Will Okta, Inc. (OKTA) Short Squeeze Soon?

The stock of Okta, Inc. (NASDAQ:OKTA) is a huge mover today! The stock decreased 3.43% or $3.65 during the last trading session, reaching $102.72. About 2.15 million shares traded or 5.85% up from the average. Okta, Inc. (NASDAQ:OKTA) has risen 162.66% since September 13, 2018 and is uptrending. It has outperformed by 162.66% the S&P500.
The move comes after 5 months negative chart setup for the $12.30B company. It was reported on Sep, 13 by Barchart.com. We have $97.58 PT which if reached, will make NASDAQ:OKTA worth $615.05 million less.

Analysts await Okta, Inc. (NASDAQ:OKTA) to report earnings on December, 4. They expect $-0.33 earnings per share, down 37.50 % or $0.09 from last year’s $-0.24 per share. After $-0.32 actual earnings per share reported by Okta, Inc. for the previous quarter, Wall Street now forecasts 3.13 % negative EPS growth.

Okta, Inc. (NASDAQ:OKTA) Ratings Coverage

Among 10 analysts covering Okta (NASDAQ:OKTA), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Okta has $16800 highest and $85 lowest target. $136.27’s average target is 32.66% above currents $102.72 stock price. Okta had 14 analyst reports since March 18, 2019 according to SRatingsIntel. DA Davidson maintained it with “Neutral” rating and $13100 target in Thursday, August 29 report. The rating was maintained by Guggenheim with “Buy” on Thursday, August 29. Robert W. Baird maintained the stock with “Neutral” rating in Thursday, August 29 report. The stock has “Buy” rating by Canaccord Genuity on Thursday, August 29. The company was maintained on Thursday, August 29 by Piper Jaffray. JP Morgan maintained Okta, Inc. (NASDAQ:OKTA) on Thursday, August 29 with “Overweight” rating. The stock has “Buy” rating by Canaccord Genuity on Wednesday, April 3. The firm has “Buy” rating by Goldman Sachs given on Monday, March 18.

More notable recent Okta, Inc. (NASDAQ:OKTA) news were published by: Seekingalpha.com which released: “Proofpoint launches new Okta Cloud integration – Seeking Alpha” on September 05, 2019, also Finance.Yahoo.com with their article: “Is Now An Opportune Moment To Examine Okta, Inc. (NASDAQ:OKTA)? – Yahoo Finance” published on August 29, 2019, Nasdaq.com published: “After-Hours Earnings Report for August 28, 2019 : OKTA, FIVE, HRB, WSM, ASND, PVH, OLLI, SMTC, NTNX, BOX, ZUO, GES – Nasdaq” on August 28, 2019. More interesting news about Okta, Inc. (NASDAQ:OKTA) were released by: Fool.com and their article: “Why Many Cloud Computing Shares Plunged In Unison Today – The Motley Fool” published on September 09, 2019 as well as Nasdaq.com‘s news article titled: “5 Reasons to Buy Okta Stock and Never Sell – Nasdaq” with publication date: May 28, 2019.

Okta, Inc. operates an integrated system that connects persons via devices. The company has market cap of $12.30 billion. The companyÂ’s identity cloud connects various companies to pre-integrated apps and devices every day. It currently has negative earnings. It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle management, and universal directory products for IT customers; and complete authentication, user management, flexible administration, API access management, and developer tools for developers.

Okta, Inc. (NASDAQ:OKTA) Ratings Chart

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