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After finishing at $94.03 in the prior trading day, Okta Inc (NASDAQ: OKTA) closed at $95.02, up 1.05%. In other words, the price has increased by $1.05 from its previous closing price. On the day, 1.25 million shares were traded. OKTA stock price reached its highest trading level at $96.95 during the session, while it also had its lowest trading level at $94.0.
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 6.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.96. 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:
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 Jul 16 ’24 when Kerrest Jacques Frederic sold 26,618 shares for $100.29 per share. The transaction valued at 2,669,437 led to the insider holds 0 shares of the business.
Schwartz Larissa sold 2,792 shares of OKTA for $277,525 on Jul 16 ’24. The insider now owns 29,809 shares after completing the transaction at $99.40 per share. On Jul 05 ’24, another insider, Kerrest Jacques Frederic, who serves as the Director of the company, sold 34,620 shares for $96.04 each. As a result, the insider received 3,325,065 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 15984833536 and an Enterprise Value of 14927867904. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.77 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 6.32 whereas that against EBITDA is -54.481.
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 1.39%, while the 200-Day Moving Average is calculated to be 7.66%.
Shares Statistics:
The stock has traded on average 1.70M shares per day over the past 3-months and 1577530 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 158.35M. Insiders hold about 5.88% of the company’s shares, while institutions hold 80.72% stake in the company. Shares short for OKTA as of 1719532800 were 4942015 with a Short Ratio of 2.90, compared to 1717113600 on 5225542. Therefore, it implies a Short% of Shares Outstanding of 4942015 and a Short% of Float of 3.09.
