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S&P 500   4,288.05
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Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Facing increasing pressure from customers, some miners are switching to renewable energy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Facing increasing pressure from customers, some miners are switching to renewable energy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Facing increasing pressure from customers, some miners are switching to renewable energy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
NASDAQ:OKTA

Okta (OKTA) Stock Forecast, Price & News

$81.51
+0.05 (+0.06%)
(As of 09/29/2023 ET)
Compare
Today's Range
$80.91
▼
$83.89
50-Day Range
$69.95
▼
$90.08
52-Week Range
$44.12
▼
$91.50
Volume
2.28 million shs
Average Volume
2.34 million shs
Market Capitalization
$13.37 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$89.32
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Okta MarketRank™ Forecast

Analyst Rating
Hold
2.49 Rating Score
Upside/​Downside
9.6% Upside
$89.32 Price Target
Short Interest
Healthy
2.97% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.65mentions of Okta in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.45 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.85) to ($2.60) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Computer And Technology Sector

345th out of 608 stocks

Prepackaged Software Industry

102nd out of 207 stocks

See Top Rated MarketRank™ Stocks Here

OKTA stock logo

About Okta (NASDAQ:OKTA) Stock

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 Price History

OKTA Stock News Headlines

September 13, 2023 | marketbeat.com
3 Hot Software Stocks Breaking Out to New Highs (OKTA)
In a year where the S&P North America Technology Software Index is up more than 40% year-to-date, these three software stocks are climbing to new highs.
September 5, 2023 | marketbeat.com
Is CrowdStrike's Surge A Sign Of Cybersecurity Revival? (OKTA)
As CrowdStrike approaches its best levels since November and other cybersecurity stocks rally, is a broader industry rebound on the horizon?
October 1, 2023 | Legacy Research (Ad)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
September 30, 2023 | insidermonkey.com
5 Best Cybersecurity Stocks Hedge Funds Are Buying
September 29, 2023 | msn.com
Jim Cramer's week ahead: Focus on September's jobs report
September 29, 2023 | realmoney.thestreet.com
Okta: Does a New Technical Strategy Make Sense?
September 29, 2023 | seekingalpha.com
Okta: We See Profitable Growth Toward FY2025
September 28, 2023 | markets.businessinsider.com
Okta’s Growth Prospects: An Analysis of Demand Environment, IGA/PAM Impact, and FY25 Expectations
October 1, 2023 | Legacy Research (Ad)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
September 28, 2023 | benzinga.com
Check Out What Whales Are Doing With OKTA
September 27, 2023 | finance.yahoo.com
Cybersecurity Leader Okta Forges New Buy Point Amid Path To Profitability
September 27, 2023 | americanbankingnews.com
Okta, Inc. (NASDAQ:OKTA) Given Consensus Recommendation of "Hold" by Brokerages
September 25, 2023 | yahoo.com
Can the Willamette Valley Combine the Best of Napa and Burgundy to Become the Ultimate Wine Country Destination?
September 20, 2023 | finance.yahoo.com
Okta, Inc.'s (NASDAQ:OKTA) institutional investors lost 6.3% over the past week but have profited from longer-term gains
September 19, 2023 | msn.com
3 Oregon restaurants make New York Times’ top 50 in U.S. list
September 19, 2023 | msn.com
1 Growth Stock Down 71% You'll Regret Not Buying on the Dip
September 18, 2023 | msn.com
Top business software development platform Retool breached, blames Google Authenticator
September 16, 2023 | msn.com
Okta (NASDAQ:OKTA): A Top Cybersecurity Stock for the Digital Age
September 15, 2023 | msn.com
Okta CEO on MGM breach: Companies are under 'massive attack from cybercriminals'
September 15, 2023 | msn.com
The Okta system was not breached in the recent casino cyberattacks, says CEO Todd McKinnon
September 14, 2023 | finance.yahoo.com
Okta, Inc.: We Identify Okta as a Leader in the Identity Space
September 14, 2023 | benzinga.com
What's Going On With Okta Stock Today?
September 14, 2023 | finance.yahoo.com
Unveiling Okta (OKTA)'s Value: Is It Really Priced Right? A Comprehensive Guide
September 14, 2023 | msn.com
Okta: Turnaround Remains On Track
September 13, 2023 | seekingalpha.com
Okta: Surge In Profitability
September 11, 2023 | finance.yahoo.com
Okta Stock Rebounds With Sales Changes After Vexing Acquisition
September 7, 2023 | benzinga.com
Okta Unusual Options Activity
See More Headlines
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OKTA Company Calendar

