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Okta Inc
Buy, Hold or Sell?

Let's analyse Okta together

PenkeI guess you are interested in Okta Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Okta Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Okta (30 sec.)










What can you expect buying and holding a share of Okta? (30 sec.)

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
€33.06
Expected worth in 1 year
€34.32
How sure are you?
61.9%

+ What do you gain per year?

Total Gains per Share
€1.26
Return On Investment
1.4%

For what price can you sell your share?

Current Price per Share
€87.15
Expected price per share
€74.50 - €98.30
How sure are you?
50%

1. Valuation of Okta (5 min.)




Live pricePrice per Share (EOD)

€87.15

Intrinsic Value Per Share

€43.73 - €52.16

Total Value Per Share

€76.79 - €85.22

2. Growth of Okta (5 min.)




Is Okta growing?

Current yearPrevious yearGrowGrow %
How rich?$5.8b$5.4b$248.1m4.4%

How much money is Okta making?

Current yearPrevious yearGrowGrow %
Making money-$88.7m-$203.7m$115m129.6%
Net Profit Margin-16.0%-44.6%--

How much money comes from the company's main activities?

3. Financial Health of Okta (5 min.)




What can you expect buying and holding a share of Okta? (5 min.)

Welcome investor! Okta's management wants to use your money to grow the business. In return you get a share of Okta.

What can you expect buying and holding a share of Okta?

First you should know what it really means to hold a share of Okta. And how you can make/lose money.

Speculation

The Price per Share of Okta is €87.15. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Okta.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Okta, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €33.06. Based on the TTM, the Book Value Change Per Share is €0.32 per quarter. Based on the YOY, the Book Value Change Per Share is €-0.73 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Okta.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-0.26-0.3%-0.54-0.6%-1.27-1.5%-0.78-0.9%-0.75-0.9%
Usd Book Value Change Per Share0.570.7%0.340.4%-0.78-0.9%1.681.9%1.681.9%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.570.7%0.340.4%-0.78-0.9%1.681.9%1.681.9%
Usd Price Per Share81.26-72.17-89.34-136.70-133.86-
Price to Earnings Ratio-77.17--40.40--17.56--61.95--63.77-
Price-to-Total Gains Ratio142.15-240.42--110.27--64.83--59.42-
Price to Book Ratio2.31-2.08-2.63-26.49-27.56-
Price-to-Total Gains Ratio142.15-240.42--110.27--64.83--59.42-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share92.86704
Number of shares10
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.341.68
Usd Total Gains Per Share0.341.68
Gains per Quarter (10 shares)3.3616.83
Gains per Year (10 shares)13.4667.31
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1013306757
2027160135124
3040290202191
4054420269258
5067550337325
6081680404392
7094810471459
80108940538526
901211070606593
1001351200673660

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%0.020.00.00.0%0.021.00.00.0%0.021.00.00.0%
Book Value Change Per Share4.00.00.0100.0%6.06.00.050.0%12.08.00.060.0%13.08.00.061.9%13.08.00.061.9%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.021.00.0%0.00.021.00.0%
Total Gains per Share4.00.00.0100.0%6.06.00.050.0%12.08.00.060.0%13.08.00.061.9%13.08.00.061.9%

Fundamentals of Okta

About Okta Inc

Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Fundamental data was last updated by Penke on 2024-04-18 02:20:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of Okta Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Okta earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Okta to the Software - Infrastructure industry mean.
  • A Net Profit Margin of -7.3% means that €-0.07 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Okta Inc:

  • The MRQ is -7.3%. The company is making a loss. -1
  • The TTM is -16.0%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-7.3%TTM-16.0%+8.7%
TTM-16.0%YOY-44.6%+28.6%
TTM-16.0%5Y-38.5%+22.5%
5Y-38.5%10Y-38.0%-0.6%
1.1.2. Return on Assets

Shows how efficient Okta is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Okta to the Software - Infrastructure industry mean.
  • -0.5% Return on Assets means that Okta generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Okta Inc:

