Analyst Expects Okta Inc (NASDAQ: OKTA) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, OKTA falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of Okta Inc is $14.71B. A total of 1.02 million shares were traded on the day, compared to an average of 1.59M shares.

In the most recent transaction, Ninan Shibu sold 4,279 shares of OKTA for 104.14 per share on Mar 19 ’24. After the transaction, the Chief Accounting Officer now owns 4,111 company shares. In a previous transaction on Mar 14 ’24, ARCHAMBEAU SHELLYE L sold 5,000 shares at 106.96 per share. OKTA shares that Director owns now total 6,042.

Among the insiders who sold shares, Ninan Shibu disposed of 2,500 shares on Feb 16 ’24 at a per-share price of $90.23. This resulted in the Chief Accounting Officer holding 6,539 shares of OKTA after the transaction. In another insider transaction, Schwartz Larissa sold 872 shares at $82.83 per share on Jan 16 ’24. Company shares held by the insider now total 22,125.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, OKTA has a high of $114.50 and a low of $65.04.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OKTA’s latest balance sheet shows that the firm has $2.50B in Cash & Short Term Investments as of fiscal 2022. There were $2.03B in debt and $1.24B in liabilities at the time. Its Book Value Per Share was $35.39, while its Total Shareholder’s Equity was $5.92B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OKTA is Buy with a score of 3.81.

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