Okta Inc. Class A (NASDAQ:OKTA) shares traded 3.1% up during most recent session to reach at the closing price of $83.17. The stock exchanged hands 991596 shares versus average trading capacity of 2.22 Million shares, yielding a market cap of $8.91 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $76.41 within the next 52-weeks. The mean target projections are based on 17 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 $88 and with a conservative view have low price target of $62.
Morgan Stanley “Initiates Coverage On” Okta Inc. Class A (NASDAQ:OKTA) in a research note issued to investors on 2/04/19 to Equal-Weight with price target of $85.
Additionally on 2/04/19 KeyBanc “Downgrades” Okta Inc. Class A (NASDAQ:OKTA) to Sector Weight setting price target at $0 and on 1/11/19 PiperJaffray “Initiates Coverage On” the stock to Overweight at $80. Furthermore on 12/19/18 DA Davidson “Initiates Coverage On” the stock to Neutral at $62.
On the other hand the company has Relative Strength Index (RSI 14) of 66.61 along with Average True Range (ATR 14) of 3.29, Consequently Okta Inc. Class A (NASDAQ:OKTA)’s weekly and monthly volatility is 3.80%, 4.06% 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 1.9. 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 $-0.09 and can go high up to $-0.04. The consensus mean EPS for the current quarter is at $-0.08 derived from a total of 16 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.1 earnings per share for the same quarter during last year.
Previously Okta Inc. Class A (NASDAQ:OKTA) reported $-0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.11 by $0.07. The company posted an earnings surprise of 63.6%.
Okta Inc. Class A (NASDAQ:OKTA)’s revenue estimates for the current quarter are $107.95 Million according to 16 number of analysts, for the current quarter the company has high revenue estimates of $110 Million in contradiction of low revenue estimates of $107.22 Million. For the current year the company’s revenue estimates are $391.72 Million compared to low analyst estimates of $391 Million and high estimates of $393.8 Million according to 17 number of analysts.
Currently Okta Inc. Class A (NASDAQ:OKTA)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 71%. However the six-month change in the insider ownership was recorded -78.66%, as well as three-month change in the institutional ownership was recorded 0.48%.
Okta Inc. Class A (NASDAQ:OKTA)’s trailing twelve month revenues are $361.5 Million, whereas its price to sales ratio for the same period is 24.65. Its book value per share for the most recent quarter is $2.25 while its price to book ratio for the same period is 36.96, as for as the company’s cash per share for the most recent quarter is $5.1, however its price to cash per share ratio for the same period is 16.32. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.