The price of Okta Inc (NASDAQ: OKTA) closed at $109.66 in the last session, up 1.80% from day before closing price of $107.72. In other words, the price has increased by $+1.94 from its previous closing price. On the day, 1388146 shares were traded.
Ratios:
We take a closer look at OKTA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.42. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.22.
On January 08, 2024, Mizuho Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $85.
Jefferies Downgraded its Buy to Hold on January 05, 2024, whereas the target price for the stock was revised from $85 to $95.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 16 ’24 when Ninan Shibu sold 2,500 shares for $90.23 per share. The transaction valued at 225,575 led to the insider holds 6,539 shares of the business.
Schwartz Larissa sold 872 shares of OKTA for $72,228 on Jan 16 ’24. The insider now owns 22,125 shares after completing the transaction at $82.83 per share. On Dec 18 ’23, another insider, McKinnon Todd, who serves as the Chief Executive Officer of the company, sold 7,449 shares for $83.33 each. As a result, the insider received 620,730 and left with 43,006 shares of the company.
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 18.36B and an Enterprise Value of 17.45B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.11 while its Price-to-Book (P/B) ratio in mrq is 3.11. Its current Enterprise Value per Revenue stands at 7.71 whereas that against EBITDA is -71.22.
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 89.31, while the 200-Day Moving Average is calculated to be 79.16.
Shares Statistics:
According to the various share statistics, OKTA traded on average about 2.47M shares per day over the past 3-months and 4.56M shares per day over the past 10 days. A total of 159.84M shares are outstanding, with a floating share count of 157.30M. Insiders hold about 6.03% of the company’s shares, while institutions hold 78.61% stake in the company. Shares short for OKTA as of Feb 29, 2024 were 3.73M with a Short Ratio of 1.51, compared to 3.67M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.23% and a Short% of Float of 2.34%.
Earnings Estimates
The company has 36 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.54 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.45, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.54, with high estimates of $0.59 and low estimates of $0.46.
Analysts are recommending an EPS of between $2.7 and $1.97 for the fiscal current year, implying an average EPS of $2.28. EPS for the following year is $2.71, with 36 analysts recommending between $5.46 and $2.43.
Revenue Estimates
A total of 40 analysts have provided revenue estimates for OKTA’s current fiscal year. The highest revenue estimate was $2.68B, while the lowest revenue estimate was $2.5B, resulting in an average revenue estimate of $2.51B. In the same quarter a year ago, actual revenue was $2.26B, up 10.80% from the average estimate. Based on 38 analysts’ estimates, the company’s revenue will be $2.83B in the next fiscal year. The high estimate is $3.3B and the low estimate is $2.7B. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.
