The closing price of Okta Inc (NASDAQ: OKTA) was $99.42 for the day, down -2.68% from the previous closing price of $102.16. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 1990134 shares were traded.
Ratios:
Our analysis of OKTA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.02. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 16.64B and an Enterprise Value of 15.73B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.35 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 6.95 whereas that against EBITDA is -64.22.
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 95.35, while the 200-Day Moving Average is calculated to be 81.12.
Shares Statistics:
OKTA traded an average of 2.14M shares per day over the past three months and 1.21M shares per day over the past ten days. A total of 159.84M shares are outstanding, with a floating share count of 157.24M. Insiders hold about 6.07% of the company’s shares, while institutions hold 78.58% stake in the company. Shares short for OKTA as of Mar 15, 2024 were 2.99M with a Short Ratio of 1.39, compared to 3.32M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.78% and a Short% of Float of 1.87%.
Earnings Estimates
The firm’s stock currently is rated by 36 analysts. On average, analysts expect EPS of $0.54 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.54, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.54, with high estimates of $0.59 and low estimates of $0.46.
Analysts are recommending an EPS of between $3.62 and $2.24 for the fiscal current year, implying an average EPS of $2.32. EPS for the following year is $2.75, with 38 analysts recommending between $5.46 and $2.43.
Revenue Estimates
A total of 40 analysts have provided revenue estimates for OKTA’s current fiscal year. The highest revenue estimate was $2.68B, while the lowest revenue estimate was $2.5B, resulting in an average revenue estimate of $2.51B. In the same quarter a year ago, actual revenue was $2.26B, up 10.80% from the average estimate. Based on 38 analysts’ estimates, the company’s revenue will be $2.83B in the next fiscal year. The high estimate is $3.3B and the low estimate is $2.7B. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.
