Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Okta Inc (NASDAQ: OKTA) closed at $81.69 in the last session, up 0.34% from day before closing price of $81.41. In other words, the price has increased by $0.34 from its previous closing price. On the day, 3.26 million shares were traded. OKTA stock price reached its highest trading level at $84.27 during the session, while it also had its lowest trading level at $80.86.
Ratios:
We take a closer look at OKTA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.07.
On December 16, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $100.
Bernstein Upgraded its Mkt Perform to Outperform on December 05, 2024, whereas the target price for the stock was revised from $123 to $129.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 02 ’24 when Kerrest Jacques Frederic sold 131,426 shares for $80.68 per share. The transaction valued at 10,602,884 led to the insider holds 1,622 shares of the business.
Kerrest Jacques Frederic sold 37,909 shares of OKTA for $3,048,835 on Dec 03 ’24. The Director now owns 1,622 shares after completing the transaction at $80.43 per share. On Dec 02 ’24, another insider, Jacques F Kerrest, who serves as the Officer of the company, bought 169,335 shares for $80.85 each.
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 13997990912 and an Enterprise Value of 12741428224. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.53 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 5.196 whereas that against EBITDA is -87.872.
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 $70.56. The 50-Day Moving Average of the stock is 5.35%, while the 200-Day Moving Average is calculated to be -7.45%.
Shares Statistics:
According to the various share statistics, OKTA traded on average about 2.81M shares per day over the past 3-months and 3977140 shares per day over the past 10 days. A total of 163.60M shares are outstanding, with a floating share count of 161.45M. Insiders hold about 5.78% of the company’s shares, while institutions hold 80.75% stake in the company. Shares short for OKTA as of 1731628800 were 2848523 with a Short Ratio of 1.09, compared to 1728950400 on 3574933. Therefore, it implies a Short% of Shares Outstanding of 2848523 and a Short% of Float of 1.76.
