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Okta Stock Price, News & Analysis (NASDAQ:OKTA)

$72.50
+0.50 (+0.69%)
(As of 11:09 AM ET)
Compare
Today's Range
$71.58
$73.50
50-Day Range
$65.76
$87.97
52-Week Range
$61.71
$91.50
Volume
807,115 shs
Average Volume
2.58 million shs
Market Capitalization
$11.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$86.86

Okta MarketRank™ Stock Analysis

Analyst Rating
Hold
2.34 Rating Score
Upside/​Downside
20.6% Upside
$86.86 Price Target
Short Interest
Healthy
2.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.23mentions of Okta in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$2 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.83) to ($2.52) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Computer And Technology Sector

146th out of 591 stocks

Prepackaged Software Industry

28th out of 170 stocks


OKTA stock logo

About Okta Stock (NASDAQ:OKTA)

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 Stock Price History

OKTA Stock News Headlines

The top five zero trust cybersecurity stocks (OKTA)
Cybersecurity stocks are hot, and none are hotter than the zero trust leaders highlighted in this article; all grow at a high double-digit pace with tailwinds
Earnings Estimates Rising for Okta (OKTA): Will It Gain?
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Here’s How Okta (OKTA) is Improving its Fundamentals
Buy Rating on Okta: Resilience and Growth Potential Amidst Challenges
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Okta (OKTA) Moves to Buy: Rationale Behind the Upgrade
Okta price target lowered to $75 from $90 at Citi
Okta (NASDAQ:OKTA) PT Lowered to $70.00
Okta (NASDAQ:OKTA) PT Lowered to $80.00 at Morgan Stanley
Decoding Okta Inc (OKTA): A Strategic SWOT Insight
Okta (NASDAQ:OKTA) Price Target Cut to $70.00
Okta (OKTA) Shares Skyrocket, What You Need To Know
Okta, Inc. (NASDAQ:OKTA) Q3 2024 Earnings Call Transcript
Okta Earnings: Identity Crisis
Okta (NASDAQ:OKTA) Given "Sector Weight" Rating at KeyCorp
Okta (NASDAQ:OKTA) Given "Market Perform" Rating at TD Cowen
Okta (NASDAQ:OKTA) Given Outperform Rating at Oppenheimer
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
12/08/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/06/2024

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 Target
$86.86
High Stock Price Target
$120.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+20.5%
Consensus Rating
Hold
Rating Score (0-4)
2.34
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
$33.89 per share

Miscellaneous

Free Float
151,978,000
Market Cap
$11.82 billion
Optionable
Optionable
Beta
0.92

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OKTA Stock Analysis - Frequently Asked Questions

Should I buy or sell Okta stock right now?

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 2 sell ratings, 19 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

35 Wall Street research analysts have issued 1-year price targets for Okta's shares. Their OKTA share price targets range from $64.00 to $120.00. On average, they predict the company's share price to reach $86.86 in the next twelve months. This suggests a possible upside of 20.6% 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 on January 1st, 2023. Since then, OKTA shares have increased by 5.4% and is now trading at $72.00.
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, March 6th 2024.
View our OKTA earnings forecast
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) released its earnings results on Wednesday, November, 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.14. The company earned $584 million during the quarter, compared to analyst estimates of $560.58 million. Okta had a negative trailing twelve-month return on equity of 7.59% and a negative net margin of 21.40%. Okta's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.09) earnings per share.

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

Okta updated its fourth quarter earnings guidance on Wednesday, November, 29th. The company provided earnings per share guidance of $0.50-0.51 for the period, compared to the consensus earnings per share estimate of $0.35. The company issued revenue guidance of $585-587 million, compared to the consensus revenue estimate of $580.36 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 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?

Okta's stock is owned by many different institutional and retail investors. Top institutional investors include Sands Capital Management LLC (3.58%), Eminence Capital LP (0.98%), Legal & General Group Plc (0.70%), Northern Trust Corp (0.58%), Charles Schwab Investment Management Inc. (0.57%) and Jacobs Levy Equity Management Inc. (0.43%). 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.

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 12/8/2023 by MarketBeat.com Staff

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