Stifel Maintains Hold on Okta, Raises Price Target to $270
Stifel analyst Adam Borg maintains Okta (NASDAQ:OKTA) with a Hold and raises the price target from $260 to $270.
Mizuho Maintains Neutral on Okta, Raises Price Target to $290
Mizuho analyst Gregg Moskowitz maintains Okta (NASDAQ:OKTA) with a Neutral and raises the price target from $275 to $290.
10 Stocks Moving In Wednesday’s After-Hours Session
Gainers
INmune Bio (NASDAQ: INMB) shares are trading higher after the company announced XPro has been found to decrease multiple species of Phospho Tau and improve neuroimaging biomarkers of myelination in patients with AD.
Okta Sees Q3 Adj. EPS $(0.25)-$(0.24) vs $(0.34) Est., Sales $325M-$327M vs $322.93M Est.; Sees FY22 Adj. EPS $(0.77)-$(0.74) vs $(1.11) Est., Sales $1.243B-$1.25B vs $1.22B Est.
Financial Outlook:
Okta's financial outlook for the third quarter and full year fiscal 2022 includes the expected contribution from the acquisition of Auth0, net of purchase accounting adjustments. The acquisitionFinancial Outlook:
Okta Q2 Adj. EPS $(0.11) Beats $(0.35) Estimate, Sales $316.00M Beat $296.52M Estimate
Okta (NASDAQ:OKTA) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.35) by 68.57 percent. This is a 257.14 percent decrease over earnings of $0.07 per share from the same
Cathie Wood’s ARK Invest Posts Fund Sales For Friday, Aug. 27, 2021: MCRB, NSTG, IOVA, BABA, LC, OKTA, CLLS, PSTI, BMY
Seres Therapeutics (MCRB) - 1,282,095
NanoString Technologies (NSTG) - 66,400
Iovance Biotherapeutics (IOVA) - 444,050
Alibaba Group (BABA) - 13,593
LendingClub (LC)
A Look Into Okta’s Debt
Shares of Okta (NASDAQ:OKTA) increased by 19.90% in the past three months. Before we understand the importance of debt, let us look at how much debt Okta has.
Cathie Wood’s ARK Invest Posts Fund Sales For Thursday, Aug. 26, 2021: NTDOY, IOVA, NSTG, SE, XONE, BABA, LC, SQ, OKTA, MCRB, PSTI, SEER, RHHBY, BMY, GOOG, TRMB
Nintendo (NTDOY) - 38,500 Shares
Iovance Biotherapeutics (IOVA) - 302,190
NanoString Technologies (NSTG) - 144,340
Sea (SE) - 71,593
ExOne (XONE) - 10,000
Alibaba (BABA) - 46,900
LendingClub (LC) - 32,700
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