Okta Company Profile (NASDAQ:OKTA)

About Okta (NASDAQ:OKTA)

Okta logoOkta, Inc. is a United States-based independent provider of identity for the enterprise. The Company's Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers. Its Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. The Okta for Developers include Complete Authentication, User Management, Application Programming Interface (API) Access Management and Developer Tools. The Company offers solutions, such as access applications across multiple domains; cloud applications on mobile devices; connecting to distributor and supplier identities; employee single sign-on (SSO) to applications; employee system of record; secure customer identity management; secure infrastructure and services, and mobile device lifecycle automation.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:OKTA
  • CUSIP: N/A
  • Web: www.okta.com
Capitalization:
  • Market Cap: $2.67821 billion
  • Outstanding Shares: 19,262,000
Average Prices:
  • 50 Day Moving Avg: $28.33
  • 200 Day Moving Avg: $25.35
  • 52 Week Range: $21.52 - $33.64
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -37.63
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $205.1 million
  • Price / Sales: 2.69
  • Book Value: $1.60 per share
  • Price / Book: 17.88
Profitability:
  • EBITDA: ($92,260,000.00)
Debt:
  • Current Ratio: 1.80%
  • Quick Ratio: 1.80%
Misc:
  • Average Volume: 676,828 shs.
  • Short Ratio: 7.03
 

Frequently Asked Questions for Okta (NASDAQ:OKTA)

What is Okta's stock symbol?

Okta trades on the NASDAQ under the ticker symbol "OKTA."

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings results on Thursday, September, 7th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.26) by $0.03. The firm earned $61 million during the quarter, compared to analyst estimates of $55.90 million. The firm's quarterly revenue was up 63.1% compared to the same quarter last year. View Okta's Earnings History.

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

Okta issued an update on its FY18 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of ($0.98-0.95) for the period, compared to the Thomson Reuters consensus estimate of ($1.13). The company issued revenue guidance of $243-245 million, compared to the consensus revenue estimate of $235.60 million.Okta also updated its Q3 guidance to ($0.24)-(0.25) EPS.

Where is Okta's stock going? Where will Okta's stock price be in 2017?

8 analysts have issued twelve-month target prices for Okta's stock. Their forecasts range from $28.00 to $35.00. On average, they expect Okta's stock price to reach $32.00 in the next year. View Analyst Ratings for Okta.

What are analysts saying about Okta stock?

Here are some recent quotes from research analysts about Okta stock:

  • 1. According to Zacks Investment Research, "Okta, Inc. is a provider of identity for the enterprise. The Company's product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States. " (9/20/2017)
  • 2. Canaccord Genuity analysts commented, "We attended Okta’s annual customer conference, Oktane, along with almost 2,000 registered attendees and a couple dozen financial types at the analyst breakout session. We came away more convinced that this firm could become something very special over the next decade. While valuation dissuades us from rating Okta BUY at this point, we would likely change our mind if OKTA corrects to the low-$20 range perhaps in response to a market correction or lockup expiration." (8/30/2017)

Who are some of Okta's key competitors?

Who are Okta's key executives?

Okta's management team includes the folowing people:

  • Todd McKinnon, Chief Executive Officer, Co-Founder, Director
  • Frederic Kerrest, Co-Founder, Chief Operating Officer and Director
  • Bill Losch CPA, Chief Financial Officer
  • Hector Aguilar, Executive Vice President of Engineering, Chief Technology Officer
  • Adam Aarons, Chief Revenue Officer
  • Eric Berg, Chief Product Officer

When did Okta IPO?

(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 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.

When did the company's lock-up period expire?

Okta's lock-up period expired on Wednesday, October 4th. Okta had issued 11,000,000 shares in its initial public offering on April 7th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. Since the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

Who owns Okta stock?

Okta's stock is owned by a number of of retail and institutional investors. Top institutional investors include Quantitative Systematic Strategies LLC (0.06%) and Crow Point Partners LLC (0.01%). Company insiders that own Okta stock include Jacques Frederic Kerrest, Jonathan T Runyan, Todd Mckinnon and William E Losch. View Institutional Ownership Trends for Okta.

Who bought Okta stock? Who is buying Okta stock?

