Okta Inc [OKTA] stock prices are up 1.53% to $84.79 at the moment. 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 gain 9.32% over the last week, with a monthly amount glided 10.68%, 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 December 05, 2024, when Bernstein upgraded its rating to a Outperform and also boosted its price target to $129 from $123. Previously, Susquehanna reaffirmed its Neutral rating on December 04, 2024, and elevated its price target to $95. On December 04, 2024, Stifel reiterated its Buy rating and revised its price target to $115 on the stock. Robert W. Baird reiterated its Outperform rating and increased its price target to $105 on December 04, 2024. Piper Sandler reiterated its recommendation of a Neutral and raised its price target to $90 on December 04, 2024. Needham reiterated a Buy rating for this stock on December 04, 2024, and upped its price target to $115. In a note dated December 04, 2024, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $97 to $106.
The stock price of Okta Inc [OKTA] has been fluctuating between $70.56 and $114.50 over the past year. Currently, Wall Street analysts expect the stock to reach $93.38 within the next 12 months. Okta Inc [NASDAQ: OKTA] shares were valued at $84.79 at the most recent close of the market. An investor can expect a potential return of 10.13% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
The Okta Inc [NASDAQ:OKTA] reported sales of 2.53B for trailing twelve months, representing a surge of 13.87%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.02. 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 83.21 points at the first support level, and at 81.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.86, and for the 2nd resistance point, it is at 86.92.
Ratios To Look Out For
It’s worth pointing out that Okta Inc [NASDAQ:OKTA]’s Current Ratio is 1.29. Also, the Quick Ratio is 1.29, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 5.82, the price to book ratio is 2.32.
Transactions by insiders
Recent insider trading involved Kerrest Jacques Frederic, Director, that happened on Dec 02 ’24 when 0.13 million shares were sold. Director, Kerrest Jacques Frederic completed a deal on Dec 03 ’24 to sell 37909.0 shares. Meanwhile, Officer Jacques F Kerrest bought 0.17 million shares on Dec 02 ’24.
