Okta Inc [OKTA] stock is trading at $81.71, up 1.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The OKTA shares have gain 6.81% over the last week, with a monthly amount glided 11.58%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Okta Inc [NASDAQ: OKTA] stock has seen the most recent analyst activity on December 02, 2024, when Morgan Stanley upgraded its rating to a Overweight but kept the price target unchanged to $97 for it. Previously, Barclays started tracking the stock with Equal Weight rating on November 19, 2024, and set its price target to $81. On November 12, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $85 on the stock. BMO Capital Markets reiterated its recommendation of a Market Perform and raised its price target to $103 on August 29, 2024. BofA Securities downgraded its rating to Underperform for this stock on August 29, 2024, and downed its price target to $75. In a note dated May 30, 2024, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $102 to $122.
Okta Inc [OKTA] stock has fluctuated between $70.56 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 $81.71 at the most recent close of the market. An investor can expect a potential return of 43.15% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
Okta Inc [NASDAQ:OKTA] reported sales of 2.45B for the trailing twelve months, which represents a growth of 16.19%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -6.1, Equity is -0.01 and Total Capital is -21.99. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 80.23 points at the first support level, and at 78.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.53, and for the 2nd resistance point, it is at 83.36.
Ratios To Look Out For
For context, Okta Inc’s Current Ratio is 1.76. On the other hand, the Quick Ratio is 1.76, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 5.66, the price to book ratio is 2.26.
Transactions by insiders
Recent insider trading involved Jacques F Kerrest, Officer, that happened on Dec 02 ’24 when 0.17 million shares were purchased., Schwartz Larissa completed a deal on Nov 04 ’24 to sell 2791.0 shares. Meanwhile, Officer LARISSA N SCHWARTZ bought 2791.0 shares on Nov 04 ’24.