For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Okta Inc’s stock clocked out at $93.71, down -0.10% from its previous closing price of $93.80. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 0.8 million shares were traded. OKTA stock price reached its highest trading level at $95.73 during the session, while it also had its lowest trading level at $93.195.
Ratios:
To gain a deeper understanding of OKTA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.13. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 19 ’24 when Ninan Shibu sold 4,279 shares for $104.14 per share. The transaction valued at 445,615 led to the insider holds 4,111 shares of the business.
ARCHAMBEAU SHELLYE L sold 5,000 shares of OKTA for $534,812 on Mar 14 ’24. The Director now owns 6,042 shares after completing the transaction at $106.96 per share. On Feb 16 ’24, another insider, Ninan Shibu, who serves as the Chief Accounting Officer of the company, sold 2,500 shares for $90.23 each. As a result, the insider received 225,575 and left with 6,539 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 15686771712 and an Enterprise Value of 14781788160. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.93 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 6.532 whereas that against EBITDA is -39.313.
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 -4.51%, while the 200-Day Moving Average is calculated to be 13.57%.
Shares Statistics:
It appears that OKTA traded 2.08M shares on average per day over the past three months and 1064770 shares per day over the past ten days. A total of 159.84M shares are outstanding, with a floating share count of 157.26M. Insiders hold about 6.06% of the company’s shares, while institutions hold 78.68% stake in the company. Shares short for OKTA as of 1711584000 were 3821643 with a Short Ratio of 1.83, compared to 1709164800 on 3728767. Therefore, it implies a Short% of Shares Outstanding of 3821643 and a Short% of Float of 2.4.
Earnings Estimates
The current assessment of Okta Inc (OKTA) involves the perspectives of Okta, Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $87.64, with high estimates of $93.95 and low estimates of $24.75.
