The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $1.67 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 their initiating research note from Barclays on November 19, 2024, Okta Inc [OKTA] has been an Equal weight and the price target has been revised to $81. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. Earlier on August 29, 2024, BMO Capital Markets resumed its rating. Their recommendation was “a Market perform” for OKTA stock.
Analyzing OKTA Stock Performance
During the last five days, there has been a drop of approximately -1.92%. Over the course of the year, Okta Inc shares have dropped approximately -16.66%. 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 $74.67, while a 200-day SMA reached $89.21. Nevertheless, trading volume fell to 6.45 million shares from 2.09 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 73.99, which, if violated, would cause prices to drop to 72.52. In the upper region, resistance lies at 77.09. The next price resistance is at 78.72. RSI (Relative Strength Index) is 50.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 53.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
