A share price of Okta Inc [OKTA] is currently trading at $84.37, down -1.28%. 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 7.03% over the last week, with a monthly amount glided 1.41%, 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 19, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $115 for it. Previously, JP Morgan upgraded its rating to Overweight on December 16, 2024, and kept the price target unchanged to $100. On December 05, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $129 on the stock. Susquehanna reiterated its Neutral rating and increased its price target to $95 on December 04, 2024. Stifel reiterated its recommendation of a Buy and raised its price target to $115 on December 04, 2024. Robert W. Baird reiterated a Outperform rating for this stock on December 04, 2024, and upped its price target to $105. In a note dated December 04, 2024, Piper Sandler reiterated an Neutral rating on this stock and boosted its target price from $85 to $90.
Okta Inc experienced fluctuations in its stock price throughout the past year between $70.56 and $114.50. Currently, Wall Street analysts expect the stock to reach $93.38 within the next 12 months. Okta Inc [NASDAQ: OKTA] shares were valued at $84.37 at the most recent close of the market. An investor can expect a potential return of 10.68% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
Trailing Twelve Months sales for Okta Inc [NASDAQ:OKTA] were 2.53B which represents 13.87% growth. 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 83.09 points at the first support level, and at 81.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.39, and for the 2nd resistance point, it is at 86.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Okta Inc [NASDAQ:OKTA] is 1.29. In addition, the Quick Ratio stands at 1.29 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 5.71, the price to book ratio is 2.31.
Transactions by insiders
Recent insider trading involved Schwartz Larissa, that happened on Dec 30 ’24 when 2704.0 shares were sold. Officer, LARISSA SCHWARTZ completed a deal on Dec 30 ’24 to buy 2704.0 shares. Meanwhile, Chief Executive Officer McKinnon Todd sold 0.23 million shares on Dec 20 ’24.
