Okta Inc [OKTA] stock prices are up 0.26% to $78.42 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 2.36% over the last week, with a monthly amount drifted -0.29%, and not 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 November 12, 2024, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $85 from $115. On August 29, 2024, BMO Capital Markets reiterated its Market Perform rating and revised its price target to $103 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $75 on August 29, 2024. Evercore ISI upgraded its rating to a Outperform and raised its price target to $122 on May 30, 2024. BofA Securities upgraded its rating to Buy for this stock on February 29, 2024, but kept the price target unchanged to $135. In a note dated January 08, 2024, Mizuho downgraded an Neutral rating on this stock but restated the target price of $85.
The stock price of Okta Inc [OKTA] has been fluctuating between $66.69 and $114.50 over the past year. Currently, Wall Street analysts expect the stock to reach $116.97 within the next 12 months. Okta Inc [NASDAQ: OKTA] shares were valued at $78.42 at the most recent close of the market. An investor can expect a potential return of 49.16% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
The Okta Inc [NASDAQ:OKTA] reported sales of 2.45B for trailing twelve months, representing a surge of 16.19%. 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 0.18.
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 77.40 points at the first support level, and at 76.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.07, and for the 2nd resistance point, it is at 81.73.
Ratios To Look Out For
It’s worth pointing out that Okta Inc [NASDAQ:OKTA]’s Current Ratio is 1.76. In addition, the Quick Ratio stands at 1.76 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 5.43, the price to book ratio is 2.17.
Transactions by insiders
Recent insider trading involved Schwartz Larissa, that happened on Nov 04 ’24 when 2791.0 shares were sold. Officer, LARISSA N SCHWARTZ completed a deal on Nov 04 ’24 to buy 2791.0 shares. Meanwhile, Chief Executive Officer McKinnon Todd sold 0.22 million shares on Oct 18 ’24.
