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After finishing at $78.65 in the prior trading day, Okta Inc (NASDAQ: OKTA) closed at $75.72, down -3.73%. In other words, the price has decreased by -$3.73 from its previous closing price. On the day, 4.04 million shares were traded. OKTA stock price reached its highest trading level at $78.905 during the session, while it also had its lowest trading level at $75.3604.
Ratios:
Our goal is to gain a better understanding of OKTA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on August 29, 2024, Reiterated its Market Perform rating but revised its target price to $103 from $100 previously.
On August 29, 2024, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $135 to $75.
Evercore ISI Upgraded its In-line to Outperform on May 30, 2024, whereas the target price for the stock was revised from $102 to $122.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 14 ’24 when Addison Jonathan James sold 9,850 shares for $77.63 per share. The transaction valued at 764,648 led to the insider holds 14,601 shares of the business.
Schwartz Larissa sold 2,797 shares of OKTA for $217,131 on Oct 14 ’24. The insider now owns 24,916 shares after completing the transaction at $77.63 per share. On Oct 14 ’24, another insider, LARISSA N SCHWARTZ, who serves as the Officer of the company, bought 2,797 shares for $77.63 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OKTA now has a Market Capitalization of 12861950976 and an Enterprise Value of 11723955200. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.25 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 4.781 whereas that against EBITDA is -80.855.
Stock Price History:
Over the past 52 weeks, OKTA has reached a high of $114.50, while it has fallen to a 52-week low of $65.04. The 50-Day Moving Average of the stock is -6.72%, while the 200-Day Moving Average is calculated to be -16.25%.
Shares Statistics:
The stock has traded on average 2.06M shares per day over the past 3-months and 1664760 shares per day over the last 10 days, according to various share statistics. A total of 159.84M shares are outstanding, with a floating share count of 159.72M. Insiders hold about 5.97% of the company’s shares, while institutions hold 81.21% stake in the company. Shares short for OKTA as of 1727654400 were 3682862 with a Short Ratio of 1.79, compared to 1724976000 on 4497900. Therefore, it implies a Short% of Shares Outstanding of 3682862 and a Short% of Float of 2.2800000000000002.