  • The MRQ is -0.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.5%TTM-1.0%+0.5%
TTM-1.0%YOY-2.2%+1.2%
TTM-1.0%5Y-2.5%+1.4%
5Y-2.5%10Y-2.5%+0.1%
1.1.3. Return on Equity

Shows how efficient Okta is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Okta to the Software - Infrastructure industry mean.
  • -0.7% Return on Equity means Okta generated €-0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Okta Inc:

  • The MRQ is -0.7%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.7%TTM-1.6%+0.8%
TTM-1.6%YOY-3.7%+2.2%
TTM-1.6%5Y-8.1%+6.5%
5Y-8.1%10Y-8.3%+0.2%

1.2. Operating Efficiency of Okta Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Okta is operating .

  • Measures how much profit Okta makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Okta to the Software - Infrastructure industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Okta Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-13.9%+13.9%
TTM-13.9%YOY-42.5%+28.6%
TTM-13.9%5Y-32.4%+18.5%
5Y-32.4%10Y-31.5%-0.9%
1.2.2. Operating Ratio

Measures how efficient Okta is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • An Operation Ratio of 1.33 means that the operating costs are €1.33 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Okta Inc:

  • The MRQ is 1.331. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.465. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.331TTM1.465-0.135
TTM1.465YOY1.731-0.266
TTM1.4655Y1.636-0.171
5Y1.63610Y1.617+0.019

1.3. Liquidity of Okta Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Okta is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A Current Ratio of 1.67 means the company has €1.67 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Okta Inc:

  • The MRQ is 1.672. The company is able to pay all its short-term debts. +1
  • The TTM is 1.843. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.672TTM1.843-0.171
TTM1.843YOY2.332-0.489
TTM1.8435Y2.596-0.753
5Y2.59610Y2.532+0.064
1.3.2. Quick Ratio

Measures if Okta is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Okta to the Software - Infrastructure industry mean.
  • A Quick Ratio of 1.36 means the company can pay off €1.36 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Okta Inc:

  • The MRQ is 1.362. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.526. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.362TTM1.526-0.164
TTM1.526YOY2.042-0.515
TTM1.5265Y1.935-0.408
5Y1.93510Y1.873+0.062

1.4. Solvency of Okta Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Okta assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Okta to Software - Infrastructure industry mean.
  • A Debt to Asset Ratio of 0.34 means that Okta assets are financed with 34.5% credit (debt) and the remaining percentage (100% - 34.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Okta Inc:

  • The MRQ is 0.345. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.355. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.345TTM0.355-0.010
TTM0.355YOY0.403-0.048
TTM0.3555Y0.555-0.200
5Y0.55510Y0.562-0.007
1.4.2. Debt to Equity Ratio

Measures if Okta is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Okta to the Software - Infrastructure industry mean.
  • A Debt to Equity ratio of 52.7% means that company has €0.53 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Okta Inc:

  • The MRQ is 0.527. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.551. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.527TTM0.551-0.025
TTM0.551YOY0.675-0.124
TTM0.5515Y1.957-1.406
5Y1.95710Y1.979-0.022

2. Market Valuation of Okta Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Okta generates.

  • Above 15 is considered overpriced but always compare Okta to the Software - Infrastructure industry mean.
  • A PE ratio of -77.17 means the investor is paying €-77.17 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Okta Inc:

  • The EOD is -88.188. Based on the earnings, the company is expensive. -2
  • The MRQ is -77.169. Based on the earnings, the company is expensive. -2
  • The TTM is -40.395. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-88.188MRQ-77.169-11.020
MRQ-77.169TTM-40.395-36.773
TTM-40.395YOY-17.558-22.838
TTM-40.3955Y-61.952+21.557
5Y-61.95210Y-63.766+1.814
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Okta Inc:

  • The EOD is 23.375. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 20.454. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 30.616. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD23.375MRQ20.454+2.921
MRQ20.454TTM30.616-10.162
TTM30.616YOY198.067-167.450
TTM30.6165Y126.249-95.633
5Y126.24910Y120.238+6.012
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Okta is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A PB ratio of 2.31 means the investor is paying €2.31 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Okta Inc:

