On Tuesday, Okta Inc (NASDAQ: OKTA) was 1.21% up from the session before settling in for the closing price of $93.24. A 52-week range for OKTA has been $65.04 – $114.50.
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During the last 5-year period, the sales growth of Technology Sector giant was 41.93%. When this article was written, the company’s average yearly earnings per share was at 42.16%. With a float of $157.28 million, this company’s outstanding shares have now reached $159.84 million.
Let’s determine the extent of company efficiency that accounts for 5908 employees.
Okta Inc (OKTA) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Okta Inc stocks. The insider ownership of Okta Inc is 6.04%, while institutional ownership is 78.68%. The most recent insider transaction that took place on Mar 19 ’24, was worth 445,615. In this transaction Chief Accounting Officer of this company sold 4,279 shares at a rate of $104.14, taking the stock ownership to the 4,111 shares. Before that another transaction happened on Mar 14 ’24, when Company’s Director sold 5,000 for $106.96, making the entire transaction worth $534,812. This insider now owns 6,042 shares in total.
Okta Inc (OKTA) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 42.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% during the next five years compared to -13.20% drop over the previous five years of trading.
Okta Inc (NASDAQ: OKTA) Trading Performance Indicators
You can see what Okta Inc (OKTA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.98. Likewise, its price to free cash flow for the trailing twelve months is 31.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.18, a number that is poised to hit 0.54 in the next quarter and is forecasted to reach 2.61 in one year’s time.
Technical Analysis of Okta Inc (OKTA)
Looking closely at Okta Inc (NASDAQ: OKTA), its last 5-days average volume was 0.95 million, which is a drop from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 19.39%. Additionally, its Average True Range was 2.70.
During the past 100 days, Okta Inc’s (OKTA) raw stochastic average was set at 57.90%, which indicates a significant increase from 27.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.31% in the past 14 days, which was lower than the 48.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $98.84, while its 200-day Moving Average is $83.00. However, in the short run, Okta Inc’s stock first resistance to watch stands at $95.46. Second resistance stands at $96.56. The third major resistance level sits at $97.62. If the price goes on to break the first support level at $93.30, it is likely to go to the next support level at $92.24. Now, if the price goes above the second support level, the third support stands at $91.14.
Okta Inc (NASDAQ: OKTA) Key Stats
There are 167,397K outstanding shares of the company, which has a market capitalization of 15.80 billion. As of now, sales total 2,263 M while income totals -355,000 K. Its latest quarter income was 605,000 K while its last quarter net income were -44,000 K.
