Okta (OKTA) Scheduled to Post Quarterly Earnings on Tuesday

Okta (NASDAQ:OKTA) is scheduled to release its earnings data after the market closes on Tuesday, December 3rd. Analysts expect Okta to post earnings of $0.57 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $77.56 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. Okta has a 12 month low of $66.69 and a 12 month high of $114.50. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of -92.33, a PEG ratio of 18.99 and a beta of 1.02. The firm’s 50-day moving average is $74.94 and its 200 day moving average is $84.67.

Insider Buying and Selling

In other news, CEO Todd Mckinnon sold 32,516 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $76.22, for a total value of $2,478,369.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Larissa Schwartz sold 2,791 shares of Okta stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $71.50, for a total value of $199,556.50. Following the sale, the insider now directly owns 22,125 shares of the company’s stock, valued at $1,581,937.50. This trade represents a 11.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 475,789 shares of company stock worth $35,701,361 in the last ninety days. 7.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OKTA shares. Jefferies Financial Group reduced their price target on Okta from $100.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, September 24th. Scotiabank decreased their target price on Okta from $104.00 to $92.00 and set a “sector perform” rating for the company in a research report on Thursday, August 29th. Robert W. Baird cut their price target on shares of Okta from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. BTIG Research decreased their price objective on shares of Okta from $128.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, DA Davidson dropped their target price on shares of Okta from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $98.45.

Okta Company Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.