  • The EOD is 2.636. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.307. Based on the equity, the company is underpriced. +1
  • The TTM is 2.085. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.636MRQ2.307+0.329
MRQ2.307TTM2.085+0.222
TTM2.085YOY2.626-0.541
TTM2.0855Y26.495-24.410
5Y26.49510Y27.560-1.065
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Okta Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.5360.316+70%-0.728+236%1.579-66%1.574-66%
Book Value Per Share--33.06132.459+2%31.882+4%19.432+70%18.577+78%
Current Ratio--1.6721.843-9%2.332-28%2.596-36%2.532-34%
Debt To Asset Ratio--0.3450.355-3%0.403-14%0.555-38%0.562-39%
Debt To Equity Ratio--0.5270.551-4%0.675-22%1.957-73%1.979-73%
Dividend Per Share----0%-0%-0%-0%
Eps---0.247-0.507+105%-1.193+383%-0.728+195%-0.702+184%
Free Cash Flow Per Share--0.9320.694+34%0.092+918%0.259+260%0.259+260%
Free Cash Flow To Equity Per Share--0.320-0.570+278%0.162+98%0.392-18%0.392-18%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--52.160--------
Intrinsic Value_10Y_min--43.734--------
Intrinsic Value_1Y_max--1.801--------
Intrinsic Value_1Y_min--1.767--------
Intrinsic Value_3Y_max--8.021--------
Intrinsic Value_3Y_min--7.605--------
Intrinsic Value_5Y_max--17.390--------
Intrinsic Value_5Y_min--15.916--------
Market Cap13953237900.000+9%12745028760.00011163067010.000+14%13443533530.000-5%20606904928.000-38%20176617103.810-37%
Net Profit Margin---0.073-0.160+120%-0.446+514%-0.385+430%-0.380+422%
Operating Margin----0.1390%-0.4250%-0.3240%-0.3150%
Operating Ratio--1.3311.465-9%1.731-23%1.636-19%1.617-18%
Pb Ratio2.636+12%2.3072.085+11%2.626-12%26.495-91%27.560-92%
Pe Ratio-88.188-14%-77.169-40.395-48%-17.558-77%-61.952-20%-63.766-17%
Price Per Share87.150+12%76.26067.725+13%83.840-9%128.283-41%125.616-39%
Price To Free Cash Flow Ratio23.375+12%20.45430.616-33%198.067-90%126.249-84%120.238-83%
Price To Total Gains Ratio162.450+12%142.151240.425-41%-110.268+178%-64.829+146%-59.415+142%
Quick Ratio--1.3621.526-11%2.042-33%1.935-30%1.873-27%
Return On Assets---0.005-0.010+106%-0.022+357%-0.025+401%-0.025+412%
Return On Equity---0.007-0.016+110%-0.037+400%-0.081+978%-0.083+1005%
Total Gains Per Share--0.5360.316+70%-0.728+236%1.579-66%1.574-66%
Usd Book Value--5887758827.5205697766609.920+3%5449607274.943+8%3349342405.316+76%3201867369.950+84%
Usd Book Value Change Per Share--0.5720.336+70%-0.775+236%1.683-66%1.678-66%
Usd Book Value Per Share--35.22934.589+2%33.974+4%20.707+70%19.796+78%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.263-0.541+105%-1.271+383%-0.776+195%-0.748+184%
Usd Free Cash Flow--165993200.640121995002.880+36%15749354.880+954%38348879.166+333%36522742.062+354%
Usd Free Cash Flow Per Share--0.9930.739+34%0.098+918%0.276+260%0.276+260%
Usd Free Cash Flow To Equity Per Share--0.341-0.607+278%0.172+98%0.418-18%0.418-18%
Usd Market Cap14868570306.240+9%13581102646.65611895364205.856+14%14325429329.568-5%21958717891.277-38%21500203185.819-37%
Usd Price Per Share92.867+12%81.26372.168+13%89.340-9%136.698-41%133.856-39%
Usd Profit---43998197.760-88746364.800+102%-203762153.560+363%-124681792.825+183%-120211694.975+173%
Usd Revenue--604975219.200565726826.880+7%464428976.210+30%342110186.593+77%331317619.151+83%
Usd Total Gains Per Share--0.5720.336+70%-0.775+236%1.683-66%1.678-66%
 EOD+5 -3MRQTTM+27 -5YOY+27 -55Y+21 -1110Y+21 -11

