NASDAQ:OKTA Okta (OKTA) Stock Forecast, Price & News $74.69 -16.21 (-17.83%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$70.20▼$75.7850-Day Range$68.53▼$90.9052-Week Range$44.12▼$111.35Volume19.68 million shsAverage Volume2.58 million shsMarket Capitalization$12.05 billionP/E RatioN/ADividend YieldN/APrice Target$86.97 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingModerate Buy2.51 Rating ScoreUpside/Downside15.3% Upside$86.13 Price TargetShort InterestHealthy3.13% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.41Based on 50 Articles This WeekInsider TradingSelling Shares$533,244 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($3.05) to ($2.98) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.32 out of 5 starsComputer And Technology Sector769th out of 1,226 stocksPrepackaged Software Industry225th out of 432 stocks 3.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 22 buy ratings, 13 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $86.13, Okta has a forecasted upside of 15.3% from its current price of $74.69.Amount of Analyst CoverageOkta has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.13% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 15.83%, indicating that investor sentiment is decreasing significantly. 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 3.0 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.41. 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 Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 50 news articles for Okta this week, compared to 12 articles on an average week.Search Interest78 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 32% compared to the previous 30 days.MarketBeat Follows20 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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 $533,244.00 in company stock.Percentage Held by InsidersOnly 7.36% of the stock of Okta is held by insiders.Percentage Held by Institutions73.02% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($3.05) to ($2.98) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -14.45, 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 -14.45, 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 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Okta (NASDAQ:OKTA) StockOkta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.Read More 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 OKTA Stock News HeadlinesJune 1, 2023 | marketbeat.comOkta, Inc: When Great Results Aren’t Good Enough Okta reported a robust quarter and guided higher but the growth is slowing and that is weighing on analysts' sentiment and the stock price.June 1, 2023 | msn.comRBC Capital Maintains Okta Inc - (OKTA) Outperform RecommendationJune 2, 2023 | UNKNOWN (Ad)Lithium Has Boomed And This American Stock Is Ready..Lithium Has Been On A Crazy Rally Over The Last 3 Year's And This Stock Could Be Next!June 1, 2023 | msn.comUBS Maintains Okta Inc - (OKTA) Buy RecommendationJune 1, 2023 | finance.yahoo.comOkta Stock Falls After Earnings Beat Estimates. Why Investors Are Concerned.June 1, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About Okta (OKTA) Q1 EarningsJune 1, 2023 | finance.yahoo.comOkta stock takes nosedive despite beating earnings estimatesJune 1, 2023 | finance.yahoo.comWhy Okta Stock Cratered Thursday MorningJune 2, 2023 | Vantage Point (Ad)Having Trouble in Your Trading?If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right or anticipate massive trend reversals with A.I. like I’ll show you in this upcoming FREE Live A.I. Stock Market Training. June 1, 2023 | finance.yahoo.comThese Stocks Moved the Most Today: C3.ai, Salesforce, Chewy, Dollar General, and More StockJune 1, 2023 | marketwatch.comOkta Announces First Quarter Fiscal Year 2024 Financial ResultsJune 1, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Cut to Market Perform at BMO Capital MarketsJune 1, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Lowered to "Market Perform" at BMO Capital MarketsJune 1, 2023 | barrons.comS&P 500 Futures Rise in Premarket Trading; Okta, Lucid Group LagJune 1, 2023 | msn.comOkta to explain why everything starts with identity at #ITWebSS2023June 1, 2023 | markets.businessinsider.comJ.P. Morgan Sticks to Its Hold Rating for Okta (OKTA)June 1, 2023 | markets.businessinsider.comOkta (OKTA) Receives a Buy from Wells FargoJune 1, 2023 | finance.yahoo.comDow Jones Futures Rise: House OKs Debt-Limit Bill; Salesforce, AI Stock Lead Earnings MoversJune 1, 2023 | finance.yahoo.comOkta Stock Tanks. The Case Against Buying the Dip.June 1, 2023 | americanbankingnews.comSanford C. Bernstein Trims Okta (NASDAQ:OKTA) Target Price to $84.00June 1, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Lowered to "Neutral" at JPMorgan Chase & Co.June 1, 2023 | markets.businessinsider.comRobert W. Baird Reaffirms Their Buy Rating on Okta (OKTA)June 1, 2023 | finance.yahoo.comOkta (OKTA) Q1 2024 Earnings Call TranscriptMay 31, 2023 | uk.news.yahoo.comOkta (OKTA) Beats Q1 Earnings and Revenue EstimatesMay 31, 2023 | marketwatch.comOkta Expects Swing to Adjusted Profit in 2QMay 31, 2023 | theglobeandmail.comOkta (NASDAQ:OKTA) Surprises With Q1 Sales But Stock Drops 12.4%May 31, 2023 | msn.comOKTA Tanks despite Winning Earnings, Solid GuidanceSee More Headlines OKTA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Company Calendar Last Earnings12/01/2021Today6/01/2023Next Earnings (Estimated)8/30/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees6,013Year Founded2009Price Target and Rating Average Stock Price Forecast$86.13 High Stock Price Forecast$120.