Okta Inc Stock Buy Hold or Sell Recommendation
| OKTA Stock | USD 93.24 1.21 1.31% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Okta Inc is 'Strong Buy'. Macroaxis provides Okta buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Okta positions. The advice algorithm takes into account all of Okta's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Okta's buy or sell advice are summarized below:
Real Value 94.95 | Target Price 95.11 | Hype Value 93.21 | Market Value 93.24 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Okta Inc given historical horizon and risk tolerance towards Okta. When Macroaxis issues a 'buy' or 'sell' recommendation for Okta Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Okta |
Execute Okta Buy or Sell Advice
The Okta recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Okta Inc. Macroaxis does not own or have any residual interests in Okta Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Okta's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Okta Trading Alerts and Improvement Suggestions
| Okta Inc had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 2.26 B. Net Loss for the year was (355 M) with profit before overhead, payroll, taxes, and interest of 1.31 B. | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Okta, Inc. Is a Trending Stock Facts to Know Before Betting on It |
Okta Returns Distribution Density
The distribution of Okta's historical returns is an attempt to chart the uncertainty of Okta's future price movements. The chart of the probability distribution of Okta daily returns describes the distribution of returns around its average expected value. We use Okta Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Okta returns is essential to provide solid investment advice for Okta.
| Mean Return | 0.23 | Value At Risk | -2.96 | Potential Upside | 3.74 | Standard Deviation | 3.48 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Okta historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Okta Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Okta is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Okta Inc backward and forwards among themselves. Okta's institutional investor refers to the entity that pools money to purchase Okta's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2023-12-31 | 2.4 M | Marshall Wace Asset Management Ltd | 2023-12-31 | 2.2 M | Jpmorgan Chase & Co | 2023-12-31 | 2 M | Eminence Capital Llc | 2023-12-31 | 1.9 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.8 M | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2023-12-31 | 1.7 M | Norges Bank | 2023-12-31 | 1.7 M | Legal & General Group Plc | 2023-12-31 | 1.2 M | Squarepoint Ops Llc | 2023-12-31 | 1.1 M | Vanguard Group Inc | 2023-12-31 | 15.7 M | Fmr Inc | 2023-12-31 | 15.4 M |
Okta Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (9.6M) | 4.0M | 9.1M | (5.7M) | (6.6M) | (6.3M) | |
| Investments | (615.8M) | (1.3B) | (134.9M) | (103M) | 441M | 463.1M | |
| Change In Cash | 220.7M | (83.3M) | (176.0M) | (2M) | 71M | 74.6M | |
| Free Cash Flow | 27.7M | 110.6M | 87.4M | 63M | 488M | 512.4M | |
| Depreciation | 17.8M | 36.9M | 107.6M | 114M | 84M | 42.3M | |
| Other Non Cash Items | 70.8M | 125.2M | 144.5M | 110M | 39M | 63.1M | |
| Capital Expenditures | 27.9M | 17.4M | 16.8M | 23M | 24M | 18.2M | |
| Net Income | (208.9M) | (266.3M) | (848.4M) | (815M) | (355M) | (372.8M) | |
| End Period Cash Flow | 532.0M | 448.6M | 272.7M | 271M | 342M | 265.8M | |
| Change To Netincome | 79.5M | 131.1M | 560.2M | 568M | 653.2M | 685.9M | |
| Change Receivables | (37.5M) | (66.4M) | (174.8M) | (87M) | (78.3M) | (82.2M) |
Okta Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Okta or IT Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Okta's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Okta stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.08 | |
β | Beta against NYSE Composite | 1.91 | |
σ | Overall volatility | 3.54 | |
Ir | Information ratio | 0.04 |
Okta Volatility Alert
Okta Inc has relatively low volatility with skewness of 4.31 and kurtosis of 27.84. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Okta's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Okta's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Okta Implied Volatility
Okta's implied volatility exposes the market's sentiment of Okta Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Okta's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Okta stock will not fluctuate a lot when Okta's options are near their expiration.
Okta Fundamentals Vs Peers
Comparing Okta's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Okta's direct or indirect competition across all of the common fundamentals between Okta and the related equities. This way, we can detect undervalued stocks with similar characteristics as Okta or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Okta's fundamental indicators could also be used in its relative valuation, which is a method of valuing Okta by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Okta to competition |
| Fundamentals | Okta | Peer Average |
| Return On Equity | -0.0625 | -0.31 |
| Return On Asset | -0.0314 | -0.14 |
| Profit Margin | (0.16) % | (1.27) % |
| Operating Margin | (0.09) % | (5.51) % |
| Current Valuation | 14.5 B | 16.62 B |
| Shares Outstanding | 160.11 M | 571.82 M |
| Shares Owned By Insiders | 0.67 % | 10.09 % |
| Shares Owned By Institutions | 86.89 % | 39.21 % |
| Number Of Shares Shorted | 3.82 M | 4.71 M |
| Price To Earning | (7.58) X | 28.72 X |
| Price To Book | 2.79 X | 9.51 X |
| Price To Sales | 7.27 X | 11.42 X |
| Revenue | 2.26 B | 9.43 B |
| Gross Profit | 1.31 B | 27.38 B |
| EBITDA | (295 M) | 3.9 B |
| Net Income | (355 M) | 570.98 M |
| Cash And Equivalents | 2.48 B | 2.7 B |
| Cash Per Share | 15.59 X | 5.01 X |
| Total Debt | 1.3 B | 5.32 B |
| Debt To Equity | 0.44 % | 48.70 % |
| Current Ratio | 2.38 X | 2.16 X |
| Book Value Per Share | 35.23 X | 1.93 K |
| Cash Flow From Operations | 512 M | 971.22 M |
| Short Ratio | 1.25 X | 4.00 X |
| Earnings Per Share | (2.17) X | 3.12 X |
| Price To Earnings To Growth | 1.73 X | 4.89 X |
| Target Price | 113.83 | |
| Number Of Employees | 5.91 K | 18.84 K |
| Beta | 0.96 | -0.15 |
| Market Capitalization | 15.41 B | 19.03 B |
| Total Asset | 8.99 B | 29.47 B |
| Retained Earnings | (2.83 B) | 9.33 B |
| Working Capital | 1.2 B | 1.48 B |
Note: Disposition of 302 shares by Brett Tighe of Okta subject to Rule 16b-3 [view details]
Okta Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Okta . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 24350.85 | |||
| Daily Balance Of Power | 0.5426 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 92.81 | |||
| Day Typical Price | 92.95 | |||
| Price Action Indicator | 1.04 | |||
| Period Momentum Indicator | 1.21 |
About Okta Buy or Sell Advice
When is the right time to buy or sell Okta Inc? Buying financial instruments such as Okta Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 233.1M | 179M | 251M | 263.6M | Total Assets | 9.2B | 9.3B | 9.0B | 9.4B |
Use Investing Ideas to Build Portfolios
In addition to having Okta in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Okta Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Okta Stock analysis
When running Okta's price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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Is Okta's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 13.83 | Quarterly Revenue Growth 0.186 | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.