Okta Inc (NASDAQ: OKTA) is 16.96% higher on its value in year-to-date trading and has touched a low of $65.04 and a high of $114.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OKTA stock was last observed hovering at around $106.10 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $105.88, the stock is 6.84% and 17.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -0.21% at the moment leaves the stock 33.45% off its SMA200. OKTA registered 25.51% gain for a year compared to 6-month gain of 25.58%. The firm has a 50-day simple moving average (SMA 50) of $7.43 and a 200-day simple moving average (SMA200) of -$68.64.
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The stock witnessed a 18.38% loss in the last 1 month and extending the period to 3 months gives it a 30.62%, and is -2.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 3.67% over the month.
Okta Inc (OKTA) has around 5908 employees, a market worth around $17.72B and $2.26B in sales. Fwd P/E is 40.57. Profit margin for the company is -15.69%. Distance from 52-week low is 62.79% and -7.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).
Okta Inc quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $604.34M over the same period.The EPS is expected to grow by 42.12% this year, but quarterly earnings will post 10.80% year-over-year.
Okta Inc (OKTA) Top Institutional Holders
876 institutions hold shares in Okta Inc (OKTA), with institutional investors hold 87.01% of the company’s shares. The shares outstanding are 159.84M, and float is at 157.23M with Short Float at 2.37%. Institutions hold 86.41% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 15.16 million shares valued at $1.05 billion. The investor’s holdings represent 9.67% of the OKTA Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 12.76 million shares valued at $884.65 million to account for 8.14% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.95 million shares representing 5.71% and valued at over $620.78 million, while Sands Capital Management, LLC holds 3.66% of the shares totaling 5.74 million with a market value of $397.77 million.
Okta Inc (OKTA) Insider Activity
The most recent transaction is an insider sale by ARCHAMBEAU SHELLYE L,the company’sDirector. SEC filings show that ARCHAMBEAU SHELLYE L sold 5,000 shares of the company’s common stock on Mar 14 ’24 at a price of $106.96 per share for a total of $0.53 million. Following the sale, the insider now owns 6042.0 shares.
Okta Inc disclosed in a document filed with the SEC on Feb 16 ’24 that Ninan Shibu (Chief Accounting Officer) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $90.23 per share for $0.23 million. Following the transaction, the insider now directly holds 6539.0 shares of the OKTA stock.
Still, SEC filings show that on Jan 16 ’24, Schwartz Larissa () disposed off 872 shares at an average price of $82.83 for $72228.0. The insider now directly holds 22,125 shares of Okta Inc (OKTA).
