NASDAQ:OKTA - Okta Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $83.35 +1.19 (+1.45 %) (As of 03/26/2019 01:13 PM ET)Previous Close$82.16Today's Range$82.37 - $84.6252-Week Range$37.26 - $87.72Volume26,206 shsAverage Volume2.56 million shsMarket Capitalization$9.35 billionP/E Ratio-81.21Dividend YieldN/ABeta1.2 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 Identity Cloud, a platform that offers a suite of products 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 their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops. It also offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California. Receive OKTA 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. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:OKTA Previous Symbol CUSIPN/A CIK1660134 Webwww.okta.com Phone888-722-7871Debt Debt-to-Equity RatioN/A Current Ratio1.26 Quick Ratio1.26Price-To-Earnings Trailing P/E Ratio-81.21 Forward P/E Ratio-60.40 P/E GrowthN/A Sales & Book Value Annual Sales$399.25 million Price / Sales23.43 Cash FlowN/A Price / Cash FlowN/A Book Value$2.25 per share Price / Book37.04Profitability EPS (Most Recent Fiscal Year)($1.03) Net Income$-125,500,000.00 Net Margins-31.43% Return on Equity-44.56% Return on Assets-14.02%Miscellaneous EmployeesN/A Outstanding Shares112,220,000Market Cap$9.35 billion Next Earnings Date6/5/2019 (Estimated) OptionableOptionable Okta (NASDAQ:OKTA) Frequently Asked Questions 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) announced its quarterly earnings results on Thursday, March, 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.27) by $0.03. The firm earned $115.47 million during the quarter, compared to the consensus estimate of $107.94 million. Okta had a negative return on equity of 44.56% and a negative net margin of 31.43%. View Okta's Earnings History. When is Okta's next earnings date? Okta is scheduled to release their next quarterly earnings announcement on Wednesday, June 5th 2019. View Earnings Estimates for Okta. What guidance has Okta issued on next quarter's earnings? Okta updated its FY 2020 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of $-0.53--0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.22. The company issued revenue guidance of $530-535 million, compared to the consensus revenue estimate of $518.35 million.Okta also updated its Q1 2020 guidance to $-0.22--0.21 EPS. What price target have analysts set for OKTA? 20 Wall Street analysts have issued 1 year price objectives for Okta's shares. Their predictions range from $56.00 to $96.00. On average, they expect Okta's share price to reach $80.0588 in the next year. This suggests that the stock has a possible downside of 3.9%. View Analyst Price Targets for Okta. What is the consensus analysts' recommendation for Okta? 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Okta. What are Wall Street 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. " (3/14/2019) 2. Robert W. Baird analysts commented, "We point towards relatively small deals for a ~$500 million ARR company growing 50%+, which require greater S&M expense. But management foresees larger deals in the future, which would inflect margin performance. Overall, Okta remains the clear leader in cloud identity and is successfully executing to the large and growing opportunity." (3/8/2019) 3. Canaccord Genuity analysts commented, "We believe Okta is well positioned to scale to become a multi-billion-dollar revenue firm and if that is true, then it is very likely that the stock will nicely reward long-term investors. Meanwhile, our bet is that the stock is close to a short-term bottom after swooning almost 20% in 30 days, especially as investors realize Okta is likely to post a strong October quarter (FQ3) in early December. BUY." (10/10/2018) Has Okta been receiving favorable news coverage? Media stories about OKTA stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Okta earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. Who are some of Okta's key competitors? Some companies that are related to Okta include Activision Blizzard (ATVI), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Shopify (SHOP), Check Point Software Technologies (CHKP), CA (CA), Splunk (SPLK), Veeva Systems (VEEV), Cadence Design Systems (CDNS), Synopsys (SNPS), Twilio (TWLO), SS&C Technologies (SSNC), ANSYS (ANSS) and Symantec (SYMC). 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), Micron Technology (MU), Shopify (SHOP), Alibaba Group (BABA), Twilio (TWLO), salesforce.com (CRM), Square (SQ), Netflix (NFLX), Paypal (PYPL) and Advanced Micro Devices (AMD). Who are Okta's key executives? Okta's management team includes the folowing people: Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 47)Mr. William E. Losch, Chief Financial Officer (Age 58)Mr. Charles Race, Pres of Worldwide Field Operations (Age 47)Mr. Jacques Frederic Kerrest, Co-Founder, COO & Director (Age 41)Mr. Hector Aguilar, CTO & Exec. VP of Engineering 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 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 variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (8.39%), BlackRock Inc. (3.99%), First Trust Advisors LP (2.32%), Whale Rock Capital Management LLC (1.70%), Lord Abbett & CO. LLC (1.11%) and Two Sigma Advisers LP (0.85%). Company insiders that own Okta stock include Benjamin A Horowitz, Charles Race, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla and William E Losch. View Institutional Ownership Trends for Okta. Which institutional investors are selling Okta stock? OKTA stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Whale Rock Capital Management LLC, Two Sigma Investments LP, Peregrine Capital Management LLC, Essex Investment Management Co. LLC, Millennium Management LLC, Lord Abbett & CO. LLC and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Charles Race, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon and William E Losch. View Insider Buying and Selling for Okta. Which institutional investors are buying Okta stock? OKTA stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, BlackRock Inc., 1832 Asset Management L.P., Victory Capital Management Inc., Bank of Montreal Can, Cavalry Management Group LLC and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Okta. How do I buy shares of Okta? Shares of OKTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 $83.35. How big of a company is Okta? Okta has a market capitalization of $9.35 billion and generates $399.25 million in revenue each year. The company earns $-125,500,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis. What is Okta's official website? The official website for Okta is http://www.okta.com. How can I contact Okta? Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The company can be reached via phone at 888-722-7871 or via email at [email protected] MarketBeat Community Rating for Okta (NASDAQ OKTA)Community Ranking: 3.0 out of 5 ( )Outperform Votes: 270 (Vote Outperform)Underperform Votes: 187 (Vote Underperform)Total Votes: 457MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote "Outperform" if you believe OKTA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 3/26/2019 by MarketBeat.com StaffFeatured Article: Why is the price-sales ratio important?