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 $16,755,557 were sold by McKinnon Todd on Oct 18 ’24. At $74.62 per share, McKinnon Todd sold 224,533 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Addison Jonathan James sold 9,850 shares, netting a total of over 764,648 in proceeds. Following the sale of shares at $77.63 each, the insider now holds 14,601 shares.
Before that, Schwartz Larissa had sold 2,797 shares from its account. In a trade valued at $217,131, the insider traded Okta Inc shares for $77.63 each. Upon closing the transaction, the insider’s holdings decreased to 2,797 shares, worth approximately $1.79 million.
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 -0.36%. Over the course of the year, Okta Inc shares have dropped approximately -20.59%. 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 $76.67, while a 200-day SMA reached $89.83. Nevertheless, trading volume fell to 1.64 million shares from 1.16 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 71.38, which, if violated, would cause prices to drop to 70.87. In the upper region, resistance lies at 72.50. The next price resistance is at 73.12. RSI (Relative Strength Index) is 38.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.41, which suggests the price will decrease in the coming days. Percent R is at 94.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
