NASDAQ:OKTA - Okta Stock Price, Forecast & News

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OKTA stock has increased by 6.5% and is now trading at $122.26. View which stocks have been mosted impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Okta.

Okta is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Okta.

Okta Inc (NASDAQ:OKTA) released its quarterly earnings data on Thursday, March, 5th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.04. The company had revenue of $167.33 million for the quarter, compared to analyst estimates of $155.83 million. Okta had a negative return on equity of 50.48% and a negative net margin of 35.65%. The business's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. View Okta's earnings history.

Okta issued an update on its FY21 earnings guidance on Thursday, March, 5th. The company provided earnings per share (EPS) guidance of $(0.42)-(0.37) for the period, compared to the Thomson Reuters consensus estimate of ($0.28). The company issued revenue guidance of $770-780 million, compared to the consensus revenue estimate of $760.79 million.

18 brokerages have issued 12-month price targets for Okta's shares. Their forecasts range from $95.00 to $162.00. On average, they anticipate Okta's share price to reach $144.00 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View analysts' price targets for Okta.

Press coverage about OKTA stock has trended very negative on Wednesday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Okta earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. View the latest news aboutOkta.

Okta saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 9,704,400 shares, an increase of 9.0% from the February 27th total of 8,900,000 shares. Based on an average daily trading volume, of 2,468,200 shares, the days-to-cover ratio is currently 3.9 days. Currently, 10.1% of the shares of the stock are sold short. View Okta's Current Options Chain.

Some companies that are related to Okta include Intuit (INTU), ServiceNow (NOW), Shopify (SHOP), VMware (VMW), Uber Technologies (UBER), Activision Blizzard (ATVI), Dassault Systemes (DASTY), Autodesk (ADSK), Electronic Arts (EA), Square (SQ), Veeva Systems (VEEV), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS) and Cadence Design Systems (CDNS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Okta investors own include NVIDIA (NVDA), Twilio (TWLO), Shopify (SHOP), Trade Desk (TTD), Alibaba Group (BABA), salesforce.com (CRM), Square (SQ), Paypal (PYPL), Micron Technology (MU) and Netflix (NFLX).

(OKTA) raised $154 million in an 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 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.

Okta trades on the NASDAQ under the ticker symbol "OKTA."

Shares of OKTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OKTA stock can currently be purchased for approximately $122.26.

Okta has a market capitalization of $15.01 billion and generates $586.07 million in revenue each year. The company earns $-208,910,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis. Okta employs 1,561 workers across the globe. View additional information about Okta.

The official website for Okta is http://www.okta.com/.

Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The company can be reached via phone at 888-722-7871 or via email at [email protected]