Okta Inc (NASDAQ: OKTA) is -13.38% lower on its value in year-to-date trading and has touched a low of $66.69 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 $78.22 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $78.42, the stock is 5.16% and 5.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 0.26% at the moment leaves the stock -12.34% off its SMA200. OKTA registered 14.93% gain for a year compared to 6-month loss of -21.00%. The firm has a 50-day simple moving average (SMA 50) of $74.39 and a 200-day simple moving average (SMA200) of $89.4974.
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The stock witnessed a -0.29% gain in the last 1 month and extending the period to 3 months gives it a -17.89%, and is 2.36% 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 2.32% over the week and 2.30% over the month.
Okta Inc (OKTA) has around 5908 employees, a market worth around $13.32B and $2.45B in sales. Fwd P/E is 27.43. Profit margin for the company is -5.55%. Distance from 52-week low is 17.59% and -31.51% 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 63.00% this year
907.0 institutions hold shares in Okta Inc (OKTA), with institutional investors hold 87.38% of the company’s shares. The shares outstanding are 169.86M, and float is at 160.07M with Short Float at 1.90%. Institutions hold 86.89% 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 Schwartz Larissa, the company’s. SEC filings show that Schwartz Larissa sold 2,791 shares of the company’s common stock on Nov 04 ’24 at a price of $71.50 per share for a total of $0.2 million. Following the sale, the insider now owns 22125.0 shares.
Still, SEC filings show that on Oct 18 ’24, McKinnon Todd (Chief Executive Officer) disposed off 224,533 shares at an average price of $74.62 for $16.76 million. The insider now directly holds 0 shares of Okta Inc (OKTA).