Okta's stock was bought by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC and Crow Point Partners LLC. View Insider Buying and Selling for Okta.

How do I buy Okta stock?

Shares of Okta can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Okta's stock price today?

One share of Okta stock can currently be purchased for approximately $28.60.


MarketBeat Community Rating for Okta (NASDAQ OKTA)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  55 (Vote Outperform)
Underperform Votes:  54 (Vote Underperform)
Total Votes:  109
MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Okta (NASDAQ:OKTA) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: $32.00 (11.89% upside)
Consensus Price Target History for Okta (NASDAQ:OKTA)
Price Target History for Okta (NASDAQ:OKTA)
Analysts' Ratings History for Okta (NASDAQ:OKTA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/10/2017Oppenheimer Holdings, Inc.Initiated CoverageOutperform$32.00N/AView Rating Details
10/4/2017William BlairInitiated CoverageOutperform -> OutperformN/AView Rating Details
9/8/2017Canaccord GenuityBoost Price TargetHold$27.00 -> $28.00HighView Rating Details
9/8/2017KeyCorpReiterated RatingBuy$35.00HighView Rating Details
6/12/2017Pacific CrestReiterated RatingOutperform$32.00LowView Rating Details
5/2/2017JMP SecuritiesInitiated CoverageMkt Perform -> Market PerformHighView Rating Details
5/2/2017J P Morgan Chase & CoInitiated CoverageOverweight -> Overweight$33.00HighView Rating Details
5/2/2017Goldman Sachs Group IncInitiated CoverageNeutral -> NeutralHighView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Okta (NASDAQ:OKTA)
Earnings by Quarter for Okta (NASDAQ:OKTA)
Earnings History by Quarter for Okta (NASDAQ OKTA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
9/7/2017Q2 2018($0.26)($0.29)$55.90 million$61.00 millionViewListenView Earnings Details
6/7/2017Q1 2018($0.61)($0.50)$48.23 million$53.00 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Okta (NASDAQ:OKTA)
2017 EPS Consensus Estimate: ($0.96)
2018 EPS Consensus Estimate: ($0.45)
2019 EPS Consensus Estimate: ($0.80)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q4 20171($0.96)($0.96)($0.96)
Q3 20182($0.25)($0.24)($0.25)
Q4 20183($0.21)($0.20)($0.21)
Q1 20193($0.22)($0.21)($0.21)
Q2 20193($0.24)($0.21)($0.22)
Q3 20193($0.19)($0.19)($0.19)
Q4 20193($0.18)($0.17)($0.17)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Okta (NASDAQ:OKTA)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Okta (NASDAQ:OKTA)
Institutional Ownership Percentage: 13.01%
Insider Trades by Quarter for Okta (NASDAQ:OKTA)
Institutional Ownership by Quarter for Okta (NASDAQ:OKTA)
Insider Trades by Quarter for Okta (NASDAQ:OKTA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/18/2017Jacques Frederic KerrestCOOSell95,366$27.14$2,588,233.24View SEC Filing  
10/16/2017Jacques Frederic KerrestCOOSell39,705$27.63$1,097,049.15View SEC Filing  
10/16/2017Todd MckinnonCEOSell25,455$27.31$695,176.05View SEC Filing  
10/12/2017Jacques Frederic KerrestCOOSell122,504$28.59$3,502,389.36View SEC Filing  
10/12/2017Todd MckinnonCEOSell49,545$28.59$1,416,491.55View SEC Filing  
10/11/2017Jacques Frederic KerrestCOOSell88,625$28.62$2,536,447.50View SEC Filing  
10/11/2017Todd MckinnonCEOSell40,158$28.61$1,148,920.38View SEC Filing  
10/11/2017William E LoschCFOSell12,200$28.63$349,286.00View SEC Filing  
10/4/2017Jonathan T RunyanGeneral CounselSell300,000$27.03$8,109,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Okta (NASDAQ:OKTA)
Latest Headlines for Okta (NASDAQ:OKTA)
