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 $10,602,884 were sold by Kerrest Jacques Frederic on Dec 02 ’24. At $80.68 per share, Kerrest Jacques Frederic sold 131,426 shares. The insider’s holdings dropped to 1,622 shares worth approximately $0.14 million following the completion of this transaction.
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Also, Kerrest Jacques Frederic sold 37,909 shares, netting a total of over 3,048,835 in proceeds. Following the sale of shares at $80.43 each, the insider now holds 1,622 shares.
Before that, Jacques F Kerrest had added 169,335 shares to its account. In a trade valued at $13,690,735, the Officer bought Okta Inc shares for $80.85 each.
As published in a research note from Bernstein on December 05, 2024, Okta Inc [OKTA] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $129 from $123. Analysts at Susquehanna resumed the stock at ‘”a Neutral”‘ outlook in a report released in early December. As of December 04, 2024, Stifel has reiterated its “Buy” rating for OKTA. Earlier on December 04, 2024, Robert W. Baird resumed its rating. Their recommendation was “an Outperform” for OKTA stock.
Analyzing OKTA Stock Performance
During the last five days, there has been a surge of approximately 9.28%. Over the course of the year, Okta Inc shares have dropped approximately -7.75%. 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 $75.51, while a 200-day SMA reached $88.93. Nevertheless, trading volume fell to 6.79 million shares from 16.79 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 81.30, which, if violated, would cause prices to drop to 79.08. In the upper region, resistance lies at 87.76. The next price resistance is at 92.02. RSI (Relative Strength Index) is 65.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.19, which suggests the price will increase in the coming days. Percent R is at 40.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
