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Okta Inc (NASDAQ: OKTA) closed the day trading at $72.39 down -0.26% from the previous closing price of $72.58. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1.68 million shares were traded. OKTA stock price reached its highest trading level at $73.21 during the session, while it also had its lowest trading level at $72.27.
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 5.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.74. 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 Sep 20 ’24 when McKinnon Todd sold 200,512 shares for $75.21 per share. The transaction valued at 15,080,307 led to the insider holds 8,495 shares of the business.
McKinnon Todd sold 32,516 shares of OKTA for $2,478,435 on Sep 23 ’24. The Chief Executive Officer now owns 0 shares after completing the transaction at $76.22 per share. On Sep 20 ’24, another insider, Todd McKinnon, who serves as the Director of the company, bought 457,561 shares for $75.02 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 12296309760 and an Enterprise Value of 11158313984. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.01 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 4.551 whereas that against EBITDA is -76.954.
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 -14.51%, while the 200-Day Moving Average is calculated to be -20.53%.
Shares Statistics:
Over the past 3-months, OKTA traded about 2.03M shares per day on average, while over the past 10 days, OKTA traded about 2021160 shares per day. A total of 159.84M shares are outstanding, with a floating share count of 159.69M. Insiders hold about 5.99% of the company’s shares, while institutions hold 81.16% stake in the company. Shares short for OKTA as of 1726185600 were 4121071 with a Short Ratio of 2.03, compared to 1723680000 on 4112025. Therefore, it implies a Short% of Shares Outstanding of 4121071 and a Short% of Float of 2.55.