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+16.4%Consensus RatingModerate Buy Rating Score (0-4)2.51 Research Coverage39 Analysts Profitability EPS (Most Recent Fiscal Year)($5.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-815,000,000.00 Net Margins-43.87% Pretax Margin-43.11% Return on Equity-12.53% Return on Assets-7.48% Debt Debt-to-Equity Ratio0.40 Current Ratio2.20 Quick Ratio2.20 Sales & Book Value Annual Sales$1.86 billion Price / Sales6.48 Cash FlowN/A Price / Cash FlowN/A Book Value$33.89 per share Price / Book2.20Miscellaneous Outstanding Shares161,290,000Free Float149,417,000Market Cap$12.05 billion OptionableOptionable Beta1.15 Social Links Key ExecutivesTodd McKinnonChairman & Chief Executive OfficerSagnik NandyPresident & Chief Development Officer-WorkforceJ. Frederic KerrestExecutive Vice Chairman & Chief Operating OfficerBrett TigheChief Financial OfficerAlvina Y. AntarChief Information Officer & Senior Vice PresidentKey CompetitorsDynatraceNYSE:DTCheck Point Software TechnologiesNASDAQ:CHKPSS&C TechnologiesNASDAQ:SSNCBentley SystemsNASDAQ:BSYPTCNASDAQ:PTCView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 64,043 shares on 6/1/2023Ownership: 0.056%Seaport Global Advisors LLCBought 1,318 shares on 5/23/2023Ownership: 0.003%Toroso Investments LLCBought 2,336 shares on 5/23/2023Ownership: 0.001%American TrustBought 3,581 shares on 5/22/2023Ownership: 0.002%B. Riley Wealth Advisors Inc.Sold 218 shares on 5/17/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions OKTA Stock - Frequently Asked Questions Should I buy or sell Okta stock right now? 39 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 4 sell ratings, 13 hold ratings and 22 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 forecast for 2023? 39 equities research analysts have issued 1-year target prices for Okta's stock. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they anticipate the company's stock price to reach $86.13 in the next year. This suggests a possible upside of 15.3% 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 2023? Okta's stock was trading at $68.33 at the start of the year. Since then, OKTA shares have increased by 9.3% and is now trading at $74.69. View the best growth stocks for 2023 here. When is Okta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 30th 2023. View our OKTA earnings forecast. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, December, 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.17. The company had revenue of $350.68 million for the quarter, compared to analysts' expectations of $327.33 million. Okta had a negative net margin of 43.87% and a negative trailing twelve-month return on equity of 12.53%. During the same quarter last year, the firm posted ($0.38) earnings per share. 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), TrueShares Technology, AI & Deep Learning ETF (LRNZ), iShares Cybersecurity and Tech ETF (IHAK), ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), First Trust Lunt U.S. Factor Rotation ETF (FCTR), Sterling Capital Focus Equity ETF (LCG) and First Trust Nasdaq Cybersecurity ETF (CIBR). What guidance has Okta issued on next quarter's earnings? Okta updated its FY24 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $0.88-0.93 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of $2.171-2.185 billion, compared to the consensus revenue estimate of $2.17 billion. 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) raised $154 million in an initial public offering 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 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. What is Okta's stock symbol? Okta trades on the NASDAQ under the ticker symbol "OKTA." Who are Okta's major shareholders? Okta's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Davidson Kempner Capital Management LP (0.00%), Sands Capital Management LLC (2.56%), First Trust Advisors LP (1.40%), Champlain Investment Partners LLC (1.29%), Geode Capital Management LLC (0.95%) and Bessemer Group Inc. (0.51%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Charles Race, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, L Michelle Wilson, Larissa Schwartz, Ledger Susan St, Michael R Kourey, Robert L Dixon Jr, Shibu Ninan, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Okta's stock price today? One share of OKTA stock can currently be purchased for approximately $74.69. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $12.05 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($5.17) on an earnings per share basis. How many employees does Okta have? The company employs 6,013 workers across the globe. 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 How can I contact Okta? Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The official website for the company is www.okta.com. The company can be reached via phone at (888) 722-7871 or via email at investor@okta.com. This page (NASDAQ:OKTA) was last updated on 6/2/2023 by MarketBeat.com Staff 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. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.