Okta Inc (NASDAQ: OKTA) is 4.09% 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 $98.26 in the last trading session, with the day’s loss setting it -4.03%.
Currently trading at $94.23, the stock is -8.66% and -3.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -4.10% at the moment leaves the stock 14.72% off its SMA200. OKTA registered 24.40% gain for a year compared to 6-month gain of 11.38%.
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The stock witnessed a -12.51% loss in the last 1 month and extending the period to 3 months gives it a 12.46%, and is -6.71% 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 2.47% over the week and 2.29% over the month.
Okta Inc (OKTA) has around 5908 employees, a market worth around $15.77B and $2.26B in sales. Fwd P/E is 36.08. Profit margin for the company is -15.69%. Distance from 52-week low is 44.88% and -17.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.96%).
The EPS is expected to grow by 42.16% this year.
Okta Inc (OKTA) Top Institutional Holders
The shares outstanding are 159.84M, and float is at 157.26M with Short Float at 2.43%.
Okta Inc (OKTA) Insider Activity
The most recent transaction is an insider sale by Ninan Shibu,the company’sChief Accounting Officer. SEC filings show that Ninan Shibu sold 4,279 shares of the company’s common stock on Mar 19 ’24 at a price of $104.14 per share for a total of $0.45 million. Following the sale, the insider now owns 4111.0 shares.
Okta Inc disclosed in a document filed with the SEC on Mar 14 ’24 that ARCHAMBEAU SHELLYE L (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $106.96 per share for $0.53 million. Following the transaction, the insider now directly holds 6042.0 shares of the OKTA stock.
Still, SEC filings show that on Feb 16 ’24, Ninan Shibu (Chief Accounting Officer) disposed off 2,500 shares at an average price of $90.23 for $0.23 million. The insider now directly holds 6,539 shares of Okta Inc (OKTA).
