Most-Upgraded StocksMost-UpgradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis → Central Bank Gold Heist In Progress (From Colonial Metals) (Ad) Free OKTA Stock Alerts $105.88 -0.22 (-0.21%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$104.78▼$106.8950-Day Range$81.18▼$111.4952-Week Range$65.04▼$114.50Volume1.62 million shsAverage Volume2.34 million shsMarket Capitalization$17.72 billionP/E RatioN/ADividend YieldN/APrice Target$100.39 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.35 Rating ScoreUpside/Downside5.2% Downside$100.39 Price TargetShort InterestHealthy2.23% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.65Based on 11 Articles This WeekInsider TradingSelling Shares$2.31 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.51) to ($1.18) Per ShareSee Full Details Hide Full Details 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.3.58 out of 5 starsComputer And Technology Sector236th out of 602 stocksPrepackaged Software Industry68th out of 205 stocks 2.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 11 buy ratings, 20 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $100.39, Okta has a forecasted downside of 5.2% from its current price of $105.88.Amount of Analyst CoverageOkta has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.23% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 12.35%, indicating that investor sentiment is decreasing 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 3.1 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.65. 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 higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Okta this week, compared to 13 articles on an average week.Search Interest95 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.MarketBeat Follows50 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 233% 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 $2,311,377.00 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 ($1.51) to ($1.18) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -48.79, 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 -48.79, 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 3.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now About Okta Stock (NASDAQ:OKTA)Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company 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 HeadlinesMarch 7, 2024 | marketbeat.comOkta Raises EPS Forecasts Despite High Profile Security BreachesOkta Inc. NASDAQ: OKTA is a cybersecurity company that specializes in identity and access management (IAM) solutions. The computer and technology sector firm helps companies protect against identity-based attacks by providing services aimed at securing employee and customer identities.March 7, 2024 | marketbeat.comOkta Raises EPS Forecasts Despite High Profile Security BreachesOKTA stock is moving higher after the company shrugged off analysts' concerns with a blowout earnings report in which the company raised its 2025 guidanceMarch 18, 2024 | Banyan Hill Publishing (Ad)AI Cracks Open Largest Untapped Energy Reserve on EarthThis orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… March 18, 2024 | finance.yahoo.comOKTA Apr 2024 90.000 putMarch 16, 2024 | finance.yahoo.comOKTA Mar 2024 120.000 putMarch 16, 2024 | finance.yahoo.comOKTA Mar 2024 107.000 putMarch 15, 2024 | ca.finance.yahoo.comOKTA Mar 2024 124.000 callMarch 15, 2024 | finance.yahoo.comOkta CEO explains what companies need most to repel cyberattacksMarch 18, 2024 | Porter & Company (Ad)My next big prediction isn’t a predictionI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.March 12, 2024 | investorplace.com7 Cybersecurity Stocks That Meta Should Consider BuyingMarch 11, 2024 | investorplace.comChasing the Momentum Dream: 3 Stocks Leaving the Market in the DustMarch 10, 2024 | ca.finance.yahoo.comOKTA Mar 2024 121.000 callMarch 9, 2024 | finance.yahoo.comOKTA Mar 2024 145.000 callMarch 8, 2024 | fool.comWhy Did Okta Shares Jump 30% Higher in February?March 7, 2024 | finance.yahoo.comOKTA Aug 2024 155.000 callMarch 7, 2024 | finance.yahoo.comOKTA Dec 2024 100.000 putMarch 7, 2024 | finance.yahoo.comOKTA Apr 2024 102.000 callMarch 7, 2024 | fool.com4 Takeaways From Okta's Fantastic QuarterMarch 7, 2024 | finance.yahoo.comOKTA Mar 2024 128.000 callMarch 7, 2024 | markets.businessinsider.comBuy Rating Affirmed for Okta: Strong Financials and Strategic Acquisitions Signal Growth PotentialMarch 6, 2024 | msn.comApple, Okta and others help human rights groups fight spywareMarch 6, 2024 | seekingalpha.comOkta, Inc. (OKTA) KeyBanc Capital Markets 2024 Emerging Technology Summit (Transcript)March 5, 2024 | seekingalpha.comOkta, Inc. (OKTA) Morgan Stanley Technology, Media & Telecom Conference (Transcript)March 5, 2024 | ca.finance.yahoo.comOKTA Jan 2026 130.000 putMarch 5, 2024 | finance.yahoo.comOkta Announces Availability of Fine Grained Authorization for Enhanced Security and EfficiencyMarch 4, 2024 | finance.yahoo.comOKTA Mar 2024 112.000 callMarch 4, 2024 | finance.yahoo.comOKTA Apr 2024 112.000 callSee 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 Earnings2/28/2024Today3/18/2024Next Earnings (Estimated)5/29/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$100.39 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside-5.2%Consensus RatingHold Rating Score (0-4)2.35 Research Coverage31 Analysts Profitability EPS (Most Recent Fiscal Year)($2.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-15.69% Pretax Margin-14.89% Return on Equity-5.69% Return on Assets-3.67% Debt Debt-to-Equity Ratio0.20 Current Ratio1.67 Quick Ratio1.67 Sales & Book Value Annual Sales$2.26 billion Price / Sales7.83 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book3.01Miscellaneous Outstanding Shares167,400,000Free Float155,077,000Market Cap$17.72 billion OptionableOptionable Beta1.00 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 52)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 43)Chief Financial Officer Comp: $640.84kMr. Jacques Frederic Kerrest (Age 46)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 49)Senior VP & Chief Information Officer Dave GennarelliVice President of Investor RelationsMs. Larissa Schwartz (Age 52)Chief Legal Officer & Corporate Secretary Mr. Eric KelleherPresident of Customer Experience & CommunicationsMr. Monty GrayExecutive Vice President of Corporate DevelopmentMore ExecutivesKey CompetitorsTyler TechnologiesNYSE:TYLCheck Point Software TechnologiesNASDAQ:CHKPManhattan AssociatesNASDAQ:MANHNutanixNASDAQ:NTNXSS&C TechnologiesNASDAQ:SSNCView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 556 shares on 3/15/2024Ownership: 0.002%Shellye L ArchambeauSold 5,000 sharesTotal: $534,800.00 ($106.96/share)Vanguard Group Inc.Bought 438,496 shares on 3/11/2024Ownership: 9.390%Wahed Invest LLCBought 207 shares on 3/11/2024Ownership: 0.002%Fisher Asset Management LLCBought 3,269 shares on 3/5/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions Should I buy or sell Okta stock right now? 31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 20 hold ratings and 11 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? 31 Wall Street analysts have issued 12 month target prices 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 $100.39 in the next year. This suggests that the stock has a possible downside of 5.2%. 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 on January 1st, 2024. Since then, OKTA shares have increased by 17.0% and is now trading at $105.88. 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) posted its earnings results on Wednesday, February, 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.49) by $0.35. The company earned $605 million during the quarter, compared to analysts' expectations of $586.25 million. Okta had a negative trailing twelve-month return on equity of 5.69% and a negative net margin of 15.69%. 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), Amplify Cybersecurity 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 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 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. Who are Okta's major shareholders? Okta's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.51%), Vanguard Group Inc. (9.39%), Sands Capital Management LLC (5.05%), Voya Investment Management LLC (2.84%), First Trust Advisors LP (2.47%) and Cerity Partners LLC (1.92%). 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, Shellye L Archambeau, 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 3/18/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & CompanyForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingStock-Picking AI Predicts #1 Stock of 2024AltimetrySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlace 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. 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