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
SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871
Debt
Debt-to-Equity RatioN/A
Current Ratio1.65%
Quick Ratio1.65%
Price-To-Earnings
Trailing P/E Ratio-30.64
Forward P/E Ratio-32.28
P/E GrowthN/A
Sales & Book Value
Annual Sales$259.99 million
Price / Sales16.90
Cash FlowN/A
Price / CashN/A
Book Value$1.57 per share
Price / Book26.73
Profitability
EPS (Most Recent Fiscal Year)($1.37)
Net Income$-114,350,000.00
Net Margins-43.99%
Return on Equity-65.56%
Return on Assets-31.23%
Miscellaneous
EmployeesN/A
Outstanding Shares104,660,000
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 (NASDAQ:OKTA) released its quarterly earnings data on Wednesday, March, 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.05. The firm earned $77.80 million during the quarter, compared to the consensus estimate of $76.77 million. Okta had a negative return on equity of 65.56% and a negative net margin of 43.99%. The firm's revenue was up 59.4% compared to the same quarter last year. View Okta's Earnings History.
What guidance has Okta issued on next quarter's earnings?
Okta updated its FY19 earnings guidance on Wednesday, March, 7th. The company provided EPS guidance of ($0.67-0.62) for the period, compared to the Thomson Reuters consensus estimate of ($0.75). The company issued revenue guidance of $343-348 million, compared to the consensus revenue estimate of $343.91 million.Okta also updated its Q1 guidance to ($0.16-0.15) EPS.
What price target have analysts set for OKTA?
13 brokerages have issued 12 month price objectives for Okta's shares. Their forecasts range from $32.00 to $50.00. On average, they anticipate Okta's share price to reach $43.00 in the next twelve months. 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. " (11/9/2017)
- 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 Tyler Technologies (TYL), Trend Micro (TMICY), The Ultimate Software Group (ULTI), Black Knight (BKI), Momo (MOMO), Sina (SINA), Paycom (PAYC), Tableau Software (DATA), National Instruments (NATI), Guidewire Software (GWRE), LogMeIn (LOGM), MuleSoft (MULE), Atlassian (TEAM), Blackbaud (BLKB), RealPage (RP), 2U (TWOU), Nuance Communications (NUAN) and Medidata Solutions (MDSO).
Who are Okta's key executives?
Okta's management team includes the folowing people:
- Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 46)
- Mr. J. Frederic Kerrest, Co-Founder, Chief Operating Officer and Director (Age 40)
- Mr. Charles Race, Pres of Worldwide Field Operations (Age 46)
- Mr. William E. Losch, Chief Financial Officer (Age 57)
- Mr. Hector Aguilar, Chief Technology Officer and Exec. VP of Engineering
When did Okta IPO?
(OKTA) raised $154 million in an initial public offering 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 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?
News articles about OKTA stock have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Okta earned a news impact score of -0.02 on Accern's scale. They also assigned news articles about the company an impact score of 46.38 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
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 $41.97.
How big of a company is Okta?
Okta has a market capitalization of $4.39 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 (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.
