Okta Inc [OKTA] stock prices are up 3.38% to $84.76 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OKTA shares have gain 1.88% over the last week, with a monthly amount glided 10.18%, 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 16, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $100 for it. Previously, Bernstein upgraded its rating to Outperform on December 05, 2024, and elevated its price target to $129. On December 04, 2024, Susquehanna reiterated its Neutral rating and revised its price target to $95 on the stock. Stifel reiterated its Buy rating and increased its price target to $115 on December 04, 2024. Robert W. Baird reiterated its recommendation of a Outperform and raised its price target to $105 on December 04, 2024. Piper Sandler reiterated a Neutral rating for this stock on December 04, 2024, and upped its price target to $90. In a note dated December 04, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $100 to $115.
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 $84.76 at the most recent close of the market. An investor can expect a potential return of 10.17% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 83.74 points at the first support level, and at 82.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.55, and for the 2nd resistance point, it is at 86.34.
Ratios To Look Out For
It’s worth pointing out that Okta Inc [NASDAQ:OKTA]’s Current Ratio is 1.29. As well, the Quick Ratio is 1.29, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 5.60, 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.
