Okta, Inc. (NASDAQ:OKTA – Get Rating) CAO Shibu Ninan sold 197 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $82.48, for a total value of $16,248.56. Following the sale, the chief accounting officer now directly owns 279 shares in the company, valued at approximately $23,011.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Okta Trading Down 0.6 %
OKTA traded down $0.53 during mid-day trading on Friday, hitting $83.83. The stock had a trading volume of 3,018,648 shares, compared to its average volume of 2,817,271. The stock’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $64.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.20 and a quick ratio of 2.30. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of -16.21 and a beta of 1.12. Okta, Inc. has a 1-year low of $44.12 and a 1-year high of $176.18.
Okta (NASDAQ:OKTA – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.11. Okta had a negative net margin of 43.87% and a negative return on equity of 12.53%. The company had revenue of $510.00 million during the quarter, compared to the consensus estimate of $488.99 million. As a group, research analysts forecast that Okta, Inc. will post -3.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Okta
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Bank of America started coverage on Okta in a research report on Monday, February 13th. They set an “underperform” rating and a $64.00 price objective for the company. Citigroup upped their price objective on Okta from $70.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd. Oppenheimer upped their price target on shares of Okta from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. KeyCorp upped their price target on shares of Okta from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 24th. Finally, BMO Capital Markets upped their price objective on shares of Okta from $80.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, March 2nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.32.
Okta Company Profile
Okta, Inc engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm’s products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management.
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