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Okta - OKTA Stock Forecast, Price & News

$69.21
-2.17 (-3.04%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$69.16
$74.00
50-Day Range
$47.97
$71.38
52-Week Range
$44.12
$203.79
Volume
2.32 million shs
Average Volume
2.60 million shs
Market Capitalization
$11.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$84.65

Okta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.51 Rating Score
Upside/​Downside
22.3% Upside
$84.65 Price Target
Short Interest
Healthy
3.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.43mentions of Okta in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$1.73 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.46) to ($3.62) Per Share

Overall MarketRank

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

2.41 out of 5 stars

Computer And Technology Sector

159th out of 630 stocks

Prepackaged Software Industry

50th out of 216 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

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Analysts Set Okta, Inc. (NASDAQ:OKTA) Price Target at $80.47
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
How Okta Stock Unlocked Its Potential
Bull of the Day: Okta (OKTA)
Scotiabank Initiates Coverage on Okta (NASDAQ:OKTA)
Okta: Integration Issues
Will Okta Stock Bounce Back in 2023?
Hackers Target Okta For Third Time In 2022
2 Reasons to Buy Okta and 1 Reason to Sell
Is Okta Stock a Buy Now?
Okta, Inc. (NASDAQ:OKTA) Q3 2023 Earnings Call Transcript
See More Headlines
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OKTA Company Calendar

Last Earnings
11/30/2022
Today
1/30/2023
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/01/2023

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
$84.65
High Stock Price Forecast
$260.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+22.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.51
Research Coverage
35 Analysts

Profitability

Net Income
$-848,410,000.00
Pretax Margin
-51.30%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Book Value
$37.81 per share

Miscellaneous

Free Float
148,009,000
Market Cap
$11.09 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Mr. Todd McKinnonMr. Todd McKinnon (Age 51)
    Co-Founder, Chairman & CEO
    Comp: $508.63k
  • Mr. Jacques Frederic KerrestMr. Jacques Frederic Kerrest (Age 45)
    Co-Founder, Exec. Vice Chairperson & COO (Leave of Absence)
    Comp: $543.39k
  • Mr. Brett TigheMr. Brett Tighe (Age 42)
    Chief Financial Officer
    Comp: $559.28k
  • Mr. Jonathan T. RunyanMr. Jonathan T. Runyan (Age 46)
    Gen. Counsel & Sec.
    Comp: $526.32k
  • Mr. Michael R. KoureyMr. Michael R. Kourey (Age 63)
    Advisor
    Comp: $643.06k
  • Ms. Susan St. Ledger (Age 58)
    Pres of Worldwide Field Operations
    Comp: $961.37k
  • Mr. Sagnik Nandy
    Pres & Chief Devel. Officer of Workforce Identity
  • Mr. Eugenio Pace
    Co-founder & Pres of Customer Identity
  • Mr. Shibu Ninan
    Chief Accounting Officer
  • Ms. Alvina Y. Antar (Age 48)
    Sr. VP & Chief Information Officer













OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 2 sell ratings, 13 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OKTA shares.
View OKTA analyst ratings
or view top-rated stocks.

What is Okta's stock price forecast for 2023?

35 Wall Street research analysts have issued twelve-month target prices for Okta's shares. Their OKTA share price forecasts range from $45.00 to $260.00. On average, they anticipate the company's stock price to reach $84.65 in the next year. This suggests a possible upside of 22.3% 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 2023?

Okta's stock was trading at $68.33 on January 1st, 2023. Since then, OKTA stock has increased by 1.3% and is now trading at $69.21.
View the best growth stocks for 2023 here
.

When is Okta's next earnings date?

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

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) announced its quarterly earnings results on Wednesday, November, 30th. The company reported ($1.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.34) by $0.25. The firm earned $481.04 million during the quarter, compared to analysts' expectations of $463.62 million. Okta had a negative net margin of 52.19% and a negative trailing twelve-month return on equity of 13.61%.

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

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

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 initial public offering (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.

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 retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Barton Investment Management (0.15%), Allspring Global Investments Holdings LLC (0.11%), Gratus Capital LLC (0.07%) and Stanley Laman Group Ltd. (0.07%). 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 $69.21.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $11.09 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.

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 1/30/2023 by MarketBeat.com Staff