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NASDAQ:OKTA

Okta (OKTA) Stock Forecast, Price & News

$80.68
-0.45 (-0.55%)
(As of 09/22/2023 ET)
Compare
Today's Range
$80.55
$82.62
50-Day Range
$69.76
$90.08
52-Week Range
$44.12
$91.50
Volume
1.19 million shs
Average Volume
2.52 million shs
Market Capitalization
$13.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$89.32

Okta MarketRank™ Forecast

Analyst Rating
Hold
2.49 Rating Score
Upside/​Downside
10.7% Upside
$89.32 Price Target
Short Interest
Healthy
3.29% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
-0.09mentions of Okta in the last 14 days
Based on 15 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.

2.44 out of 5 stars

Computer And Technology Sector

230th out of 585 stocks

Prepackaged Software Industry

59th out of 199 stocks


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

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.
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?
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
6 Cybersecurity Stocks: Which is the Best to Buy? (OKTA)
These six cybersecurity stocks outperform their expectations and are set up to move higher on analysts' sentiment and growth.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
What's Going On With Okta Stock Today?
Okta: Turnaround Remains On Track
Okta: Surge In Profitability
Okta Unusual Options Activity
The Latest Analyst Ratings for Okta
AI macro drivers could be 'under hyped,' Okta CEO explains
See More Headlines
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OKTA Company Calendar

Last Earnings
8/30/2023
Today
9/22/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:OKTA
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
+10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.49
Research Coverage
35 Analysts

Profitability

Net Income
$-815,000,000.00
Pretax Margin
-27.75%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Book Value
$34.38 per share

Miscellaneous

Free Float
151,978,000
Market Cap
$13.32 billion
Optionable
Optionable
Beta
0.99

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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. Jonathan T. RunyanMr. Jonathan T. Runyan (Age 46)
    Advisor
    Comp: $632.18k
  • 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.













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 analysts have issued 12 month price targets for Okta's shares. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they anticipate the company's share price to reach $89.32 in the next year. This suggests a possible upside of 10.7% 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 2023. Since then, OKTA shares have increased by 18.1% and is now trading at $80.68.
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) announced its earnings results on Wednesday, August, 30th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The firm had revenue of $556 million for the quarter, compared to the consensus estimate of $534.67 million. Okta had a negative trailing twelve-month return on equity of 9.40% and a negative net margin of 28.66%. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.19) EPS.

What guidance has Okta issued on next quarter's earnings?

Okta issued an update on its third quarter 2024 earnings guidance on Wednesday, August, 30th. The company provided 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."

Who are Okta's major shareholders?

Okta's stock is owned by a variety of retail and institutional investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Sands Capital Management LLC (3.53%), Champlain Investment Partners LLC (2.56%), Geode Capital Management LLC (1.36%), Whale Rock Capital Management LLC (0.88%) and ArrowMark Colorado Holdings LLC (0.80%). 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 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 $80.68.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $13.24 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 9/22/2023 by MarketBeat.com Staff

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