Okta Inc’s recent filing unveils that 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 $3.27 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 $2.03 million.
Stephens initiated its Okta Inc [OKTA] rating to an Equal-weight in a research note published on April 01, 2025; the price target was $127. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. BMO Capital Markets maintained its rating on March 10, 2025. It rated OKTA as “a Market perform”.
Price Performance Review of OKTA
On Friday, Okta Inc [NASDAQ:OKTA] saw its stock fall -8.32% to $91.93. Over the last five days, the stock has lost -14.87%. Okta Inc shares have risen nearly 16.66% since the year began. Nevertheless, the stocks have fallen -10.01% 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 $101.49, while 200 days put it at $87.64.
Levels Of Support And Resistance For OKTA Stock
The 24-hour chart illustrates a support level at 88.48, which if violated will result in even more drops to 85.02. On the upside, there is a resistance level at 96.27. A further resistance level may holdings at 100.60. The Relative Strength Index (RSI) on the 14-day chart is 33.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.05%. Stochastics %K at 13.33% indicates the stock is a buying.
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.
