Followers | 679 |
Posts | 141011 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Monday, October 23, 2023 2:52:56 PM
By: Schaeffer's Investment Research | October 23, 2023
• Okta's customer support system was breached by hackers
• Options traders and analysts are chiming in as well
Okta Inc (NASDAQ:OKTA) is down 9.3% at $68.55 at last glance, extending Friday's 11.6% slide after the company disclosed a cyber breach of its customer support system. Analysts were quick to comment on the news, with Evercore ISI moving the stock to its "tactical underperform" list, noting that the breach is the second in roughly two years. No fewer than three other analysts slashed their price targets as well.
Today's gap lower has OKTA breaking below its 320-day moving average, which kept last session's losses in check. On the short sell restricted (SSR) list amid the volatility, the shares are hovering around their 2023 breakeven level.
So far in the options pits today, 31,000 calls and 29,000 puts have been exchanged, which is seven times the average daily volume already. The weekly 10/27 80-strike call is the most active contract, with new positions being bought to open.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent OKTA News
- Okta to Announce First Quarter Fiscal Year 2025 Financial Results on May 29, 2024 • Business Wire • 05/01/2024 12:00:00 PM
- Canada’s Identity Theft Worries Mount with AI Progression, Okta Survey Finds • GlobeNewswire Inc. • 03/26/2024 12:00:00 PM
- Okta Ventures Unveils "The Identity 25" to Honor Pioneers Shaping the Future of Digital Identity • Business Wire • 03/19/2024 12:00:00 PM
- Okta Announces Availability of Fine Grained Authorization for Enhanced Security and Efficiency • Business Wire • 03/05/2024 01:00:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/01/2024 09:02:15 PM
- Okta to Present at Upcoming Investor Conferences • Business Wire • 02/29/2024 01:00:00 PM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- Okta Strengthens Go to Market Leadership with Executive Appointments • Business Wire • 02/28/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:02:31 PM
- Okta Announces Fourth Quarter And Fiscal Year 2024 Financial Results • Business Wire • 02/28/2024 09:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 10:17:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 09:01:16 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:47:19 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:46:15 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/07/2024 10:02:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:39:00 PM
- Okta to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 28, 2024 • Business Wire • 02/01/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/18/2024 11:37:34 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/16/2024 09:14:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 09:55:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:13:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:11:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:09:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:07:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:05:59 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM