Despite recent market volatility, Okta Inc. shares are up

Okta Inc. (OKTA) stock's price has risen by 1.19% since its close of 72.56. Despite this, the company's stock price has dropped -6.42% in the previous five trading sessions, according to Trade Algo, which published on 09/01/22 that Okta Reports Good Earnings. Still, Stock Drops on Merger Integration Problems, and OKTA's 36-month beta value is 1.11. Experts have mixed feelings about the stock, with 23 ranking it as a "buy," 3 as "overweight," 11 as "hold," and three as "sell."

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Analysts' average price objective for OKTA is $80.08, which is $7.33 more than the current market price. The public float for OKTA is 151.76 million, and shorts now control 3.59% of that float. On February 24, 2023, the average trading volume for OKTA was 3.27M shares.

Okta Inc. (OKTA) Stock: Monitoring the Weekly Performance

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Okta Inc. (OKTA) stock has down -6.42% in the last week but has gained 6.87% in the last month and 52.04% in the last quarter. OKTA's weekly volatility ratio is 3.36%, while its volatility levels for the last 30 days are 4.69%. OKTA stock has a simple moving average of -1.80% over the last 20 days and a simple moving average of -2.13% over the previous 200 days.

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OKTA Analysts' Viewpoint

Numerous brokerage companies have already provided reports for OKTA stocks, with Goldman reiterating the rating for OKTA by designating it as a "Sell." According to Goldman, the expected price for OKTA in the following term is $70, based on the research report issued on February 14, 2023.

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In their research note, BofA Securities claimed that they expect OKTA to achieve a price objective of $64. According to the research released on February 13, 2023, they have assigned an "Underperform" rating to OKTA stocks.

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In research released on February 2 this year, Needham assigned OKTA a "Buy" rating and put the target price at $90.

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OKTA is now trading at 3.89% of its 50-Day Moving Average.

After a market stumble that took OKTA to its 52-week low price, the firm could not recover, closing with a -61.13% loss for the provided time.

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Volatility remained at 4.69%, but it grew by 3.36% over the past 30 days, as shares surged +8.03% for the moving average during the last 20 days. In contrast, the stock is trading +13.97% higher over the previous 50 days.

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During the previous five trading sessions, OKTA declined by -6.42%, changing the 200-day moving average by -28.34% compared to the 20-day moving average, which finished at $75.04. Moreover, Okta Inc. had a 7.45% flip in a single year, with a proclivity to reduce future gains.

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Insider Trading

According to reports, there were many insider trading actions at OKTA, beginning with Runyan Jonathan T, who sold ten shares for $69.77 on January 17. Following this transaction, Runyan Jonathan T now owns 72,210 shares of Okta Inc., valued at $698 based on the most recent closing price.

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McKinnon Todd, the Chief Executive Officer of Okta Inc., sold 3,771 shares for $67.41 in a move on December 16, meaning McKinnon Todd now owns 18,662 shares worth $254,214 based on the most recent closing price.

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Stock Fundamentals for OKTA

Current profitability levels for the company are sitting at:

• -54.64 for the present operating margin
• +69.51 for the gross margin

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Okta Inc. has a net margin of -65.25. The equity return is presently -16.20, while the asset return is -9.90. The liquidity ratio, which stands at 2.39, also looks interesting to investors.

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