Most-Upgraded StocksMost-UpgradedNASDAQ:OKTA Okta (OKTA) Stock Forecast, Price & News $90.90 +0.79 (+0.88%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$88.85▼$91.5050-Day Range$68.53▼$90.9052-Week Range$44.12▼$111.35Volume5.39 million shsAverage Volume2.41 million shsMarket Capitalization$14.66 billionP/E RatioN/ADividend YieldN/APrice Target$86.97 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingModerate Buy2.51 Rating ScoreUpside/Downside4.3% Downside$86.97 Price TargetShort InterestHealthy3.13% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.65Based on 28 Articles This WeekInsider TradingSelling Shares$533,244 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($3.05) to ($2.98) 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.2.04 out of 5 starsComputer And Technology Sector416th out of 621 stocksPrepackaged Software Industry134th out of 219 stocks 2.3 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Buy. The company's average rating score is 2.51, and is based on 24 buy ratings, 11 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $86.97, Okta has a forecasted downside of 4.3% from its current price of $90.90.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 Shorted3.13% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 15.83%, 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 28 news articles for Okta this week, compared to 12 articles on an average week.Search Interest61 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.MarketBeat Follows15 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 15% 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 $533,244.00 in company stock.Percentage Held by InsidersOnly 7.36% of the stock of Okta is held by insiders.Percentage Held by Institutions73.02% 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 ($3.05) to ($2.98) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -17.58, 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 -17.58, 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 2.68. 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 (NASDAQ:OKTA) StockOkta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.Read More 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 OKTA Stock News HeadlinesMay 31, 2023 | uk.news.yahoo.comOkta (OKTA) Beats Q1 Earnings and Revenue EstimatesMay 31, 2023 | marketwatch.comOkta Expects Swing to Adjusted Profit in 2QJune 1, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 31, 2023 | theglobeandmail.comOkta (NASDAQ:OKTA) Surprises With Q1 Sales But Stock Drops 12.4%May 31, 2023 | msn.comOKTA Tanks despite Winning Earnings, Solid GuidanceMay 31, 2023 | msn.comWhat's Going On With Okta Shares After Hours?May 31, 2023 | barrons.comOkta Results Easily Beat Estimates Despite Concerns About Macro EnvironmentMay 31, 2023 | barrons.comOkta Results Easily Beat Estimates. Macro Concerns Send Stock Lower.June 1, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 31, 2023 | msn.comOkta stock plunges, CEO sees tough times ahead even as earnings forecast moves higherMay 31, 2023 | realmoney.thestreet.comHere's How Okta Lines Up With Earnings on TapMay 30, 2023 | msn.comNeedham Reiterates Okta Inc - (OKTA) Buy RecommendationMay 30, 2023 | msn.comOkta Q1 2024 Earnings PreviewMay 30, 2023 | msn.comEarnings Preview For OktaMay 30, 2023 | markets.businessinsider.comOkta earnings preview: what Wall Street is expectingMay 30, 2023 | msn.comWhat 22 Analyst Ratings Have To Say About OktaMay 30, 2023 | finance.yahoo.comOkta Stock Earns IBD Composite Rating Upgrade Ahead Of EarningsMay 30, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) PT Raised to $110.00 at Royal Bank of CanadaMay 30, 2023 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Receives $86.71 Consensus Price Target from AnalystsMay 30, 2023 | americanbankingnews.comOkta (OKTA) Set to Announce Earnings on WednesdayMay 29, 2023 | proactiveinvestors.comOkta expected to report 1Q profit beat: earnings previewMay 26, 2023 | technews.tmcnet.comOKTA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Okta, Inc. - OKTAMay 26, 2023 | benzinga.comLooking At Okta's Recent Unusual Options ActivityMay 26, 2023 | finance.yahoo.comAfter Bullish Report In March, Salesforce Stock Ramps Higher Ahead Of Results; 3 Security Software Stocks To WatchMay 24, 2023 | finance.yahoo.comCybersecurity Leader Okta Eyes Breakout Ahead Of Big Earnings ReportMay 24, 2023 | finance.yahoo.comAre Okta, Inc. (NASDAQ:OKTA) Investors Paying Above The Intrinsic Value?May 19, 2023 | uk.investing.comBank of America remains bearish on Okta, sees 20% downside riskSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 OKTA Company Calendar Last Earnings12/01/2021Today5/31/2023Next Earnings (Confirmed)5/31/2023Fiscal Year End1/31/2024Get 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 Forecast$86.97 High Stock Price Forecast$120.