Okta Inc’s recent filing unveils that its insider Schwartz Larissa unloaded Company’s shares for reported $0.22 million on Dec 30 ’24. In the deal valued at $80.50 per share,2,704 shares were sold. As a result of this transaction, Schwartz Larissa now holds 24,462 shares worth roughly $2.04 million.
Then, LARISSA SCHWARTZ bought 2,704 shares, generating $220,755 in total proceeds.
Before that, McKinnon Todd sold 233,028 shares. Okta Inc shares valued at $19,180,332 were divested by the Chief Executive Officer at a price of $82.31 per share. As a result of the transaction, McKinnon Todd now holds 0 shares, worth roughly $0.0.
KeyBanc Capital Markets upgraded its Okta Inc [OKTA] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Bernstein also remained covering OKTA and has increased its forecast on December 05, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Susquehanna maintained its rating on December 04, 2024. It rated OKTA as “a Neutral”.
Price Performance Review of OKTA
On Monday, Okta Inc [NASDAQ:OKTA] saw its stock fall -1.04% to $83.49. Over the last five days, the stock has gained 3.38%. Okta Inc shares have risen nearly 5.95% since the year began. Nevertheless, the stocks have fallen -0.55% over the past one year. While a 52-week high of $114.50 was reached on 01/07/25, a 52-week low of $70.56 was recorded on 01/02/25. SMA at 50 days reached $79.67, while 200 days put it at $86.55.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 82.00, which if violated will result in even more drops to 80.51. On the upside, there is a resistance level at 84.34. A further resistance level may holdings at 85.19. The Relative Strength Index (RSI) on the 14-day chart is 54.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.52%. Stochastics %K at 70.98% 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 Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $115.
