Okta (OKTA) Competitors

$92.29
-0.64 (-0.69%)
(As of 04/26/2024 ET)

OKTA vs. BSY, SSNC, NTNX, MANH, NICE, TYL, DT, CHKP, TWLO, and PAYC

Should you be buying Okta stock or one of its competitors? The main competitors of Okta include Bentley Systems (BSY), SS&C Technologies (SSNC), Nutanix (NTNX), Manhattan Associates (MANH), NICE (NICE), Tyler Technologies (TYL), Dynatrace (DT), Check Point Software Technologies (CHKP), Twilio (TWLO), and Paycom Software (PAYC). These companies are all part of the "prepackaged software" industry.

Okta vs.

Bentley Systems (NASDAQ:BSY) and Okta (NASDAQ:OKTA) are both large-cap computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their media sentiment, valuation, community ranking, dividends, institutional ownership, profitability, analyst recommendations, earnings and risk.

In the previous week, Okta had 4 more articles in the media than Bentley Systems. MarketBeat recorded 14 mentions for Okta and 10 mentions for Bentley Systems. Okta's average media sentiment score of 0.83 beat Bentley Systems' score of 0.51 indicating that Bentley Systems is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bentley Systems
6 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Okta
4 Very Positive mention(s)
2 Positive mention(s)
7 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Okta received 476 more outperform votes than Bentley Systems when rated by MarketBeat users. However, 61.36% of users gave Bentley Systems an outperform vote while only 59.55% of users gave Okta an outperform vote.

CompanyUnderperformOutperform
Bentley SystemsOutperform Votes
54
61.36%
Underperform Votes
34
38.64%
OktaOutperform Votes
530
59.55%
Underperform Votes
360
40.45%

44.2% of Bentley Systems shares are owned by institutional investors. Comparatively, 86.6% of Okta shares are owned by institutional investors. 21.1% of Bentley Systems shares are owned by company insiders. Comparatively, 7.4% of Okta shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Bentley Systems has a beta of 1.1, meaning that its share price is 10% more volatile than the S&P 500. Comparatively, Okta has a beta of 1, meaning that its share price has a similar volatility profile to the S&P 500.

Bentley Systems currently has a consensus target price of $58.44, suggesting a potential upside of 8.25%. Okta has a consensus target price of $100.39, suggesting a potential upside of 8.77%. Given Bentley Systems' higher probable upside, analysts clearly believe Okta is more favorable than Bentley Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bentley Systems
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.80
Okta
0 Sell rating(s)
20 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.33

Bentley Systems has higher earnings, but lower revenue than Okta. Okta is trading at a lower price-to-earnings ratio than Bentley Systems, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bentley Systems$1.23B12.56$326.71M$0.9954.54
Okta$2.26B6.83-$355M-$2.17-42.53

Bentley Systems has a net margin of 26.60% compared to Bentley Systems' net margin of -15.69%. Okta's return on equity of 33.87% beat Bentley Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Bentley Systems26.60% 33.87% 7.49%
Okta -15.69%-5.69%-3.67%

Summary

Bentley Systems beats Okta on 12 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding OKTA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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OKTA vs. The Competition

MetricOktaPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$15.45B$21.44B$20.51B$7.64B
Dividend YieldN/A2.19%2.80%3.94%
P/E Ratio-42.5362.46225.3714.96
Price / Sales6.839.25513.8685.79
Price / CashN/A66.2528.6935.33
Price / Book2.629.576.774.26
Net Income-$355M$369.10M$627.07M$214.06M
7 Day Performance0.28%4.83%3.02%1.88%
1 Month Performance-11.79%-3.33%-3.14%-5.70%
1 Year Performance34.67%19.76%16.21%6.72%

Okta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BSY
Bentley Systems
4.344 of 5 stars
$54.42
+2.3%
$58.44
+7.4%
+28.0%$15.55B$1.23B54.975,200Insider Selling
Short Interest ↑
News Coverage
SSNC
SS&C Technologies
4.9422 of 5 stars
$60.98
-0.4%
$70.78
+16.1%
+9.6%$15.08B$5.50B25.6226,000Analyst Report
Short Interest ↓
News Coverage
NTNX
Nutanix
3.876 of 5 stars
$61.07
+2.0%
$65.17
+6.7%
+157.8%$14.92B$1.86B-169.646,450Short Interest ↓
MANH
Manhattan Associates
4.9301 of 5 stars
$230.63
+1.0%
$231.29
+0.3%
+23.9%$14.20B$928.72M81.784,580Analyst Report
Short Interest ↓
Analyst Revision
News Coverage
NICE
NICE
4.1352 of 5 stars
$228.43
+1.8%
$291.55
+27.6%
+11.1%$14.11B$2.38B44.888,384Analyst Report
TYL
Tyler Technologies
4.1494 of 5 stars
$418.16
+1.6%
$460.46
+10.1%
+19.3%$17.75B$1.95B107.507,300Analyst Report
Analyst Revision
News Coverage
DT
Dynatrace
4.9222 of 5 stars
$46.23
+1.5%
$61.08
+32.1%
+11.0%$13.61B$1.16B70.054,180
CHKP
Check Point Software Technologies
4.3882 of 5 stars
$160.80
+1.3%
$160.16
-0.4%
+18.1%$19.42B$2.41B22.586,450Earnings Report
Analyst Report
News Coverage
TWLO
Twilio
4.0943 of 5 stars
$60.33
+2.9%
$68.90
+14.2%
+15.4%$10.92B$4.15B-10.895,867News Coverage
PAYC
Paycom Software
4.8442 of 5 stars
$188.09
+0.7%
$257.18
+36.7%
-34.6%$10.82B$1.69B31.887,308Upcoming Earnings

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This page (NASDAQ:OKTA) was last updated on 4/28/2024 by MarketBeat.com Staff

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