Robert W. Baird analyst Jonathan Ruykhaver maintained a Hold rating on Okta Inc (OKTA) today. The company’s shares closed yesterday at $106.60, close to its 52-week high of $112.15.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 21.9% and a 70.2% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
Okta Inc has an analyst consensus of Moderate Buy, with a price target consensus of $96, implying a -9.9% downside from current levels. In a report issued on May 28, Monness also downgraded the stock to Hold.
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The company has a one-year high of $112.15 and a one-year low of $41.88. Currently, Okta Inc has an average volume of 2.36M.
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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.
