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Okta (OKTA) Stock Price, News & Analysis

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$148.28 +0.47 (+0.31%)
As of 02:54 PM Eastern
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About Okta Stock (NASDAQ:OKTA)

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Key Stats

Today's Range
$147.08
$151.57
50-Day Range
$89.50
$154.62
52-Week Range
$62.66
$157.00
Volume
829,931 shs
Average Volume
3.54 million shs
Market Capitalization
$25.77 billion
P/E Ratio
107.56
Dividend Yield
N/A
Price Target
$121.81
Consensus Rating
Moderate Buy

Company Overview

Okta, Inc. is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs. Key components include Single Sign-On (SSO) to streamline user authentication across multiple applications, Adaptive Multi-Factor Authentication (MFA) for risk-based security checks, and Lifecycle Management to automate onboarding and offboarding processes. Additional modules, such as API Access Management and custom workflow automation, allow enterprises to extend identity controls into custom applications and developer environments.

Okta serves a global customer base spanning sectors such as financial services, healthcare, technology, education and government. Its platform is leveraged by organizations of all sizes, from startups to large enterprises, to secure employee, partner and customer identities. With data centers and cloud regions distributed across North America, Europe, Asia and Australia, Okta supports compliance requirements and performance needs for customers in more than 100 countries.

AI Generated. May Contain Errors.

Okta Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
65th Percentile Overall Score

OKTA MarketRank™: 

Okta scored higher than 65% of companies evaluated by MarketBeat, and ranked 266th out of 593 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Okta has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 1 strong buy rating, 28 buy ratings, 13 hold ratings, and 2 sell ratings.

  • Downside Risk

    Okta has a consensus price target of $121.81, representing about 17.8% downside from its current price of $148.10.

  • Amount of Analyst Coverage

    Okta has been the subject of 32 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Okta's stock forecast and price target.
  • Earnings Growth

    Earnings for Okta are expected to grow by 25.14% in the coming year, from $1.75 to $2.19 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Okta is 107.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 40.45.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Okta is 107.25, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 81.95.

  • Price to Earnings Growth Ratio

    Okta has a PEG Ratio of 5.09. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Okta has a P/B Ratio of 3.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Okta's valuation and earnings.
  • Percentage of Shares Shorted

    4.57% of the float of Okta has been sold short.
  • Short Interest Ratio / Days to Cover

    Okta has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Okta has recently decreased by 11.97%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Okta does not currently pay a dividend.

  • Dividend Growth

    Okta does not have a long track record of dividend growth.

  • News Sentiment

    Okta has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 30 news articles for Okta this week, compared to 10 articles on an average week.
  • Search Interest

    37 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 118% compared to the previous 30 days.
  • MarketBeat Follows

    Only 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.
  • Insider Buying vs. Insider Selling

    In 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 $22,534,353.00 in company stock.

  • Percentage Held by Insiders

    4.61% of the stock of Okta is held by insiders.

  • Percentage Held by Institutions

    86.64% 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.
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OKTA Stock News Headlines

Okta: The Quiet Turn From Cash Burn To Cash Machine
A letter from Shannon Stansberry
Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief. It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live.tc pixel
Okta: The Quiet Turn From Cash Burn To Cash Machine
Okta: The Next Growth Phase May Come From Non-Human Origins
See More Headlines

OKTA Stock Analysis - Frequently Asked Questions

Okta's stock was trading at $86.47 at the start of the year. Since then, OKTA stock has increased by 71.2% and is now trading at $148.0190.

Okta, Inc. (NASDAQ:OKTA) announced its quarterly earnings results on Thursday, May, 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm's quarterly revenue was up 11.2% compared to the same quarter last year.
Read the conference call transcript
.

Okta's board approved a share buyback plan on Monday, January 5th 2026, which permits the company to buy back $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 6.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Okta subsidiaries include these companies: Azuqua, Workflow Automation, ScaleFT, Stormpath, SpydrSafe Mobile Security, Azuqua Inc., Okta Australia Pty Limited, and others.

Okta (OKTA) raised $176 million in an initial public offering on Friday, April 7th 2017. The company issued 11,000,000 shares at $15.00-$17.00 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.

Top institutional investors of Okta include Handelsbanken Fonder AB (0.12%), Assenagon Asset Management S.A. (0.11%), E. Ohman J or Asset Management AB (0.08%) and Gradient Investments LLC (0.01%). Insiders that own company stock include Brett Tighe, Todd Mckinnon, Larissa Schwartz, Eric Robert Kelleher, Shellye L Archambeau, Jonathan James Addison, Shibu Ninan, David Schellhase and Jacques Frederic Kerrest.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Okta investors own include Digital Turbine (APPS), CrowdStrike (CRWD), SoFi Technologies (SOFI), Archer Aviation (ACHR) and ChargePoint (CHPT).

Company Calendar

Last Earnings
5/28/2026
Today
8/05/2026
Next Earnings (Confirmed)
8/26/2026
Fiscal Year End
1/31/2027

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Software
Sub-Industry
Application Software
Current Symbol
NASDAQ:OKTA
CIK
1660134
Fax
N/A
Employees
6,366
Year Founded
2009

Price Target and Rating

High Price Target
$175.00
Low Price Target
$60.00
Potential Upside/Downside
-17.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
44 Analysts

Profitability

EPS (Trailing Twelve Months)
$1.38
Trailing P/E Ratio
107.43
Forward P/E Ratio
84.72
P/E Growth
5.09
Net Income
$235 million
Net Margins
8.24%
Pretax Margin
8.85%
Return on Equity
4.15%
Return on Assets
3.02%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.43
Quick Ratio
1.43

Sales & Book Value

Annual Sales
$2.92 billion
Price / Sales
8.83
Cash Flow
$3.20 per share
Price / Cash Flow
46.27
Book Value
$39.57 per share
Price / Book
3.75

Miscellaneous

Outstanding Shares
173,810,000
Free Float
165,794,000
Market Cap
$25.77 billion
Optionable
Optionable
Beta
0.77

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This page (NASDAQ:OKTA) was last updated on 8/5/2026 by MarketBeat.com Staff.
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