In a filing, Okta Inc revealed its Officer LARISSA N SCHWARTZ acquired Company’s shares for reported $0.2 million on Nov 04 ’24. In the deal valued at $71.50 per share,2,791 shares were bought.
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Then, McKinnon Todd sold 224,533 shares, generating $16,755,557 in total proceeds. Upon selling the shares at $74.62, the Chief Executive Officer now owns 0 shares.
Before that, Addison Jonathan James sold 9,850 shares. Okta Inc shares valued at $764,648 were divested by the Chief Revenue Officer at a price of $77.63 per share. As a result of the transaction, Addison Jonathan James now holds 14,601 shares, worth roughly $1.07 million.
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 jump 0.01% to $73.24. Over the last five days, the stock has lost -0.01%. Okta Inc shares have fallen nearly -19.10% since the year began. Nevertheless, the stocks have risen 7.72% 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 $75.68, while 200 days put it at $89.75.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 71.55, which if violated will result in even more drops to 69.85. On the upside, there is a resistance level at 74.31. A further resistance level may holdings at 75.37. The Relative Strength Index (RSI) on the 14-day chart is 44.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.95%. Stochastics %K at 18.70% 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 2024-10-15, dropping by -0.55 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.12 million shares. There was a decline of -15.28%, which implies that there is a negative sentiment for the stock.
