Okta (OKTA) Earning Somewhat Favorable Press Coverage, Report Shows
Media coverage about Okta (NASDAQ:OKTA) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Okta earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news headlines about the company an impact score of 43.7843985647101 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Security-as-a-Service Market Competition and Development Insights with Forecast Up to 2026 (sbwire.com)
- Report explores the enterprise mobile management market (whatech.com)
- 10 Apps You’re Bound to See More at Work (inc.com)
- Okta, Inc. (OKTA) CEO Sells $1,148,920.38 in Stock (americanbankingnews.com)
- William E. Losch Sells 12,200 Shares of Okta, Inc. (OKTA) Stock (americanbankingnews.com)
Okta (OKTA) opened at 26.58 on Tuesday. Okta has a 1-year low of $21.52 and a 1-year high of $33.64. The firm has a 50-day moving average of $28.12 and a 200 day moving average of $25.26. The firm’s market cap is $2.54 billion.
Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The business had revenue of $61.00 million for the quarter, compared to analysts’ expectations of $55.90 million. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. Analysts expect that Okta will post ($0.96) earnings per share for the current fiscal year.
Several equities research analysts recently commented on OKTA shares. Zacks Investment Research downgraded shares of Okta from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. KeyCorp restated a “buy” rating and issued a $35.00 price target on shares of Okta in a research report on Friday, September 8th. Canaccord Genuity restated a “hold” rating and issued a $27.00 price target on shares of Okta in a research report on Wednesday, August 30th. William Blair started coverage on shares of Okta in a research report on Wednesday, October 4th. They issued an “outperform” rating for the company. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Okta in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.17.
In other news, General Counsel Jonathan T. Runyan sold 300,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $27.03, for a total value of $8,109,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jacques Frederic Kerrest sold 122,504 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $28.59, for a total transaction of $3,502,389.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 613,032 shares of company stock worth $17,062,535.
Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.
Receive News & Stock Ratings for Okta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta Inc. and related stocks with our FREE daily email newsletter.