Stocks of Okta Inc (NASDAQ:OKTA) traded higher last session on Wall Street, down -1.68% to $74.45.
OKTA stock price is now -8.02% away from the 50-day moving average and -17.59% away from the 200-day moving average. The market capitalization of the company currently stands at $12.65B.
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On August 29, 2024, BMO Capital Markets reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $100 to quote $103, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Addison Jonathan James, Chief Revenue Officer sold 9,850 shares of the company’s stock on Oct 14 ’24. The stock was sold for $764,648 at an average price of $77.63. Upon completion of the transaction, the Chief Revenue Officer now directly owns 14,601 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, Schwartz Larissa sold 2,797 shares of the business’s stock. A total of $217,131 was realized by selling the stock at an average price of $77.63. This leaves the insider owning 24,916 shares of the company worth $1.85 million. A total of 5.97% of the company’s stock is owned by insiders.
During the past 12 months, Okta Inc has had a low of $65.04 and a high of $114.50. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.76, and a quick ratio of 1.76. The fifty day moving average price for OKTA is $80.9454 and a two-hundred day moving average price translates $90.3464 for the stock.
The latest earnings results from Okta Inc (NASDAQ: OKTA) was released for 2024-07-31. The net profit margin was -5.55% and return on equity was -2.31% for OKTA. The company reported revenue of $646.0 million for the quarter, compared to $556.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.19 percent.
