NASDAQ:OKTA Okta Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Okta, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $95.98 +5.58 (+6.17%) (As of 07/1/2022 12:00 AM ET) Add Compare Share Today's Range$88.54▼$96.2750-Day Range$78.77▼$138.4052-Week Range$77.01▼$276.30Volume2.42 million shsAverage Volume3.82 million shsMarket Capitalization$15.14 billionP/E RatioN/ADividend YieldN/APrice Target$176.81 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingModerate Buy2.74 Rating ScoreUpside/Downside84.2% Upside$176.81 Price TargetShort InterestHealthy4.01% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.60Based on 14 Articles This WeekInsider TradingSelling Shares$1.33 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($5.57) to ($5.21) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.38 out of 5 starsComputer And Technology Sector105th out of 936 stocksPrepackaged Software Industry25th out of 302 stocks 4.4 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 20 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $176.81, Okta has a forecasted upside of 84.2% from its current price of $95.98.Amount of Analyst CoverageOkta has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.01% of the outstanding shares of Okta have been sold short.Short Interest Ratio / Days to CoverOkta has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 11.59%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOkta has received a 47.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is false driven by its "Identity management software", "Network security software", and "Cloud security software" products. See details.Environmental SustainabilityThe Environmental Impact score for Okta is -0.60. Previous Next 2.0 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Okta this week, compared to 11 articles on an average week.Search InterestOnly 89 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 22 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -52% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,328,627.00 in company stock.Percentage Held by InsidersOnly 7.60% of the stock of Okta is held by insiders.Percentage Held by Institutions76.18% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($5.57) to ($5.21) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -15.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Okta is -15.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address About Okta (NASDAQ:OKTA) StockOkta, 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.Read More OKTA Stock News HeadlinesJune 22, 2022 | marketbeat.comFirefighters battle wildfire near Turkish resort of MarmarisFirefighters aided by planes and helicopters are battling a wildfire that broke out near a resort in southwestern TurkeyJune 3, 2022 | marketbeat.comOkta On Verge Of Multi-Week RallyAfter a vicious selloff that saw shares of identity software company Okta (NASDAQ: OKTA) fall 70% from last November through last month, they’re finally looking like they’re ready to turn around.July 3, 2022 | bloomberg.comLAWSUITS FILED AGAINST NFLX, PEGA and OKTA - Jakubowitz Law Pursues Shareholders Claims - BloombergJuly 2, 2022 | americanbankingnews.comOkta (NASDAQ:OKTA) Releases FY 2023 Earnings GuidanceJune 30, 2022 | benzinga.comROSEN, A LEADING LAW FIRM, Encourages Okta, Inc. Investors With Losses to Secure Counsel Before Important - BenzingaJune 30, 2022 | businessinsider.comHow Okta uses workplace and employee data to reimagine the office - Business InsiderJune 30, 2022 | americanbankingnews.comOkta (NASDAQ:OKTA) Issues Q2 2023 Earnings GuidanceJune 29, 2022 | benzinga.comOKTA INC. (NASDAQ: OKTA) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the - BenzingaJune 27, 2022 | finance.yahoo.com3 No-Brainer Stocks I'd Buy Right NowJune 26, 2022 | benzinga.comTOP RANKED ROSEN LAW FIRM Encourages Okta, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - OKTAJune 26, 2022 | businessinsider.comI'm leading Okta's shift to remote work. Here's what the role entails and my advice for how companies can successfully manage the transition.June 24, 2022 | nasdaq.comFirst Week of OKTA August 5th Options Trading - NasdaqJune 24, 2022 | benzinga.comOkta Earnings Perspective: Return On Capital Employed - Benzinga - BenzingaJune 23, 2022 | forbes.comOkta Gives Back With Launch Of Nonprofit Cybersecurity Portfolio - ForbesJune 23, 2022 | businesswire.comOkta for Good Launches New Grant Portfolio to Improve Cybersecurity for Nonprofits - Business WireJune 23, 2022 | finance.yahoo.comOkta for Good Launches New Grant Portfolio to Improve Cybersecurity for NonprofitsJune 23, 2022 | americanbankingnews.comOkta (NASDAQ:OKTA) Updates FY 2023 Earnings GuidanceJune 23, 2022 | benzinga.comOKTA Investors Have Opportunity to Lead Okta, Inc. Securities Fraud Lawsuit - Benzinga - BenzingaJune 22, 2022 | apnews.comUPDATE - Carahsoft Announces Okta and LexisNexis Risk Solutions Alliance to Fight Cyber FraudJune 22, 2022 | msn.comOkta says Lapsus$ incident was actually a brilliant zero trust demonstrationJune 22, 2022 | globenewswire.comUPDATE - Carahsoft Announces Okta and LexisNexis Risk Solutions Alliance to Fight Cyber Fraud - GlobeNewswireJune 21, 2022 | streetinsider.comUPDATE - Carahsoft Announces Okta and LexisNexis Risk Solutions Alliance to Fight Cyber Fraud - StreetInsider.comJune 21, 2022 | globenewswire.comCarahsoft Announces Okta and LexisNexis Risk Solutions