Check Out What Whales Are Doing With OKTA - Okta (NASDAQ:OKTA)

Core Insights - High-profile investors are taking a bearish stance on Okta, indicating potential insider knowledge or significant market sentiment shifts [1] - The options trading sentiment is predominantly bearish, with 60% of trades reflecting this outlook [2] - Significant investors are targeting a price range of $87.5 to $100.0 for Okta over the past three months [3] Options Activity - A total of 15 options trades were identified for Okta, with one put option valued at $45,000 and 14 call options totaling $590,211 [2] - Noteworthy options activity includes various trades with mixed sentiments, including bullish, bearish, and neutral positions [10] - The trading volume for Okta stands at 1,535,781, with the stock price currently at $93.21, reflecting a decrease of 0.46% [15] Analyst Ratings - Recent analyst ratings show a mixed outlook, with an average target price of $133.0 from four experts [12] - Specific ratings include a downgrade to Buy with a new target of $142 from BTIG, while DA Davidson maintains a Buy rating at $140 [13] - Baird holds an Outperform rating with a target price of $135, and RBC Capital downgraded to Outperform with a target of $115 [13] Company Overview - Okta is a cloud-native security company specializing in identity and access management, serving both workforce and customer segments [11]