3.2. Fundamental Score

Let's check the fundamental score of Okta Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-88.188
Price to Book Ratio (EOD)Between0-12.636
Net Profit Margin (MRQ)Greater than0-0.073
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.362
Current Ratio (MRQ)Greater than11.672
Debt to Asset Ratio (MRQ)Less than10.345
Debt to Equity Ratio (MRQ)Less than10.527
Return on Equity (MRQ)Greater than0.15-0.007
Return on Assets (MRQ)Greater than0.05-0.005
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Okta Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.097
Ma 20Greater thanMa 5092.540
Ma 50Greater thanMa 10090.621
Ma 100Greater thanMa 20082.680
OpenGreater thanClose86.150
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in USD. All numbers in thousands.

Summary
Total Assets8,989,000
Total Liabilities3,101,000
Total Stockholder Equity5,888,000
 As reported
Total Liabilities 3,101,000
Total Stockholder Equity+ 5,888,000
Total Assets = 8,989,000

Assets

Total Assets8,989,000
Total Current Assets2,980,000
Long-term Assets6,009,000
Total Current Assets
Cash And Cash Equivalents 334,000
Short-term Investments 1,868,000
Net Receivables 559,000
Other Current Assets 106,000
Total Current Assets  (as reported)2,980,000
Total Current Assets  (calculated)2,867,000
+/- 113,000
Long-term Assets
Property Plant Equipment 131,000
Goodwill 5,406,000
Intangible Assets 182,000
Long-term Assets Other 48,000
Long-term Assets  (as reported)6,009,000
Long-term Assets  (calculated)5,767,000
+/- 242,000

