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Okta Inc (NASDAQ: OKTA) closed the day trading at $73.69 down -1.10% from the previous closing price of $74.51. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 2.08 million shares were traded. OKTA stock price reached its highest trading level at $74.86 during the session, while it also had its lowest trading level at $72.89.
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 5.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.09. 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, Barclays on November 19, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $81.
On November 12, 2024, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $115 to $85.
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 Nov 04 ’24 when Schwartz Larissa sold 2,791 shares for $71.50 per share. The transaction valued at 199,556 led to the insider holds 22,125 shares of the business.
LARISSA N SCHWARTZ bought 2,791 shares of OKTA for $199,556 on Nov 04 ’24. On Oct 18 ’24, another insider, McKinnon Todd, who serves as the Chief Executive Officer of the company, sold 224,533 shares for $74.62 each. As a result, the insider received 16,755,557 and left with 0 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 12517131264 and an Enterprise Value of 11379134464. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.10 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 4.641 whereas that against EBITDA is -78.477.
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 $66.69. The 50-Day Moving Average of the stock is -1.26%, while the 200-Day Moving Average is calculated to be -17.43%.
Shares Statistics:
Over the past 3-months, OKTA traded about 2.18M shares per day on average, while over the past 10 days, OKTA traded about 1855990 shares per day. A total of 169.86M shares are outstanding, with a floating share count of 160.27M. Insiders hold about 5.65% of the company’s shares, while institutions hold 81.36% stake in the company. Shares short for OKTA as of 1730332800 were 3035154 with a Short Ratio of 1.39, compared to 1727654400 on 3682862. Therefore, it implies a Short% of Shares Outstanding of 3035154 and a Short% of Float of 1.8800000000000001.
