Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $93.76 in the prior trading day, Okta Inc (NASDAQ: OKTA) closed at $92.93, down -0.89%. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 0.85 million shares were traded. OKTA stock price reached its highest trading level at $93.395 during the session, while it also had its lowest trading level at $90.67.
Ratios:
Our goal is to gain a better understanding of OKTA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.87. 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:
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 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 15556202496 and an Enterprise Value of 14651217920. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.87 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 6.474 whereas that against EBITDA is -38.966.
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 -6.13%, while the 200-Day Moving Average is calculated to be 11.81%.
Shares Statistics:
The stock has traded on average 2.01M shares per day over the past 3-months and 1125900 shares per day over the last 10 days, according to various share statistics. A total of 159.84M shares are outstanding, with a floating share count of 157.28M. Insiders hold about 6.04% of the company’s shares, while institutions hold 78.66% stake in the company. Shares short for OKTA as of 1713139200 were 4389482 with a Short Ratio of 2.18, compared to 1710460800 on 2985731. Therefore, it implies a Short% of Shares Outstanding of 4389482 and a Short% of Float of 2.76.
