Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Okta Inc shares valued at $950,701 were sold by Schwartz Larissa on Feb 13 ’25. At $100.00 per share, Schwartz Larissa sold 9,507 shares. The insider’s holdings dropped to 38,629 shares worth approximately $3.68 million following the completion of this transaction.
Also, Kerrest Jacques Frederic sold 65,000 shares, netting a total of over 6,532,500 in proceeds. Following the sale of shares at $100.50 each, the insider now holds 0 shares.
Before that, Kerrest Jacques Frederic had sold 9,999 shares from its account. In a trade valued at $1,004,900, the Director traded Okta Inc shares for $100.50 each. Upon closing the transaction, the insider’s holdings decreased to 9,999 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 drop of approximately -3.12%. Over the course of the year, Okta Inc shares have jumped approximately 20.80%. 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 $88.20, while a 200-day SMA reached $86.00. Nevertheless, trading volume fell to 1.5 million shares from 1.54 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 93.57, which, if violated, would cause prices to drop to 91.95. In the upper region, resistance lies at 96.97. The next price resistance is at 98.74. RSI (Relative Strength Index) is 55.55 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 60.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
