Okta (OKTA) Stock Price, News & Analysis

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 20 hold ratings and 11 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.
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31 brokers have issued 12-month price targets for Okta's stock. Their OKTA share price targets range from $70.00 to $140.00. On average, they anticipate the company's stock price to reach $100.39 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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Okta's stock was trading at $90.53 at the beginning of 2024. Since then, OKTA shares have increased by 4.0% and is now trading at $94.16.
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Okta saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,820,000 shares, an increase of 27.8% from the March 15th total of 2,990,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the days-to-cover ratio is currently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
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Okta, Inc. (NASDAQ:OKTA) announced its earnings results on Wednesday, February, 28th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.35. The business earned $605 million during the quarter, compared to analyst estimates of $586.25 million. Okta had a negative net margin of 15.69% and a negative trailing twelve-month return on equity of 5.69%.

ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Xtrackers Cybersecurity Select Equity ETF (PSWD), Global X Cybersecurity ETF (BUG), iShares Cybersecurity and Tech ETF (IHAK), WisdomTree Cybersecurity Fund (WCBR), Sterling Capital Focus Equity ETF (LCG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Amplify Cybersecurity ETF (HACK) and SPDR S&P Internet ETF (XWEB).

Okta issued an update on its first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of 0.540-0.550 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $603.0 million-$605.0 million, compared to the consensus revenue estimate of $584.9 million.

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.

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).

Okta (OKTA) raised $154 million in an initial public offering 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.

Okta's stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.15%), Paragon Capital Management Ltd (0.07%), Selective Wealth Management Inc. (0.03%), Strategic Planning Group LLC (0.01%), TrueMark Investments LLC (0.01%) and Wealth Enhancement Advisory Services LLC (0.01%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, Larissa Schwartz, Ledger Susan St, Robert L Dixon Jr, Shellye L Archambeau, Shibu Ninan, Todd Burrowes and Todd Mckinnon.
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Shares of OKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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