Okta (OKTA) Stock Price, News & Analysis

$94.37
+1.13 (+1.21%)
(As of 04/23/2024 ET)
Today's Range
$93.33
$95.49
50-Day Range
$81.18
$111.49
52-Week Range
$65.04
$114.50
Volume
806,168 shs
Average Volume
1.96 million shs
Market Capitalization
$15.80 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$100.39

Okta MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
6.4% Upside
$100.39 Price Target
Short Interest
Healthy
2.28% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.71mentions of Okta in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.21 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.51) to ($1.18) Per Share

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.

3.28 out of 5 stars

Computer And Technology Sector

273rd out of 591 stocks

Prepackaged Software Industry

87th out of 199 stocks

OKTA stock logo

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.

OKTA Stock Price History

OKTA Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/23/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:OKTA
Fax
N/A
Employees
5,908
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$100.39
High Stock Price Target
$140.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+6.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
30 Analysts

Profitability

Net Income
$-355,000,000.00
Pretax Margin
-14.89%

Debt

Sales & Book Value

Annual Sales
$2.26 billion
Book Value
$35.17 per share

Miscellaneous

Free Float
155,077,000
Market Cap
$15.84 billion
Optionable
Optionable
Beta
1.00

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OKTA Stock Analysis - Frequently Asked Questions

Should I buy or sell Okta stock right now?

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 20 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities 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 shares. Their OKTA share price targets range from $70.00 to $140.00. On average, they expect the company's stock price to reach $100.39 in the next twelve months. This suggests a possible upside of 6.4% 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 on January 1st, 2024. Since then, OKTA stock has increased by 4.2% and is now trading at $94.37.
View the best growth stocks for 2024 here
.

Are investors shorting Okta?

Okta saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,820,000 shares, an increase of 27.8% from the March 15th total of 2,990,000 shares. Based on an average daily volume of 2,090,000 shares, the short-interest ratio is currently 1.8 days.
View Okta's Short Interest
.

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 were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, February, 28th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.35. The company earned $605 million during the quarter, compared to analysts' expectations of $586.25 million. Okta had a negative net margin of 15.69% and a negative trailing twelve-month return on equity of 5.69%.

What guidance has Okta issued on next quarter's earnings?

Okta updated 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 initial public offering (IPO) on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company served 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 a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Los Angeles Capital Management LLC (0.15%), Allspring Global Investments Holdings LLC (0.15%), Paragon Capital Management Ltd (0.07%), Raymond James & Associates (0.06%) and Selective Wealth Management Inc. (0.03%). 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.
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This page (NASDAQ:OKTA) was last updated on 4/23/2024 by MarketBeat.com Staff

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