S&P 500   5,137.08
DOW   39,087.38
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Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
What to watch for as China's major political meeting of the year gets underway

Okta (OKTA) Stock Price, News & Analysis

$108.49
+1.19 (+1.11%)
(As of 03/1/2024 ET)
Today's Range
$106.33
$110.40
50-Day Range
$81.18
$108.49
52-Week Range
$65.04
$112.08
Volume
5.65 million shs
Average Volume
2.95 million shs
Market Capitalization
$17.94 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$99.10

Okta MarketRank™ Stock Analysis

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
8.7% Downside
$99.10 Price Target
Short Interest
Healthy
2.01% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.63mentions of Okta in the last 14 days
Based on 90 Articles This Week
Insider Trading
Selling Shares
$1.86 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.94) to ($1.64) 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.

4.04 out of 5 stars

Computer And Technology Sector

168th out of 597 stocks

Prepackaged Software Industry

48th out of 206 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Mizuho Raises Okta (NASDAQ:OKTA) Price Target to $105.00
Okta (NASDAQ:OKTA) Rating Reiterated by Truist Financial
Okta (NASDAQ:OKTA) Price Target Raised to $108.00
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
OKTA Mar 2024 83.000 call
Bank of America Upgrades Okta (NASDAQ:OKTA) to Buy
OKTA Mar 2024 93.000 call
OKTA Mar 2024 56.000 put
If You're Trading Okta, Exercise Some Patience
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/03/2024
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
6,013
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$99.10
High Stock Price Target
$140.00
Low Stock Price Target
$70.00
Potential Upside/Downside
-8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
31 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$2.26 billion
Book Value
$33.89 per share

Miscellaneous

Free Float
153,176,000
Market Cap
$17.94 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?

31 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 11 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?

31 Wall Street research analysts have issued 12 month price targets for Okta's shares. Their OKTA share price targets range from $70.00 to $140.00. On average, they predict the company's share price to reach $99.10 in the next year. This suggests that the stock has a possible downside of 8.7%.
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 beginning of the year. Since then, OKTA stock has increased by 19.8% and is now trading at $108.49.
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, May 29th 2024.
View our OKTA earnings forecast
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) released its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.35. The company had revenue of $605 million for the quarter, compared to analysts' expectations of $586.25 million. Okta had a negative trailing twelve-month return on equity of 5.76% and a negative net margin of 15.69%.

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 (EPS) 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) 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.

Who are Okta's major shareholders?

Okta's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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 3/3/2024 by MarketBeat.com Staff