Okta Inc (OKTA) concluded trading on Wednesday at a closing price of $87.30, with 5.3 million shares of worth about $462.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.05% during that period and on on Wednesday the price saw a gain of about 0.45%. Currently the company’s common shares owned by public are about 165.34M shares, out of which, 155.28M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 35,424 shares in 26 of the transactions. In 19 selling transactions, insiders dumped 11,996 shares.
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Stock saw a price change of 7.54% in past 5 days and over the past one month there was a price change of 0.16%. Year-to-date (YTD), OKTA shares are showing a performance of -3.57% which increased to 21.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.04 but also hit the highest price of $92.38 during that period. The average intraday trading volume for Okta Inc shares is 2.35 million. The stock is currently trading 3.03% above its 20-day simple moving average (SMA20), while that difference is up 2.63% for SMA50 and it goes to 12.28% higher than SMA200.
Okta Inc (NASDAQ: OKTA) currently have 165.34M outstanding shares and institutions hold larger chunk of about 79.56% of that.
The stock has a current market capitalization of $14.43B and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$2.87 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OKTA, volatility over the week remained 3.27% while standing at 3.56% over the month.
Analysts are in expectations that Okta Inc (OKTA) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.42 and it is $1.98 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.79% while it is estimated to increase by 19.51% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -31.27% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on January 08, 2024 offering a Neutral rating for the stock and assigned a target price of $85 to it. Coverage by Jefferies stated Okta Inc (OKTA) stock as a Hold in their note to investors on January 05, 2024, suggesting a price target of $95 for the stock. On December 15, 2023, Susquehanna Initiated their recommendations, while on November 30, 2023, BMO Capital Markets Reiterated their ratings for the stock with a price target of $80. Stock get an Equal weight rating from Wells Fargo on November 30, 2023.
