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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
CEO of America's biggest bank has stern warning (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
CEO of America's biggest bank has stern warning (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
The AI Singularity Clock Is Ticking (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
CEO of America's biggest bank has stern warning (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
CEO of America's biggest bank has stern warning (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
The AI Singularity Clock Is Ticking (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
CEO of America's biggest bank has stern warning (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
CEO of America's biggest bank has stern warning (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
The AI Singularity Clock Is Ticking (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover

Okta (OKTA) Stock Price, News & Analysis

$83.24
+0.94 (+1.14%)
(As of 02/23/2024 ET)
Today's Range
$82.43
$84.47
50-Day Range
$81.18
$91.72
52-Week Range
$65.04
$92.38
Volume
1.47 million shs
Average Volume
1.62 million shs
Market Capitalization
$13.76 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$88.58

Okta MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
6.4% Upside
$88.58 Price Target
Short Interest
Healthy
2.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.27mentions of Okta in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.86 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.46) to ($1.96) 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.

3.77 out of 5 stars

Computer And Technology Sector

194th out of 585 stocks

Prepackaged Software Industry

57th out of 194 stocks


OKTA stock logo

About Okta Stock (NASDAQ:OKTA)

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta's, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections. It 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

OKTA Mar 2024 120.000 call
Is this AI's biggest breakthrough to date?
In the past year, AI has amazed us all with its achievements. It can predict weather, recommend winning stocks, create original art, write computer code, detect skin cancer – and, shockingly, it can do all these things better than most humans. But when you see its latest leap (revealed in on-location footage), you may want to pinch yourself! 
OKTA Mar 2024 78.000 put
Stifel Nicolaus Keeps Their Buy Rating on Okta (OKTA)
Okta, Inc. (NASDAQ:OKTA) CAO Shibu Ninan Sells 2,500 Shares
OKTA Feb 2024 100.000 put
1Password Review: Is It Worth It?
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
OKTA Mar 2024 130.000 call
Why Are Cybersecurity Stocks PANW, CRWD, FTNT Down Today?
Okta (OKTA) Set to Announce Earnings on Wednesday
OKTA Feb 2024 93.000 call
OKTA Feb 2024 98.000 call
OKTA Feb 2024 77.500 put
OKTA Feb 2024 130.000 put
OKTA Feb 2024 102.000 call
OKTA Feb 2024 40.000 call
OKTA Feb 2024 87.500 put
Okta Stock Secures A Top Spot In Group Of High Performers
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
2/24/2024
Next Earnings (Confirmed)
2/28/2024
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
6,013
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$88.58
High Stock Price Target
$120.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+6.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
31 Analysts

Profitability

Net Income
$-815,000,000.00
Pretax Margin
-20.39%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Book Value
$33.89 per share

Miscellaneous

Free Float
153,176,000
Market Cap
$13.76 billion
Optionable
Optionable
Beta
0.94

Social Links

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OKTA Stock Analysis - Frequently Asked Questions

Should I buy or sell Okta stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 1 sell rating, 20 hold ratings and 10 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 target for 2024?

31 brokerages have issued 1 year price objectives for Okta's stock. Their OKTA share price targets range from $70.00 to $120.00. On average, they predict the company's share price to reach $88.58 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 at the start of the year. Since then, OKTA shares have decreased by 8.1% and is now trading at $83.24.
View the best growth stocks for 2024 here
.

When is Okta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our OKTA earnings forecast
.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Wednesday, February 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) released its quarterly earnings results on Wednesday, November, 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. The business earned $584 million during the quarter, compared to analyst estimates of $560.58 million. Okta had a negative trailing twelve-month return on equity of 7.53% and a negative net margin of 21.40%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.09) EPS.

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

Okta issued an update on its FY 2024 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of 1.470-1.480 for the period, compared to the consensus EPS estimate of 1.480. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 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 (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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.51%), Sands Capital Management LLC (5.05%), Voya Investment Management LLC (2.84%), First Trust Advisors LP (2.47%), Cerity Partners LLC (1.92%) and Eminence Capital LP (1.16%). 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, Michael R Kourey, Robert L Dixon Jr, 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.
Read More
This page (NASDAQ:OKTA) was last updated on 2/25/2024 by MarketBeat.com Staff