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside-4.6%Consensus RatingModerate Buy Rating Score (0-4)2.51 Research Coverage39 Analysts Profitability EPS (Most Recent Fiscal Year)($5.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-815,000,000.00 Net Margins-43.87% Pretax Margin-43.11% Return on Equity-12.53% Return on Assets-7.48% Debt Debt-to-Equity Ratio0.40 Current Ratio2.20 Quick Ratio2.20 Sales & Book Value Annual Sales$1.86 billion Price / Sales7.89 Cash FlowN/A Price / Cash FlowN/A Book Value$33.89 per share Price / Book2.68Miscellaneous Outstanding Shares161,290,000Free Float149,417,000Market Cap$14.66 billion OptionableOptionable Beta1.15 Social Links Key ExecutivesTodd McKinnonChairman & Chief Executive OfficerSagnik NandyPresident & Chief Development Officer-WorkforceJ. Frederic KerrestExecutive Vice Chairman & Chief Operating OfficerBrett TigheChief Financial OfficerAlvina Y. AntarChief Information Officer & Senior Vice PresidentKey CompetitorsDynatraceNYSE:DTCheck Point Software TechnologiesNASDAQ:CHKPSS&C TechnologiesNASDAQ:SSNCBentley SystemsNASDAQ:BSYPTCNASDAQ:PTCView All CompetitorsInsiders & InstitutionsSeaport Global Advisors LLCBought 1,318 shares on 5/23/2023Ownership: 0.003%Toroso Investments LLCBought 2,336 shares on 5/23/2023Ownership: 0.001%American TrustBought 3,581 shares on 5/22/2023Ownership: 0.002%B. Riley Wealth Advisors Inc.Sold 218 shares on 5/17/2023Ownership: 0.002%AM Squared LtdBought 400 shares on 5/17/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions OKTA Stock - Frequently Asked Questions Should I buy or sell Okta stock right now? 39 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 4 sell ratings, 11 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OKTA shares. View OKTA analyst ratings or view top-rated stocks. What is Okta's stock price forecast for 2023? 39 brokerages have issued 12-month price objectives 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 $86.97 in the next year. This suggests that the stock has a possible downside of 4.3%. 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 33.0% and is now trading at $90.90. 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, May 31st 2023. View our OKTA earnings forecast. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, December, 1st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.17. The company had revenue of $350.68 million for the quarter, compared to analysts' expectations of $327.33 million. Okta had a negative trailing twelve-month return on equity of 12.53% and a negative net margin of 43.87%. During the same quarter in the prior year, the firm earned ($0.38) 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), TrueShares Technology, AI & Deep Learning ETF (LRNZ), iShares Cybersecurity and Tech ETF (IHAK), ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), First Trust Lunt U.S. Factor Rotation ETF (FCTR), Sterling Capital Focus Equity ETF (LCG) and First Trust Nasdaq Cybersecurity ETF (CIBR). What guidance has Okta issued on next quarter's earnings? Okta issued an update on its FY24 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $0.88-0.93 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of $2.171-2.185 billion, compared to the consensus revenue estimate of $2.17 billion. 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 $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." Who are Okta's major shareholders? Okta's stock is owned by many different institutional and retail investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Sands Capital Management LLC (2.56%), First Trust Advisors LP (1.40%), Champlain Investment Partners LLC (1.29%), Geode Capital Management LLC (0.95%) and Bessemer Group Inc. (0.51%). 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, William E Losch 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. What is Okta's stock price today? One share of OKTA stock can currently be purchased for approximately $90.90. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $14.66 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($5.17) 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 6/1/2023 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. 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