Liabilities & Shareholders' Equity

Total Current Liabilities1,782,000
Long-term Liabilities1,319,000
Total Stockholder Equity5,888,000
Total Current Liabilities
Accounts payable 12,000
Other Current Liabilities 8,000
Total Current Liabilities  (as reported)1,782,000
Total Current Liabilities  (calculated)20,000
+/- 1,762,000
Long-term Liabilities
Long term Debt 1,154,000
Capital Lease Obligations Min Short Term Debt143,000
Long-term Liabilities Other 14,000
Long-term Liabilities  (as reported)1,319,000
Long-term Liabilities  (calculated)1,311,000
+/- 8,000
Total Stockholder Equity
Total Stockholder Equity (as reported)5,888,000
Total Stockholder Equity (calculated)0
+/- 5,888,000
Other
Common Stock Shares Outstanding 167,126
Net Debt 820,000
Net Invested Capital 7,042,000
Net Working Capital 1,198,000
Property Plant and Equipment Gross 193,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-312019-10-312019-07-312019-04-302019-01-31
> Total Assets 
864,335
998,542
1,026,810
1,870,777
1,955,395
2,037,007
3,115,015
3,170,279
3,298,797
3,430,447
8,932,095
8,996,973
9,205,695
9,045,681
9,074,007
9,093,736
9,307,000
8,900,000
8,713,000
8,740,000
8,989,000
8,989,0008,740,0008,713,0008,900,0009,307,0009,093,7369,074,0079,045,6819,205,6958,996,9738,932,0953,430,4473,298,7973,170,2793,115,0152,037,0071,955,3951,870,7771,026,810998,542864,335
   > Total Current Assets 
709,330
676,929
697,020
1,526,600
1,599,725
1,633,523
2,706,935
2,757,539
2,878,567
3,012,139
2,877,158
2,852,868
3,040,633
2,898,643
2,945,502
3,006,937
3,229,000
2,843,000
2,686,000
2,727,000
2,980,000
2,980,0002,727,0002,686,0002,843,0003,229,0003,006,9372,945,5022,898,6433,040,6332,852,8682,877,1583,012,1392,878,5672,757,5392,706,9351,633,5231,599,7251,526,600697,020676,929709,330
       Cash And Cash Equivalents 
298,394
208,106
206,753
1,039,626
520,048
619,221
957,234
409,769
434,607
659,886
225,265
372,372
260,134
194,227
216,022
249,624
264,000
125,000
356,000
400,000
334,000
334,000400,000356,000125,000264,000249,624216,022194,227260,134372,372225,265659,886434,607409,769957,234619,221520,0481,039,626206,753208,106298,394
       Short-term Investments 
265,374
339,377
350,712
326,629
882,976
827,556
1,557,279
2,085,373
2,121,584
2,030,180
2,243,638
2,109,687
2,241,657
2,292,902
2,260,956
2,223,538
2,316,000
2,245,000
1,750,000
1,730,000
1,868,000
1,868,0001,730,0001,750,0002,245,0002,316,0002,223,5382,260,9562,292,9022,241,6572,109,6872,243,6382,030,1802,121,5842,085,3731,557,279827,556882,976326,629350,712339,377265,374
       Net Receivables 
91,926
83,328
87,851
101,778
131,115
111,039
118,140
150,373
205,318
227,974
246,878
261,268
403,509
266,311
330,677
389,654
491,000
305,000
403,000
418,000
559,000
559,000418,000403,000305,000491,000389,654330,677266,311403,509261,268246,878227,974205,318150,373118,140111,039131,115101,77887,85183,32891,926
       Other Current Assets 
0
0
0
29,851
34,103
37,049
40,025
43,321
50,502
51,904
59,563
65,601
79,740
79,869
82,760
86,658
92,000
96,000
106,000
75,000
106,000
106,00075,000106,00096,00092,00086,65882,76079,86979,74065,60159,56351,90450,50243,32140,02537,04934,10329,851000
   > Long-term Assets 
15,286
321,612
329,790
344,177
355,670
403,484
408,080
412,740
420,230
418,308
6,054,937
6,144,105
6,165,062
6,147,038
6,128,505
6,086,799
6,078,000
6,057,000
6,027,000
6,013,000
6,009,000
6,009,0006,013,0006,027,0006,057,0006,078,0006,086,7996,128,5056,147,0386,165,0626,144,1056,054,937418,308420,230412,740408,080403,484355,670344,177329,790321,61215,286
       Property Plant Equipment 
0
172,105
168,564
178,476
178,739
224,677
221,187
217,104
212,387
207,977
208,350
215,273
213,428
211,149
208,898
186,091
181,000
168,000
141,000
141,000
131,000
131,000141,000141,000168,000181,000186,091208,898211,149213,428215,273208,350207,977212,387217,104221,187224,677178,739178,476168,564172,1050
       Goodwill 
18,089
47,964
47,964
47,964
48,023
48,023
48,023
48,023
48,023
48,023
5,338,116
5,401,343
5,401,343
5,401,343
5,400,275
5,400,275
5,400,000
5,406,000
5,406,000
5,406,000
5,406,000
5,406,0005,406,0005,406,0005,406,0005,400,0005,400,2755,400,2755,401,3435,401,3435,401,3435,338,11648,02348,02348,02348,02348,02348,02347,96447,96447,96418,089
       Intangible Assets 
13,896
28,021
34,712
33,826
32,529
31,032
30,031
28,953
27,009
24,190
337,786
336,354
316,968
298,823
281,470
261,825
241,000
227,000
211,000
197,000
182,000
