The latest trading session saw Okta (OKTA) ending at $85.46, denoting a +0.94% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.16% for the day. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq lost 0.06%.Shares of the cloud identity management company witnessed a gain of 2.27% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.17% and the S&P 500's loss of 2.8%.The investment community w ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Okta (OKTA) shares have appreciated 8.9% in a month, outperforming the broader Zacks Computer & Technology sector’s return of 3.5% and the Zacks Internet Software and Services industry’s gain of 6.3%.OKTA’s portfolio strength is noteworthy, with strong demand for new products like Okta identity governance and Okta privileged access amid a challenging macroeconomic environment. An expanding clientele, driven by the strong adoption of its Identity Threat Protection solution, is a key catalyst for growth-orien ...

After reaching an important support level, Okta (OKTA) could be a good stock pick from a technical perspective. OKTA surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to other SMAs, i ...

This cybersecurity company is growing in all the right places.*Stock prices used were the afternoon prices of Dec. 16, 2024. The video was published on Dec. 18, 2024. ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

Okta (OKTA) closed the last trading session at $81.99, gaining 11.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $103.30 indicates a 26% upside potential.The mean estimate comprises 33 short-term price targets with a standard deviation of $13.98. While the lowest estimate of $75 indicates an 8.5% decline from the current price level, the most optimistic analyst expects the stoc ...

Okta Inc OKTA shares were climbing on Wednesday after the company reported upbeat third-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.BMO Capital Markets On OktaAnalyst Keith Bachman reiterated a Market Perform rating while lifting the price target from $103 to $105.Okta generated revenue growth of 14% year-on-year, exceeded consensus of 11%, Bachman said in a note. "We believe Okta executed well against a macro that remains characteri ...

Key TakeawaysOkta reported earnings and revenue that exceeded estimates as the business security software provider's subscriptions grew.The company also predicted current-quarter adjusted EPS and sales that were above forecasts.CEO Todd McKinnon said the results were "underpinned by continued strong profitability and cash flow." Shares of Okta (OKTA) rose Wednesday, a day after the business security software provider posted better-than-expected results and current-quarter guidance as subscription revenue ro ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...