Okta (NASDAQ:OKTA – Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 29th. Analysts expect Okta to post earnings of $0.54 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Okta (NASDAQ:OKTA – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.35. The company had revenue of $605.00 million during the quarter, compared to analysts’ expectations of $586.25 million. Okta had a negative net margin of 15.69% and a negative return on equity of 5.69%. On average, analysts expect Okta to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Okta Stock Down 1.6 %
OKTA stock opened at $97.16 on Monday. The firm has a 50 day moving average of $99.19 and a 200 day moving average of $89.75. The stock has a market capitalization of $16.26 billion, a PE ratio of -44.77 and a beta of 0.98. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.20. Okta has a 52 week low of $65.04 and a 52 week high of $114.50.
Insider Transactions at Okta
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Truist Financial reiterated a “hold” rating and issued a $105.00 target price (up from $85.00) on shares of Okta in a research note on Thursday, February 29th. Sanford C. Bernstein lifted their price objective on shares of Okta from $84.00 to $114.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Mizuho lifted their price objective on shares of Okta from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Oppenheimer lifted their price objective on shares of Okta from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets lifted their price objective on shares of Okta from $80.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.84.
View Our Latest Analysis on OKTA
About Okta
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.
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