The price of Okta Inc (NASDAQ: OKTA) closed at $108.49 in the last session, up 1.11% from day before closing price of $107.30. In other words, the price has increased by $+1.19 from its previous closing price. On the day, 5647411 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 8.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 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 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. The insider now owns 22,125 shares after completing the transaction at $82.83 per share. On Dec 18, 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 17.94B and an Enterprise Value of 17.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.93 while its Price-to-Book (P/B) ratio in mrq is 3.13. Its current Enterprise Value per Revenue stands at 7.84 whereas that against EBITDA is -49.42.
Stock Price History:
Over the past 52 weeks, OKTA has reached a high of $112.08, while it has fallen to a 52-week low of $65.04. The 50-Day Moving Average of the stock is 86.15, while the 200-Day Moving Average is calculated to be 78.10.
Shares Statistics:
According to the various share statistics, OKTA traded on average about 2.56M shares per day over the past 3-months and 4.78M shares per day over the past 10 days. A total of 165.34M shares are outstanding, with a floating share count of 155.28M. Insiders hold about 6.09% of the company’s shares, while institutions hold 79.56% stake in the company. Shares short for OKTA as of Feb 15, 2024 were 3.32M with a Short Ratio of 1.30, compared to 3.83M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.01% and a Short% of Float of 2.11%.
Earnings Estimates
The company has 35 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.51 for the current quarter, with a high estimate of $0.55 and a low estimate of $0.34, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.52, with high estimates of $0.59 and low estimates of $0.37.
Analysts are recommending an EPS of between $2.7 and $1.71 for the fiscal current year, implying an average EPS of $2.19. EPS for the following year is $2.67, with 31 analysts recommending between $5.46 and $2.12.
Revenue Estimates
A total of 41 analysts have provided revenue estimates for OKTA’s current fiscal year. The highest revenue estimate was $2.68B, while the lowest revenue estimate was $2.46B, resulting in an average revenue estimate of $2.5B. In the same quarter a year ago, actual revenue was $2.26B, up 10.50% from the average estimate. Based on 36 analysts’ estimates, the company’s revenue will be $2.82B in the next fiscal year. The high estimate is $3.3B and the low estimate is $2.68B. The average revenue growth estimate for next year is up 12.80% from the average revenue estimate for this year.
