Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Okta Inc shares valued at $267,397 were sold by Schwartz Larissa on Feb 11 ’25. At $97.59 per share, Schwartz Larissa sold 2,740 shares. The insider’s holdings dropped to 22,125 shares worth approximately $2.22 million following the completion of this transaction.
Also, Kerrest Jacques Frederic purchased 74,999 shares, netting a total of over 7,409,901 in proceeds.
Before that, LARISSA SCHWARTZ had added 9,507 shares to its account. In a trade valued at $934,158, the Officer bought Okta Inc shares for $98.26 each.
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 2.86%. Over the course of the year, Okta Inc shares have jumped approximately 27.23%. Shares of the company reached a 52-week high of $100.60 on 02/13/25 and a 52-week low of $78.44 on 01/02/25. A 50-day SMA is recorded $87.14, while a 200-day SMA reached $85.94. Nevertheless, trading volume fell to 2.76 million shares from 2.1 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 98.37, which, if violated, would cause prices to drop to 96.47. In the upper region, resistance lies at 101.38. The next price resistance is at 102.49. RSI (Relative Strength Index) is 73.14 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.43, which suggests the price will increase in the coming days. Percent R is at 2.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
