Okta Inc. Class A (NASDAQ:OKTA) shares traded 5.68% up during most recent session to reach at the closing price of $27.15. The stock exchanged hands 2.09 Million shares versus average trading capacity of 542.57 Million shares, yielding a market cap of $2.5 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $28 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Okta Inc. Class A (NASDAQ:OKTA) high price target of $33 and with a conservative view have low price target of $22.
Canaccord Genuity “Initiates Coverage On” Okta Inc. Class A (NASDAQ:OKTA) in a research note issued to investors on 5/02/17 to Hold with price target of $25.
Additionally on 5/02/17 Goldman Sachs “Initiates Coverage On” Okta Inc. Class A (NASDAQ:OKTA) to Neutral setting price target at $22 and on 5/02/17 JMP Securities “Initiates Coverage On” the stock to Market Perform at $0. Furthermore on 5/02/17 Pacific Crest “Initiates Coverage On” the stock to Overweight at $32.
On the other hand the company has Relative Strength Index (RSI 14) of 66.75 along with Average True Range (ATR 14) of 1.23, Consequently Okta Inc. Class A (NASDAQ:OKTA)’s weekly and monthly volatility is 5.12%, 4.72% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Okta Inc. Class A (NASDAQ:OKTA) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Okta Inc. Class A (NASDAQ:OKTA)’s minimum EPS for the current quarter is at $-0.26 and can go high up to $-0.25. The consensus mean EPS for the current quarter is at $-0.26 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings.
Previously Okta Inc. Class A (NASDAQ:OKTA) reported $-0.5 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.62 by $0.12. The company posted an earnings surprise of 19.4%.
Okta Inc. Class A (NASDAQ:OKTA)’s revenue estimates for the current quarter are $53.98 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $55.03 Million in contradiction of low revenue estimates of $53.4 Million. For the current year the company’s revenue estimates are $226.79 Million compared to low analyst estimates of $224.5 Million and high estimates of $230.47 Million according to 5 number of analysts.
Currently Okta Inc. Class A (NASDAQ:OKTA)’s shares owned by insiders are 0%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0%.
Okta Inc. Class A (NASDAQ:OKTA) 52-week high price stands at $26.90 and low price stands at $22.60, its price distance from 52-week high is 0.93% while its distance from 52-week low price is 20.13%. The stock hit its 52-week high on 06/08/17, and 52-week low on 04/07/17.
Okta Inc. Class A (NASDAQ:OKTA)’s trailing twelve month revenues are $160.3 Million, whereas its price to sales ratio for the same period is 15.6. Its book value per share for the most recent quarter is $-12 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.41, however its price to cash per share ratio for the same period is 66.33. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.