182,000197,000211,000227,000241,000261,825281,470298,823316,968336,354337,78624,19027,00928,95330,03131,03232,52933,82634,71228,02113,896
       Other Assets 
0
73,522
78,550
83,911
96,379
99,752
108,839
118,660
132,811
130,318
160,385
177,935
218,023
235,723
237,862
238,608
231,000
256,000
269,000
0
0
00269,000256,000231,000238,608237,862235,723218,023177,935160,385130,318132,811118,660108,83999,75296,37983,91178,55073,5220
> Total Liabilities 
611,958
759,098
776,085
1,472,383
1,550,051
1,623,911
2,429,818
2,489,631
2,604,754
2,747,669
2,889,905
3,012,418
3,283,839
3,572,987
3,620,991
3,686,124
3,841,000
3,366,000
3,073,000
3,010,000
3,101,000
3,101,0003,010,0003,073,0003,366,0003,841,0003,686,1243,620,9913,572,9873,283,8393,012,4182,889,9052,747,6692,604,7542,489,6312,429,8181,623,9111,550,0511,472,383776,085759,098611,958
   > Total Current Liabilities 
564,191
601,913
620,669
478,394
546,963
570,388
533,580
573,940
1,545,614
800,461
912,534
988,166
1,242,806
1,185,275
1,236,585
1,309,446
1,465,000
1,362,000
1,456,000
1,543,000
1,782,000
1,782,0001,543,0001,456,0001,362,0001,465,0001,309,4461,236,5851,185,2751,242,806988,166912,534800,4611,545,614573,940533,580570,388546,963478,394620,669601,913564,191
       Short-term Debt 
271,628
275,653
279,741
99,227
100,703
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000100,70399,227279,741275,653271,628
       Short Long Term Debt 
271,628
275,653
279,741
99,227
100,703
102,198
43,578
35,131
908,684
20,781
15,723
15,956
16,194
5,198
5,209
5,217
0
0
0
0
0
000005,2175,2095,19816,19415,95615,72320,781908,68435,13143,578102,198100,70399,227279,741275,653271,628
       Accounts payable 
17,212
4,352
3,492
4,924
3,837
8,021
4,726
5,114
8,557
9,542
9,414
11,547
20,203
33,752
43,708
49,122
12,000
10,000
13,000
11,000
12,000
12,00011,00013,00010,00012,00049,12243,70833,75220,20311,5479,4149,5428,5575,1144,7268,0213,8374,9243,4924,35217,212
       Other Current Liabilities 
0
0
0
306,743
367,529
392,121
406,846
424,765
508,347
656,167
721,808
759,914
987,779
952,190
994,097
1,044,622
1,255,000
1,173,000
1,225,000
0
8,000
8,00001,225,0001,173,0001,255,0001,044,622994,097952,190987,779759,914721,808656,167508,347424,765406,846392,121367,529306,743000
   > Long-term Liabilities 
47,767
157,185
155,416
993,989
1,003,088
1,053,523
1,896,238
1,915,691
1,059,140
1,947,208
1,977,371
2,024,252
2,041,033
2,387,712
2,384,406
2,376,678
2,376,000
2,004,000
1,617,000
1,467,000
1,319,000
1,319,0001,467,0001,617,0002,004,0002,376,0002,376,6782,384,4062,387,7122,041,0332,024,2521,977,3711,947,2081,059,1401,915,6911,896,2381,053,5231,003,088993,989155,416157,18547,767
       Capital Lease Obligations 
0
146,044
143,706
153,960
166,575
194,889
189,208
185,860
202,921
173,467
171,141
179,205
197,131
163,868
158,577
148,906
142,000
134,000
122,000
119,000
143,000
143,000119,000122,000134,000142,000148,906158,577163,868197,131179,205171,141173,467202,921185,860189,208194,889166,575153,960143,706146,0440
       Long-term Liabilities Other 
2,292
3,470
4,241
4,779
3,803
6,702
12,018
12,705
7,498
10,670
18,230
33,119
22,359
16,095
18,532
18,392
23,000
25,000
27,000
28,000
14,000
14,00028,00027,00025,00023,00018,39218,53216,09522,35933,11918,23010,6707,49812,70512,0186,7023,8034,7794,2413,4702,292
       Deferred Long Term Liability 
0
56,824
59,560
65,466
77,874
79,270
86,556
94,305
108,555
110,098
129,671
145,655
191,029
188,490
191,309
195,146
210,000
208,000
218,000
0
0
00218,000208,000210,000195,146191,309188,490191,029145,655129,671110,098108,55594,30586,55679,27077,87465,46659,56056,8240
> Total Stockholder Equity
252,377
239,444
250,725
398,394
405,344
413,096
685,197
680,648
694,043
682,778
6,042,190
5,984,555
5,921,856
5,472,694
5,453,016
5,407,612
5,466,000
5,534,000
5,640,000
5,730,000
5,888,000
5,888,0005,730,0005,640,0005,534,0005,466,0005,407,6125,453,0165,472,6945,921,8565,984,5556,042,190682,778694,043680,648685,197413,096405,344398,394250,725239,444252,377
   Common Stock
0
11
12
12
12
13
13
13
13
14
16
16
16
16
16
16
0
0
0
0
0
000001616161616161413131313121212110
   Retained Earnings Total Equity000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000
   Capital Surplus 000000000000000000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 
0
-457
-1,653
135
892
3,742
5,521
2,571
5,390
5,610
4,375
404
-12,009
-36,148
-41,186
-56,064
-33,000
-20,000
-14,000
0
0
00-14,000-20,000-33,000-56,064-41,186-36,148-12,0094044,3755,6105,3902,5715,5213,742892135-1,653-4570