Source:
DateHeadline
finance.yahoo.com logoThe Case For Being Optimistic On Okta
finance.yahoo.com - October 21 at 7:30 AM
americanbankingnews.com logoJacques Frederic Kerrest Sells 95,366 Shares of Okta, Inc. (OKTA) Stock
www.americanbankingnews.com - October 20 at 7:26 PM
finance.yahoo.com logoOkta, Inc. – Value Analysis (NASDAQ:OKTA) : October 18, 2017
finance.yahoo.com - October 19 at 7:09 AM
finance.yahoo.com logoOkta, Inc. breached its 50 day moving average in a Bearish Manner : OKTA-US : October 17, 2017
finance.yahoo.com - October 18 at 7:57 AM
americanbankingnews.com logoTodd Mckinnon Sells 25,455 Shares of Okta, Inc. (OKTA) Stock
www.americanbankingnews.com - October 17 at 7:26 PM
americanbankingnews.com logoOkta, Inc. (OKTA) COO Jacques Frederic Kerrest Sells 39,705 Shares
www.americanbankingnews.com - October 17 at 7:26 PM
americanbankingnews.com logoOkta, Inc. (OKTA) CEO Sells $1,148,920.38 in Stock
www.americanbankingnews.com - October 13 at 7:42 PM
americanbankingnews.com logoWilliam E. Losch Sells 12,200 Shares of Okta, Inc. (OKTA) Stock
www.americanbankingnews.com - October 13 at 7:40 PM
americanbankingnews.com logoJacques Frederic Kerrest Sells 88,625 Shares of Okta, Inc. (OKTA) Stock
www.americanbankingnews.com - October 13 at 7:20 PM
americanbankingnews.com logoInsider Selling: Okta, Inc. (OKTA) COO Sells 122,504 Shares of Stock
www.americanbankingnews.com - October 13 at 7:20 PM
americanbankingnews.com logoInsider Selling: Okta, Inc. (OKTA) CEO Sells 49,545 Shares of Stock
www.americanbankingnews.com - October 13 at 7:20 PM
americanbankingnews.com logoOkta, Inc. (OKTA) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - October 13 at 2:40 AM
americanbankingnews.com logoOppenheimer Holdings Comments on Okta, Inc.'s Q3 2018 Earnings (OKTA)
www.americanbankingnews.com - October 12 at 1:32 PM
bizjournals.com logoRecord-breaking Dropbox lease makes S.F. office space even scarcer
www.bizjournals.com - October 12 at 7:50 AM
americanbankingnews.com logoOkta, Inc. (OKTA) Receives New Coverage from Analysts at Oppenheimer Holdings, Inc.
www.americanbankingnews.com - October 10 at 10:38 AM
finance.yahoo.com logoStocks With Rising Relative Price Strength: Okta
finance.yahoo.com - October 7 at 8:01 PM
americanbankingnews.com logoInsider Selling: Okta, Inc. (OKTA) General Counsel Sells 300,000 Shares of Stock
www.americanbankingnews.com - October 6 at 7:24 PM
americanbankingnews.com logoBrokers Issue Forecasts for Okta, Inc.'s Q3 2018 Earnings (OKTA)
www.americanbankingnews.com - October 6 at 12:28 PM
businesswire.com logoCEdMA Honors Okta, Inc. as Leader in Educational Services With 2017 Innovation Award
www.businesswire.com - October 5 at 1:44 PM
americanbankingnews.com logoOkta, Inc. (OKTA) Research Coverage Started at William Blair
www.americanbankingnews.com - October 4 at 5:26 PM
finance.yahoo.com logoEarnings Review and Free Research Report: Okta’s Revenue Surged 62.9%
finance.yahoo.com - October 2 at 8:15 PM
finance.yahoo.com logoThis Year's Most Successful Tech IPOs Have Often Been Diamonds in the Rough
finance.yahoo.com - October 2 at 8:15 PM
americanbankingnews.com logoOkta, Inc.'s Lock-Up Period Set To Expire on October 4th (NASDAQ:OKTA)
www.americanbankingnews.com - October 1 at 12:22 PM
thestreet.com logoThis Year's Successful Tech IPOs Have Often Been Diamonds in the Rough
www.thestreet.com - September 29 at 5:35 PM
finance.yahoo.com logo2 Ways Okta Inc Is Powering Future Growth
finance.yahoo.com - September 23 at 9:05 AM
