Okta - OKTA Stock Forecast, Price & News

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.

35 brokerages have issued twelve-month price objectives for Okta's stock. 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 twelve months. This suggests a possible upside of 10.3% from the stock's current price.
View analysts price targets for OKTA or view top-rated stocks among Wall Street analysts.

Okta's stock was trading at $68.33 at the beginning of the year. Since then, OKTA shares have increased by 11.1% and is now trading at $75.91.
View the best growth stocks for 2023 here.

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

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.

Okta, Inc. (NASDAQ:OKTA) released its earnings results on Wednesday, November, 30th. The company reported ($1.09) EPS for the quarter, beating analysts' consensus estimates of ($1.34) by $0.25. The firm earned $481.04 million during the quarter, compared to the consensus estimate 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%.

Okta issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share guidance of $0.09-$0.10 for the period, compared to the consensus 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.

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.

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).

(OKTA) raised $154 million in an 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 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.

Okta trades on the NASDAQ under the ticker symbol "OKTA."

Okta's stock is owned by a number of retail and institutional investors. Top institutional investors include Swiss National Bank (0.38%), Assenagon Asset Management S.A. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Glynn Capital Management LLC (0.25%), Parallel Advisors LLC (0.17%) and California Public Employees Retirement System (0.17%). 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.

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.

One share of OKTA stock can currently be purchased for approximately $75.91.

Okta (NASDAQ:OKTA) has a market capitalization of $12.16 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.78) on an earnings per share basis.

The company employs 5,030 workers across the globe.

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.