Most-Upgraded StocksMost-UpgradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis → WARNING about the death of the U.S. dollar… (From Colonial Metals) (Ad) Free OKTA Stock Alerts $96.15 -1.01 (-1.04%) (As of 05/28/2024 ET) Add Compare Share Share Today's Range$95.14▼$98.3350-Day Range$92.03▼$106.1352-Week Range$65.04▼$114.50Volume2.61 million shsAverage Volume1.80 million shsMarket Capitalization$16.10 billionP/E RatioN/ADividend YieldN/APrice Target$101.84 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside5.9% Upside$101.84 Price TargetShort InterestHealthy2.89% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.88Based on 17 Articles This WeekInsider TradingSelling Shares$980,415 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.51) to ($1.18) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.49 out of 5 starsComputer And Technology Sector265th out of 602 stocksPrepackaged Software Industry90th out of 203 stocks 2.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 10 buy ratings, 20 hold ratings, and no sell ratings.Amount of Analyst CoverageOkta has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Okta's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.89% of the outstanding shares of Okta have been sold short.Short Interest Ratio / Days to CoverOkta has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 0.84%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOkta has received a 47.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is false driven by its "Identity management software", "Network security software", and "Cloud security software" products. See details.Environmental SustainabilityThe Environmental Impact score for Okta is -0.60. Previous Next 3.3 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Okta this week, compared to 14 articles on an average week.Search Interest34 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.MarketBeat FollowsOnly 18 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $980,415.00 in company stock.Percentage Held by InsidersOnly 7.00% of the stock of Okta is held by insiders.Percentage Held by Institutions86.64% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Okta's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($1.51) to ($1.18) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -44.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Okta is -44.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Okta's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Chaikin AnalyticsLog Into Marc's $5,000 System TodayNew Panic Could Sweep America Mark these words in 2024. Everyone's going to cash… Wall Street legend says: "A little-known vehicle outside of banks could double… triple… or even quadruple your life savings if you know where to find it right now." We urge you to move your cash into this vehicle in 2024. More here. About Okta Stock (NASDAQ:OKTA)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.Read More OKTA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesMay 28 at 1:10 PM | markets.businessinsider.comOkta is about to announce its earnings — here's what Wall Street expectsMay 26 at 11:30 AM | seekingalpha.comOkta: Turnaround Already Underway After Its Recent PlungeMay 26 at 9:20 AM | investorplace.com3 Long-Term Stocks to Buy on the Dip: May 2024May 24, 2024 | finance.yahoo.comOKTA Gears Up to Report Q1 Earnings: What's in the Cards?May 24, 2024 | seekingalpha.comOkta Is Priced For More Growth Than What The Firm Has To Offer (Earnings Preview)May 23, 2024 | markets.businessinsider.comOkta’s Hold Rating: Balancing Strong Performance with Growth and Security ConcernsMay 23, 2024 | markets.businessinsider.comOkta Inc hosts conference call for investorsMay 23, 2024 | finance.yahoo.comOkta (NASDAQ:OKTA) shareholders have endured a 55% loss from investing in the stock three years agoMay 22, 2024 | americanbankingnews.comOkta (OKTA) to Release Quarterly Earnings on WednesdayMay 21, 2024 | benzinga.comLooking Into Okta's Recent Short InterestMay 21, 2024 | fool.com3 Tech Stocks That Are Screaming Buys in MayMay 19, 2024 | venturebeat.comWhy data breaches have become ‘normalized’ and 6 things CISOs can do to prevent themMay 19, 2024 | forbes.comOkta Shares Rally Into Q1 Earnings As October Breach Fades Into MemoryMay 19, 2024 | msn.comDown 10% From Highs, Is This Tech Stock a Buy On the Dip?May 19, 2024 | americanbankingnews.comOkta (NASDAQ:OKTA) PT Raised to $110.00May 18, 2024 | investorplace.comInvest in Growth: 3 Tech Stocks to Buy and Hold for Long-Term WealthMay 15, 2024 | fool.com3 No-Brainer Stocks to Buy With $500 Right NowMay 13, 2024 | msn.comOkta Takes Proactive Measures to Combat Identity-Based AttacksMay 10, 2024 | markets.businessinsider.comWedbush Keeps Their Buy Rating on Okta (OKTA)May 10, 2024 | investorplace.comThe 3 Best Cybersecurity Stocks to Buy in May 2024May 8, 2024 | msn.comCyberattack Group Shifts Focus To Banks, Insurers After CasinosMay 8, 2024 | msn.comMore AI = More CyberthreatsMay 8, 2024 | finance.yahoo.comHackers Behind MGM Attack Targeting Financial Sector in New CampaignMay 6, 2024 | forbes.comTop Wellbeing Executives Recommend This To Improve Employee Mental HealthMay 3, 2024 | msn.com3 Underpriced Stocks to Buy in MaySee More Headlines Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/28/2024Today5/28/2024Next Earnings (Confirmed)5/29/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$101.84 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside+4.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage30 Analysts Profitability EPS (Most Recent Fiscal Year)($2.