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Can the Dow's 2023 Runaway Winners Keep Running?
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Alibaba Unveils Its Spin-Off Plans
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The Most Upgraded Stocks From The Q1 Earnings Season
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
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Can the Dow's 2023 Runaway Winners Keep Running?
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
Can These Two Crypto Stocks Stage a Comeback?
Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Alibaba Unveils Its Spin-Off Plans
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
The Most Upgraded Stocks From The Q1 Earnings Season
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
Can the Dow's 2023 Runaway Winners Keep Running?
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
Can These Two Crypto Stocks Stage a Comeback?
Advance Auto Parts Backfires: Is This A Warning For The S&P 500?

Okta (OKTA) Stock Forecast, Price & News

$90.90
+0.79 (+0.88%)
(As of 05/31/2023 ET)
Compare
Today's Range
$88.85
$91.50
50-Day Range
$68.53
$90.90
52-Week Range
$44.12
$111.35
Volume
5.39 million shs
Average Volume
2.41 million shs
Market Capitalization
$14.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$86.97

Okta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.51 Rating Score
Upside/​Downside
4.3% Downside
$86.97 Price Target
Short Interest
Healthy
3.13% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.65mentions of Okta in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$533,244 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.05) to ($2.98) Per Share

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 stars

Computer And Technology Sector

416th out of 621 stocks

Prepackaged Software Industry

134th out of 219 stocks


OKTA stock logo

About Okta (NASDAQ:OKTA) Stock

Okta, 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.

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OKTA Stock News Headlines

Okta (OKTA) Beats Q1 Earnings and Revenue Estimates
Okta Expects Swing to Adjusted Profit in 2Q
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This NASDAQ Stock Is The Amazon Of Medical Supply
This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now
Here's How Okta Lines Up With Earnings on Tap
Okta Q1 2024 Earnings Preview
Earnings Preview For Okta
Okta earnings preview: what Wall Street is expecting
Okta (OKTA) Set to Announce Earnings on Wednesday
Okta expected to report 1Q profit beat: earnings preview
See More Headlines
Receive OKTA Stock News and Ratings via Email

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OKTA Company Calendar

Last Earnings
12/01/2021
Today
5/31/2023
Next Earnings (Confirmed)
5/31/2023
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
$86.97
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
-4.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.51
Research Coverage
39 Analysts

Profitability

Net Income
$-815,000,000.00
Pretax Margin
-43.11%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Book Value
$33.89 per share

Miscellaneous

Free Float
149,417,000
Market Cap
$14.66 billion
Optionable
Optionable
Beta
1.15

Social Links


Key Executives

  • Todd McKinnonTodd McKinnon
    Chairman & Chief Executive Officer
  • Sagnik Nandy
    President & Chief Development Officer-Workforce
  • J. Frederic KerrestJ. Frederic Kerrest
    Executive Vice Chairman & Chief Operating Officer
  • Brett TigheBrett Tighe
    Chief Financial Officer
  • Alvina Y. Antar
    Chief Information Officer & Senior Vice President













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 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

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