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As of close of business last night, Okta Inc’s stock clocked out at $91.38, down -2.73% from its previous closing price of $93.94. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 1.17 million shares were traded. OKTA stock price reached its highest trading level at $94.32 during the session, while it also had its lowest trading level at $90.41.
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 6.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 1.66. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.21.
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 the company, Evercore ISI on May 30, 2024, Upgraded its rating to Outperform and sets its target price to $122 from $102 previously.
On February 29, 2024, BofA Securities Upgraded its rating to Buy which previously was Underperform but kept the price unchanged to $135.
Mizuho Downgraded its Buy to Neutral on January 08, 2024, while the target price for the stock was maintained at $85.
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 Jul 22 ’24 when McKinnon Todd sold 92,729 shares for $94.92 per share. The transaction valued at 8,801,483 led to the insider holds 0 shares of the business.
McKinnon Todd sold 179,687 shares of OKTA for $16,786,840 on Jul 19 ’24. The Chief Executive Officer now owns 47,883 shares after completing the transaction at $93.42 per share. On Jul 16 ’24, another insider, Kerrest Jacques Frederic, who serves as the Director of the company, sold 26,618 shares for $100.29 each. As a result, the insider received 2,669,437 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 15372491776 and an Enterprise Value of 14315524096. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.51 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 6.061 whereas that against EBITDA is -52.246.
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 -1.63%, while the 200-Day Moving Average is calculated to be 2.97%.
Shares Statistics:
It appears that OKTA traded 1.72M shares on average per day over the past three months and 1219360 shares per day over the past ten days. A total of 159.84M shares are outstanding, with a floating share count of 158.35M. Insiders hold about 5.88% of the company’s shares, while institutions hold 81.34% stake in the company. Shares short for OKTA as of 1721001600 were 5368421 with a Short Ratio of 3.13, compared to 1718323200 on 4913154. Therefore, it implies a Short% of Shares Outstanding of 5368421 and a Short% of Float of 3.35.
