Okta, Inc. (OKTA) Stock Price Hits All-Time High Today

February 15, 2018 - By Nellie Frank

The stock of Okta, Inc. (NASDAQ:OKTA) reached all time high today, Feb, 15 and still has $34.54 target or 4.00 % above today’s $33.21 share price. This indicates more upside for the $3.39B company. This technical setup was reported by Barchart.com. If the $34.54 PT is reached, the company will be worth $135.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 2.09% or $0.71 during the last trading session, reaching $33.21. About 921,691 shares traded. Okta, Inc. (NASDAQ:OKTA) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Okta, Inc. (NASDAQ:OKTA) to report earnings on March, 7. After $-0.34 actual EPS reported by Okta, Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

More important recent Okta, Inc. (NASDAQ:OKTA) news were published by: Businesswire.com which released: “Okta Announces Date for its Fourth Quarter and Full Year Fiscal 2018 Earnings …” on February 15, 2018, also Streetinsider.com published article titled: “Needham & Company Starts Okta, Inc (OKTA) at Buy”, Seekingalpha.com published: “Billion-Dollar Unicorns: Can Okta Sustain Its Valuation?” on January 18, 2018. More interesting news about Okta, Inc. (NASDAQ:OKTA) was released by: Streetinsider.com and their article: “FBN Securities Starts Okta, Inc (OKTA) at Outperform” with publication date: January 22, 2018.

Okta, Inc. operates an integrated system that connects persons via devices. The company has market cap of $3.39 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.

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