Okta Inc’s recently made public that its Director Kerrest Jacques Frederic unloaded Company’s shares for reported $15.99 million on Mar 05 ’25. In the deal valued at $111.14 per share,143,852 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 130,000 shares, generating $13,650,000 in total proceeds. Upon selling the shares at $105.00, the Director now owns 0 shares.
Before that, Kerrest Jacques Frederic sold 20,013 shares. Okta Inc shares valued at $2,221,466 were divested by the Director at a price of $111.00 per share. As a result of the transaction, Kerrest Jacques Frederic now holds 0 shares, worth roughly $0.0.
Mizuho upgraded its Okta Inc [OKTA] rating to an Outperform from a a Neutral in a research note published on March 04, 2025; the price target was increased to $127 from $110. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Citigroup also remained covering OKTA and reiterated its “Neutral” recommendation on January 17, 2025. KeyBanc Capital Markets revised its rating on December 19, 2024. It rated OKTA as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of OKTA
On Friday, Okta Inc [NASDAQ:OKTA] saw its stock jump 1.10% to $112.44. Over the last five days, the stock has gained 24.26%. Okta Inc shares have risen nearly 42.69% since the year began. Nevertheless, the stocks have risen 5.09% over the past one year. While a 52-week high of $116.96 was reached on 03/06/25, a 52-week low of $70.56 was recorded on 01/02/25. SMA at 50 days reached $91.39, while 200 days put it at $85.95.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 108.53, which if violated will result in even more drops to 104.62. On the upside, there is a resistance level at 115.49. A further resistance level may holdings at 118.54. The Relative Strength Index (RSI) on the 14-day chart is 68.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.03%. Stochastics %K at 88.14% indicates the stock is a selling.
