Okta (OKTA) Stock Forecast, Price & News

Okta (NASDAQ:OKTA) Frequently Asked Questions

Is Okta a buy right now?

27 Wall Street 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 research analysts is that investors should "buy" Okta stock.
View analyst ratings for Okta or view top-rated stocks.

Are investors shorting Okta?

Okta saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,850,000 shares, an increase of 23.4% from the April 30th total of 5,550,000 shares. Based on an average daily volume of 2,960,000 shares, the days-to-cover ratio is presently 2.3 days.
View Okta's Short Interest.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, June 2nd 2022.
View our earnings forecast for Okta.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Thursday, June 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings data on Wednesday, March, 2nd. The company reported ($1.20) EPS for the quarter, topping the consensus estimate of ($1.27) by $0.07. The company earned $383.02 million during the quarter, compared to analyst estimates of $359.46 million. Okta had a negative trailing twelve-month return on equity of 13.61% and a negative net margin of 65.25%. During the same period last year, the business posted ($0.37) earnings per share.
View Okta's earnings history.

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

Okta issued an update on its FY 2023 earnings guidance on Wednesday, March, 30th. The company provided EPS guidance of $-1.270-$-1.240 for the period, compared to the consensus earnings per share estimate of $-0.490. The company issued revenue guidance of $1.78 billion-$1.79 billion, compared to the consensus revenue estimate of $1.75 billion.

What price target have analysts set for OKTA?

27 brokers have issued twelve-month price objectives for Okta's stock. Their forecasts range from $125.00 to $310.00. On average, they expect Okta's stock price to reach $218.52 in the next twelve months. This suggests a possible upside of 153.9% from the stock's current price.
View analysts' price targets for Okta or view top-rated stocks among Wall Street analysts.

Who are Okta's key executives?

Okta's management team includes the following people:

• Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 50, Pay $508.65k)
• Mr. Jacques Frederic Kerrest, Co-Founder, Exec. Vice Chairperson & COO (Age 44, Pay $832.13k)
• Mr. Jonathan T. Runyan, Gen. Counsel & Sec. (Age 45, Pay $501.15k)
• Mr. William E. Losch, Advisor (Age 61, Pay $565.44k)
• Mr. Michael R. Kourey, Advisor (Age 62, Pay $46.63k) (LinkedIn Profile)
• Mr. Charles Race, Exec. Officer (Age 50, Pay $699.84k) (LinkedIn Profile)
• Mr. Brett Tighe, Chief Financial Officer (Age 41) (LinkedIn Profile)
• Mr. Christopher K. Kramer, Chief Accounting Officer (Age 51) (LinkedIn Profile)
• Mr. Sagnik Nandy, Pres of Technology & CTO
• Ms. Alvina Antar, Sr. VP & Chief Information Officer

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 Square (SQ), Synopsys (SNPS), Shopify (SHOP), Autodesk (ADSK), Cadence Design Systems (CDNS), Snowflake (SNOW), Electronic Arts (EA), CrowdStrike (CRWD), Datadog (DDOG), Veeva Systems (VEEV), Atlassian (TEAM), ANSYS (ANSS), Twilio (TWLO), Cloudflare (NET) and Palantir Technologies (PLTR).
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 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 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, Robert L Dixon Jr, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch.
View institutional ownership trends for Okta.

Which institutional investors are selling Okta stock?

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 year include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Ledger Susan St, Robert L Dixon Jr, Todd Burrowes, and Todd Mckinnon.
View insider buying and selling activity for Okta or view top insider-selling stocks.

Which institutional investors are buying Okta stock?

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.
View insider buying and selling activity for Okta or or view top insider-buying stocks.

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 $86.06.

How much money does Okta make?

Okta has a market capitalization of $13.49 billion and generates $1.30 billion in revenue each year. The company earns $-848.41 million in net income (profit) each year or ($5.66) 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.

When was Okta founded?

Okta was founded in 2009.

What is Okta's official website?

The official website for Okta is www.okta.com.

How can I contact Okta?

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