Okta Inc (NASDAQ: OKTA) is 24.70% higher on its value in year-to-date trading and has touched a low of $70.56 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 $95.78 in the last trading session, with the day’s gains setting it 2.48%.
Currently trading at $98.26, the stock is 6.16% and 13.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing 2.59% at the moment leaves the stock 14.38% off its SMA200. OKTA registered 11.85% gain for a year compared to 6-month loss of 6.78%. The firm has a 50-day simple moving average (SMA 50) of $86.2447 and a 200-day simple moving average (SMA200) of $85.878174.
The stock witnessed a 17.69% gain in the last 1 month and extending the period to 3 months gives it a 28.03%, and is 0.83% 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 3.17% over the week and 3.01% over the month.
Okta Inc (OKTA) has around 5908 employees, a market worth around $16.84B and $2.53B in sales. Fwd P/E is 33.54. Profit margin for the company is -1.54%. Distance from 52-week low is 39.26% and -14.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.58%).
with sales reaching $669.1M over the same period.The EPS is expected to grow by 73.10% this year, but quarterly earnings will post 14.76% year-over-year. Quarterly sales are estimated to grow 10.59% in year-over-year returns.
The shares outstanding are 163.60M, and float is at 161.58M with Short Float at 2.92%.
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
Okta Inc disclosed in a document filed with the SEC on Feb 05 ’25 that Kerrest Jacques Frederic (Director) sold a total of 65,000 shares of the company’s common stock. The trade occurred on Feb 05 ’25 and was made at $97.50 per share for $6.34 million. Following the transaction, the insider now directly holds 0.0 shares of the OKTA stock.
Still, SEC filings show that on Feb 05 ’25, Kerrest Jacques Frederic (Director) disposed off 9,999 shares at an average price of $97.50 for $0.97 million. The insider now directly holds 0 shares of Okta Inc (OKTA).
