NASDAQ:OKTA Okta (OKTA) Stock Forecast, Price & News $81.51 +0.05 (+0.06%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$80.91▼$83.8950-Day Range$69.95▼$90.0852-Week Range$44.12▼$91.50Volume2.28 million shsAverage Volume2.34 million shsMarket Capitalization$13.37 billionP/E RatioN/ADividend YieldN/APrice Target$89.32 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingHold2.49 Rating ScoreUpside/Downside9.6% Upside$89.32 Price TargetShort InterestHealthy2.97% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.65Based on 12 Articles This WeekInsider TradingSelling Shares$1.45 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($2.85) to ($2.60) 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.2.18 out of 5 starsComputer And Technology Sector345th out of 608 stocksPrepackaged Software Industry102nd out of 207 stocks 2.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.49, and is based on 20 buy ratings, 12 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $89.32, Okta has a forecasted upside of 9.6% from its current price of $81.51.Amount of Analyst CoverageOkta has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.97% 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 decreased by 9.81%, 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 2.6 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 12 news articles for Okta this week, compared to 9 articles on an average week.Search InterestOnly 51 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.MarketBeat Follows32 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 129% 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 $1,453,090.00 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 ($2.85) to ($2.60) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -22.09, 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 -22.09, 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 2.37. 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. 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesSeptember 13, 2023 | marketbeat.com3 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.comIs 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 TeslaLove 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.com5 Best Cybersecurity Stocks Hedge Funds Are BuyingSeptember 29, 2023 | msn.comJim Cramer's week ahead: Focus on September's jobs reportSeptember 29, 2023 | realmoney.thestreet.comOkta: Does a New Technical Strategy Make Sense?September 29, 2023 | seekingalpha.comOkta: We See Profitable Growth Toward FY2025September 28, 2023 | markets.businessinsider.comOkta’s Growth Prospects: An Analysis of Demand Environment, IGA/PAM Impact, and FY25 ExpectationsOctober 1, 2023 | Legacy Research (Ad)Elon Did It Again: This Could be Bigger than TeslaLove 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.comCheck Out What Whales Are Doing With OKTASeptember 27, 2023 | finance.yahoo.comCybersecurity Leader Okta Forges New Buy Point Amid Path To ProfitabilitySeptember 27, 2023 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Given Consensus Recommendation of "Hold" by BrokeragesSeptember 25, 2023 | yahoo.comCan the Willamette Valley Combine the Best of Napa and Burgundy to Become the Ultimate Wine Country Destination?September 20, 2023 | finance.yahoo.comOkta, Inc.'s (NASDAQ:OKTA) institutional investors lost 6.3% over the past week but have profited from longer-term gainsSeptember 19, 2023 | msn.com3 Oregon restaurants make New York Times’ top 50 in U.S. listSeptember 19, 2023 | msn.com1 Growth Stock Down 71% You'll Regret Not Buying on the DipSeptember 18, 2023 | msn.comTop business software development platform Retool breached, blames Google AuthenticatorSeptember 16, 2023 | msn.comOkta (NASDAQ:OKTA): A Top Cybersecurity Stock for the Digital AgeSeptember 15, 2023 | msn.comOkta CEO on MGM breach: Companies are under 'massive attack from cybercriminals'September 15, 2023 | msn.comThe Okta system was not breached in the recent casino cyberattacks, says CEO Todd McKinnonSeptember 14, 2023 | finance.yahoo.comOkta, Inc.: We Identify Okta as a Leader in the Identity SpaceSeptember 14, 2023 | benzinga.comWhat's Going On With Okta Stock Today?September 14, 2023 | finance.yahoo.comUnveiling Okta (OKTA)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 14, 2023 | msn.comOkta: Turnaround Remains On TrackSeptember 13, 2023 | seekingalpha.comOkta: Surge In ProfitabilitySeptember 11, 2023 | finance.yahoo.comOkta Stock Rebounds With Sales Changes After Vexing AcquisitionSeptember 7, 2023 | benzinga.comOkta Unusual Options ActivitySee 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 OKTA Company Calendar Last Earnings8/30/2023Today10/01/2023Next Earnings (Estimated)11/29/2023Fiscal 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$89.32 High Stock Price Forecast$120.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+9.6%Consensus RatingHold Rating Score (0-4)2.49 Research Coverage35 Analysts Profitability EPS (Most Recent Fiscal Year)($3.69) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio0.26 Current Ratio1.84 Quick Ratio1.84 Sales & Book Value Annual Sales$1.86 billion Price / Sales7.20 Cash FlowN/A Price / Cash FlowN/A Book Value$34.38 per share Price / Book2.37Miscellaneous Outstanding Shares164,050,000Free Float151,978,000Market Cap$13.37 billion OptionableOptionable Beta0.99 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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, Exec. Vice Chairperson & COO (Leave of Absence) Mr. Sagnik NandyPres & Chief Devel. Officer of Workforce IdentityMr. Eugenio PaceCo-founder & Pres of Bus. OperationsMs. Alvina Y. Antar (Age 48)Sr. VP & Chief Information Officer Dave GennarelliVP of Investor RelationsMs. Larissa Schwartz (Age 51)Chief Legal Officer & Corp. Sec. Mr. Monty GrayExec. VP of Corp. Devel.Mr. Vijay RaoChief People & Places OfficerMore ExecutivesKey CompetitorsSS&C TechnologiesNASDAQ:SSNCDynatraceNYSE:DTBentley SystemsNASDAQ:BSYManhattan AssociatesNASDAQ:MANHUnity SoftwareNYSE:UView All CompetitorsInsiders & InstitutionsBrett TigheSold 4,846 sharesTotal: $402,266.46 ($83.01/share)Todd MckinnonSold 7,471 sharesTotal: $620,167.71 ($83.01/share)Larissa SchwartzSold 1,906 sharesTotal: $158,217.06 ($83.01/share)Shibu NinanSold 3,282 sharesTotal: $272,438.82 ($83.01/share)Prosperity Wealth Management Inc.Bought 2,100 shares on 9/12/2023Ownership: 0.000%View All Insider TransactionsView 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 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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