Alliance to Fight Cyber Fraud - GlobeNewswireJune 20, 2022 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) General Counsel Sells $234,552.01 in StockJune 20, 2022 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) CFO Sells $472,862.61 in StockSee More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,030Year Founded2009Company Calendar Last Earnings6/02/2022Today7/03/2022Next Earnings (Estimated)9/07/2022Fiscal Year End1/31/2023Price Target and Rating Average Stock Price Forecast$176.81 High Stock Price Forecast$310.00 Low Stock Price Forecast$115.00 Forecasted Upside/Downside+84.2%Consensus RatingModerate Buy Rating Score (0-4)2.74074074074074 Research Coverage26 Analysts Profitability EPS (Most Recent Fiscal Year)($6.39) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-848.41 million Net Margins-67.06% Pretax Margin-67.02% Return on Equity-13.13% Return on Assets-8.50% Debt Debt-to-Equity Ratio0.40 Current Ratio2.45 Quick Ratio2.45 Sales & Book Value Annual Sales$1.30 billion Price / Sales11.65 Cash FlowN/A Price / Cash FlowN/A Book Value$34.69 per share Price / Book2.77Miscellaneous Outstanding Shares157,780,000Free Float145,788,000Market Cap$15.14 billion OptionableOptionable Beta1.06 Social Links Okta Frequently Asked Questions Should I buy or sell Okta stock right now? 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Okta stock. View analyst ratings for Okta or view top-rated stocks. What is Okta's stock price forecast for 2022? 26 analysts have issued 12-month price targets for Okta's stock. Their OKTA stock forecasts range from $115.00 to $310.00. On average, they expect Okta's stock price to reach $176.81 in the next twelve months. This suggests a possible upside of 84.2% from the stock's current price. View analysts' price targets for Okta or view top-rated stocks among Wall Street analysts. How has Okta's stock performed in 2022? Okta's stock was trading at $224.17 at the beginning of 2022. Since then, OKTA stock has decreased by 57.2% and is now trading at $95.98. View the best growth stocks for 2022 here. When is Okta's next earnings date? Okta is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022. View our earnings forecast for Okta. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Thursday, June, 2nd. The company reported ($1.36) EPS for the quarter, beating the consensus estimate of ($1.37) by $0.01. The firm had revenue of $414.94 million for the quarter, compared to the consensus estimate of $388.77 million. Okta had a negative trailing twelve-month return on equity of 13.13% and a negative net margin of 67.06%. Okta's revenue was up 65.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.59) earnings per share. View Okta's earnings history. What guidance has Okta issued on next quarter's earnings? Okta updated its second quarter 2023 earnings guidance on Thursday, June, 30th. The company provided earnings per share (EPS) guidance of -$0.32--$0.31 for the period, compared to the consensus 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. Who are Okta's key executives? Okta's management team includes the following people: Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 50, Pay $508.63k)Mr. Jacques Frederic Kerrest, Co-Founder, Exec. Vice Chairperson & COO (Age 44, Pay $543.39k)Mr. Brett Tighe, Chief Financial Officer (Age 41, Pay $559.28k) (LinkedIn Profile)Mr. Jonathan T. Runyan, Gen. Counsel & Sec. (Age 45, Pay $526.32k)Mr. William E. Losch, Advisor (Age 61, Pay $3.37M)Mr. Michael R. Kourey, Advisor (Age 62, Pay $643.06k) (LinkedIn Profile)Mr. Charles Race, Exec. Officer (Age 50, Pay $699.84k) (LinkedIn Profile)Ms. Susan St. Ledger, Pres of Worldwide Field Operations (Age 57, Pay $961.37k)Mr. Christopher K. Kramer, Chief Accounting Officer (Age 51) (LinkedIn Profile)Mr. Sagnik Nandy, Pres of Technology & CTO What is Todd McKinnon's approval rating as Okta's CEO? 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. Who are some of Okta's key competitors? Some companies that are related to Okta include Dassault Systèmes (DASTY), VMware (VMW), Synopsys (SNPS), Snowflake (SNOW), CrowdStrike (CRWD), Cadence Design Systems (CDNS), Shopify (SHOP), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Datadog (DDOG), Veeva Systems (VEEV), Atlassian (TEAM), ANSYS (ANSS) and Roblox (RBLX). View all of OKTA's competitors. 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), Square (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 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." 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 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 $95.98. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $15.14 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. How many employees does Okta have? Okta 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 When was Okta founded? Okta was founded in 2009. How can I contact Okta? 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 investor@okta.com. This page (NASDAQ:OKTA) was last updated on 7/3/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. MarketBeat Resources Premium Research Tools MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Discover All Access Market Data and Calendars Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free. View Market Data Investing Education and Resources Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Financial Terms Details Here
