Okta Inc’s filing revealed that its Chief Revenue Officer Addison Jonathan James unloaded Company’s shares for reported $0.76 million on Oct 14 ’24. In the deal valued at $77.63 per share,9,850 shares were sold. As a result of this transaction, Addison Jonathan James now holds 14,601 shares worth roughly $1.08 million.
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Then, Schwartz Larissa sold 2,797 shares, generating $217,131 in total proceeds. Upon selling the shares at $77.63, the insider now owns 24,916 shares.
Before that, LARISSA N SCHWARTZ bought 2,797 shares. Okta Inc shares valued at $217,131 were divested by the Officer at a price of $77.63 per share.
A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Market perform”‘ rating for it. BofA Securities also remained covering OKTA and has decreased its forecast on August 29, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Evercore ISI revised its rating on May 30, 2024. It rated OKTA as “an Outperform” which previously was an “an In-line”.
Price Performance Review of OKTA
On Monday, Okta Inc [NASDAQ:OKTA] saw its stock fall -1.04% to $74.04. Over the last five days, the stock has lost -5.04%. Okta Inc shares have fallen nearly -18.21% since the year began. Nevertheless, the stocks have fallen -13.36% 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 $80.34, while 200 days put it at $90.25.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 73.38, which if violated will result in even more drops to 72.72. On the upside, there is a resistance level at 75.25. A further resistance level may holdings at 76.46. The Relative Strength Index (RSI) on the 14-day chart is 42.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.88%. Stochastics %K at 37.08% indicates the stock is a holding.
How much short interest is there in Okta Inc?
A steep rise in short interest was recorded in Okta Inc stocks on 2024-09-30, dropping by -0.82 million shares to a total of 3.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.5 million shares. There was a decline of -22.13%, which implies that there is a negative sentiment for the stock.
