Okta Inc (NASDAQ: OKTA) on Friday, soared 0.49% from the previous trading day, before settling in for the closing price of $93.76. Within the past 52 weeks, OKTA’s price has moved between $70.56 and $114.50.
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Annual sales at Technology sector company grew by 41.93% over the past five years. The company achieved an average annual earnings per share of 73.09%. With a float of $161.57 million, this company’s outstanding shares have now reached $163.60 million.
Let’s look at the performance matrix of the company that is accounted for 5908 employees. In terms of profitability, gross margin is 76.12%, operating margin of -6.51%, and the pretax margin is -1.14%.
Okta Inc (OKTA) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Okta Inc is 5.71%, while institutional ownership is 80.99%. The most recent insider transaction that took place on Jan 28 ’25, was worth 12,090,000. In this transaction Director of this company sold 130,000 shares at a rate of $93.00, taking the stock ownership to the 0 shares. Before that another transaction happened on Jan 28 ’25, when Company’s Director sold 19,998 for $93.00, making the entire transaction worth $1,859,814. This insider now owns 0 shares in total.
Okta Inc (OKTA) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.7 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 73.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.49% during the next five years compared to -13.20% drop over the previous five years of trading.
Okta Inc (NASDAQ: OKTA) Trading Performance Indicators
Okta Inc (OKTA) is currently performing well based on its current performance indicators. A quick ratio of 1.29 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.37. Likewise, its price to free cash flow for the trailing twelve months is 25.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit 0.74 in the next quarter and is forecasted to reach 2.93 in one year’s time.
Technical Analysis of Okta Inc (OKTA)
Okta Inc (NASDAQ: OKTA) saw its 5-day average volume 2.87 million, a positive change from its year-to-date volume of 2.63 million. As of the previous 9 days, the stock’s Stochastic %D was 80.90%. Additionally, its Average True Range was 2.75.
During the past 100 days, Okta Inc’s (OKTA) raw stochastic average was set at 92.91%, which indicates a significant increase from 87.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.18% in the past 14 days, which was lower than the 29.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $83.31, while its 200-day Moving Average is $85.79. Nevertheless, the first resistance level for the watch stands at $95.06 in the near term. At $95.91, the stock is likely to face the second major resistance level. The third major resistance level sits at $96.57. If the price goes on to break the first support level at $93.55, it is likely to go to the next support level at $92.89. Assuming the price breaks the second support level, the third support level stands at $92.04.
Okta Inc (NASDAQ: OKTA) Key Stats
Market capitalization of the company is 16.15 billion based on 171,355K outstanding shares. Right now, sales total 2,263 M and income totals -355,000 K. The company made 665,000 K in profit during its latest quarter, and 16,000 K in sales during its previous quarter.
