Now Might be the Best Time to Buy In: Okta Inc. (OKTA)

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Okta Inc. kicked off the trading day on 10/10/19 with a price decrease of -3.08%, equivalent to -$3.64 relative change for the day. Taking a more long-term approach, OKTA had a 52-week range of $41.88 to $141.85. At the time of this article’s publishing, this stock is trading at $114.57 after starting the trading session at $117.00. At the time of writing, this stock’s 50-day Moving Average stands at $119.10, while the 200-day Moving Average of this stock is currently $104.05.

Currently, this company’s share volume is sitting at $2540973, but has maintained average daily volume of $2.49M. This stock has generated an average Year to Date volume of $2.29 million, alongside an average 20-day volume of $3.53 million. This publicly-traded company’s shares outstanding now amounts to $114.36 million, simultaneously with a float of $104.66 million. The organization now has a market capitalization sitting at $13.10 billion.

Okta Inc.(OKTA) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. Okta Inc.’s current insider ownership accounts for 0.30%, in contrast to 78.10% institutional ownership. According to the most recent latest insider trade that took place on Sep 16 this organization’s Director sold 48,897 at the rate of 102.57, making the entire transaction hit 5,015,498 in total value, affecting insider ownership by 1,253,617. Preceding that transaction, on Sep 16 Company’s Director sold 17,500 at a price of 102.73, making the whole transaction’s value amount to 1,797,831. This particular insider is now the holder of 0 in total.

If we take a glance at the Ownership summary of Okta Inc.’s stock, Institutional holders make up 78.10% of its total stock ownership. All together, they are the legal holders of 114.36M shares. If we focus on the top 3 stockholders for this publicly-traded organization, Fidelity Management & Research Co. owns 10,981,242 shares, with The Vanguard Group, Inc. in 2nd place owning 9,289,414 shares and BlackRock Fund Advisors in third place with total ownership of 4,612,130 shares.

Okta Inc. (OKTA) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on 7/30/2019, the organization reported -$0.05 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at -$0.11) by $0.06.

This company achieved a net margin of -31.9 while generating a return on equity of -63.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.

Okta Inc.’s EPS increase for this current 12-month fiscal period is 11.80%, and is forecasted to reach -0.18 in the upcoming year.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for Okta Inc., this organization’s Quick Ratio in the last reported quarter now stands at 1.10. The company has managed to achieve an average true range (ATR) of 5.67.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 26.92 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 779.89. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 52.56, whereas its price to cash per share for the last quarter landed at 4.87.

In the same vein, OKTA’s Diluted EPS (Earnings per Share) trailing twelve months was posted at -1.39, a figure that is expected to reach -0.12 in the next reported quarter, and analysts expect it will be -0.18 at the market close of one year from today’s date.