Publish date:

Okta, Splunk and Anaplan: Midday Tech Stock Movers

Stocks rise Friday led by a rally in the tech sector.

Stocks rose Friday as tech shares rallied, and as investors evaluated news of a possible U.S. stimulus package. 

Here are some of the biggest tech movers for Friday, Sept. 25. 


Shares of Okta  (OKTA) - Get Okta, Inc. Class A Report rose 5% to $214.72 on Friday. The cloud software company announced that Susan St. Ledger, a veteran of Salesforce  (CRM) - Get, inc. Report and Splunk  (SPLK) - Get Splunk Inc. Report, would join Okta's executive management team as president of worldwide field operations. Shares of Okta have risen 80% year to date


Shares of Splunk rose 4% to $182.94 on Friday after Baird analyst initiated coverage of the big data company with an outperform rating and $240 price target, praising Splunk's "cloud momentum, its continued leadership in security, and investments the company has made in IT Operations/observability." 

TheStreet Recommends


Shares of Anaplan  (PLAN) - Get Anaplan, Inc. Report rose 4.7% to $61.88 on Friday, having rallied around 30% overall since its second quarter earnings report revealed a smaller-than-expected loss and robust forward-looking guidance. Earlier this week, Anaplan and Google announced a partnership that will integrate Anaplan's enterprise software in Google Cloud. 


Shares of Micron  (MU) - Get Micron Technology, Inc. (MU) Report fell ahead of its fiscal fourth quarter earnings report expected Sept. 29. On average, Wall Street analysts are expecting non-GAAP adjusted earnings per share of 98 cents, and total sales of $5.9 billion. 


Shares of Eventbrite fell 4% to $10.26 on Friday. Last week, Eventbrite said that paid ticketing trends were improving month over month, but that paid business was still down 65% on an annual basis as of August.