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 $764,648 were sold by Addison Jonathan James on Oct 14 ’24. At $77.63 per share, Addison Jonathan James sold 9,850 shares. The insider’s holdings dropped to 14,601 shares worth approximately $1.09 million following the completion of this transaction.
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Also, Schwartz Larissa sold 2,797 shares, netting a total of over 217,131 in proceeds. Following the sale of shares at $77.63 each, the insider now holds 24,916 shares.
Before that, LARISSA N SCHWARTZ had added 2,797 shares to its account. In a trade valued at $217,131, the Officer bought Okta Inc shares for $77.63 each.
Analysts at BMO Capital Markets resumed the stock at ‘”a Market perform”‘ outlook in a report released in late August. As of August 29, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for OKTA. Earlier on May 30, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for OKTA stock which previously was a “an In-line”.
Analyzing OKTA Stock Performance
During the last five days, there has been a drop of approximately -4.47%. Over the course of the year, Okta Inc shares have dropped approximately -17.76%. 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 $80.95, while a 200-day SMA reached $90.35. Nevertheless, trading volume fell to 3.4 million shares from 4.05 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 73.86, which, if violated, would cause prices to drop to 73.27. In the upper region, resistance lies at 75.56. The next price resistance is at 76.66. RSI (Relative Strength Index) is 43.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 62.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
