Okta Inc’s recent filing unveils that its insider Schwartz Larissa unloaded 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 sold. As a result of this transaction, Schwartz Larissa now holds 22,125 shares worth roughly $1.69 million.
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Then, LARISSA N SCHWARTZ bought 2,791 shares, generating $199,556 in total proceeds.
Before that, McKinnon Todd sold 224,533 shares. Okta Inc shares valued at $16,755,557 were divested by the Chief Executive Officer at a price of $74.62 per share. As a result of the transaction, McKinnon Todd now holds 0 shares, worth roughly $0.0.
Barclays initiated its Okta Inc [OKTA] rating to an Equal weight in a research note published on November 19, 2024; the price target was $81. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. BMO Capital Markets maintained its rating on August 29, 2024. It rated OKTA as “a Market perform”.
Price Performance Review of OKTA
On Monday, Okta Inc [NASDAQ:OKTA] saw its stock fall -0.09% to $76.50. Over the last five days, the stock has gained 4.97%. Okta Inc shares have fallen nearly -15.50% since the year began. Nevertheless, the stocks have risen 4.44% over the past one year. While a 52-week high of $114.50 was reached on 03/08/24, a 52-week low of $66.69 was recorded on 09/10/24. SMA at 50 days reached $74.77, while 200 days put it at $89.11.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 75.45, which if violated will result in even more drops to 74.39. On the upside, there is a resistance level at 78.24. A further resistance level may holdings at 79.97. The Relative Strength Index (RSI) on the 14-day chart is 54.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.46%. Stochastics %K at 50.71% 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 2024-10-31, dropping by -0.65 million shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.68 million shares. There was a decline of -21.34%, which implies that there is a negative sentiment for the stock.
