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Okta Inc (NASDAQ: OKTA) closed the day trading at $79.64 down -2.45% from the previous closing price of $81.64. In other words, the price has decreased by -$2.45 from its previous closing price. On the day, 2.7 million shares were traded. OKTA stock price reached its highest trading level at $80.91 during the session, while it also had its lowest trading level at $79.4.
Ratios:
For a better understanding of OKTA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.07.
On December 16, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $100.
Bernstein Upgraded its Mkt Perform to Outperform on December 05, 2024, whereas the target price for the stock was revised from $123 to $129.
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 Dec 30 ’24 when LARISSA SCHWARTZ bought 2,704 shares for $81.64 per share.
McKinnon Todd sold 233,028 shares of OKTA for $19,180,332 on Dec 20 ’24. The Chief Executive Officer now owns 0 shares after completing the transaction at $82.31 per share. On Dec 20 ’24, another insider, Todd McKinnon, who serves as the Director of the company, bought 233,028 shares for $80.98 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 13646712832 and an Enterprise Value of 12741428224. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.30 while its Price-to-Book (P/B) ratio in mrq is 2.18. Its current Enterprise Value per Revenue stands at 5.196 whereas that against EBITDA is -87.872.
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 $70.56. The 50-Day Moving Average of the stock is 1.86%, while the 200-Day Moving Average is calculated to be -8.94%.
Shares Statistics:
Over the past 3-months, OKTA traded about 2.91M shares per day on average, while over the past 10 days, OKTA traded about 3352530 shares per day. A total of 163.60M shares are outstanding, with a floating share count of 161.43M. Insiders hold about 5.79% of the company’s shares, while institutions hold 80.75% stake in the company. Shares short for OKTA as of 1731628800 were 2848523 with a Short Ratio of 1.33, compared to 1728950400 on 3574933. Therefore, it implies a Short% of Shares Outstanding of 2848523 and a Short% of Float of 1.76.
