Days-to-cover ratio for OKTA declines to 1.56 due to decline in short interest

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Okta Inc shares valued at $2,951,748 were sold by McKinnon Todd on Sep 22 ’25. At $92.33 per share, McKinnon Todd sold 31,968 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

Also, Kelleher Eric Robert sold 8,522 shares, netting a total of over 789,295 in proceeds. Following the sale of shares at $92.62 each, the insider now holds 9,174 shares.

Before that, Addison Jonathan James had sold 6,091 shares from its account. In a trade valued at $564,082, the Chief Revenue Officer traded Okta Inc shares for $92.61 each. Upon closing the transaction, the insider’s holdings decreased to 6,091 shares, worth approximately $0.64 million.

As published in a research note from BMO Capital Markets on August 27, 2025, Okta Inc [OKTA] has been retained to a Market perform and the price target has been revised to $112. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of August 25, 2025, Truist has increased its “Hold” rating to a “Buy” for OKTA. Earlier on July 07, 2025, Arete initiated its rating. Their recommendation was “a Sell” for OKTA stock.

Analyzing OKTA Stock Performance

On last trading session, Okta Inc [NASDAQ: OKTA] rose 1.47% to $91.19. The stock’s lowest price that day was $88.9, but it reached a high of $91.45 in the same session. During the last five days, there has been a drop of approximately -2.57%. Over the course of the year, Okta Inc shares have jumped approximately 19.70%. Shares of the company reached a 52-week high of $127.57 on 05/16/25 and a 52-week low of $78.44 on 01/02/25.

Support And Resistance Levels for Okta Inc (OKTA)

According to the 24-hour chart, there is a support level at 89.58, which, if violated, would cause prices to drop to 87.96. In the upper region, resistance lies at 92.13. The next price resistance is at 93.06. RSI (Relative Strength Index) is 48.04 on the 14-day chart, showing neutral technical sentiment.

Is Okta Inc subject to short interest?

Stocks of Okta Inc saw a sharp steep in short interest on 2025-08-29 dropping by -0.24 million shares to 6.84 million. Data from Yahoo Finance shows that the short interest on 2025-07-31 was 7.08 million shares. A decline of -3.55% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.56 of the overall float, the days-to-cover ratio (short ratio) decline to 1.56.

Which companies own the most shares of Okta Inc (OKTA)?

In terms of Okta Inc share price expectations, FactSet research, analysts set an average price target of 127 in the next 12 months, up nearly 41.32% from the previous closing price of $89.87. Analysts anticipate Okta Inc stock to reach 138 by 2025, with the lowest price target being 115. In spite of this, 30 analysts ranked Okta Inc stock as Buy at the end of 2025. On May 14, 2025, BMO Capital Markets assigned a price target of “a Market perform” to the stock and reiterated coverage with a $135.

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