Okta Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 7 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Okta stock.
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27 Wall Street analysts have issued twelve-month price targets for Okta's stock. Their OKTA stock forecasts range from $115.00 to $310.00. On average, they anticipate Okta's share price to reach $176.81 in the next twelve months. This suggests a possible upside of 89.4% from the stock's current price.
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Okta's stock was trading at $224.17 at the beginning of the year. Since then, OKTA stock has decreased by 58.4% and is now trading at $93.36.
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Okta is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
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Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings data on Thursday, June, 2nd. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.07. The firm had revenue of $414.94 million for the quarter, compared to the consensus estimate of $388.77 million. Okta had a negative net margin of 67.06% and a negative trailing twelve-month return on equity of 13.13%. The company's quarterly revenue was up 65.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.59) EPS.
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Okta updated its second quarter 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of -$0.32--$0.31 for the period, compared to the consensus EPS estimate of -$0.33. The company issued revenue guidance of $428.00 million-$430.00 million, compared to the consensus revenue estimate of $422.25 million.

302 employees have rated Okta CEO Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among Okta's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Okta include Dassault Systèmes (DASTY), VMware (VMW), Synopsys (SNPS), Snowflake (SNOW), Cadence Design Systems (CDNS), CrowdStrike (CRWD), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Datadog (DDOG), Veeva Systems (VEEV), Atlassian (TEAM), ANSYS (ANSS), MongoDB (MDB) and Palantir Technologies (PLTR).
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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), Square (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 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.

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

Okta's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.62%), Capital Research Global Investors (1.80%), Sands Capital Management LLC (1.68%), Deer Management Co. LLC (1.66%), First Trust Advisors LP (1.48%) and Jennison Associates LLC (1.15%). Company insiders that own Okta 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.
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OKTA stock was sold by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Capital International Investors, Jennison Associates LLC, American Century Companies Inc., SQN Investors LP, Growth Interface Management LLC, Nomura Holdings Inc., and Blair William & Co. IL. Company insiders that have sold Okta company stock in the last two years include Benjamin A Horowitz, Brett Tighe, Charles Race, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, L Michelle Wilson, Ledger Susan St, Michael R Kourey, Robert L Dixon Jr, Todd Burrowes, Todd Mckinnon, and William E Losch.
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OKTA stock was purchased by a variety of institutional investors in the last quarter, including Steadfast Capital Management LP, Renaissance Technologies LLC, Vanguard Group Inc., Champlain Investment Partners LLC, HPC Germany GmbH & Co. KG, Neuberger Berman Group LLC, Swiss National Bank, and Qube Research & Technologies Ltd.
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Shares of OKTA 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.
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One share of OKTA stock can currently be purchased for approximately $93.36.

Okta (NASDAQ:OKTA) has a market capitalization of $14.73 billion and generates $1.30 billion in revenue each year. The company earns $-848.41 million in net income (profit) each year or ($6.39) on an earnings per share basis.

Okta employs 5,030 workers across the globe.

Okta was founded in 2009.

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