In a filing, Okta Inc revealed its Chief Executive Officer McKinnon Todd unloaded Company’s shares for reported $26.54 million on Mar 20 ’25. In the deal valued at $113.27 per share,234,289 shares were sold. As a result of this transaction, McKinnon Todd now holds 35,551 shares worth roughly $3.84 million.
Then, Kerrest Jacques Frederic sold 1,737 shares, generating $196,781 in total proceeds. Upon selling the shares at $113.29, the Director now owns 0 shares.
Before that, Schwartz Larissa sold 11,552 shares. Okta Inc shares valued at $1,317,968 were divested by the insider at a price of $114.09 per share. As a result of the transaction, Schwartz Larissa now holds 22,125 shares, worth roughly $2.39 million.
A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Market perform”‘ rating for it. Mizuho also remained covering OKTA and has increased its forecast on March 04, 2025 with a “an Outperform” recommendation from previously “Neutral” rating. DA Davidson revised its rating on March 04, 2025. It rated OKTA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OKTA
On Friday, Okta Inc [NASDAQ:OKTA] saw its stock fall -2.89% to $107.99. Over the last five days, the stock has lost -5.06%. Okta Inc shares have risen nearly 37.04% since the year began. Nevertheless, the stocks have risen 3.41% over the past one year. While a 52-week high of $118.07 was reached on 03/24/25, a 52-week low of $70.56 was recorded on 01/02/25. SMA at 50 days reached $100.12, while 200 days put it at $87.34.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 106.14, which if violated will result in even more drops to 104.28. On the upside, there is a resistance level at 111.02. A further resistance level may holdings at 114.04. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.82%. Stochastics %K at 46.72% indicates the stock is a holding.
How much short interest is there in Okta Inc?
A steep rise in short interest was recorded in Okta Inc stocks on 2025-03-14, dropping by 46102.0 shares to a total of 4.93 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.98 million shares. There was a decline of -0.93%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 17, 2025 when Citigroup resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $100.
