In Wednesday’s Wall Street session, Okta Inc (NASDAQ:OKTA) shares traded at $116.31, up 7.39% from the previous session.
OKTA stock price is now 28.92% away from the 50-day moving average and 35.48% away from the 200-day moving average. The market capitalization of the company currently stands at $19.93B.
With the price target enhanced from $110 to $127, Mizuho Upgraded its rating from Neutral to Outperform for Okta Inc (NASDAQ: OKTA). On March 04, 2025, DA Davidson Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $90 to quote $125, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Kerrest Jacques Frederic, Officer bought 163,865 shares of the company’s stock on Mar 05 ’25. The stock was bought for $18,209,816 at an average price of $111.13. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’25, Officer Kerrest Jacques Frederic bought 149,998 shares of the business’s stock. A total of $15,749,790 was incurred on buying the stock at an average price of $105.00. A total of 5.38% of the company’s stock is owned by insiders.
During the past 12 months, Okta Inc has had a low of $70.56 and a high of $114.50. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.30, and a quick ratio of 1.29.
The net profit margin was 1.07% and return on equity was 0.46% for OKTA. The company reported revenue of $665.0 million for the quarter, compared to $584.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.87 percent.