Okta Inc Stock Analysis

Okta Stock Analysis Notes

About 87.0% of the company shares are owned by institutional investors. The book value of Okta was now reported as 35.23. The company has Price/Earnings To Growth (PEG) ratio of 1.73. Okta Inc recorded a loss per share of 2.17. The entity had not issued any dividends in recent years. Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Okta Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 5776 people. To find out more about Okta Inc contact Cole Breidenbach at 888 722 7871 or learn more at https://www.okta.com.

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Okta Stock Institutional Investors

Note, although Okta's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Okta Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 15.82 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Okta's market, we take the total number of its shares issued and multiply it by Okta's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Okta Profitablity

The company has Profit Margin (PM) of (0.16) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.09) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.09.

Management Efficiency

Okta Inc has return on total asset (ROA) of (0.0314) % which means that it has lost $0.0314 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0625) %, meaning that it created substantial loss on money invested by shareholders. Okta's management efficiency ratios could be used to measure how well Okta manages its routine affairs as well as how well it operates its assets and liabilities. As of April 25, 2024, Return On Tangible Assets is expected to decline to -0.11. The current year's Return On Capital Employed is expected to grow to -0.07. At present, Okta's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 6.4 B, whereas Net Tangible Assets are projected to grow to (191.2 M).

Technical Drivers

As of the 25th of April, Okta holds the Coefficient Of Variation of 1237.5, semi deviation of 1.85, and Risk Adjusted Performance of 0.0586. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Okta, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Okta Inc, which can be compared to its competitors. Please check Okta Inc information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Okta Inc is priced some-what accurately, providing market reflects its current price of 93.76 per share. Given that Okta has jensen alpha of 0.106, we recommend you to check out Okta Inc's recent market performance to make sure the company can sustain itself at a future point.

Okta Inc Price Movement Analysis

Okta Inc Insider Trading Activities

Okta Outstanding Bonds

Okta Predictive Daily Indicators

Okta Corporate Filings

Okta Forecast Models

Okta's time-series forecasting models are one of many Okta's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Okta's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Okta prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Okta shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Okta. By using and applying Okta Stock analysis, traders can create a robust methodology for identifying Okta entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Okta analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Okta analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Okta Inc stock analysis indicators help investors evaluate how Okta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Okta shares will generate the highest return on investment. By understating and applying Okta stock analysis, traders can identify Okta position entry and exit signals to maximize returns.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.

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.

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.