Most-Downgraded Stocks NASDAQ:OKTA Okta - OKTA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Okta, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $69.99 +2.03 (+2.99%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$67.46▼$70.0850-Day Range$47.97▼$71.1252-Week Range$44.12▼$203.79Volume1.99 million shsAverage Volume2.67 million shsMarket Capitalization$11.21 billionP/E RatioN/ADividend YieldN/APrice Target$84.50 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingHold2.49 Rating ScoreUpside/Downside20.7% Upside$84.50 Price TargetShort InterestHealthy3.22% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.37Based on 12 Articles This WeekInsider TradingSelling Shares$1.73 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($4.48) to ($3.64) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.41 out of 5 starsComputer And Technology Sector264th out of 627 stocksPrepackaged Software Industry101st out of 216 stocks 3.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.49, and is based on 19 buy ratings, 14 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $84.50, Okta has a forecasted upside of 20.7% from its current price of $69.99.Amount of Analyst CoverageOkta has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.22% of the outstanding shares of Okta have been sold short.Short Interest Ratio / Days to CoverOkta has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 12.69%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOkta has received a 47.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is false driven by its "Identity management software", "Network security software", and "Cloud security software" products. See details.Environmental SustainabilityThe Environmental Impact score for Okta is -0.60. Previous Next 1.9 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Okta this week, compared to 11 articles on an average week.Search InterestOnly 35 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,726,103.00 in company stock.Percentage Held by InsidersOnly 7.60% of the stock of Okta is held by insiders.Percentage Held by Institutions73.02% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($4.48) to ($3.64) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -12.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Okta is -12.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Okta (NASDAQ:OKTA) StockOkta, 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 Identity Cloud, a platform that offers a suite of products and services, 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 that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that 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 Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. 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.Read More Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address OKTA Stock News HeadlinesJanuary 25, 2023 | seekingalpha.comHow Okta Stock Unlocked Its PotentialJanuary 24, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Coverage Initiated by Analysts at JPMorgan Chase & Co.January 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 23, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Raises Okta (NASDAQ:OKTA) Price Target to $90.00January 20, 2023 | finance.yahoo.comBull of the Day: Okta (OKTA)January 20, 2023 | americanbankingnews.comScotiabank Initiates Coverage on Okta (NASDAQ:OKTA)January 18, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Price Target Raised to $80.00January 17, 2023 | finance.yahoo.comSoftware is Still "Eating the World": 3 Top-Ranked Stocks to Keep on Your RadarJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 16, 2023 | seekingalpha.comOkta: Integration IssuesJanuary 13, 2023 | finance.yahoo.comOkta Shows Clear Progress, But This Analyst Remains On The Sidelines Citing No Clear Catalyst For Improved ValuationJanuary 4, 2023 | finance.yahoo.comOkta's Charts Look Better, but Here's What I'd Really Like to See From the StockDecember 27, 2022 | finance.yahoo.comWill Okta Stock Bounce Back in 2023?December 22, 2022 | finance.yahoo.comHackers Target Okta For Third Time In 2022December 20, 2022 | finance.yahoo.comA Bull Market Is Coming. 3 Stocks to Buy Like There's No TomorrowDecember 15, 2022 | finance.yahoo.comOkta, Inc. (OKTA) Is a Trending Stock: Facts to Know Before Betting on ItDecember 13, 2022 | seekingalpha.comOkta pops as Cowen starts coverage, notes company navigating 'changing landscape'December 11, 2022 | msn.com$1000 Invested In Okta 5 Years Ago Would Be Worth This Much TodayDecember 9, 2022 | finance.yahoo.com2 Reasons to Buy Okta and 1 Reason to SellDecember 8, 2022 | fool.comIs Okta Stock a Buy Now?December 7, 2022 | finance.yahoo.comOkta, Inc. (NASDAQ:OKTA) Q3 2023 Earnings Call TranscriptDecember 6, 2022 | marketwatch.comMarketWatch First Take: Okta and Atlassian added to ‘zombie’ stocks list by equity research firm New ConstructsDecember 6, 2022 | finance.yahoo.comWall Street Analysts Think Okta (OKTA) Could Surge 32%: Read This Before Placing a BetDecember 6, 2022 | seekingalpha.comOkta: Cloud Security BallooningDecember 5, 2022 | benzinga.comSentinelOne Likely For Customer Deceleration Akin To Okta And CrowdStrike, Analyst SaysDecember 4, 2022 | finance.yahoo.comBusiness-Software Companies Say Customers Are Pulling Back Amid Economic ConcernsDecember 4, 2022 | finance.yahoo.comOkta Stock Just Surged. Here's Why the Rally Could Keep GoingSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address OKTA Company Calendar Last Earnings11/30/2022Today1/26/2023Fiscal Year End1/31/2023Next Earnings (Estimated)3/01/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,030Year Founded2009Price Target and Rating Average Stock Price Forecast$84.50 High Stock Price Forecast$260.