Okta Inc (NASDAQ: OKTA) is -19.11% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OKTA stock was last observed hovering at around $71.89 in the last trading session, with the day’s gains setting it 1.34%.
Currently trading at $73.23, the stock is -1.55% and -3.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 1.86% at the moment leaves the stock -18.45% off its SMA200. OKTA registered 6.55% gain for a year compared to 6-month loss of -24.15%. The firm has a 50-day simple moving average (SMA 50) of $76.1916 and a 200-day simple moving average (SMA200) of $89.7925.
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The stock witnessed a 1.58% gain in the last 1 month and extending the period to 3 months gives it a -11.61%, and is 1.37% up 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 2.08% over the week and 2.21% over the month.
Okta Inc (OKTA) has around 5908 employees, a market worth around $12.67B and $2.45B in sales. Fwd P/E is 25.52. Profit margin for the company is -5.55%. Distance from 52-week low is 12.59% and -36.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.85%).
The EPS is expected to grow by 63.04% this year.
Okta Inc (OKTA) Top Institutional Holders
898.0 institutions hold shares in Okta Inc (OKTA), with institutional investors hold 87.66% of the company’s shares. The shares outstanding are 159.84M, and float is at 159.73M with Short Float at 2.24%. Institutions hold 87.13% of the Float.
The top institutional shareholder in the company is FMR LLC with over 17.04 million shares valued at $1.59 billion. The investor’s holdings represent 10.1745% of the OKTA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.61 million shares valued at $1.55 billion to account for 9.9167 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.58 million shares representing 5.7224% and valued at over $897.06 million, while SANDS CAPITAL MANAGEMENT, LLC holds 5.262 of the shares totaling 8.81 million with a market value of $824.9 million.
Okta Inc (OKTA) Insider Activity
The most recent transaction is an insider sale by McKinnon Todd, the company’s Chief Executive Officer. SEC filings show that McKinnon Todd sold 224,533 shares of the company’s common stock on Oct 18 ’24 at a price of $74.62 per share for a total of $16.76 million. Following the sale, the insider now owns 0.0 shares.
Okta Inc disclosed in a document filed with the SEC on Oct 14 ’24 that Addison Jonathan James (Chief Revenue Officer) sold a total of 9,850 shares of the company’s common stock. The trade occurred on Oct 14 ’24 and was made at $77.63 per share for $0.76 million. Following the transaction, the insider now directly holds 14601.0 shares of the OKTA stock.
Still, SEC filings show that on Oct 14 ’24, Schwartz Larissa () disposed off 2,797 shares at an average price of $77.63 for $0.22 million. The insider now directly holds 24,916 shares of Okta Inc (OKTA).
