A share price of Okta Inc [OKTA] is currently trading at $71.89, down -0.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OKTA shares have lost -0.36% over the last week, with a monthly amount drifted -0.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BMO Capital Markets reaffirmed its Market Perform rating on August 29, 2024, and elevated its price target to $103. On August 29, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $75 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $122 on May 30, 2024. BofA Securities upgraded its rating to a Buy but $135 remained the price target by the analyst firm on February 29, 2024. Mizuho downgraded its rating to Neutral for this stock on January 08, 2024, but kept the price target unchanged to $85. In a note dated January 05, 2024, Jefferies downgraded an Hold rating on this stock and boosted its target price from $85 to $95.
Okta Inc experienced fluctuations in its stock price throughout the past year between $65.04 and $114.50. Currently, Wall Street analysts expect the stock to reach $116.97 within the next 12 months. Okta Inc [NASDAQ: OKTA] shares were valued at $71.89 at the most recent close of the market. An investor can expect a potential return of 62.71% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
Trailing Twelve Months sales for Okta Inc [NASDAQ:OKTA] were 2.45B which represents 16.19% growth. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.03.
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 71.38 points at the first support level, and at 70.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.50, and for the 2nd resistance point, it is at 73.12.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Okta Inc [NASDAQ:OKTA] is 1.76. Also, the Quick Ratio is 1.76, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 4.98, the price to book ratio is 1.99.
Transactions by insiders
Recent insider trading involved McKinnon Todd, Chief Executive Officer, that happened on Oct 18 ’24 when 0.22 million shares were sold. Chief Revenue Officer, Addison Jonathan James completed a deal on Oct 14 ’24 to sell 9850.0 shares. Meanwhile, Schwartz Larissa sold 2797.0 shares on Oct 14 ’24.
