Okta Inc (NASDAQ: OKTA) is 48.12% higher on its value in year-to-date trading and has touched a low of $70.56 and a high of $118.07 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 $116.38 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $116.72, the stock is 8.72% and 18.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing 0.29% at the moment leaves the stock 34.17% off its SMA200. OKTA registered 11.42% gain for a year compared to 6-month gain of 54.09%. The firm has a 50-day simple moving average (SMA 50) of $98.4722 and a 200-day simple moving average (SMA200) of $86.992325.
The stock witnessed a 28.43% loss in the last 1 month and extending the period to 3 months gives it a 42.88%, and is 3.37% 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 2.95% over the week and 4.46% over the month.
Okta Inc (OKTA) has around 5914 employees, a market worth around $20.26B and $2.61B in sales. Current P/E ratio is 1991.81 and Fwd P/E is 33.10. Profit margin for the company is 1.07%. Distance from 52-week low is 65.42% and -1.14% from its 52-week high. The company has generated returns on investments over the last 12 months (0.41%).
with sales reaching $680.14M over the same period.The EPS is expected to grow by 13.79% this year, but quarterly earnings will post 9.73% year-over-year. Quarterly sales are estimated to grow 10.23% in year-over-year returns.
Okta Inc (OKTA) Top Institutional Holders
952.0 institutions hold shares in Okta Inc (OKTA), with institutional investors hold 86.79% of the company’s shares. The shares outstanding are 165.65M, and float is at 164.35M with Short Float at 2.69%. Institutions hold 86.25% 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 5.6834% and valued at over $897.06 million, while SANDS CAPITAL MANAGEMENT, LLC holds 5.2262 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 234,289 shares of the company’s common stock on Mar 20 ’25 at a price of $113.27 per share for a total of $26.54 million. Following the sale, the insider now owns 35551.0 shares.
Okta Inc disclosed in a document filed with the SEC on Mar 20 ’25 that Kerrest Jacques Frederic (Director) sold a total of 1,737 shares of the company’s common stock. The trade occurred on Mar 20 ’25 and was made at $113.29 per share for $0.2 million. Following the transaction, the insider now directly holds 0.0 shares of the OKTA stock.
Still, SEC filings show that on Mar 19 ’25, Schwartz Larissa disposed off 11,552 shares at an average price of $114.09 for $1.32 million. The insider now directly holds 22,125 shares of Okta Inc (OKTA).
