Okta Inc’s recent filing unveils that its Director Kerrest Jacques Frederic unloaded Company’s shares for reported $12.09 million on Jan 28 ’25. In the deal valued at $93.00 per share,130,000 shares were sold. As a result of this transaction, Kerrest Jacques Frederic now holds 0 shares worth roughly $0.0.
Then, Kerrest Jacques Frederic sold 19,998 shares, generating $1,859,814 in total proceeds. Upon selling the shares at $93.00, the Director now owns 0 shares.
Before that, Tighe Brett sold 5,000 shares. Okta Inc shares valued at $472,815 were divested by the Chief Financial Officer at a price of $94.56 per share. As a result of the transaction, Tighe Brett now holds 102,533 shares, worth roughly $9.66 million.
Citigroup reiterated its Okta Inc [OKTA] rating to a Neutral in a research note published on January 17, 2025; the price target was $100. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid December from “a Sector weight” to “an Overweight”. JP Morgan also remained covering OKTA and has increased its forecast on December 16, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Bernstein revised its rating on December 05, 2024. It rated OKTA as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of OKTA
On Friday, Okta Inc [NASDAQ:OKTA] saw its stock jump 0.49% to $94.22. Over the last five days, the stock has gained 6.03%. Okta Inc shares have risen nearly 19.57% since the year began. Nevertheless, the stocks have risen 10.35% over the past one year. While a 52-week high of $114.50 was reached on 01/28/25, a 52-week low of $70.56 was recorded on 01/02/25. SMA at 50 days reached $83.31, while 200 days put it at $85.79.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 93.55, which if violated will result in even more drops to 92.89. On the upside, there is a resistance level at 95.06. A further resistance level may holdings at 95.91. The Relative Strength Index (RSI) on the 14-day chart is 71.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.31%. Stochastics %K at 86.15% indicates the stock is a selling.
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 Susquehanna resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $95.