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+20.7%Consensus RatingHold Rating Score (0-4)2.49 Research Coverage35 Analysts Profitability EPS (Most Recent Fiscal Year)($5.78) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-848,410,000.00 Net Margins-52.19% Pretax Margin-51.30% Return on Equity-13.61% Return on Assets-8.32% Debt Debt-to-Equity Ratio0.41 Current Ratio2.30 Quick Ratio2.30 Sales & Book Value Annual Sales$1.30 billion Price / Sales8.62 Cash FlowN/A Price / Cash FlowN/A Book Value$37.81 per share Price / Book1.85Miscellaneous Outstanding Shares160,183,000Free Float148,009,000Market Cap$11.21 billion OptionableOptionable Beta1.05 Social Links Key ExecutivesMr. Todd McKinnon (Age 51)Co-Founder, Chairman & CEO Comp: $508.63kMr. Jacques Frederic Kerrest (Age 45)Co-Founder, Exec. Vice Chairperson & COO (Leave of Absence) Comp: $543.39kMr. Brett Tighe (Age 42)Chief Financial Officer Comp: $559.28kMr. Jonathan T. Runyan (Age 46)Gen. Counsel & Sec. Comp: $526.32kMr. Michael R. Kourey (Age 63)Advisor Comp: $643.06kMs. Susan St. Ledger (Age 58)Pres of Worldwide Field Operations Comp: $961.37kMr. Sagnik NandyPres & Chief Devel. Officer of Workforce IdentityMr. Eugenio PaceCo-founder & Pres of Customer IdentityMr. Shibu NinanChief Accounting OfficerMs. Alvina Y. Antar (Age 48)Sr. VP & Chief Information Officer More ExecutivesKey CompetitorsCeridian HCMNYSE:CDAYPaylocityNASDAQ:PCTYDynatraceNYSE:DTZoomInfo TechnologiesNASDAQ:ZIBentley SystemsNASDAQ:BSYView All CompetitorsInsiders & InstitutionsBarton Investment ManagementBought 37,978 shares on 1/26/2023Ownership: 0.153%Dupont Capital Management CorpBought 6,779 shares on 1/26/2023Ownership: 0.004%Bank Hapoalim BMBought 5,130 shares on 1/26/2023Ownership: 0.003%AJ Wealth Strategies LLCSold 550 shares on 1/25/2023Ownership: 0.003%Lindbrook Capital LLCBought 270 shares on 1/25/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions OKTA Stock - Frequently Asked Questions Should I buy or sell Okta stock right now? 35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 2 sell ratings, 14 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month target prices for Okta's stock. Their OKTA share price forecasts range from $45.00 to $260.00. On average, they anticipate the company's stock price to reach $84.50 in the next year. This suggests a possible upside of 20.7% 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 start of the year. Since then, OKTA stock has increased by 2.4% and is now trading at $69.99. 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 1st 2023. View our OKTA earnings forecast. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, November, 30th. The company reported ($1.09) earnings per share for the quarter, beating the consensus estimate of ($1.34) by $0.25. The company had revenue of $481.04 million for the quarter, compared to analyst estimates of $463.62 million. Okta had a negative trailing twelve-month return on equity of 13.61% and a negative net margin of 52.19%. What guidance has Okta issued on next quarter's earnings? Okta updated its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share guidance of $0.09-$0.10 for the period, compared to the consensus estimate of -$0.11. The company issued revenue guidance of $488.00 million-$490.00 million, compared to the consensus revenue estimate of $487.86 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 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 number of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.33%), Barton Investment Management (0.15%), Allspring Global Investments Holdings LLC (0.11%), Stanley Laman Group Ltd. (0.07%), Selective Wealth Management Inc. (0.04%) and Clarius Group LLC (0.03%). 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, Ledger Susan St, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, 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 $69.99. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $11.21 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.78) on an earnings per share basis. How many employees does Okta have? The company employs 5,030 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 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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