Analysts Turn Mixed On Okta Inc. (NASDAQ:OKTA), Lowe’s Companies Inc. (NYSE:LOW)

The shares of Okta Inc. (NASDAQ:OKTA) has been pegged with a rating of Market Perform by BMO Capital Markets in its latest research note that was published on March 06, 2020. The Technology company has also assigned a $150 price target. BMO Capital Markets wasn’t the only research firm that published a report of Okta Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Market Perform rating from BMO Capital Markets Markets when it published its report on March 03, 2020. That day the BMO Capital Markets set price target on the stock to $145. The stock was given Market Perform rating by BMO Capital Markets in its report released on December 06, 2019, the day when the price target on the stock was placed at 135. DA Davidson was of a view that OKTA is Buy in its latest report on November 19, 2019. Canaccord Genuity thinks that OKTA is worth Hold rating. This was contained in the firm’s report on November 18, 2019 in which the stock’s price target was also moved to 120.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 14 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $143.47. The price of the stock the last time has raised by 48.89% from its 52-Week high price while it is -17.63% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 49.08.

The shares of the company dipped by -5.00% during the trading session on Wednesday, reaching a low of $116.95 while ending the day at $117.77. During the trading session, a total of 2.09 million shares were traded which represents a -15.65% decline from the average session volume which is 1.81 million shares. OKTA had ended its last session trading at $123.97. Okta Inc. debt-to-equity ratio currently stands at 2.31, while its quick ratio hovers at 2.90 OKTA 52-week low price stands at $79.10 while its 52-week high price is $142.98.

The company in its last quarterly report recorded -$0.32 earnings per share which is above the predicted by most analysts. The Okta Inc. generated 520.05 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.37 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -21.88%. Okta Inc. has the potential to record -1.70 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Wolfe Research published a research note on March 25, 2020 where it informed investors and clients that Lowe’s Companies Inc. (NYSE:LOW) is now rated as Outperform. Telsey Advisory Group also rated LOW as Reiterated on November 21, 2019, with its price target of $133 suggesting that LOW could surge by 33.27% from its current share price. Even though the stock has been trading at $77.30/share, analysts expect it to surge by 8.31% to reach $125.46/share. It started the day trading at $86.99 and traded between $78.315 and $83.72 throughout the trading session.

A look at its technical shows that LOW’s 50-day SMA is 109.18 while its 200-day SMA stands at 109.43. The stock has a high of $126.73 for the year while the low is $60.00. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 12.49 M shorted shares, the short percentage went lower by -7.23%, as 11.59M OKTA shares were shorted. At the moment, only 1.65% of Lowe’s Companies Inc. shares were sold short. The company’s P/E ratio currently sits at 15.29, while the P/B ratio is 26.16. The company’s average trading volume currently stands at 5.53M shares, which means that the short-interest ratio is just 2.26 days. Over the past seven days, the company moved, with its shift of 28.76%. Looking further, the stock has dropped -29.99% over the past 90 days while it lost -23.90% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. sold more LOW shares, decreasing its portfolio by -0.32% during the last quarter. This move now sees The The Vanguard Group, Inc. selling -207,923 shares in the last quarter, thus it now holds 64,772,877 shares of LOW, with a total valuation of $6,902,845,502. SSgA Funds Management, Inc. meanwhile sold more LOW shares in the recently filed quarter, changing its stake to $3,675,743,702 worth of shares.

Similarly, BlackRock Fund Advisors decreased its Lowe’s Companies Inc. shares by 0.66% during the recently filed quarter. After selling 33,615,184 shares in the last quarter, the firm now controls -223,907 shares of Lowe’s Companies Inc. which are valued at $3,582,370,159. In the same vein, Fidelity Management & Research Co… decreased its Lowe’s Companies Inc. shares by during the most recent reported quarter. The firm bought 764,222 shares during the quarter which decreased its stakes to 20,069,407 shares and is now valued at $2,138,796,704. Following these latest developments, around 0.16% of Lowe’s Companies Inc. stocks are owned by institutional investors and hedge funds.