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 $7,312,402 were purchased by Kerrest Jacques Frederic on Feb 05 ’25. At $97.50 per share, Kerrest Jacques Frederic acquired 74,999 shares.
Also, Tighe Brett sold 5,000 shares, netting a total of over 473,801 in proceeds. Following the sale of shares at $94.76 each, the insider now holds 97,533 shares.
Before that, Kerrest Jacques Frederic had sold 130,000 shares from its account. In a trade valued at $12,090,000, the Director traded Okta Inc shares for $93.00 each. Upon closing the transaction, the insider’s holdings decreased to 130,000 shares, worth approximately $0.0.
As published in a research note from Citigroup on January 17, 2025, Okta Inc [OKTA] has been retained to a Neutral and the price target has been revised to $100. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 16, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for OKTA. Earlier on December 05, 2024, Bernstein upgraded its rating. Their new recommendation was “an Outperform” for OKTA stock which previously was a “a Mkt perform”.
Analyzing OKTA Stock Performance
During the last five days, there has been a surge of approximately 3.67%. Over the course of the year, Okta Inc shares have jumped approximately 23.67%. Shares of the company reached a 52-week high of $98.41 on 02/05/25 and a 52-week low of $78.44 on 01/02/25. A 50-day SMA is recorded $84.59, while a 200-day SMA reached $85.81. Nevertheless, trading volume fell to 2.41 million shares from 2.0 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 95.09, which, if violated, would cause prices to drop to 92.73. In the upper region, resistance lies at 99.11. The next price resistance is at 100.77. RSI (Relative Strength Index) is 74.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.55, which suggests the price will increase in the coming days. Percent R is at 6.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
