JMP Securities analyst Patrick Walravens maintained a Hold rating on Okta Inc (OKTA) on March 8. The company’s shares closed on Friday at $78.43.
According to TipRanks.com, Walravens is a top 100 analyst with an average return of 20.1% and a 71.8% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Salesforce.com, and Ellie Mae Inc.
Okta Inc has an analyst consensus of Moderate Buy, with a price target consensus of $80.90, which is a 3.1% upside from current levels. In a report issued on March 4, SunTrust Robinson also downgraded the stock to Hold with a $90 price target.
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Based on Okta Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $30.81 million. In comparison, last year the company had a GAAP net loss of $24.68 million.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.
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Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.
