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 cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services.
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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
Employees1,561
Next Earnings Date9/5/2019 (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, May, 30th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.01. The business earned $125.20 million during the quarter, compared to the consensus estimate of $116.83 million. Okta had a negative return on equity of 53.36% and a negative net margin of 34.37%. The firm's quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. View Okta's Earnings History.
When is Okta's next earnings date?
What guidance has Okta issued on next quarter's earnings?
Okta issued an update on its FY20 earnings guidance on Thursday, May, 30th. The company provided EPS guidance of ($0.49)-(0.45) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.49). The company issued revenue guidance of $543-548 million, compared to the consensus revenue estimate of $534.54 million.Okta also updated its FY 2020 guidance to $-0.49--0.45 EPS.
What price target have analysts set for OKTA?
20 equities research analysts have issued 1-year target prices for Okta's shares. Their predictions range from $62.00 to $137.00. On average, they expect Okta's share price to reach $96.3529 in the next year. This suggests that the stock has a possible downside of 25.3%. 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 7 hold ratings and 13 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. " (6/5/2019)
- 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)
Has Okta been receiving favorable news coverage?
Media headlines about OKTA stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Okta earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the company's share price in the near term. View News Stories for Okta.
Who are some of Okta's key competitors?
Some companies that are related to Okta include ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Activision Blizzard (ATVI), Shopify (SHOP), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Cadence Design Systems (CDNS), Synopsys (SNPS), CA (CA), Twilio (TWLO), Splunk (SPLK), Check Point Software Technologies (CHKP) and ANSYS (ANSS).
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, Pres of Technology
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 $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 many different of institutional and retail investors. Top institutional shareholders include Morgan Stanley (4.51%), First Trust Advisors LP (2.38%), Gilder Gagnon Howe & Co. LLC (1.86%), Champlain Investment Partners LLC (1.33%), Zevenbergen Capital Investments LLC (1.04%) and Renaissance Technologies LLC (1.04%). 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 institutional investors are selling Okta stock?
OKTA stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, Bank of Montreal Can, Miura Global Management LLC, Glynn Capital Management LLC, BNP Paribas Arbitrage SA, Janus Henderson Group PLC, Zevenbergen Capital Investments LLC and Neuberger Berman Group LLC. 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 institutional investors are buying Okta stock?
OKTA stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Gilder Gagnon Howe & Co. LLC, AQR Capital Management LLC, Spark Investment Management LLC, Growth Interface Management LLC, Columbus Circle Investors, First Trust Advisors LP and Charles Schwab Investment Management Inc.. 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 $128.95.
How big of a company is Okta?
Okta has a market capitalization of $14.72 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. Okta employs 1,561 workers across the globe.View Additional Information About Okta.
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.
