An Evaluation Of Okta Inc (NASDAQ: OKTA) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

OKTA belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of Okta Inc is $13.29B. A total of 1.4 million shares were traded on the day, compared to an average of 2.13M shares.

In the most recent transaction, Schwartz Larissa sold 2,791 shares of OKTA for 71.50 per share on Nov 04 ’24. After the transaction, the insider now owns 22,125 company shares. In a previous transaction on Nov 04 ’24, LARISSA N SCHWARTZ bought 2,791 shares at 71.50 per share.

Among the insiders who sold shares, McKinnon Todd disposed of 224,533 shares on Oct 18 ’24 at a per-share price of $74.62. This resulted in the Chief Executive Officer holding 0 shares of OKTA after the transaction. In another insider transaction, Addison Jonathan James sold 9,850 shares at $77.63 per share on Oct 14 ’24. Company shares held by the Chief Revenue Officer now total 14,601.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, OKTA has a high of $114.50 and a low of $66.69.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $36.11, while its Total Shareholder’s Equity was $5.92B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.75.

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