Okta Inc Stock Analysis

OKTA
 Stock
  

USD 56.87  0.07  0.12%   

The big decline in price over the last few months for Okta Inc Clmay encourage investors to take a closer look at the company as it is trading at a share price of 56.87 on 4,042,215 in trading volume. The company directors and management failed to add value to investors and position the company supply of money to exploit market volatility in August. However, diversifying your holdings with Okta Inc Cl or similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.37. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Okta Inc partners.
Please check Your Equity Center.
  
The Okta Inc stock analysis report makes it easy to digest most publicly released information about Okta Inc and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Okta Inc Stock analysis module also helps to analyze the Okta Inc price relationship with some important fundamental indicators such as market cap and management efficiency.

Okta Inc Stock Analysis Notes

About 82.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.66. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Okta Inc Cl recorded a loss per share of 6.37. 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 Cl contact Todd McKinnon at 888 722 7871 or learn more at https://www.okta.com.

Okta Inc Cl Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Okta Inc's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Okta Inc Cl or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Okta Inc Cl generated a negative expected return over the last 90 days
Okta Inc Cl has high historical volatility and very poor performance
The company reported the previous year's revenue of 1.6 B. Net Loss for the year was (915.68 M) with profit before overhead, payroll, taxes, and interest of 905.68 M.
Over 82.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Okta Inc exotic insider transaction detected

Okta Inc Cl Upcoming and Recent Events

Earnings reports are used by Okta Inc to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Okta Inc previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report2nd of March 2022
Next Financial Report25th of May 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End2nd of March 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

Okta Inc Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Okta Inc is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Okta Inc Cl backward and forwards among themselves. Okta Inc's institutional investor refers to the entity that pools money to purchase Okta Inc's securities or originate 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.
Security TypeSharesValue
Goldman Sachs Group IncDebt26.3 M2.3 B
Vanguard Group IncCommon Shares13.8 M1.3 B
Price T Rowe Associates IncCommon Shares12.8 M1.2 B
Blackrock IncCommon Shares11.5 MB
Fmr LlcCommon Shares4.7 M424.5 M
Wellington Management Group LlpCommon Shares4.1 M374.2 M
First Trust Advisors LpCommon Shares3.5 M317 M
State Street CorpCommon Shares2.9 M262 M
Citadel Advisors LlcCall Options1.9 M169.5 M
Note, although Okta Inc'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 Inc Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 9.04 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Okta Inc's market, we take the total number of its shares issued and multiply it by Okta Inc'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 these looking for more risk prefer small-cap and mid-cap equities.

Okta Inc Profitablity

Okta Inc's profitability indicators refer to fundamental financial ratios that showcase Okta Inc's ability to generate income relative to its revenue or operating costs. If, let's say, Okta Inc is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Okta Inc's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Okta Inc's profitability requires more research than a typical breakdown of Okta Inc's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (57.21) %, 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 (41.22) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -0.41.

Management Efficiency

The entity has return on total asset (ROA) of (5.35) % which means that it has lost $5.35 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (15.93) %, meaning that it created substantial loss on money invested by shareholders. Okta Inc management efficiency ratios could be used to measure how well okta inc cl manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 30th of September, Okta Inc holds the risk adjusted performance of (0.11), and Coefficient Of Variation of (931.41). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Okta Inc, 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 Cl, which can be compared to its competitors. Please check Okta Inc Cl information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Okta Inc Cl is priced some-what accurately, providing market reflects its current price of 56.87 per share. Given that Okta Inc has jensen alpha of (0.44), we recommend you to check out Okta Inc Cl's recent market performance to make sure the company can sustain itself at a future point.

Okta Inc Cl Price Movement Analysis

The output start index for this execution was thirty with a total number of output elements of thirty-one. The Moving Average is predictive technique used to analyze Okta Inc Cl price data points by creating a series of averages of different subsets of Okta Inc entire price series.
.

Okta Inc Cl Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Okta Inc insiders, such as employees or executives, is commonly permitted as long as it does not rely on Okta Inc's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Okta Inc insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Okta Inc Technical and Predictive Indicators

Okta Inc Forecast Models

Okta Inc time-series forecasting models is one of many Okta Inc's stock analysis techniquest aimed to predict 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 Inc'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.

About Okta Inc Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Okta Inc 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 Inc 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 Inc. By using and applying Okta Inc Stock analysis, traders can create a robust methodology for identifying Okta Inc entry and exit points for their positions.
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.

Current Okta Inc Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Okta Inc 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 Inc 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.
Target PriceAdvice# of Analysts
278.35Buy20Odds
Okta Inc Cl current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Okta Inc analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Okta Inc stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Okta Inc Cl, talking to its executives and customers, or listening to Okta Inc conference calls.
Okta Inc Analyst Advice Details

Okta Inc Stock Analysis Indicators

Okta Inc Cl stock analysis indicators help investors evaluate how Okta Inc 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 Inc shares will generate the highest return on investment. By understating and applying Okta Inc stock analysis, traders can identify Okta Inc position entry and exit signals to maximize returns.
Quick Ratio2.27
Fifty Two Week Low52.75
Revenue Growth43.20%
Average Daily Volume Last 10 Day4.61M
Shares Short Prior Month7.55M
Average Daily Volume In Three Month3.95M
Shares Percent Shares Out4.79%
Gross Margins68.99%
Forward Price Earnings-189.57
Short Percent Of Float5.04%
Float Shares150.45M
Fifty Two Week High272.27
Fifty Day Average83.35
Enterprise Value To Ebitda-12.91
Two Hundred Day Average130.79
Enterprise Value To Revenue5.32
Please check Your Equity Center. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for analysis

When running Okta Inc Cl price analysis, check to measure Okta Inc'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 Inc is operating at the current time. Most of Okta Inc's value examination focuses on studying past and present price action to predict the probability of Okta Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Okta Inc's price. Additionally, you may evaluate how the addition of Okta Inc to your portfolios can decrease your overall portfolio volatility.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Is Okta Inc'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 Inc. If investors know Okta Inc 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 Inc 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 Cl is measured differently than its book value, which is the value of Okta Inc that is recorded on the company's balance sheet. Investors also form their own opinion of Okta Inc's value that differs from its market value or its book value, called intrinsic value, which is Okta Inc'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 Inc's market value can be influenced by many factors that don't directly affect Okta Inc'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 Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta Inc'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.