Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Okta Inc shares valued at $18,870,607 were purchased by Todd McKinnon on Dec 20 ’24. At $80.98 per share, Todd McKinnon acquired 233,028 shares.
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Also, Kerrest Jacques Frederic sold 131,426 shares, netting a total of over 10,602,884 in proceeds. Following the sale of shares at $80.68 each, the insider now holds 1,622 shares.
Before that, Kerrest Jacques Frederic had sold 37,909 shares from its account. In a trade valued at $3,048,835, the Director traded Okta Inc shares for $80.43 each. Upon closing the transaction, the insider’s holdings decreased to 37,909 shares, worth approximately $0.13 million.
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 -2.52%. Over the course of the year, Okta Inc shares have dropped approximately -8.02%. 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 $77.88, while a 200-day SMA reached $87.87. Nevertheless, trading volume fell to 1.7 million shares from 3.18 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 82.67, which, if violated, would cause prices to drop to 82.15. In the upper region, resistance lies at 83.92. The next price resistance is at 84.65. RSI (Relative Strength Index) is 55.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 68.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