Okta (NASDAQ:OKTA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Okta in the last 12 months. Their average twelve-month price target is $43.00, suggesting that the stock has a possible upside of 2.45%. The high price target for OKTA is $50.00 and the low price target for OKTA is $32.00. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.77 | 2.77 | 2.70 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $43.00 | $43.00 | $33.2857 | $32.00 |
| Price Target Upside: | 2.45% upside | 11.49% upside | 14.07% upside | 14.29% upside |
Okta (NASDAQ:OKTA) Consensus Price Target History
Okta (NASDAQ:OKTA) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Okta (NASDAQ:OKTA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Okta (NASDAQ OKTA) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 38.05%
Okta (NASDAQ OKTA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/17/2018 | Jacques Frederic Kerrest | COO | Sell | 171,671 | $40.77 | $6,999,026.67 | |  |
| 4/16/2018 | William E Losch | CFO | Sell | 15,000 | $40.56 | $608,400.00 | 15,000 | |
| 4/10/2018 | Jonathan T Runyan | General Counsel | Sell | 2,500 | $39.31 | $98,275.00 | 2,500 | |
| 3/28/2018 | Jonathan T Runyan | General Counsel | Sell | 2,500 | $38.41 | $96,025.00 | 2,500 | |
| 3/23/2018 | Michael R Kourey | Director | Sell | 17,500 | $38.79 | $678,825.00 | 17,500 | |
| 3/12/2018 | William E Losch | CFO | Sell | 20,400 | $39.60 | $807,840.00 | 20,400 | |
| 3/7/2018 | Jonathan T Runyan | General Counsel | Sell | 2,500 | $38.93 | $97,325.00 | 2,500 | |
| 3/1/2018 | Todd Mckinnon | CEO | Sell | 75,000 | $36.51 | $2,738,250.00 | | |
| 2/21/2018 | Jonathan T Runyan | General Counsel | Sell | 5,000 | $35.67 | $178,350.00 | 5,000 | |
| 2/12/2018 | William E Losch | CFO | Sell | 20,400 | $30.04 | $612,816.00 | 20,400 | |
| 2/1/2018 | Todd Mckinnon | CEO | Sell | 75,000 | $29.67 | $2,225,250.00 | | |
| 1/22/2018 | Jonathan T Runyan | General Counsel | Sell | 9,375 | $30.02 | $281,437.50 | 9,375 | |
| 1/22/2018 | William E Losch | CFO | Sell | 16,400 | $30.04 | $492,656.00 | 16,400 | |
| 1/11/2018 | William E Losch | CFO | Sell | 12,200 | $26.48 | $323,056.00 | 12,200 | |
| 1/2/2018 | Jonathan T Runyan | General Counsel | Sell | 3,125 | $25.99 | $81,218.75 | 3,125 | |
| 1/2/2018 | Todd Mckinnon | CEO | Sell | 75,000 | $26.11 | $1,958,250.00 | | |
| 12/20/2017 | Jonathan T. Runyan | General Counsel | Sell | 9,375 | $25.22 | $236,437.50 | | |
| 12/12/2017 | Ventures Iv L.P. Khosla | Insider | Sell | 300,000 | $25.49 | $7,647,000.00 | | |
| 12/11/2017 | William E Losch | CFO | Sell | 12,200 | $26.13 | $318,786.00 | 12,200 | |
| 12/4/2017 | Todd Mckinnon | CEO | Sell | 75,000 | $28.72 | $2,154,000.00 | | |
| 12/1/2017 | Jonathan T Runyan | General Counsel | Sell | 3,124 | $28.98 | $90,533.52 | 3,124 | |
| 12/1/2017 | Todd Mckinnon | CEO | Sell | 57,236 | $28.77 | $1,646,679.72 | | |
| 11/24/2017 | Jacques Frederic Kerrest | COO | Sell | 6,612 | $30.34 | $200,608.08 | | |
| 11/22/2017 | Jacques Frederic Kerrest | COO | Sell | 159,605 | $30.06 | $4,797,726.30 | | |
| 11/22/2017 | William E Losch | CFO | Sell | 13,800 | $30.00 | $414,000.00 | 6,900 | |
| 11/20/2017 | Jonathan T Runyan | General Counsel | Sell | 9,375 | $29.27 | $274,406.25 | 9,375 | |
| 11/17/2017 | Jacques Frederic Kerrest | COO | Sell | 5,500 | $30.00 | $165,000.00 | | |
| 11/17/2017 | William E Losch | CFO | Sell | 2,600 | $30.00 | $78,000.00 | 2,400 | |
| 11/13/2017 | William E Losch | CFO | Sell | 12,200 | $29.05 | $354,410.00 | 12,200 | |
| 11/10/2017 | Jacques Frederic Kerrest | COO | Sell | 85,858 | $28.98 | $2,488,164.84 | | |
| 11/1/2017 | Jonathan T Runyan | General Counsel | Sell | 64,396 | $29.00 | $1,867,484.00 | 19,366 | |
| 11/1/2017 | Todd Mckinnon | CEO | Sell | 75,000 | $28.98 | $2,173,500.00 | | |
| 10/27/2017 | Jonathan T Runyan | General Counsel | Sell | 23,065 | $29.00 | $668,885.00 | 23,065 | |
| 10/18/2017 | Jacques Frederic Kerrest | COO | Sell | 95,366 | $27.14 | $2,588,233.24 | | |
| 10/16/2017 | Jacques Frederic Kerrest | COO | Sell | 39,705 | $27.63 | $1,097,049.15 | | |
| 10/16/2017 | Todd Mckinnon | CEO | Sell | 25,455 | $27.31 | $695,176.05 | | |
| 10/12/2017 | Jacques Frederic Kerrest | COO | Sell | 122,504 | $28.59 | $3,502,389.36 | | |
| 10/12/2017 | Todd Mckinnon | CEO | Sell | 49,545 | $28.59 | $1,416,491.55 | | |
| 10/11/2017 | Jacques Frederic Kerrest | COO | Sell | 88,625 | $28.62 | $2,536,447.50 | | |
| 10/11/2017 | Todd Mckinnon | CEO | Sell | 40,158 | $28.61 | $1,148,920.38 | | |
| 10/11/2017 | William E Losch | CFO | Sell | 12,200 | $28.63 | $349,286.00 | | |
| 10/4/2017 | Jonathan T Runyan | General Counsel | Sell | 300,000 | $27.03 | $8,109,000.00 | | |
(Data available from 1/1/2013 forward)
Okta (NASDAQ OKTA) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Billion-Dollar Unicorns: What's Okta's Inorganic Growth Narrative?
