Okta Inc [NASDAQ: OKTA] traded at a low on Thursday, posting a -0.73 loss after which it closed the day’ session at $74.71.
The results of the trading session contributed to over 2224394 shares changing hands. Over the past one week, the price volatility of Okta Inc stands at 4.62% while the volatility over the past one month is 3.27%.
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The market cap for OKTA stock reached $12.69 billion, with 159.84 million shares outstanding and 159.65 million shares in the current float. Compared to the average trading volume of 1.89M shares, OKTA reached a trading volume of 2224394 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $107.24 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 2.19. 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.
BMO Capital Markets have made an estimate for Okta Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 29, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $135 to $75. The new note on the price target was released on August 29, 2024, representing the official price target for Okta Inc stock. Previously, the target price had yet another raise from $102 to $122, while Evercore ISI kept a Outperform rating on OKTA stock.
The Average True Range (ATR) for Okta Inc is set at 3.72, with the Price to Sales ratio for OKTA stock in the period of the last 12 months amounting to 5.18. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 13.89. Price to Free Cash Flow for OKTA in the course of the last twelve months was 20.37 with Quick ratio for the last quarter at 1.76.
How has OKTA stock performed recently?
Okta Inc [OKTA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.61. With this latest performance, OKTA shares dropped by -10.85% in over the last four-week period, additionally sinking by -31.40% over the last 6 months – not to mention a drop of -14.29% 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 24.08, with the RSI for the last a single of trading hit 16.19, and the three-weeks RSI is set at 29.62 for Okta Inc [OKTA]. The present Moving Average for the last 50 days of trading for this stock 92.17, while it was recorded at 76.85 for the last single week of trading, and 90.97 for the last 200 days.
Okta Inc [OKTA]: Deeper insight into the fundamentals
Okta Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.76 and a Current Ratio set at 1.76.
Earnings analysis for Okta Inc [OKTA]
With the latest financial reports released by the company, Okta Inc posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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 25.00%.
Insider trade positions for Okta Inc [OKTA]
There are presently around $87.14%, or 87.67%% of OKTA stock, in the hands of institutional investors. The top three institutional holders of OKTA stocks are: FMR LLC with ownership of 17.04 million shares, which is approximately 10.1745%. VANGUARD GROUP INC, holding 16.61 million shares of the stock with an approximate value of $$1.55 billion in OKTA stocks shares; and VANGUARD GROUP INC, currently with $$897.06 million in OKTA stock with ownership which is approximately 5.7224%.
