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 $199,556 were sold by Schwartz Larissa on Nov 04 ’24. At $71.50 per share, Schwartz Larissa sold 2,791 shares. The insider’s holdings dropped to 22,125 shares worth approximately $1.7 million following the completion of this transaction.
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Also, LARISSA N SCHWARTZ purchased 2,791 shares, netting a total of over 199,556 in proceeds.
Before that, McKinnon Todd had sold 224,533 shares from its account. In a trade valued at $16,755,557, the Chief Executive Officer traded Okta Inc shares for $74.62 each. Upon closing the transaction, the insider’s holdings decreased to 224,533 shares, worth approximately $0.0.
As published in a research note from Deutsche Bank on November 12, 2024, Okta Inc [OKTA] has been rated down from a Buy to a Hold and the price target has been revised to $85 from $115. As of August 29, 2024, BMO Capital Markets has reiterated its “Market perform” rating for OKTA. Earlier on August 29, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for OKTA stock which previously was a “a Buy”.
Analyzing OKTA Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, Okta Inc shares have dropped approximately -15.02%. 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 $74.50, while a 200-day SMA reached $89.43. Nevertheless, trading volume fell to 2.15 million shares from 1.4 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 75.99, which, if violated, would cause prices to drop to 75.05. In the upper region, resistance lies at 78.30. The next price resistance is at 79.67. RSI (Relative Strength Index) is 55.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.54, which suggests the price will increase in the coming days. Percent R is at 38.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
