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 $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 $0.13 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 KeyBanc Capital Markets on December 19, 2024, Okta Inc [OKTA] has been rated up from a Sector weight to an Overweight and the price target has been revised to $115. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 05, 2024, Bernstein has increased its “Mkt perform” rating to a “an Outperform” for OKTA. Earlier on December 04, 2024, Susquehanna resumed its rating. Their recommendation was “a Neutral” for OKTA stock.
Analyzing OKTA Stock Performance
During the last five days, there has been a drop of approximately -2.65%. Over the course of the year, Okta Inc shares have dropped approximately -9.76%. 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 $77.54, while a 200-day SMA reached $88.27. Nevertheless, trading volume fell to 3.26 million shares from 3.94 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 80.27, which, if violated, would cause prices to drop to 78.86. In the upper region, resistance lies at 83.69. The next price resistance is at 85.70. RSI (Relative Strength Index) is 52.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 80.10%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
