Okta Inc. (NASDAQ:OKTA) saw an upside of 4.12% to close Tuesday at $235.17 after adding $9.31 on the day. The 5-day average trading volume is 1,282,620 shares of the company’s common stock. It has gained $237.45 in the past week. An average of 1,337,380 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,486,740.
OKTA’s 1-month performance is -5.75% or -$18.81 on its low of $223.54 reached on 10/04/21. The company’s shares have touched a 52-week low of $199.08 and high of $294.00, with the stock’s rally to the 52-week high happening on 02/12/21. YTD, OKTA has lost -7.51% or -$19.09. However, the current price is down -20.01%% from the 52-week high price.
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On Sep 20, 23 days have gone by since the last insider trading activity for Okta Inc. (OKTA). McKinnon Todd (Chief Executive Officer) most recently sold 18,474 shares at $253.05 per share on Sep 20. This transaction cost the insider $4,674,853. See Remarks, Kerrest Jacques Frederic, sold 2,938 shares at a price of $256.54 on Sep 17. Then, on Sep 17, See Remarks Kerrest Jacques Frederic sold 3,482 shares at a price of $256.50 per share. This transaction amounted to $893,135.
Okta Inc. (OKTA) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.OKTA stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 36.55 while the price-to-book (PB) in the most recent quarter is 5.89, with the price to cash flow ratio at 296.91.
Okta Inc.’s quick ratio for the period ended July 30 was 3.20, with the current ratio over the same period at 3.20 meaning that OKTA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.29, while the total debt to equity was 0.30. In terms of profitability, the gross margin trailing 12 months is 72.00%. The trailing 12-month EBITDA margin is -15.28% while for the period ending July 30; Okta Inc.’s operating margin was -45.30%. The firm’s gross profit as reported stood at $617.74 million against revenue of $835.42 million.
For the quarterly period ending July 30 this year, Okta Inc.’s cash and short-term investments amounted to $2.24 billion against total debt of $1.99 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OKTA to announce -$0.35 per share in earnings in its latest quarter, but it posted -$0.11, representing a 68.60% surprise. EBITDA for the quarter stood at more than -$196.9 million. OKTA stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.89 billion, with total debt at $1.99 billion. Shareholders hold equity totaling $154.66 million
Let’s look briefly at Okta Inc. (OKTA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.26%.
The stock’s 5-day moving average is $231.09, reflecting a +3.22% or $7.34 change from its current price. OKTA is currently trading -7.15% above its 20-day SMA, +0.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.24% and -14.67% respectively.
Stochastic %K and %D was 17.56% and 18.69% and the average true range (ATR) pointed at 8.01. The RSI (14) points at 44.90%, while the 14-day stochastic is at 32.33% with the period’s ATR at 7.99. The stock’s 9-day MACD Oscillator is pointing at -1.66 and -6.07 on the 14-day charts.
In the most recent analyst report for Okta Inc. (NASDAQ: OKTA), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for OKTA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate OKTA as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 19 have offered a “buy” rating.
What is OKTA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $250.00 and a high of $325.00, with their median price target at $300.00. Looking at these predictions, the average price target given by analysts is for Okta Inc. (OKTA) stock is $296.88.