Investors’ Patience Is Being Tested Right Now By Okta Inc (NASDAQ: OKTA)

After Hours

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.

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Stocks Info

Okta Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Okta Inc is $15.75B. A total of 3.9 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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