Okta Inc’s recently made public that its Director Kerrest Jacques Frederic unloaded Company’s shares for reported $10.6 million on Dec 02 ’24. In the deal valued at $80.68 per share,131,426 shares were sold. As a result of this transaction, Kerrest Jacques Frederic now holds 1,622 shares worth roughly $0.14 million.
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Then, Kerrest Jacques Frederic sold 37,909 shares, generating $3,048,835 in total proceeds. Upon selling the shares at $80.43, the Director now owns 1,622 shares.
Before that, Jacques F Kerrest bought 169,335 shares. Okta Inc shares valued at $13,690,735 were divested by the Officer at a price of $80.85 per share.
JP Morgan upgraded its Okta Inc [OKTA] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in early December from “a Mkt perform” to “an Outperform”. Susquehanna also remained covering OKTA and reiterated its “Neutral” recommendation on December 04, 2024. Stifel maintained its rating on December 04, 2024. It rated OKTA as “a Buy”.
Price Performance Review of OKTA
On Monday, Okta Inc [NASDAQ:OKTA] saw its stock jump 3.38% to $84.76. Over the last five days, the stock has gained 1.88%. Okta Inc shares have fallen nearly -6.37% since the year began. Nevertheless, the stocks have risen 4.56% over the past one year. While a 52-week high of $114.50 was reached on 03/08/24, a 52-week low of $70.56 was recorded on 09/10/24. SMA at 50 days reached $77.00, while 200 days put it at $88.65.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 83.74, which if violated will result in even more drops to 82.72. On the upside, there is a resistance level at 85.55. A further resistance level may holdings at 86.34. The Relative Strength Index (RSI) on the 14-day chart is 61.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.13%. Stochastics %K at 52.61% 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 December 04, 2024 when Robert W. Baird resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $105.