seekingalpha.com - April 21 at 10:07 AM |
 | Okta (OKTA) COO Sells $6,999,026.67 in Stock
www.americanbankingnews.com - April 19 at 7:18 PM |
| Okta (OKTA) CFO Sells $608,400.00 in Stock
www.americanbankingnews.com - April 17 at 7:15 PM |
 | Free Post Earnings Research Report: Okta's Quarterly Revenues Soared 59%; Net Loss Narrowed
finance.yahoo.com - April 17 at 10:32 AM |
| Okta Should See Higher Prices in the Weeks Ahead
finance.yahoo.com - April 16 at 3:52 PM |
 | Cramer vets under-the-radar cybersecurity plays like ForeScout
www.cnbc.com - April 14 at 6:00 PM |
| $78.79 Million in Sales Expected for Okta (OKTA) This Quarter
www.americanbankingnews.com - April 14 at 2:05 AM |
| How Cybersecurity Firms Palo Alto, Okta Can Capitalize On Blockchain
finance.yahoo.com - April 13 at 3:46 PM |
| Okta (OKTA) General Counsel Jonathan T. Runyan Sells 2,500 Shares
www.americanbankingnews.com - April 12 at 7:35 PM |
| Zacks: Brokerages Expect Okta (OKTA) to Post -$0.16 Earnings Per Share
www.americanbankingnews.com - April 12 at 7:18 PM |
| Okta (OKTA) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - April 12 at 1:45 PM |
 | Commit To Buy Okta At $30, Earn 10.9% Annualized Using Options
www.nasdaq.com - April 6 at 3:50 PM |
| Okta (OKTA) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 6 at 1:36 AM |
 | Inside Privacy: Okta CEO Takes Hardcore Line On Identity Management
www.forbes.com - April 4 at 5:47 PM |
| Okta (OKTA) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - March 31 at 9:54 PM |
 | Why Okta (OKTA) Could Be Positioned for a Surge March 28, 2018
www.zacks.com - March 28 at 10:26 AM |
| Okta CEO McKinnon on the Tech IPO Landscape and Data Security
finance.yahoo.com - March 28 at 10:26 AM |
| Why Okta (OKTA) Could Be Positioned for a Surge
finance.yahoo.com - March 28 at 10:26 AM |
| $78.79 Million in Sales Expected for Okta Inc (OKTA) This Quarter
www.americanbankingnews.com - March 28 at 2:14 AM |
| Michael R. Kourey Sells 17,500 Shares of Okta Inc (OKTA) Stock
www.americanbankingnews.com - March 27 at 10:14 PM |
 | Form 4 Okta, Inc. For: Mar 22 Filed by: Race Charles
www.streetinsider.com - March 27 at 10:43 AM |
| Form 4 Okta, Inc. For: Mar 22 Filed by: Losch William E
www.streetinsider.com - March 27 at 10:43 AM |
| Okta (OKTA) Earns Outperform Rating from Analysts at FBN Securities
www.americanbankingnews.com - March 27 at 12:41 AM |
| KeyCorp Reiterates "Overweight" Rating for Okta (OKTA)
www.americanbankingnews.com - March 19 at 9:13 AM |
| Okta Inc (OKTA) CFO William E. Losch Sells 20,400 Shares
www.americanbankingnews.com - March 14 at 10:25 PM |
| 3 More IPOs Break Out As Initial Public Offerings Deliver After Unicorn Hype
finance.yahoo.com - March 13 at 11:04 AM |
| Okta Inc (OKTA) Sees Large Growth in Short Interest
www.americanbankingnews.com - March 13 at 1:53 AM |