finance.yahoo.com logoRoku IPO set to close out slow third quarter next week
finance.yahoo.com - September 23 at 9:05 AM
bizjournals.com logoWinners of First Annual Full Circle "Insights Awards" Announced
www.bizjournals.com - September 20 at 7:17 AM
americanbankingnews.com logoOkta, Inc. (OKTA) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - September 18 at 2:44 AM
americanbankingnews.com logoFinancial Analysis: Tyler Technologies (TYL) & Okta (OKTA)
www.americanbankingnews.com - September 14 at 8:08 AM
finance.yahoo.com logoEarnings Review and Free Research Report: VMware’s Revenue Jumped 12.2%; EPS Surged 30%
finance.yahoo.com - September 13 at 7:26 AM
finance.yahoo.com logoStocks Flashing Renewed Technical Strength: Okta
finance.yahoo.com - September 12 at 8:11 AM
seekingalpha.com logoOkta: Blowout Quarter; Stock Rally Leaves It Ready For Profit Taking
seekingalpha.com - September 9 at 7:00 AM
nasdaq.com logoNotable Friday Option Activity: OKTA, RH, INCY
www.nasdaq.com - September 9 at 7:00 AM
americanbankingnews.com logoOkta, Inc. (OKTA) Price Target Increased to $28.00 by Analysts at Canaccord Genuity
www.americanbankingnews.com - September 8 at 4:26 PM
americanbankingnews.com logoOkta, Inc. (OKTA) Releases Earnings Results, Misses Estimates By $0.03 EPS
www.americanbankingnews.com - September 8 at 9:29 AM
americanbankingnews.com logoOkta, Inc. (OKTA) Given Buy Rating at KeyCorp
www.americanbankingnews.com - September 8 at 8:20 AM
finance.yahoo.com logoOkta Announces Record Second Quarter Fiscal 2018 Financial Results
finance.yahoo.com - September 8 at 6:46 AM
finance.yahoo.com logoOkta Jumps 5%: Raises Year Outlook; CEO Says Story's Starting to 'Resonate'
finance.yahoo.com - September 8 at 6:46 AM
finance.yahoo.com logoOkta shares rise on better-than-expected results, outlook
finance.yahoo.com - September 8 at 6:46 AM
finance.yahoo.com logoOkta reports 2Q loss
finance.yahoo.com - September 8 at 6:46 AM
americanbankingnews.com logoOkta, Inc. (OKTA) Releases FY18 Earnings Guidance
www.americanbankingnews.com - September 7 at 5:42 PM
americanbankingnews.com logoOkta, Inc. (OKTA) Issues Q3 Earnings Guidance
www.americanbankingnews.com - September 7 at 5:22 PM
seekingalpha.com logoOkta: Do Shares Have The Potential To Trade Higher?
seekingalpha.com - September 7 at 7:12 AM
americanbankingnews.com logoBrokers Issue Forecasts for Okta, Inc.'s FY2018 Earnings (OKTA)
www.americanbankingnews.com - September 1 at 11:52 AM
americanbankingnews.com logoOkta, Inc. Forecasted to Post Q1 2019 Earnings of ($0.22) Per Share (OKTA)
www.americanbankingnews.com - August 31 at 1:20 PM
finance.yahoo.com logoOkta Introduces Okta for Good Fund
finance.yahoo.com - August 31 at 8:14 AM
finance.yahoo.com logoOkta Integrates with Palo Alto Networks Next-Generation Security Platform to Automate End-User Security from the Okta Identity Cloud to the Enterprise and Back
finance.yahoo.com - August 31 at 8:14 AM
americanbankingnews.com logoCanaccord Genuity Reiterates Hold Rating for Okta Inc (OKTA)
www.americanbankingnews.com - August 30 at 9:24 PM
finance.yahoo.com logoOkta Launches APIs and New Developer Edition to Power Identity for Every App
finance.yahoo.com - August 30 at 7:37 AM
finance.yahoo.com logoOkta Universal Directory Enhancements Enable Every Organization to Migrate From On-Premises Infrastructure
finance.yahoo.com - August 30 at 7:37 AM

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Chart

Okta (OKTA) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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