Okta (Brazil) Today
| O1KT34 Stock | BRL 24.12 0.63 2.55% |
Performance6 of 100
| Odds Of DistressLess than 22
|
Okta is trading at 24.12 as of the 24th of April 2024, a -2.55 percent decrease since the beginning of the trading day. The stock's open price was 24.75. Okta has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Okta Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Okta, Inc. provides identity management platform 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. The company has 3.2 B outstanding shares. More on Okta Inc
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Moving against Okta Stock
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Follow Valuation Odds of Bankruptcy
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Okta Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Okta's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Okta or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Software—Infrastructure, Technology (View all Sectors) |
Okta Inc (O1KT34) is traded on Sao Paulo Exchange in Brazil and employs 6,037 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 65.35 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 Inc operates under Technology sector and is part of Software—Infrastructure industry. The entity has 3.2 B outstanding shares.
Okta Inc has accumulated about 2.69 B in cash with 104.12 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 20.29.
Check Okta Probability Of Bankruptcy
Okta Stock Price Odds Analysis
What are Okta's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Okta jumping above the current price in 90 days from now is about 45.49%. The Okta Inc probability density function shows the probability of Okta stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Okta has a beta of 0.0983. This indicates as returns on the market go up, Okta average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Okta Inc will be expected to be much smaller as well. Additionally, okta Inc has an alpha of 0.309, implying that it can generate a 0.31 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Okta to move above the current price in 90 days from now is about 45.49 (This Okta Inc probability density function shows the probability of Okta Stock to fall within a particular range of prices over 90 days) .
Okta Inc Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Okta market risk premium is the additional return an investor will receive from holding Okta long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Okta. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Okta's alpha and beta are two of the key measurements used to evaluate Okta's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.33 | |||
| Semi Deviation | 1.06 | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.68 |
Okta Stock Against Markets
Picking the right benchmark for Okta stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Okta stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Okta is critical whether you are bullish or bearish towards Okta Inc at a given time. Please also check how Okta's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Okta without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Okta Corporate Management
Elected by the shareholders, the Okta's board of directors comprises two types of representatives: Okta inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Okta. The board's role is to monitor Okta's management team and ensure that shareholders' interests are well served. Okta's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Okta's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jonathan Runyan | G Sec | Profile | |
| Brett Tighe | Chief Officer | Profile | |
| Shibu Ninan | Chief Officer | Profile | |
| Eugenio Pace | Cofounder Identity | Profile | |
| Michael Kourey | Advisor | Profile | |
| Sagnik Nandy | Pres Identity | Profile | |
| Todd McKinnon | Chairman CoFounder | Profile |
How to buy Okta Stock?
Before investing in Okta, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Okta. To buy Okta stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Okta. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Okta stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Okta Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Okta Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Okta Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Okta Stock please use our How to Invest in Okta guide.
Already Invested in Okta Inc?
The danger of trading Okta Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Okta is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Okta. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Okta Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock: 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 nation. Note that the Okta Inc information on this page should be used as a complementary analysis to other Okta's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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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