| Okta Inc (OKTA) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - March 12 at 1:55 AM |
 | With More Customer Wins, Okta Delivers Another Round of Strong ... - Motley Fool
www.fool.com - March 11 at 5:55 PM |
| Okta: Racing Ahead To A Huge Valuation - Seeking Alpha
seekingalpha.com - March 10 at 3:50 PM |
| Form 4 Okta, Inc. For: Mar 07 Filed by: Runyan Jonathan T - StreetInsider.com
www.streetinsider.com - March 10 at 3:50 PM |
| With More Customer Wins, Okta Delivers Another Round of Strong Revenue Growth
finance.yahoo.com - March 10 at 11:15 AM |
| Insider Selling: Okta Inc (OKTA) General Counsel Sells 2,500 Shares of Stock
www.americanbankingnews.com - March 9 at 9:30 PM |
| Okta (OKTA) in Focus: Stock Moves 8.8% Higher - Nasdaq
www.nasdaq.com - March 9 at 3:52 PM |
| Okta, Inc (OKTA) PT Raised to $50 at Needham & Company - StreetInsider.com
www.streetinsider.com - March 9 at 12:27 PM |
| Citigroup Reaffirms Buy Rating for Okta (OKTA)
www.americanbankingnews.com - March 9 at 12:10 AM |
| Okta (OKTA) Price Target Increased to $50.00 by Analysts at JPMorgan Chase & Co.
www.americanbankingnews.com - March 8 at 8:48 PM |
| Okta (OKTA) Price Target Raised to $36.00
www.americanbankingnews.com - March 8 at 8:19 PM |
| Okta (OKTA) Given New $46.00 Price Target at Deutsche Bank
www.americanbankingnews.com - March 8 at 7:13 PM |
| Okta (OKTA) PT Raised to $45.00
www.americanbankingnews.com - March 8 at 7:03 PM |
| Needham & Company LLC Boosts Okta (OKTA) Price Target to $50.00
www.americanbankingnews.com - March 8 at 7:03 PM |
 | Okta Identity Cloud Securely Connects JetBlue to its Customers ... - Business Wire (press release)
www.businesswire.com - March 8 at 3:49 PM |
| Okta, Inc. (OKTA) Tops Q4 EPS by 5c, Beats on Revenues; Offers FY19 EPS/Revenue Outlook Above Consensus - StreetInsider.com
www.streetinsider.com - March 8 at 3:49 PM |
| Okta, Inc (OKTA) PT Raised to $43 at Oppenheimer - StreetInsider.com - StreetInsider.com
www.streetinsider.com - March 8 at 3:49 PM |
 | BRIEF-Okta Inc Q4 GAAP Loss Per Share $0.24
www.reuters.com - March 8 at 11:33 AM |
| Okta, Inc. 2018 Q4 - Results - Earnings Call Slides
seekingalpha.com - March 8 at 11:33 AM |
| Okta, Inc. (OKTA) Tops Q4 EPS by 5c, Beats on Revenues; Offers FY19 EPS/Revenue Outlook Above Consensus
www.streetinsider.com - March 8 at 11:33 AM |
| Okta Rising: FYQ4 Beats, Forecast Above Consensus
finance.yahoo.com - March 8 at 11:33 AM |
| Okta reports 4Q loss
finance.yahoo.com - March 8 at 11:33 AM |
| The Inside Story Of SailPoint's 25+% Growth Strategy
finance.yahoo.com - March 8 at 11:33 AM |
Okta (NASDAQ:OKTA) SEC Filings
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Okta (NASDAQ:OKTA) Income Statement, Balance Sheet and Cash Flow Statement
Okta (NASDAQ OKTA) Stock Chart for Sunday, April, 22, 2018
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