Okta Inc’s recently made public that its Officer Jacques F Kerrest acquired Company’s shares for reported $13.69 million on Dec 02 ’24. In the deal valued at $80.85 per share,169,335 shares were bought.
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Then, Schwartz Larissa sold 2,791 shares, generating $199,556 in total proceeds. Upon selling the shares at $71.50, the insider now owns 22,125 shares.
Before that, LARISSA N SCHWARTZ bought 2,791 shares. Okta Inc shares valued at $199,556 were divested by the Officer at a price of $71.50 per share.
Morgan Stanley upgraded its Okta Inc [OKTA] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid November with a ‘”an Equal weight”‘ rating. Deutsche Bank also remained covering OKTA and has decreased its forecast on November 12, 2024 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of OKTA
On Monday, Okta Inc [NASDAQ:OKTA] saw its stock jump 4.24% to $80.85. Over the last five days, the stock has gained 5.59%. Okta Inc shares have fallen nearly -10.69% since the year began. Nevertheless, the stocks have risen 20.58% 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 $75.03, while 200 days put it at $88.94.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 79.60, which if violated will result in even more drops to 78.35. On the upside, there is a resistance level at 81.77. A further resistance level may holdings at 82.69. The Relative Strength Index (RSI) on the 14-day chart is 66.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.15%. Stochastics %K at 69.99% 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 2024-11-15, dropping by -0.73 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.57 million shares. There was a decline of -25.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 29, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $103.
