In today’s recent session, 12.88 million shares of the Okta Inc (NASDAQ:OKTA) have been traded, and its beta is 0.92. Most recently the company’s share price was $108.77, and it changed around -$16.73 or -13.33% from the last close, which brings the market valuation of the company to $19.03B. OKTA at last check was trading at a discount to its 52-week high of $127.57, offering almost -17.28% off that amount. The share price’s 52-week low was $70.56, which indicates that the recent value has risen by an impressive 35.13% since then. We note from Okta Inc’s average daily trading volume that its 10-day average is 3.08 million shares, with the 3-month average coming to 4.02 million.
Okta Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 45 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 18 recommended OKTA as a Hold, whereas 18 deemed it a Buy, and 1 rated it as Underweight.
Okta Inc (NASDAQ:OKTA) trade information
Instantly OKTA has been showing red trend so far today with a performance of -13.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 127.52 on recent trading dayincreased the stock’s daily price by 14.7%. The company’s shares are currently up 38.03% year-to-date, but still down -13.36% over the last five days. On the other hand, Okta Inc (NASDAQ:OKTA) is 3.80% up in the 30-day period. We can see from the shorts that 5.21 million shares have been sold at a short interest cover period of 1.23 day(s).
The consensus price target as assigned by Wall Street analysts is $120, which translates to bulls needing to increase their stock price by 9.36% from its current value. Analyst projections state that OKTA is forecast to be at a low of $90 and a high of $135.
Okta Inc earnings are expected to increase by 16.04% in 2025, but the outlook is positive 12.78% per year for the next five years.
OKTA Dividends
Okta Inc’s next quarterly earnings report is expected to be released on 2025-May-26.
Okta Inc (NASDAQ:OKTA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.52% of Okta Inc shares, and 89.60% of them are in the hands of institutional investors. The stock currently has a share float of 90.07%. Okta Inc stock is held by 1034.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 10.1053% of the shares, which is about 17.04 million shares worth $1.59 billion.
VANGUARD GROUP INC, with 9.8493% or 16.61 million shares worth $1.55 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Trust-iShares Core S&P Mid-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Apr 30, 2025 . The former held 5.3 shares worth $572.65 million, making up 3.17% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 5.07 shares worth around $547.82 million, which represents about 3.03% of the total shares outstanding.
