| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 903.8M | 1.3B | 1.7B | 1.8B | Total Revenue | 1.3B | 1.9B | 2.3B | 2.4B |
Ownership Breakdown
| Retail Investors12.71% | Institutions86.74% |
| Retail Investors | 12.71 | |
| Insiders | 0.55 | |
| Institutions | 86.74 |
Another strong showing for Okta
 | By Ellen Johnson | Macroaxis Story |
When opportunity knocks, savvy investors listen. Okta Inc., a prominent player in the technology sector, has recently caught the market's attention with a notable surge of over 4%. Known for its robust identity and access management solutions, Okta is making waves despite reporting a net income loss of $355 million. With an enterprise value of $12.6 billion, the company continues to be a significant force in the IT services domain. As analysts maintain a consensus of 'Buy,' the question on everyone's mind is whether this upward momentum has more room to grow. Okta's market capitalization is anticipated to rise substantially, reflecting recent performance trends. The enterprise value is expected to reach approximately $29.3 billion, while the price-to-sales ratio is projected to decrease to 5.68. With a growing interest in IT services from conservative investors, Okta Inc. might be worth considering. We'll examine whether Okta can further reduce net losses this year. Additionally, I will review some key indicators that investors should keep an eye on as January approaches.
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Reviewed by Vlad Skutelnik
Okta Inc, a key player in the Software - Infrastructure sector, has caught investor attention with its recent surge, pushing its stock price to 80.85. Despite an operating margin of loss 0.03, the company maintains a strong gross profit of 1.3B, indicating robust revenue generation capabilities. With a potential upside of 3.3, investors might find further growth opportunities in this domestic market leader.
Key Takeaways
Okta Inc's stock, currently priced at $74.38, seems overvalued given its modest future outlook. With a performance score of 5 out of 100, the company doesn't inspire much confidence. Its Beta of 1.05 indicates that Okta's stock is slightly more volatile than the market, meaning its returns are closely tied to market movements. If the market rises or falls, Okta is likely to do the same. The stock carries a risk level of 1.69%. To make informed decisions, consider reviewing Okta's expected shortfall and the interplay between its value at risk and daily balance of power. This analysis will help determine if Okta is likely to follow its historical price trends.The performance of Okta Inc in the marketplace will significantly impact your decision to invest in its stock. Revenue growth, profitability, competitive positioning, management quality, and industry trends can influence Okta's stock prices. When investing in Okta, there are several factors to consider and potential outcomes to expect. As a company performs well, its stock price may increase, allowing investors to benefit from price appreciation. However, Okta Stock can experience significant price fluctuations due to market conditions, economic factors, industry trends, or company-specific news. This is why investing in stocks such as Okta carries risks, including the potential for capital loss. Stock prices can decline, and investors may incur losses if they sell shares at a lower price than their initial investment.How important is Okta's Liquidity
Okta financial leverage refers to using borrowed capital as a funding source to finance Okta Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Okta financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Okta's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Okta's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Okta's total debt and its cash.
What do experts say about Okta?
Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
Analysis ConsensusDetailed Perspective On Okta
Okta owns a total of 162.41 Million outstanding shares. The majority of Okta Inc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Okta Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Okta. Please pay attention to any change in the institutional holdings of Okta Inc as this could imply that something significant has changed or is about to change at the company. On October 8, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Okta Inc's common stock.
Fortune favors the bold, and Okta Inc (NASDAQ: OKTA) is proving that with its recent surge of over 4%. As a key player in the Software - Infrastructure industry, Okta's robust cash flow from operations, standing at $512 million, highlights its financial resilience despite operating losses of $460 million. With a PEG ratio of 1.13, the stock appears reasonably valued, suggesting potential for further growth. Investors eyeing Okta should consider its strategic position in the technology sector and its promising EPS estimate of $1.48 for the current year, which could drive future gains..
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