Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Okta Inc shares valued at $206,488 were sold by Schwartz Larissa on Sep 16 ’24. At $74.01 per share, Schwartz Larissa sold 2,790 shares. The insider’s holdings dropped to 27,713 shares worth approximately $2.08 million following the completion of this transaction.
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Also, LARISSA N SCHWARTZ purchased 2,790 shares, netting a total of over 206,488 in proceeds.
Before that, Schwartz Larissa had sold 2,795 shares from its account. In a trade valued at $257,196, the insider traded Okta Inc shares for $92.02 each. Upon closing the transaction, the insider’s holdings decreased to 2,795 shares, worth approximately $2.03 million.
As published in a research note from BMO Capital Markets on August 29, 2024, Okta Inc [OKTA] has been retained to a Market perform and the price target has been revised to $103. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in late August. As of May 30, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for OKTA. Earlier on February 29, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for OKTA stock which previously was a “an Underperform”.
Analyzing OKTA Stock Performance
During the last five days, there has been a surge of approximately 2.07%. Over the course of the year, Okta Inc shares have dropped approximately -17.13%. Shares of the company reached a 52-week high of $114.50 on 03/08/24 and a 52-week low of $70.56 on 09/10/24. A 50-day SMA is recorded $88.06, while a 200-day SMA reached $91.07. Nevertheless, trading volume fell to 1.94 million shares from 2.56 million shares the previous day.
Support And Resistance Levels for Okta Inc (OKTA)
According to the 24-hour chart, there is a support level at 74.51, which, if violated, would cause prices to drop to 74.00. In the upper region, resistance lies at 75.84. The next price resistance is at 76.65. RSI (Relative Strength Index) is 33.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 56.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