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2024-01-31)

Gross Profit (+$)
totalRevenue2,263,000
Cost of Revenue-581,000
Gross Profit1,682,0001,682,000
 
Operating Income (+$)
Gross Profit1,682,000
Operating Expense-2,723,000
Operating Income-460,000-1,041,000
 
Operating Expense (+$)
Research Development656,000
Selling General Administrative1,486,000
Selling And Marketing Expenses-
Operating Expense2,723,0002,142,000
 
Net Interest Income (+$)
Interest Income81,000
Interest Expense-8,000
Other Finance Cost-0
Net Interest Income73,000
 
Pretax Income (+$)
Operating Income-460,000
Net Interest Income73,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-337,000-510,000
EBIT - interestExpense = -8,000
-355,000
-347,000
Interest Expense8,000
Earnings Before Interest and Taxes (EBIT)--329,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-337,000
Tax Provision-18,000
Net Income From Continuing Ops-355,000-355,000
Net Income-355,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net50,000-73,000
 

Technical Analysis of Okta
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Okta. The general trend of Okta is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Okta's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Okta Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 91.43 < 96.00 < 98.30.

The bearish price targets are: 84.84 > 84.64 > 74.50.

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Okta Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Okta Inc. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Okta Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Okta Inc. The current macd is -1.26927447.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Okta price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Okta. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Okta price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Okta Inc Daily Moving Average Convergence/Divergence (MACD) ChartOkta Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Okta Inc. The current adx is 17.22.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Okta shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Okta Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Okta Inc. The current sar is 95.69.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Okta Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Okta Inc. The current rsi is 36.10. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Okta Inc Daily Relative Strength Index (RSI) ChartOkta Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Okta Inc. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Okta price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Okta Inc Daily Stochastic Oscillator ChartOkta Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Okta Inc. The current cci is -143.23640705.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Okta Inc Daily Commodity Channel Index (CCI) ChartOkta Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Okta Inc. The current cmo is -45.7174827.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Okta Inc Daily Chande Momentum Oscillator (CMO) ChartOkta Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Okta Inc. The current willr is -89.84771574.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Okta Inc Daily Williams %R ChartOkta Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Okta Inc.

Okta Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Okta Inc. The current atr is 1.89725979.

Okta Inc Daily Average True Range (ATR) ChartOkta Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Okta Inc. The current obv is 229.00.

Okta Inc Daily On-Balance Volume (OBV) ChartOkta Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Okta Inc. The current mfi is 56.66.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Okta Inc Daily Money Flow Index (MFI) ChartOkta Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Okta Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-29 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-30 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-01 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-07 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-11 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-12 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-19 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-20 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-21 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-29 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-04 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-05 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-08 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-10 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-19 00:00:00MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-22 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-05 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-07 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-09 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-12 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-19 00:00:00MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-20 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-21 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06 00:00:00MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-07 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-11 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-19 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20 00:00:00MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-04 00:00:00BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-09 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-10 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-11 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-15 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-16 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-17 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-19 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Okta Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Okta Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.097
Ma 20Greater thanMa 5092.540
Ma 50Greater thanMa 10090.621
Ma 100Greater thanMa 20082.680
OpenGreater thanClose86.150
Total3/5 (60.0%)
Penke

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