| 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 Advantage Portfolio Class 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 Advantage Portfolio's stock prices. When investing in Advantage Portfolio, 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, Advantage Mutual Fund 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 Advantage Portfolio 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.Instrument Allocation
The asset allocation of funds such as Advantage Portfolio usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Advantage Portfolio Class
DetailsA Deeper Perspective
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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