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 Identity Cloud, a platform that offers a suite of products 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 their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops. It also offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone888-722-7871
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$399.25 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date6/5/2019 (Estimated)
OptionableOptionable
Okta (NASDAQ:OKTA) Frequently Asked Questions
What is Okta's stock symbol?
Okta trades on the NASDAQ under the ticker symbol "OKTA."
How were Okta's earnings last quarter?
Okta Inc (NASDAQ:OKTA) posted its quarterly earnings data on Thursday, March, 7th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.03. The firm had revenue of $115.47 million for the quarter, compared to analysts' expectations of $107.94 million. Okta had a negative net margin of 31.43% and a negative return on equity of 44.56%. View Okta's Earnings History.
When is Okta's next earnings date?
What guidance has Okta issued on next quarter's earnings?
Okta updated its FY 2020 earnings guidance on Thursday, March, 7th. The company provided earnings per share guidance of $-0.53--0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.22. The company issued revenue guidance of $530-535 million, compared to the consensus revenue estimate of $518.35 million.Okta also updated its Q1 2020 guidance to $-0.22--0.21 EPS.
What price target have analysts set for OKTA?
20 analysts have issued 12-month price objectives for Okta's shares. Their forecasts range from $56.00 to $96.00. On average, they expect Okta's share price to reach $80.0588 in the next twelve months. This suggests that the stock has a possible downside of 6.3%. View Analyst Price Targets for Okta.
What is the consensus analysts' recommendation for Okta?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Okta.
What are Wall Street analysts saying about Okta stock?
Here are some recent quotes from research analysts about Okta stock:
- 1. According to Zacks Investment Research, "Okta, Inc. is a provider of identity for the enterprise. The Company's product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States. " (3/14/2019)
- 2. Robert W. Baird analysts commented, "We point towards relatively small deals for a ~$500 million ARR company growing 50%+, which require greater S&M expense. But management foresees larger deals in the future, which would inflect margin performance. Overall, Okta remains the clear leader in cloud identity and is successfully executing to the large and growing opportunity." (3/8/2019)
- 3. Canaccord Genuity analysts commented, "We believe Okta is well positioned to scale to become a multi-billion-dollar revenue firm and if that is true, then it is very likely that the stock will nicely reward long-term investors. Meanwhile, our bet is that the stock is close to a short-term bottom after swooning almost 20% in 30 days, especially as investors realize Okta is likely to post a strong October quarter (FQ3) in early December. BUY." (10/10/2018)
Has Okta been receiving favorable news coverage?
News articles about OKTA stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. 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 -3.6 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
Who are some of Okta's key competitors?
Some companies that are related to Okta include Activision Blizzard (ATVI), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Shopify (SHOP), Check Point Software Technologies (CHKP), Splunk (SPLK), CA (CA), Veeva Systems (VEEV), Cadence Design Systems (CDNS), Twilio (TWLO), Synopsys (SNPS), SS&C Technologies (SSNC), ANSYS (ANSS) and Symantec (SYMC).
What other stocks do shareholders of Okta own?
Who are Okta's key executives?
Okta's management team includes the folowing people:
- Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 47)
- Mr. William E. Losch, Chief Financial Officer (Age 58)
- Mr. Charles Race, Pres of Worldwide Field Operations (Age 47)
- Mr. Jacques Frederic Kerrest, Co-Founder, COO & Director (Age 41)
- Mr. Hector Aguilar, CTO & Exec. VP of Engineering
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 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 a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.39%), BlackRock Inc. (3.99%), First Trust Advisors LP (2.32%), Whale Rock Capital Management LLC (1.70%), Lord Abbett & CO. LLC (1.11%) and Two Sigma Advisers LP (0.85%). Company insiders that own Okta stock include Benjamin A Horowitz, Charles Race, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla and William E Losch. View Institutional Ownership Trends for Okta.
Which major investors are selling Okta stock?
OKTA stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Whale Rock Capital Management LLC, Two Sigma Investments LP, Peregrine Capital Management LLC, Essex Investment Management Co. LLC, Millennium Management LLC, Lord Abbett & CO. LLC and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Charles Race, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon and William E Losch. View Insider Buying and Selling for Okta.
Which major investors are buying Okta stock?
OKTA stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, BlackRock Inc., 1832 Asset Management L.P., Victory Capital Management Inc., Bank of Montreal Can, Cavalry Management Group LLC and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Okta.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Okta's stock price today?
One share of OKTA stock can currently be purchased for approximately $85.47.
How big of a company is Okta?
Okta has a market capitalization of $9.44 billion and generates $399.25 million in revenue each year. The company earns $-125,500,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis.
What is Okta's official website?
How can I contact Okta?
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]
MarketBeat Community Rating for Okta (NASDAQ OKTA)
MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote "Outperform" if you believe OKTA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.
