Okta Inc. (NASDAQ:OKTA) has a beta value of 0.96 and has seen 2,173,226 shares traded in the last trading session. The company, currently valued at $33.58 Billion, closed the last trade at $255.92 per share which meant it lost -$13.78 on the day or -5.11% during that session. The OKTA stock price is -14.88% off its 52-week high price of $294 and 51.74% above the 52-week low of $123.5. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.67 Million shares traded. The 3-month trading volume is 1.64 Million shares.
The consensus among analysts is that Okta Inc. (OKTA) is an Overweight stock at the moment, with a recommendation rating of 2.1. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 9 out of 23 have rated it as a Hold, with 13 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.2.
Okta Inc. (NASDAQ:OKTA) trade information
Despite being -5.11% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the OKTA stock price touched $286.26 or saw a rise of 10.6%. Year-to-date, Okta Inc. shares have moved 0.65%, while the 5-day performance has seen it change -10.31%. Over the past 30 days, the shares of Okta Inc. (NASDAQ:OKTA) have changed 11.41%. Short interest in the company has seen 6.03 Million shares shorted with days to cover at 3.68.
Wall Street analysts have a consensus price target for the stock at $275.06, which means that the shares’ value could jump 7.48% from current levels. The projected low price target is $235 while the price target rests at a high of $316. In that case, then, we find that the current price level is +23.48% off the targeted high while a plunge would see the stock lose -8.17% from current levels.
Okta Inc. (OKTA) estimates and forecasts
Figures show that Okta Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +17.21% over the past 6 months, with this year growth rate of -554.55%, compared to 3.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -185.7% and -257.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +30.4%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -20% over the past 5 years. Earnings growth for 2021 is a modest -17.5% while over the next 5 years, the company’s earnings are expected to increase by -0.02%.
Okta Inc. (NASDAQ:OKTA)’s Major holders
Insiders own 1.17% of the company shares, while shares held by institutions stand at 82.58% with a share float percentage of 83.56%. Investors are also buoyed by the number of investors in a company, with Okta Inc. having a total of 979 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 11.04 Million shares worth more than $2.81 Billion. As of December 30, 2020, Vanguard Group Inc. (The) held 8.97% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 9.51 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.42 Billion and represent 7.73% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Contrafund Inc. As of December 30, 2020, the former fund manager holds about 2.74% shares in the company for having 3377306 shares of worth $858.71 Million while later fund manager owns 3.28 Million shares of worth $856.57 Million as of February 27, 2021, which makes it owner of about 2.66% of company’s outstanding stock.