Last Earnings
8/30/2023
Today
10/01/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:OKTA
CUSIP
N/A
CIK
1660134
Web
www.okta.com
Phone
(888) 722-7871
Fax
N/A
Employees
6,013
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$89.32
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Hold
Rating Score (0-4)
2.49
Research Coverage
35 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($3.69)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-815,000,000.00
Net Margins
-28.66%
Pretax Margin
-27.75%
Return on Equity
-9.40%
Return on Assets
-5.75%

Debt

Debt-to-Equity Ratio
0.26
Current Ratio
1.84
Quick Ratio
1.84

Sales & Book Value

Annual Sales
$1.86 billion
Price / Sales
7.20
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$34.38 per share
Price / Book
2.37

Miscellaneous

Outstanding Shares
164,050,000
Free Float
151,978,000
Market Cap
$13.37 billion
Optionable
Optionable
Beta
0.99

Social Links

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Key Executives

  • Mr. Todd McKinnonMr. Todd McKinnon (Age 51)
    Co-Founder, Chairman & CEO
    Comp: $412.19k
  • Mr. Brett TigheMr. Brett Tighe (Age 42)
    Chief Financial Officer
    Comp: $640.84k
  • Mr. Jacques Frederic KerrestMr. Jacques Frederic Kerrest (Age 45)
    Co-Founder, Exec. Vice Chairperson & COO (Leave of Absence)
  • Mr. Sagnik Nandy
    Pres & Chief Devel. Officer of Workforce Identity
  • Mr. Eugenio Pace
    Co-founder & Pres of Bus. Operations
  • Ms. Alvina Y. Antar (Age 48)
    Sr. VP & Chief Information Officer
  • Dave Gennarelli
    VP of Investor Relations
  • Ms. Larissa SchwartzMs. Larissa Schwartz (Age 51)
    Chief Legal Officer & Corp. Sec.
  • Mr. Monty Gray
    Exec. VP of Corp. Devel.
  • Mr. Vijay Rao
    Chief People & Places Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

35 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 3 sell ratings, 12 hold ratings and 20 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 forecast for 2023?

35 equities research analysts have issued 12-month target prices for Okta's stock. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they anticipate the company's stock price to reach $89.32 in the next twelve months. This suggests a possible upside of 9.6% 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 at the beginning of the year. Since then, OKTA shares have increased by 19.3% and is now trading at $81.51.
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, November 29th 2023.
View our OKTA earnings forecast.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) released its earnings results on Wednesday, August, 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $556 million for the quarter, compared to analyst estimates of $534.67 million. Okta had a negative net margin of 28.66% and a negative trailing twelve-month return on equity of 9.40%. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned ($1.19) earnings per share.

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 updated its third quarter 2024 earnings guidance on Wednesday, August, 30th. The company provided earnings per share (EPS) guidance of $0.29-$0.30 for the period, compared to the consensus estimate of $0.20. The company issued revenue guidance of $558.00 million-$560.00 million, compared to the consensus revenue estimate of $552.37 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 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.

What is Okta's stock symbol?

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

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.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $81.51.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $13.37 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($3.69) on an earnings per share basis.

How many employees does Okta have?

The company employs 6,013 workers across the globe.

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
How can I contact Okta?

Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The official website for the company is www.okta.com. The company can be reached via phone at (888) 722-7871 or via email at investor@okta.com.

This page (NASDAQ:OKTA) was last updated on 10/1/2023 by MarketBeat.com Staff

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