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-15.69% Pretax Margin-14.89% Return on Equity-5.69% Return on Assets-3.67% Debt Debt-to-Equity Ratio0.20 Current Ratio1.67 Quick Ratio1.67 Sales & Book Value Annual Sales$2.26 billion Price / Sales7.21 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.77Miscellaneous Outstanding Shares167,400,000Free Float155,679,000Market Cap$16.31 billion OptionableOptionable Beta0.98 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 52)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 43)Chief Financial Officer Comp: $640.84kMr. Jacques Frederic Kerrest (Age 46)Co-Founder & Executive Vice Chairperson Comp: $543.39kMr. Sagnik NandyPresident & Chief Development Officer of Workforce IdentityMr. Eugenio PaceCo-founder & President of Business OperationsMs. Alvina Y. Antar (Age 49)Senior VP & Chief Information Officer Dave GennarelliVice President of Investor RelationsMs. Larissa Schwartz (Age 52)Chief Legal Officer & Corporate Secretary Mr. Eric KelleherPresident of Customer Experience & CommunicationsMr. Monty GrayExecutive Vice President of Corporate DevelopmentMore ExecutivesKey CompetitorsCheck Point Software TechnologiesNASDAQ:CHKPBentley SystemsNASDAQ:BSYNutanixNASDAQ:NTNXSS&C TechnologiesNASDAQ:SSNCDynatraceNYSE:DTView All CompetitorsInsiders & InstitutionsCetera Investment AdvisersBought 8,051 shares on 5/24/2024Ownership: 0.010%Cetera Advisors LLCBought 9,042 shares on 5/24/2024Ownership: 0.005%Swedbank ABBought 80,502 shares on 5/21/2024Ownership: 0.048%Virtu Financial LLCBought 11,205 shares on 5/20/2024Ownership: 0.007%Wahed Invest LLCBought 423 shares on 5/17/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions Should I buy or sell Okta stock right now? 30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 20 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares. View OKTA analyst ratings or view top-rated stocks. What is Okta's stock price target for 2024? 30 equities research analysts have issued 12 month price objectives for Okta's stock. Their OKTA share price targets range from $70.00 to $140.00. On average, they expect the company's share price to reach $101.84 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price. View analysts price targets for OKTA or view top-rated stocks among Wall Street analysts. How have OKTA shares performed in 2024? Okta's stock was trading at $90.53 at the start of the year. Since then, OKTA shares have increased by 6.2% and is now trading at $96.15. View the best growth stocks for 2024 here. When is Okta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our OKTA earnings forecast. How can I listen to Okta's earnings call? Okta will be holding an earnings conference call on Wednesday, May 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.35. The firm had revenue of $605 million for the quarter, compared to analyst estimates of $586.25 million. Okta had a negative trailing twelve-month return on equity of 5.69% and a negative net margin of 15.69%. What ETFs hold Okta's stock? ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Global X Cybersecurity ETF (BUG), iShares Cybersecurity and Tech ETF (IHAK), WisdomTree Cybersecurity Fund (WCBR), Sterling Capital Focus Equity ETF (LCG), Xtrackers Cybersecurity Select Equity ETF (PSWD), Amplify Cybersecurity ETF (HACK), SPDR S&P Internet ETF (XWEB) and American Century Focused Dynamic Growth ETF (FDG). What guidance has Okta issued on next quarter's earnings? Okta issued an update on its first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.540-0.550 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $603.0 million-$605.0 million, compared to the consensus revenue estimate of $584.9 million. What is Todd McKinnon's approval rating as Okta's CEO? 302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Okta own? Based on aggregate information from My MarketBeat watchlists, some companies that other Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA). When did Okta IPO? Okta (OKTA) raised $154 million in an IPO on Friday, April 7th 2017. The company issued 11,000,000 shares at $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and JMP Securities were co-managers. Who are Okta's major shareholders? Okta's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.47%), Champlain Investment Partners LLC (2.33%), Whale Rock Capital Management LLC (1.36%), Bessemer Group Inc. (0.51%), Jackson Square Partners LLC (0.41%) and Mirae Asset Global Investments Co. Ltd. (0.39%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, Larissa Schwartz, Ledger Susan St, Robert L Dixon Jr, Shellye L Archambeau, Shibu Ninan, Todd Burrowes and Todd Mckinnon. View institutional ownership trends. How do I buy shares of Okta? Shares of OKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Okta have any subsidiaries? The following companies are subsidiares of Okta: Azuqua, Azuqua Inc., Okta Australia Pty Limited, Okta France SAS, Okta GmbH, Okta Identity Netherlands BV, Okta SG Pte. Ltd., Okta Software Canada Inc., Okta UK LTD, ScaleFT, ScaleFT Inc., SpydrSafe Mobile Security, SpydrSafe Mobile Security Inc., Stormpath, and Workflow Automation.Read More This page (NASDAQ:OKTA) was last updated on 5/28/2024 by MarketBeat.com Staff From Our PartnersRevealed: The Unknown Biotech Powering AI in HealthcareBehind the MarketsThe #1 Crypto That You Don’t Own… YetCrypto 101 MediaWARNING about the death of the U.S. dollar…Colonial MetalsDigitizing the $11T commodities sector with one tiny stockResource Stock DigestTim Sykes’ Urgent Trade Alert: “Make this move now”Timothy SykesBiggest Prediction of My 50-Year Career on Wall StreetChaikin AnalyticsElon’s New Device is About to Shock the WorldInvestorPlaceHe Is Giving Away BitcoinCrypto Swap Profits Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Okta, Inc. 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