Okta (NASDAQ:OKTA) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.770-$-0.740 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.110. The company issued revenue guidance of $1.24 billion-$1.25 billion, compared to the consensus revenue estimate of $1.22 billion.Okta also updated its Q3 2022 guidance to $-0.250-$-0.240 EPS.
NASDAQ OKTA traded down $1.20 on Wednesday, reaching $252.09. The company’s stock had a trading volume of 14,411 shares, compared to its average volume of 1,722,815. The firm has a market cap of $38.99 billion, a PE ratio of -66.12 and a beta of 0.97. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.29. Okta has a 52 week low of $185.05 and a 52 week high of $294.00. The business has a 50-day moving average price of $248.89 and a 200 day moving average price of $241.38.
Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, August 31st. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.24. Okta had a negative net margin of 52.47% and a negative return on equity of 18.64%. The business had revenue of $316.00 million during the quarter, compared to analysts’ expectations of $293.16 million. During the same quarter last year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 57.7% on a year-over-year basis. Analysts anticipate that Okta will post -4.8 earnings per share for the current fiscal year.
In other Okta news, CAO Christopher K. Kramer sold 3,333 shares of Okta stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $242.94, for a total value of $809,719.02. Following the completion of the transaction, the chief accounting officer now directly owns 13,142 shares of the company’s stock, valued at approximately $3,192,717.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Dixon, Jr. sold 800 shares of the firm’s stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $263.45, for a total value of $210,760.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 200,373 shares of company stock worth $50,356,464. Insiders own 9.60% of the company’s stock.
Okta Company Profile
Okta, Inc engages in the provision of identity management platform for the enterprise. It operates through United States and International geographical segments. The firm’s products include single sign-on, multi factor authentication, API access management, authentication, user management, and lifecycle management.
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