Currently, there are 163.60M common shares owned by the public and among those 161.56M shares have been available to trade.
The company’s stock has a 5-day price change of 6.19% and 31.57% over the past three months. OKTA shares are trading 20.47% year to date (YTD), with the 12-month market performance up to 12.33% higher. It has a 12-month low price of $70.56 and touched a high of $114.50 over the same period. OKTA has an average intraday trading volume of 3.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.48%, 15.41%, and 10.58% respectively.
Institutional ownership of Okta Inc (NASDAQ: OKTA) shares accounts for 80.92% of the company’s 163.60M shares outstanding.
It has a market capitalization of $16.27B and a beta (3y monthly) value of 1.02. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.87% over the week and 3.01% over the month.
Earnings per share for the fiscal year are expected to increase by 73.10%, and 5.76% over the next financial year. EPS should grow at an annualized rate of 26.49% over the next five years, compared to -13.20% over the past 5-year period.
Looking at the support for the OKTA, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on January 17, 2025, with the firm’s price target at $95-$100. KeyBanc Capital Markets coverage for the Okta Inc (OKTA) stock in a research note released on December 19, 2024 offered a Overweight rating with a price target of $115. JP Morgan was of a view on December 16, 2024 that the stock is Overweight, while Bernstein gave the stock Outperform rating on December 05, 2024, issuing a price target of $123- $129. Susquehanna on their part issued Neutral rating on December 04, 2024.
