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In the latest session, Okta Inc (NASDAQ: OKTA) closed at $71.00 down -0.38% from its previous closing price of $71.27. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 2.88 million shares were traded. OKTA stock price reached its highest trading level at $71.68 during the session, while it also had its lowest trading level at $70.56.
Ratios:
For a deeper understanding of Okta Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.36. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 13 ’24 when Schwartz Larissa sold 2,795 shares for $92.02 per share. The transaction valued at 257,196 led to the insider holds 27,014 shares of the business.
LARISSA N SCHWARTZ bought 2,795 shares of OKTA for $257,196 on Aug 13 ’24. On Jul 19 ’24, another insider, McKinnon Todd, who serves as the Chief Executive Officer of the company, sold 179,687 shares for $93.42 each. As a result, the insider received 16,786,840 and left with 47,883 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 12100956160 and an Enterprise Value of 10922206208. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.92 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 4.454 whereas that against EBITDA is -75.326.
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 -22.35%, while the 200-Day Moving Average is calculated to be -21.96%.
Shares Statistics:
For the past three months, OKTA has traded an average of 1.96M shares per day and 4147810 over the past ten days. A total of 159.84M shares are outstanding, with a floating share count of 159.65M. Insiders hold about 6.01% of the company’s shares, while institutions hold 81.08% stake in the company. Shares short for OKTA as of 1723680000 were 4112025 with a Short Ratio of 2.10, compared to 1721001600 on 5368421. Therefore, it implies a Short% of Shares Outstanding of 4112025 and a Short% of Float of 2.54.
