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
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871
Debt
Debt-to-Equity Ratio1.04
Current Ratio3.13
Quick Ratio3.14
Price-To-Earnings
Trailing P/E Ratio-41.13
Forward P/E Ratio-46.57
P/E GrowthN/A
Sales & Book Value
Annual Sales$259.99 million
Price / Sales23.11
Cash FlowN/A
Price / CashN/A
Book Value$1.57 per share
Price / Book35.89
Profitability
EPS (Most Recent Fiscal Year)($1.37)
Net Income$-114,350,000.00
Net Margins-38.34%
Return on Equity-59.95%
Return on Assets-24.78%
Miscellaneous
EmployeesN/A
Outstanding Shares106,610,000
Market Cap$5,951.76
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 results on Wednesday, June, 6th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.07. The business had revenue of $83.62 million for the quarter, compared to the consensus estimate of $78.81 million. Okta had a negative return on equity of 59.95% and a negative net margin of 38.34%. The company's quarterly revenue was up 59.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.50) EPS. View Okta's Earnings History.
What guidance has Okta issued on next quarter's earnings?
Okta updated its FY19 earnings guidance on Wednesday, June, 6th. The company provided earnings per share (EPS) guidance of $(0.58)-(0.54) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.64). The company issued revenue guidance of $353-357 million, compared to the consensus revenue estimate of $347.10 million.Okta also updated its Q2 guidance to $(0.21)-(0.20) EPS.
What price target have analysts set for OKTA?
13 brokerages have issued 12-month price targets for Okta's stock. Their predictions range from $35.00 to $65.00. On average, they anticipate Okta's share price to reach $57.2727 in the next year. This suggests a possible upside of 1.6% from the stock's current price. View Analyst Ratings for Okta.
What is the consensus analysts' recommendation for Okta?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/18/2018)
- 2. Canaccord Genuity analysts commented, "We attended Okta’s annual customer conference, Oktane, along with almost 2,000 registered attendees and a couple dozen financial types at the analyst breakout session. We came away more convinced that this firm could become something very special over the next decade. While valuation dissuades us from rating Okta BUY at this point, we would likely change our mind if OKTA corrects to the low-$20 range perhaps in response to a market correction or lockup expiration." (8/30/2017)
Who are some of Okta's key competitors?
Some companies that are related to Okta include CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), ANSYS (ANSS), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Mobileye (MBBYF), Synopsys (SNPS), UBISOFT Entmt S/ADR (UBSFY), Symantec (SYMC), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Dropbox (DBX) and Veeva Systems (VEEV).
Who are Okta's key executives?
Okta's management team includes the folowing people:
- Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 46)
- Mr. Jacques Frederic Kerrest, Co-Founder, COO & Director (Age 40)
- Mr. Charles Race, Pres of Worldwide Field Operations (Age 46)
- Mr. William E. Losch, Chief Financial Officer (Age 57)
When did Okta IPO?
(OKTA) raised $154 million in an initial public offering (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.
Has Okta been receiving favorable news coverage?
Media headlines about OKTA stock have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Okta earned a media sentiment score of 0.20 on Accern's scale. They also assigned news stories about the company an impact score of 44.76 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Okta's major shareholders?
Okta's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.16%), Essex Investment Management Co. LLC (0.12%), Bank of Montreal Can (0.02%), Amalgamated Bank (0.02%), Gemmer Asset Management LLC (0.02%) and Columbia Partners L L C Investment Management (0.01%). Company insiders that own Okta stock include 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 institutional investors are selling Okta stock?
OKTA stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Columbia Partners L L C Investment Management and Essex Investment Management Co. LLC. Company insiders that have sold Okta company stock in the last year include Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla and William E Losch. View Insider Buying and Selling for Okta.
Which institutional investors are buying Okta stock?
OKTA stock was acquired by a variety of institutional investors in the last quarter, including Amalgamated Bank, Gemmer Asset Management LLC, State of Alaska Department of Revenue and Bank of Montreal Can. 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 $56.35.
How big of a company is Okta?
Okta has a market capitalization of $5.95 billion and generates $259.99 million in revenue each year. The company earns $-114,350,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.
How can I contact Okta?
Okta's mailing address is 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA, 94107. 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.
