Okta Inc [OKTA] stock prices are up 2.73% to $96.35 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OKTA shares have gain 4.31% over the last week, with a monthly amount glided 11.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Okta Inc [NASDAQ: OKTA] stock has seen the most recent analyst activity on May 30, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $122 from $102. Previously, BofA Securities upgraded its rating to Buy on February 29, 2024, and kept the price target unchanged to $135. On January 08, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $85 on the stock. Jefferies downgraded its rating to a Hold and increased its price target to $95 on January 05, 2024. Susquehanna initiated its recommendation with a Neutral and recommended $75 as its price target on December 15, 2023. BMO Capital Markets reiterated a Market Perform rating for this stock on November 30, 2023, and downed its price target to $80. In a note dated November 30, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $80 to $70.
The stock price of Okta Inc [OKTA] has been fluctuating between $65.04 and $114.50 over the past year. Currently, Wall Street analysts expect the stock to reach $125.62 within the next 12 months. Okta Inc [NASDAQ: OKTA] shares were valued at $96.35 at the most recent close of the market. An investor can expect a potential return of 30.38% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
The Okta Inc [NASDAQ:OKTA] reported sales of 2.36B for trailing twelve months, representing a surge of 19.11%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 93.91 points at the first support level, and at 91.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.67, and for the 2nd resistance point, it is at 98.99.
Ratios To Look Out For
It’s worth pointing out that Okta Inc [NASDAQ:OKTA]’s Current Ratio is 1.66. In addition, the Quick Ratio stands at 1.66 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 6.86, the price to book ratio is 2.72.
Transactions by insiders
Recent insider trading involved Kerrest Jacques Frederic, Director, that happened on Jul 02 ’24 when 3280.0 shares were sold. Director, Kerrest Jacques Frederic completed a deal on Jun 28 ’24 to sell 2100.0 shares. Meanwhile, Director Kerrest Jacques Frederic sold 1552.0 shares on Jun 20 ’24.
