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NASDAQ:OKTA

Okta Stock Forecast, Price & News

$93.36
+0.76 (+0.82%)
(As of 06/29/2022 12:00 AM ET)
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Compare
Today's Range
$90.10
$93.66
50-Day Range
$78.77
$144.76
52-Week Range
$77.01
$276.30
Volume
1.89 million shs
Average Volume
2.91 million shs
Market Capitalization
$14.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$176.81
30 days | 90 days | 365 days | Advanced Chart

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OKTA Stock Forecast (MarketRank)

Overall MarketRank

2.38 out of 5 stars

Computer And Technology Sector

278th out of 937 stocks

Prepackaged Software Industry

70th out of 303 stocks

Analyst Opinion: 4.4Community Rank: 4.4Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
Okta logo

About Okta (NASDAQ:OKTA)

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 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.

OKTA Stock News Headlines

Firefighters battle wildfire near Turkish resort of Marmaris
Firefighters aided by planes and helicopters are battling a wildfire that broke out near a resort in southwestern Turkey
Okta On Verge Of Multi-Week Rally
After a vicious selloff that saw shares of identity software company Okta (NASDAQ: OKTA) fall 70% from last November through last month, they’re finally looking like they’re ready to turn around.
3 No-Brainer Stocks I'd Buy Right Now
Okta (NASDAQ:OKTA) Updates FY 2023 Earnings Guidance
Okta (NASDAQ:OKTA) Issues Q2 2023 Earnings Guidance
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:OKTA
Fax
N/A
Employees
5,030
Year Founded
2009

Company Calendar

Last Earnings
6/02/2022
Today
6/29/2022
Next Earnings (Estimated)
9/07/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$176.81
High Stock Price Forecast
$310.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
+89.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74074074074074
Research Coverage
27 Analysts

Profitability

Net Income
$-848.41 million
Pretax Margin
-67.02%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Book Value
$37.81 per share

Miscellaneous

Free Float
145,788,000
Market Cap
$14.73 billion
Optionable
Optionable
Beta
1.18

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Okta Frequently Asked Questions

Should I buy or sell Okta stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 7 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Okta stock.
View analyst ratings for Okta
or view top-rated stocks.

What is Okta's stock price forecast for 2022?

27 Wall Street analysts have issued twelve-month price targets for Okta's stock. Their OKTA stock forecasts range from $115.00 to $310.00. On average, they anticipate Okta's share price to reach $176.81 in the next twelve months. This suggests a possible upside of 89.4% from the stock's current price.
View analysts' price targets for Okta
or view top-rated stocks among Wall Street analysts.

How has Okta's stock performed in 2022?

Okta's stock was trading at $224.17 at the beginning of the year. Since then, OKTA stock has decreased by 58.4% and is now trading at $93.36.
View the best growth stocks for 2022 here
.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our earnings forecast for Okta
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings data on Thursday, June, 2nd. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.07. The firm had revenue of $414.94 million for the quarter, compared to the consensus estimate of $388.77 million. Okta had a negative net margin of 67.06% and a negative trailing twelve-month return on equity of 13.13%. The company's quarterly revenue was up 65.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.59) EPS.
View Okta's earnings history
.

What guidance has Okta issued on next quarter's earnings?

Okta updated its second quarter 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of -$0.32--$0.31 for the period, compared to the consensus EPS estimate of -$0.33. The company issued revenue guidance of $428.00 million-$430.00 million, compared to the consensus revenue estimate of $422.25 million.

Who are Okta's key executives?

Okta's management team includes the following people:

What is Todd McKinnon's approval rating as Okta's CEO?

302 employees have rated Okta CEO Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among Okta'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), Square (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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.62%), Capital Research Global Investors (1.80%), Sands Capital Management LLC (1.68%), Deer Management Co. LLC (1.66%), First Trust Advisors LP (1.48%) and Jennison Associates LLC (1.15%). Company insiders that own Okta 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 for Okta
.

Which major investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Capital International Investors, Jennison Associates LLC, American Century Companies Inc., SQN Investors LP, Growth Interface Management LLC, Nomura Holdings Inc., and Blair William & Co. IL. Company insiders that have sold Okta company stock in the last two years include Benjamin A Horowitz, Brett Tighe, Charles Race, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, L Michelle Wilson, Ledger Susan St, Michael R Kourey, Robert L Dixon Jr, Todd Burrowes, Todd Mckinnon, and William E Losch.
View insider buying and selling activity for Okta
or view top insider-selling stocks.

Which major investors are buying Okta stock?

OKTA stock was purchased by a variety of institutional investors in the last quarter, including Steadfast Capital Management LP, Renaissance Technologies LLC, Vanguard Group Inc., Champlain Investment Partners LLC, HPC Germany GmbH & Co. KG, Neuberger Berman Group LLC, Swiss National Bank, and Qube Research & Technologies Ltd.
View insider buying and selling activity for Okta
or or view top insider-buying stocks.

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 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 $93.36.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $14.73 billion and generates $1.30 billion in revenue each year. The company earns $-848.41 million in net income (profit) each year or ($6.39) on an earnings per share basis.

How many employees does Okta have?

Okta 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

When was Okta founded?

Okta was founded in 2009.

How can I contact Okta?

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

This page (NASDAQ:OKTA) was last updated on 6/29/2022 by MarketBeat.com Staff

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