Check Out What Whales Are Doing With OKTA
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Okta (NASDAQ:OKTA) through options trading, with 66% of trades being bearish. The stock is currently trading at $78.19, down by 1.66%, and analysts have mixed ratings with an average target price of $124.2.
August 30, 2024 | 3:01 pm
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Okta has seen a significant bearish sentiment from large investors, with 66% of options trades being bearish. The stock is currently down by 1.66% at $78.19. Analysts have mixed ratings, with an average target price of $124.2.
The article highlights a bearish sentiment from large investors towards Okta, with a majority of options trades being bearish. This suggests a potential short-term downward pressure on the stock price. Additionally, the stock is currently trading below analysts' average target price, indicating potential undervaluation but also reflecting current market skepticism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100