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 $14.96B. A total of 1.39 million shares were traded on the day, compared to an average of 1.57M shares.

In the most recent transaction, Kerrest Jacques Frederic sold 1,552 shares of OKTA for 86.99 per share on Jun 20 ’24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jun 10 ’24, Kerrest Jacques Frederic sold 18,878 shares at 87.19 per share. OKTA shares that Director owns now total 0.

Among the insiders who sold shares, Ninan Shibu disposed of 4,279 shares on Mar 19 ’24 at a per-share price of $104.14. This resulted in the Chief Accounting Officer holding 4,111 shares of OKTA after the transaction. In another insider transaction, ARCHAMBEAU SHELLYE L sold 5,000 shares at $106.96 per share on Mar 14 ’24. Company shares held by the Director now total 6,042.

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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