Most-Downgraded StocksMost-Downgraded Okta Stock Price, News & Analysis (NASDAQ:OKTA) $72.00 -1.98 (-2.68%) (As of 12/7/2023 ET) Add Compare Share Share Today's Range$71.32▼$73.9850-Day Range$65.76▼$87.9752-Week Range$60.51▼$91.50Volume3.03 million shsAverage Volume2.59 million shsMarket Capitalization$11.81 billionP/E RatioN/ADividend YieldN/APrice Target$86.86 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.34 Rating ScoreUpside/Downside20.6% Upside$86.86 Price TargetShort InterestHealthy2.71% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.23Based on 43 Articles This WeekInsider TradingSelling Shares$2 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($2.83) to ($2.52) 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.2.43 out of 5 starsComputer And Technology Sector146th out of 591 stocksPrepackaged Software Industry28th out of 170 stocks 3.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.34, and is based on 14 buy ratings, 19 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $86.86, Okta has a forecasted upside of 20.6% from its current price of $72.00.Amount of Analyst CoverageOkta has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.71% 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 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 13.28%, indicating that investor sentiment is improving 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 2.3 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.23. 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 is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 43 news articles for Okta this week, compared to 11 articles on an average week.Search Interest55 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.MarketBeat FollowsOnly 14 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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 $2,001,505.00 in company stock.Percentage Held by InsidersOnly 7.36% of the stock of Okta is held by insiders.Percentage Held by Institutions77.52% 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 ($2.83) to ($2.52) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -25.17, 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 -25.17, 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 2.12. 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 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.Read More OKTA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesDecember 6, 2023 | marketbeat.comThe top five zero trust cybersecurity stocks (OKTA)Cybersecurity stocks are hot, and none are hotter than the zero trust leaders highlighted in this article; all grow at a high double-digit pace with tailwindsDecember 6, 2023 | finance.yahoo.comEarnings Estimates Rising for Okta (OKTA): Will It Gain?December 8, 2023 | Edge On The Street (Ad)Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.December 6, 2023 | finance.yahoo.comHere’s How Okta (OKTA) is Improving its FundamentalsDecember 5, 2023 | markets.businessinsider.comBuy Rating on Okta: Resilience and Growth Potential Amidst ChallengesDecember 5, 2023 | cnn.comHackers access profiles of nearly 7 million 23andMe customersDecember 5, 2023 | americanbankingnews.comDA Davidson Analysts Raise Earnings Estimates for Okta, Inc. (NASDAQ:OKTA)December 4, 2023 | finance.yahoo.comOkta (OKTA) Crossed Above the 20-Day Moving Average: What That Means for InvestorsDecember 8, 2023 | Edge On The Street (Ad)Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.December 4, 2023 | finance.yahoo.comCompared to Estimates, Okta (OKTA) Q3 Earnings: A Look at Key MetricsDecember 4, 2023 | finance.yahoo.comOkta (OKTA) Moves to Buy: Rationale Behind the UpgradeDecember 4, 2023 | forbes.comOkta Charts A Course For The Future Of Identity ManagementDecember 4, 2023 | realmoney.thestreet.comOkta price target lowered to $75 from $90 at CitiDecember 2, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) PT Lowered to $70.00December 2, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) PT Lowered to $80.00 at Morgan StanleyDecember 2, 2023 | gurufocus.comDecoding Okta Inc (OKTA): A Strategic SWOT InsightDecember 2, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Price Target Cut to $70.00December 1, 2023 | msn.comDo You Use Okta? Hackers Probably Have Your Name and Email NowDecember 1, 2023 | businesswire.comEQUITY ALERT: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Okta, Inc. – OKTADecember 1, 2023 | seekingalpha.comOkta: Buy The Dip, This Breach Will Be A Blip In The Long RunDecember 1, 2023 | finance.yahoo.comOkta (OKTA) Shares Skyrocket, What You Need To KnowDecember 1, 2023 | finance.yahoo.comOkta, Inc. (NASDAQ:OKTA) Q3 2024 Earnings Call TranscriptDecember 1, 2023 | seekingalpha.comOkta Earnings: Identity CrisisDecember 1, 2023 | seekingalpha.comOkta Earnings: Unpacking The Outlook For Fiscal 2025, 35x Forward EPS (Downgrade)December 1, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Given "Sector Weight" Rating at KeyCorpDecember 1, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Given "Market Perform" Rating at TD CowenDecember 1, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Given Outperform Rating at OppenheimerSee More Headlines 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 Company Calendar Last Earnings11/29/2023Today12/07/2023Fiscal Year End1/31/2024Next Earnings (Estimated)3/06/2024Get 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 Target$86.86 High Stock Price Target$120.00 Low Stock Price Target$64.00 Potential Upside/Downside+20.6%Consensus RatingHold Rating Score (0-4)2.34 Research Coverage35 Analysts Profitability EPS (Most Recent Fiscal Year)($2.86) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-815,000,000.00 Net Margins-21.40% Pretax Margin-27.75% Return on Equity-7.59% Return on Assets-4.69% Debt Debt-to-Equity Ratio0.26 Current Ratio1.84 Quick Ratio1.84 Sales & Book Value Annual Sales$1.86 billion Price / Sales6.36 Cash FlowN/A Price / Cash FlowN/A Book Value$33.89 per share Price / Book2.12Miscellaneous Outstanding Shares164,050,000Free Float151,978,000Market Cap$11.81 billion OptionableOptionable Beta0.92 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 51)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 42)Chief Financial Officer Comp: $640.84kMr. Jacques Frederic Kerrest (Age 45)Co-Founder & Executive Vice Chairperson Comp: $543.39kMr. Sagnik NandyPresident & Chief Development Officer of Workforce IdentityMr. Eugenio PaceCo-founder & President of Business OperationsMs. Alvina Y. Antar (Age 48)Senior VP & Chief Information Officer Dave GennarelliVice President of Investor RelationsMs. Larissa Schwartz (Age 51)Chief Legal Officer & Corporate Secretary Mr. Monty GrayExecutive Vice President of Corporate DevelopmentMr. Vijay RaoChief People & Places OfficerMore ExecutivesKey CompetitorsUnity SoftwareNYSE:UTwilioNYSE:TWLONICENASDAQ:NICEPaycom SoftwareNYSE:PAYCNutanixNASDAQ:NTNXView All CompetitorsInsiders & InstitutionsLarissa SchwartzSold 1,125 sharesTotal: $80,797.50 ($71.82/share)Tucker Asset Management LLCBought 800 shares on 12/4/2023Ownership: 0.000%B. Riley Wealth Advisors Inc.Sold 749 shares on 12/1/2023Ownership: 0.002%Deutsche Bank AGSold 2,994,146 shares on 11/24/2023Ownership: 0.120%Graham Capital Management L.P.Sold 22,858 shares on 11/22/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions Should I buy or sell Okta stock right now? 35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 2 sell ratings, 19 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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? 35 equities research analysts have issued 1 year target prices for Okta's stock. Their OKTA share price targets range from $64.00 to $120.00. On average, they anticipate the company's share price to reach $86.86 in the next year. This suggests a possible upside of 20.6% 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 on January 1st, 2023. Since then, OKTA shares have increased by 5.4% and is now trading at $72.00. 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, March 6th 2024. View our OKTA earnings forecast. 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 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. The company had revenue of $584 million for the quarter, compared to analysts' expectations of $560.58 million. Okta had a negative trailing twelve-month return on equity of 7.59% and a negative net margin of 21.40%. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.09) EPS. 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), Sterling Capital Focus Equity ETF (LCG), ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), SPDR S&P Internet ETF (XWEB), TrueShares Technology, AI & Deep Learning ETF (LRNZ) and American CenturyFocused Dynamic Growth ETF (FDG). What guidance has Okta issued on next quarter's earnings? Okta issued an update on its fourth quarter earnings guidance on Wednesday, November, 29th. The company provided earnings per share guidance of $0.50-0.51 for the period, compared to the consensus EPS estimate of $0.35. The company issued revenue guidance of $585-587 million, compared to the consensus revenue estimate of $580.36 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 (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 shareholders include Sands Capital Management LLC (3.58%), Eminence Capital LP (0.98%), Legal & General Group Plc (0.70%), Northern Trust Corp (0.58%), Charles Schwab Investment Management Inc. (0.57%) and Jacobs Levy Equity Management Inc. (0.43%). 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 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. 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 12/8/2023 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. 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