Okta Inc’s recent filing unveils that its insider Schwartz Larissa unloaded Company’s shares for reported $0.95 million on Feb 13 ’25. In the deal valued at $100.00 per share,9,507 shares were sold. As a result of this transaction, Schwartz Larissa now holds 38,629 shares worth roughly $3.51 million.
Then, Kerrest Jacques Frederic sold 65,000 shares, generating $6,532,500 in total proceeds. Upon selling the shares at $100.50, the Director now owns 0 shares.
Before that, Kerrest Jacques Frederic sold 9,999 shares. Okta Inc shares valued at $1,004,900 were divested by the Director at a price of $100.50 per share. As a result of the transaction, Kerrest Jacques Frederic now holds 0 shares, worth roughly $0.0.
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 fall -2.02% to $90.88. Over the last five days, the stock has lost -5.62%. Okta Inc shares have risen nearly 15.33% since the year began. Nevertheless, the stocks have risen 11.95% over the past one year. While a 52-week high of $114.50 was reached on 02/13/25, a 52-week low of $70.56 was recorded on 01/02/25. SMA at 50 days reached $88.51, while 200 days put it at $85.94.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 88.67, which if violated will result in even more drops to 86.45. On the upside, there is a resistance level at 93.28. A further resistance level may holdings at 95.67. The Relative Strength Index (RSI) on the 14-day chart is 44.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.72%. Stochastics %K at 23.31% indicates the stock is a holding.
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.
