The Street Is Finally Waking Up To 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.

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 $14.64B. A total of 2.34 million shares were traded on the day, compared to an average of 3.04M shares.

In the most recent transaction, Schwartz Larissa sold 2,704 shares of OKTA for 80.50 per share on Dec 30 ’24. After the transaction, the insider now owns 24,462 company shares. In a previous transaction on Dec 30 ’24, LARISSA SCHWARTZ bought 2,704 shares at 81.64 per share.

Among the insiders who sold shares, McKinnon Todd disposed of 233,028 shares on Dec 20 ’24 at a per-share price of $82.31. This resulted in the Chief Executive Officer holding 0 shares of OKTA after the transaction. In another insider transaction, Todd McKinnon bought 233,028 shares at $80.98 per share on Dec 20 ’24.

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 $70.56.

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 $36.56, 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 3.89.

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