Okta Inc’s filing revealed that its insider Schwartz Larissa unloaded Company’s shares for reported $0.26 million on Aug 13 ’24. In the deal valued at $92.02 per share,2,795 shares were sold. As a result of this transaction, Schwartz Larissa now holds 27,014 shares worth roughly $2.0 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, LARISSA N SCHWARTZ bought 2,795 shares, generating $257,196 in total proceeds.
Before that, McKinnon Todd sold 179,687 shares. Okta Inc shares valued at $16,786,840 were divested by the Chief Executive Officer at a price of $93.42 per share. As a result of the transaction, McKinnon Todd now holds 47,883 shares, worth roughly $3.55 million.
BMO Capital Markets reiterated its Okta Inc [OKTA] rating to a Market perform in a research note published on August 29, 2024; the price target was $103. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “an Underperform”. Evercore ISI also remained covering OKTA and has increased its forecast on May 30, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. BofA Securities revised its rating on February 29, 2024. It rated OKTA as “a Buy” which previously was an “an Underperform”.
Price Performance Review of OKTA
On Friday, Okta Inc [NASDAQ:OKTA] saw its stock jump 0.76% to $74.06. Over the last five days, the stock has gained 2.22%. Okta Inc shares have fallen nearly -18.19% since the year began. Nevertheless, the stocks have fallen -15.30% 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 09/10/24. SMA at 50 days reached $89.76, while 200 days put it at $91.00.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 73.40, which if violated will result in even more drops to 72.73. On the upside, there is a resistance level at 74.91. A further resistance level may holdings at 75.75. The Relative Strength Index (RSI) on the 14-day chart is 29.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.07%. Stochastics %K at 10.47% indicates the stock is a buying.
How much short interest is there in Okta Inc?
A steep rise in short interest was recorded in Okta Inc stocks on 2024-08-30, dropping by 131.0 shares to a total of 4.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.5 million shares.
