NASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $93.48 +0.37 (+0.40%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$91.89▼$95.1850-Day Range$86.52▼$102.6352-Week Range$65.04▼$114.50Volume1.32 million shsAverage Volume1.84 million shsMarket Capitalization$15.73 billionP/E RatioN/ADividend YieldN/APrice Target$105.58 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.39 Rating ScoreUpside/Downside12.9% Upside$105.58 Price TargetShort InterestHealthy3.19% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.78Based on 22 Articles This WeekInsider TradingSelling Shares$34.15 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.28) to ($0.10) 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.4.10 out of 5 starsComputer And Technology Sector173rd out of 612 stocksPrepackaged Software Industry54th out of 202 stocks 3.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 12 buy ratings, 19 hold ratings, and no sell ratings.Amount of Analyst CoverageOkta has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Okta's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.19% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 8.70%, 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 2.7 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.78. 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 22 news articles for Okta this week, compared to 14 articles on an average week.Search InterestOnly 76 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -48% 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 $34,154,578.00 in company stock.Percentage Held by InsidersOnly 7.00% of the stock of Okta is held by insiders.Percentage Held by Institutions86.64% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Okta's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($0.28) to ($0.10) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -55.98, 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 -55.98, 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 2.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Okta's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad The Oxford ClubDon't Pay a Dime for Marc Lichtenfeld's Top AI PicksUsually, you'd have to plunk down a hefty sum to get your hands on Marc Lichtenfeld's latest income research... But today, the author of Get Rich with Dividends is feeling extra generous...Click here now to claim your FREE copy of Marc's AI playbook. 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 HeadlinesJuly 24 at 5:51 AM | insidertrades.comOkta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon Sells 92,729 Shares of StockJuly 20, 2024 | insidertrades.comLarissa Schwartz Sells 2,792 Shares of Okta, Inc. (NASDAQ:OKTA) StockJuly 27, 2024 | Colonial Metals (Ad)Collapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.July 11, 2024 | insidertrades.comJacques Frederic Kerrest Sells 34,620 Shares of Okta, Inc. (NASDAQ:OKTA) StockJuly 6, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Director Jacques Frederic Kerrest Sells 3,280 SharesJuly 4, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Director Jacques Frederic Kerrest Sells 2,100 SharesJuly 25 at 11:49 PM | msn.comOkta (OKTA) Gains As Market Dips: What You Should KnowJuly 25 at 10:00 PM | bizjournals.comHow Okta is helping to close the cybersecurity labor gapJuly 27, 2024 | Colonial Metals (Ad)Collapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.July 25 at 6:49 PM | msn.comOkta, Inc. (OKTA): Best Stock to Buy According to Eminence Capital's Ricky Sandler?July 25 at 4:26 AM | americanbankingnews.comTodd Mckinnon Sells 179,687 Shares of Okta, Inc. (NASDAQ:OKTA) StockJuly 23, 2024 | msn.comWhy the Betashares Global Cybersecurity ETF (HACK) is still a top ASX buyJuly 23, 2024 | techcrunch.comNoded AI wants to make your notes the center of your work worldJuly 23, 2024 | ca.finance.yahoo.comOKTA Dec 2024 145.000 putJuly 23, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Receives Average Rating of "Hold" from BrokeragesJuly 20, 2024 | americanbankingnews.comJacques Frederic Kerrest Sells 26,618 Shares of Okta, Inc. (NASDAQ:OKTA) StockJuly 19, 2024 | bizjournals.comData governance, security are hot topics at Momentum AI summitJuly 19, 2024 | finance.yahoo.comOkta Announces SaaS Startup Competition to Build New Identity Security ApplicationsSee 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 Earnings5/29/2024Today7/26/2024Next Earnings (Estimated)9/04/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$105.58 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside+12.9%Consensus RatingHold Rating Score (0-4)2.39 Research Coverage31 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-11.69% Pretax Margin-10.33% Return on Equity-3.81% Return on Assets-2.50% Debt Debt-to-Equity Ratio0.19 Current Ratio1.73 Quick Ratio1.73 Sales & Book Value Annual Sales$2.26 billion Price / Sales6.95 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.66Miscellaneous Outstanding Shares168,230,000Free Float156,450,000Market Cap$15.73 billion OptionableOptionable Beta1.03 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 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 CompetitorsCitrix SystemsNASDAQ:CTXSCoupa SoftwareNASDAQ:COUPANSYSNASDAQ:ANSSDatadogNASDAQ:DDOGVMwareNYSE:VMWView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCSold 22,097 shares on 7/26/2024Ownership: 0.132%Cambridge Investment Research Advisors Inc.Bought 1,721 shares on 7/26/2024Ownership: 0.010%Bristlecone Advisors LLCSold 222 shares on 7/26/2024Ownership: 0.003%Atomi Financial Group Inc.Bought 2,200 shares on 7/26/2024Ownership: 0.001%First Command Advisory Services Inc.Bought 500 shares on 7/26/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions How have OKTA shares performed this year? Okta's stock was trading at $90.53 at the start of the year. Since then, OKTA shares have increased by 3.3% and is now trading at $93.48. View the best growth stocks for 2024 here. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, May, 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.27. The company earned $617 million during the quarter, compared to the consensus estimate of $604.33 million. Okta had a negative net margin of 11.69% and a negative trailing twelve-month return on equity of 3.81%. 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. Does Okta have any subsidiaries? Okta subsidiaries include Azuqua, Workflow Automation, ScaleFT, Stormpath, SpydrSafe Mobile Security, Azuqua Inc., Okta Australia Pty Limited, and more. When did Okta IPO? Okta (OKTA) raised $154 million in an initial public offering (IPO) 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? Top institutional shareholders of Okta include Sumitomo Mitsui Trust Holdings Inc. (0.20%), Barton Investment Management (0.17%), Railway Pension Investments Ltd (0.13%) and Allspring Global Investments Holdings LLC (0.13%). Insiders that own company stock include Jonathan T Runyan, Ledger Susan St, Brett Tighe, Larissa Schwartz, Christopher K Kramer, Shellye L Archambeau, Shibu Ninan, Robert L Dixon Jr, Jacques Frederic Kerrest 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. What other stocks do shareholders of Okta own? Based on aggregate information from My MarketBeat watchlists, some other companies that Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM) and PayPal (PYPL). 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