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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
'Knock at the Cabin' knocks off 'Avatar' at the box office

Okta - OKTA Stock Forecast, Price & News

$77.47
-3.80 (-4.68%)
(As of 02/3/2023 09:04 PM ET)
Add
Compare
Today's Range
$76.57
$81.14
50-Day Range
$50.20
$81.27
52-Week Range
$44.12
$203.79
Volume
2.78 million shs
Average Volume
2.81 million shs
Market Capitalization
$12.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$83.76

Okta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
8.1% Upside
$83.76 Price Target
Short Interest
Healthy
3.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.16mentions of Okta in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$805,573 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.46) to ($3.62) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Computer And Technology Sector

234th out of 608 stocks

Prepackaged Software Industry

72nd out of 215 stocks

OKTA stock logo

About Okta (NASDAQ:OKTA) Stock

Okta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

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OKTA Stock News Headlines

Okta (NASDAQ:OKTA) Sees Unusually-High Trading Volume
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Okta to Lay Off 5% of Staff After Pandemic Hiring Spree
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Okta (NASDAQ:OKTA) Lifted to "Buy" at Needham & Company LLC
Stifel Nicolaus Upgrades Okta (NASDAQ:OKTA) to "Buy"
Analysts Set Okta, Inc. (NASDAQ:OKTA) Price Target at $80.47
How Okta Stock Unlocked Its Potential
Bull of the Day: Okta (OKTA)
Okta: Integration Issues
Will Okta Stock Bounce Back in 2023?
See More Headlines
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OKTA Company Calendar

Last Earnings
11/30/2022
Today
2/05/2023
Next Earnings (Confirmed)
3/01/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$83.76
High Stock Price Forecast
$260.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
35 Analysts

Profitability

Net Income
$-848,410,000.00
Pretax Margin
-51.30%

Debt

Sales & Book Value

Annual Sales
$1.73 billion
Book Value
$37.81 per share

Miscellaneous

Free Float
148,009,000
Market Cap
$12.41 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • Todd McKinnonTodd McKinnon
    Chairman & Chief Executive Officer
  • J. Frederic Kerrest
    Executive Vice Chairman & Chief Operating Officer
  • Brett TigheBrett Tighe
    Chief Financial Officer
  • Alvina Y. Antar
    Chief Information Officer & Senior Vice President
  • Sagnik Nandy
    Chief Technology Officer & President-Technology













OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 2 sell ratings, 12 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OKTA shares.
View OKTA analyst ratings
or view top-rated stocks.

What is Okta's stock price forecast for 2023?

35 brokerages have issued 12-month price objectives for Okta's shares. Their OKTA share price forecasts range from $45.00 to $260.00. On average, they anticipate the company's stock price to reach $83.76 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for OKTA
or view top-rated stocks among Wall Street analysts.

How have OKTA shares performed in 2023?

Okta's stock was trading at $68.33 at the start of the year. Since then, OKTA stock has increased by 13.4% and is now trading at $77.47.
View the best growth stocks for 2023 here
.

When is Okta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our OKTA earnings forecast
.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Wednesday, March 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, November, 30th. The company reported ($1.09) earnings per share for the quarter, beating the consensus estimate of ($1.34) by $0.25. The firm earned $481.04 million during the quarter, compared to analysts' expectations of $463.62 million. Okta had a negative trailing twelve-month return on equity of 13.61% and a negative net margin of 52.19%.

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

Okta issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of $0.09-$0.10 for the period, compared to the consensus EPS estimate of -$0.11. The company issued revenue guidance of $488.00 million-$490.00 million, compared to the consensus revenue estimate of $487.86 million.

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

302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company'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), Block (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 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 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.

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 retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Glynn Capital Management LLC (0.25%), Barton Investment Management (0.15%), Allspring Global Investments Holdings LLC (0.11%) and Gratus Capital LLC (0.07%). Insiders that own company 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
.

How do I buy shares of Okta?

Shares of OKTA stock 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 $77.47.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $12.41 billion and generates $1.73 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.78) on an earnings per share basis.

How many employees does Okta have?

The company 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
How can I contact Okta?

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

This page (NASDAQ:OKTA) was last updated on 2/6/2023 by MarketBeat.com Staff