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Okta - OKTA Stock Forecast, Price & News

$52.84
-1.34 (-2.47%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$52.75
$55.66
50-Day Range
$52.84
$107.22
52-Week Range
$52.75
$272.27
Volume
3.75 million shs
Average Volume
3.25 million shs
Market Capitalization
$8.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$115.04

Okta MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
117.7% Upside
$115.04 Price Target
Short Interest
Healthy
4.79% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
-0.03mentions of Okta in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$2.45 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.12) to ($4.61) Per Share

Overall MarketRank

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

2.48 out of 5 stars

Computer And Technology Sector

228th out of 629 stocks

Prepackaged Software Industry

63rd out of 226 stocks

OKTA stock logo

About Okta (NASDAQ:OKTA) Stock

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 and services, 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 applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

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OKTA Stock News Headlines

Moffett Nathanson Initiates Coverage on Okta (NASDAQ:OKTA)
Okta, Inc. (NASDAQ:OKTA) General Counsel Sells $186,662.77 in Stock
Okta (NASDAQ:OKTA) Releases FY 2023 Earnings Guidance
Okta (NASDAQ:OKTA) Issues FY 2023 Earnings Guidance
1 Significant Risk of Investing In Okta - Nasdaq
1 Significant Risk of Investing In Okta
Brokerages Set Okta, Inc. (NASDAQ:OKTA) Target Price at $110.00
Can Okta Make a Recovery?
3 Big Reasons Okta's Stock Recently Imploded
See More Headlines
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OKTA Company Calendar

Last Earnings
8/31/2022
Today
9/26/2022
Next Earnings (Estimated)
12/07/2022
Fiscal Year End
1/31/2023

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
$115.04
High Stock Price Forecast
$260.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+117.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
28 Analysts

Profitability

Net Income
$-848,410,000.00
Pretax Margin
-56.45%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Book Value
$37.81 per share

Miscellaneous

Free Float
146,799,000
Market Cap
$8.39 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Mr. Todd  McKinnonMr. Todd McKinnon (Age 50)
    Co-Founder, Chairman & CEO
    Comp: $508.63k
  • Mr. Jacques Frederic KerrestMr. Jacques Frederic Kerrest (Age 44)
    Co-Founder, Exec. Vice Chairperson & COO
    Comp: $543.39k
  • Mr. Jonathan T. RunyanMr. Jonathan T. Runyan (Age 45)
    Gen. Counsel & Sec.
    Comp: $526.32k
  • Mr. Michael R. KoureyMr. Michael R. Kourey (Age 62)
    Advisor
    Comp: $643.06k
  • Mr. Brett  TigheMr. Brett Tighe (Age 41)
    Chief Financial Officer
  • Mr. Shibu Ninan
    Chief Accounting Officer
  • Mr. Sagnik Nandy
    Pres of Technology & CTO
  • Ms. Alvina Y. Antar (Age 47)
    Sr. VP & Chief Information Officer
  • Dave Gennarelli
    VP of Investor Relations
  • Mr. Monty Gray
    Sr. VP of Corp. Devel.













OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 1 sell rating, 14 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares.
View OKTA analyst ratings
or view top-rated stocks.

What is Okta's stock price forecast for 2022?

28 analysts have issued 12 month price targets for Okta's stock. Their OKTA share price forecasts range from $65.00 to $260.00. On average, they predict the company's stock price to reach $115.04 in the next year. This suggests a possible upside of 116.8% 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 2022?

Okta's stock was trading at $224.17 at the start of the year. Since then, OKTA shares have decreased by 76.3% and is now trading at $53.06.
View the best growth stocks for 2022 here
.

When is Okta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our OKTA earnings forecast
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, August, 31st. The company reported ($1.19) EPS for the quarter, beating analysts' consensus estimates of ($1.41) by $0.22. The company had revenue of $435.38 million for the quarter, compared to analyst estimates of $430.66 million. Okta had a negative net margin of 57.21% and a negative trailing twelve-month return on equity of 13.18%. The company's revenue was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.35) EPS.

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

Okta updated its third quarter 2023 earnings guidance on Wednesday, September, 21st. The company provided EPS guidance of -$0.25--$0.24 for the period, compared to the consensus estimate of -$0.28. The company issued revenue guidance of $463.00 million-$465.00 million, compared to the consensus revenue estimate of $463.99 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 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.

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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.13%), Sands Capital Management LLC (1.68%), Deer Management Co. LLC (1.56%), Citadel Advisors LLC (0.00%), Renaissance Technologies LLC (0.68%) and Legal & General Group Plc (0.64%). 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 $53.06.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $8.43 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.90) 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 9/26/2022 by MarketBeat.com Staff

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