Okta Inc. [NASDAQ: OKTA] closed the trading session at $271.75 on 09/02/21. The day’s price range saw the stock hit a low of $261.075, while the highest price level was $276.2264. The company report on September 2, 2021 that Okta to Present at Upcoming Investor Conferences.
Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, announced that members of its management team are scheduled to participate in upcoming investor conferences.
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The stocks have a year to date performance of 6.88 percent and weekly performance of 3.65 percent. The stock has been moved at 25.83 percent over the last six months. The stock has performed 9.85 percent around the most recent 30 days and changed 27.37 percent over the most recent 3-months.
If compared to the average trading volume of 1.53M shares, OKTA reached to a volume of 5231180 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Okta Inc. [OKTA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OKTA shares is $278.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OKTA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Okta Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 02, 2021. The new note on the price target was released on September 02, 2021, representing the official price target for Okta Inc. stock. Previously, the target price had yet another raise from $260 to $270, while Stifel kept a Hold rating on OKTA stock. On September 02, 2021, analysts increased their price target for OKTA shares from 275 to 290.
The Average True Range (ATR) for Okta Inc. is set at 8.06, with the Price to Sales ratio for OKTA stock in the period of the last 12 months amounting to 39.84. The Price to Book ratio for the last quarter was 52.46, with the Price to Cash per share for the same quarter was set at 20.31. Price to Free Cash Flow for OKTA in the course of the last twelve months was 262.96 with Quick ratio for the last quarter at 3.80.
OKTA stock trade performance evaluation
Okta Inc. [OKTA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.65. With this latest performance, OKTA shares gained by 9.85% in over the last four-week period, additionally plugging by 25.83% over the last 6 months – not to mention a rise of 17.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OKTA stock in for the last two-week period is set at 72.64, with the RSI for the last a single of trading hit 80.87, and the three-weeks RSI is set at 66.90 for Okta Inc. [OKTA]. The present Moving Average for the last 50 days of trading for this stock 246.26, while it was recorded at 265.49 for the last single week of trading, and 246.74 for the last 200 days.
Okta Inc. [OKTA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Okta Inc. [OKTA] shares currently have an operating margin of -24.44 and a Gross Margin at +69.20. Okta Inc.’s Net Margin is presently recorded at -31.88.
Return on Total Capital for OKTA is now -9.79, given the latest momentum, and Return on Invested Capital for the company is -17.03. Return on Equity for this stock declined to -48.45, with Return on Assets sitting at -10.14. When it comes to the capital structure of this company, Okta Inc. [OKTA] has a Total Debt to Total Equity ratio set at 283.70. Additionally, OKTA Total Debt to Total Capital is recorded at 73.94, with Total Debt to Total Assets ending up at 59.69. Long-Term Debt to Equity for the company is recorded at 149.40, with the Long-Term Debt to Total Capital now at 38.94.
Reflecting on the efficiency of the workforce at the company, Okta Inc. [OKTA] managed to generate an average of -$94,915 per employee. Receivables Turnover for the company is 4.97 with a Total Asset Turnover recorded at a value of 0.32.Okta Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 3.80.
Earnings per share (EPS) analysis for Okta Inc. [OKTA] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OKTA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Okta Inc. go to -0.02%.
Okta Inc. [OKTA]: Insider Ownership positions
There are presently around $30,585 million, or 92.00% of OKTA stock, in the hands of institutional investors. The top three institutional holders of OKTA stocks are: VANGUARD GROUP INC with ownership of 12,586,798, which is approximately 13.683% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 11,239,019 shares of the stock with an approximate value of $3.05 billion in OKTA stocks shares; and MORGAN STANLEY, currently with $2.83 billion in OKTA stock with ownership of nearly -0.707% of the company’s market capitalization.
Positions in Okta Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 388 institutional holders increased their position in Okta Inc. [NASDAQ:OKTA] by around 18,898,084 shares. Additionally, 280 investors decreased positions by around 7,901,851 shares, while 115 investors held positions by with 85,747,811 shares. The mentioned changes placed institutional holdings at 112,547,746 shares, according to the latest SEC report filing. OKTA stock had 117 new institutional investments in for a total of 8,252,086 shares, while 83 institutional investors sold positions of 1,346,778 shares during the same period.