At the time of writing, Okta Inc [OKTA] stock is trading at $88.62, down -0.87%. 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 6.68% over the last week, with a monthly amount glided 8.86%, 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 January 17, 2025, when Citigroup reiterated its Neutral rating and also boosted its price target to $100 from $95. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on December 19, 2024, and kept the price target unchanged to $115. On December 16, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $100 on the stock. Bernstein upgraded its rating to a Outperform and increased its price target to $129 on December 05, 2024. Susquehanna reiterated its recommendation of a Neutral and raised its price target to $95 on December 04, 2024. Stifel 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, Robert W. Baird reiterated an Outperform rating on this stock and boosted its target price from $95 to $105.
For the past year, the stock price of Okta Inc fluctuated 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 $88.62 at the most recent close of the market. An investor can expect a potential return of 5.37% based on the average OKTA price forecast.
Analyzing the OKTA fundamentals
According to Okta Inc [NASDAQ:OKTA], the company’s sales were 2.53B for trailing twelve months, which represents an 13.87% jump. 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 87.90 points at the first support level, and at 87.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.74, and for the 2nd resistance point, it is at 90.85.
Ratios To Look Out For
It is important to note that Okta Inc [NASDAQ:OKTA] has a current ratio of 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 6.00, the price to book ratio is 2.42.
Transactions by insiders
Recent insider trading involved LARISSA SCHWARTZ, Officer, that happened on Jan 22 ’25 when 2704.0 shares were purchased. Officer, BRETT TIGHE completed a deal on Jan 21 ’25 to buy 20000.0 shares. Meanwhile, Officer Kerrest Jacques Frederic bought 3306.0 shares on Jan 21 ’25.
