low of $65.04 was recorded on 02/21/24. SMA at 50 days reached $92.38, while 200 days put it at $88.78. A total of 2.15 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 85.26, which if violated will result in even more drops to 83.82. On the upside, there is a resistance level at 88.89. A further resistance level may holdings at 91.08. The Relative Strength Index (RSI) on the 14-day chart is 35.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.45%. Stochastics%K at 14.91% indicates the stock is a buying.
The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Neutral”‘ rating along with a $75 price target.
