NASDAQ:OKTA - Okta Stock Price, News, & Analysis

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$85.08 +0.32 (+0.38 %)
(As of 02/19/2019 04:00 PM ET)
Previous Close$84.76
Today's Range$84.22 - $85.16
52-Week Range$34.34 - $85.99
Volume1.04 million shs
Average Volume1.76 million shs
Market Capitalization$9.40 billion
P/E Ratio-62.05
Dividend YieldN/A
Beta1.25
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.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$259.99 million
Book Value$1.57 per share

Profitability

Net Income$-114,350,000.00

Miscellaneous

EmployeesN/A
Market Cap$9.40 billion
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 earnings results on Wednesday, December, 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.24. The business earned $105.58 million during the quarter, compared to analyst estimates of $96.81 million. Okta had a negative return on equity of 48.01% and a negative net margin of 33.02%. View Okta's Earnings History.

When is Okta's next earnings date?

Okta is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Okta.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Thursday, March 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8004584121.

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

Okta issued an update on its fourth quarter 2019 earnings guidance on Wednesday, December, 5th. The company provided earnings per share (EPS) guidance of $-0.09--0.08 for the period, compared to the Thomson Reuters consensus estimate of $-0.11. The company issued revenue guidance of $107-108 million, compared to the consensus revenue estimate of $99.87 million.Okta also updated its FY 2019 guidance to $-0.37--0.36 EPS.

What price target have analysts set for OKTA?

19 brokerages have issued 12-month target prices for Okta's stock. Their predictions range from $46.00 to $88.00. On average, they expect Okta's stock price to reach $72.9412 in the next year. This suggests that the stock has a possible downside of 14.3%. View Analyst Price Targets for Okta.

What is the consensus analysts' recommendation for Okta?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 3 hold ratings and 16 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. " (2/5/2019)
  • 2. Robert W. Baird analysts commented, "We maintain our Neutral rating and $65 price target on Okta after reporting very strong FQ3 results. We believe a first mover advantage, strong competitive positioning, and a growing awareness of the importance of identity in driving agility and security for cloud is and will continue to support a robust growth opportunity for Okta. However, trading at the high-end of secular SaaS peers, we believe the opportunity is captured in current valuation." (12/6/2018)
  • 3. Canaccord Genuity analysts commented, "We believe Okta is well positioned to scale to become a multi-billion-dollar revenue firm and if that is true, then it is very likely that the stock will nicely reward long-term investors. Meanwhile, our bet is that the stock is close to a short-term bottom after swooning almost 20% in 30 days, especially as investors realize Okta is likely to post a strong October quarter (FQ3) in early December. BUY." (10/10/2018)

Has Okta been receiving favorable news coverage?

Headlines about OKTA stock have trended somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Okta earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are some of Okta's key competitors?

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, CTO & Exec. VP of Engineering

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 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 a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.99%), First Trust Advisors LP (2.32%), Whale Rock Capital Management LLC (1.70%), Lord Abbett & CO. LLC (1.11%), Two Sigma Advisers LP (0.85%) and Geode Capital Management LLC (0.75%). 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 major investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Whale Rock Capital Management LLC, Two Sigma Investments LP, Peregrine Capital Management LLC, Essex Investment Management Co. LLC, Millennium Management LLC, Lord Abbett & CO. LLC and Los Angeles Capital Management & Equity Research Inc.. 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 major investors are buying Okta stock?

OKTA stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., 1832 Asset Management L.P., Victory Capital Management Inc., Bank of Montreal Can, Cavalry Management Group LLC, Massachusetts Financial Services Co. MA, Bank of Nova Scotia and MUFG Securities EMEA plc. 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 $85.08.

How big of a company is Okta?

Okta has a market capitalization of $9.40 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.

What is Okta's official website?

The official website for Okta is http://www.okta.com.

How can I contact Okta?

Okta's mailing address is 301 BRANNAN STREET, 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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  259 (Vote Outperform)
Underperform Votes:  178 (Vote Underperform)
Total Votes:  437
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.
This page was last updated on 2/19/2019 by MarketBeat.com Staff

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