NASDAQ:OKTA 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. $83.33 +1.08 (+1.31%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$81.79▼$83.7450-Day Range$67.67▼$85.9652-Week Range$44.12▼$161.61Volume1.78 million shsAverage Volume2.71 million shsMarket Capitalization$18.92 billionP/E RatioN/ADividend YieldN/APrice Target$85.32 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside2.4% Upside$85.32 Price TargetShort InterestHealthy2.33% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.24Based on 4 Articles This WeekInsider TradingSelling Shares$526,343 Sold Last QuarterProj. Earnings GrowthDecreasingFrom ($3.08) to ($3.09) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.03 out of 5 starsComputer And Technology Sector452nd out of 614 stocksPrepackaged Software Industry157th out of 213 stocks 2.3 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 23 buy ratings, 11 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $85.32, Okta has a forecasted upside of 2.4% from its current price of $83.33.Amount of Analyst CoverageOkta has been the subject of 24 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.33% 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 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 8.46%, 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 3.7 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 2.4 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.24. 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 is a lower news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Okta this week, compared to 10 articles on an average week.Search Interest137 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.MarketBeat Follows27 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 108% 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 $526,343.00 in company stock.Percentage Held by InsidersOnly 7.60% of the stock of Okta is held by insiders.Percentage Held by Institutions73.02% 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 0.0 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to decrease in the coming year, from ($3.08) to ($3.09) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -16.12, 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 -16.12, 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 3.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Okta (NASDAQ:OKTA) StockOkta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.Read More 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 OKTA Stock News HeadlinesMarch 20, 2023 | americanbankingnews.comInsider Selling: Okta, Inc. (NASDAQ:OKTA) Director Sells $34,889.04 in StockMarch 20, 2023 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon Sells 3,117 SharesMarch 28, 2023 | Tradewins (Ad)Modern Day Options Trading For Beginners!These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. March 20, 2023 | americanbankingnews.comWestpark Capital Begins Coverage on Okta (NASDAQ:OKTA)March 19, 2023 | americanbankingnews.comShibu Ninan Sells 197 Shares of Okta, Inc. (NASDAQ:OKTA) StockMarch 19, 2023 | americanbankingnews.comLarissa Schwartz Sells 452 Shares of Okta, Inc. (NASDAQ:OKTA) StockMarch 17, 2023 | finance.yahoo.comCompanies looking ‘beyond obvious use cases’ for AI will have the advantage: Okta CEOMarch 17, 2023 | finance.yahoo.com3 Powerhouse Stocks to Buy Now That Are Ready for Bull RunsMarch 28, 2023 | Tradewins (Ad)Modern Day Options Trading For Beginners!These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. March 17, 2023 | finance.yahoo.comBetter Buy: Zoom vs. OktaMarch 14, 2023 | markets.businessinsider.comBank of America Securities Reaffirms Their Sell Rating on Okta (OKTA)March 13, 2023 | finance.yahoo.com2 Growth Stocks That Billionaires Are Buying Hand Over Fist in a Nasdaq Bear MarketMarch 12, 2023 | finance.yahoo.comA Bull Market Is Coming: 5 Supercharged Growth Stocks I Just Bought and Plan to Hold ForeverMarch 10, 2023 | finance.yahoo.comOkta Stock Has Been on a Tear. Why There’s Still Time to Buy.March 8, 2023 | finance.yahoo.comWhy Okta (OKTA) Might be Well Poised for a SurgeMarch 8, 2023 | finance.yahoo.com30 Biggest SaaS Companies in the World in 2023March 8, 2023 | fool.comIs It Too Late to Buy Okta Stock?March 6, 2023 | seekingalpha.comOkta: Outstanding Execution And Undervalued IntrinsicallyMarch 6, 2023 | finance.yahoo.comOkta Stock Scores Rising Relative Price Strength RatingMarch 3, 2023 | finance.yahoo.com3 Hot Tech Stocks Investors Can Buy Now at Better ValuationsMarch 3, 2023 | finance.yahoo.comOkta Full Year 2023 Earnings: Revenues Beat Expectations, EPS In LineMarch 2, 2023 | finance.yahoo.comUS Markets Pick Up Steam in the Afternoon and Post GainsMarch 2, 2023 | wsj.comOkta Is on Safer Ground NowMarch 2, 2023 | investorplace.comOKTA Stock Alert: What to Know as Cowen Upgrades Okta SharesMarch 2, 2023 | seekingalpha.comOkta Earnings: A Quarter Full Of Nuance, What You Must KnowMarch 2, 2023 | finance.yahoo.comOkta Stock Climbs on Strong Earnings. Demand for Security Stays Strong.March 2, 2023 | finance.yahoo.comOkta Soars on Earnings: How to Trade the SharesSee More Headlines 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 OKTA Company Calendar Last Earnings3/01/2023Today3/28/2023Next Earnings (Estimated)6/01/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, 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/AEmployees6,013Year Founded2009Price Target and Rating Average Stock Price Forecast$85.32 High Stock Price Forecast$120.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+2.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage38 Analysts Profitability EPS (Most Recent Fiscal Year)($5.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-815,000,000.00 Net Margins-43.87% Pretax Margin-43.11% Return on Equity-12.53% Return on Assets-7.48% Debt Debt-to-Equity Ratio0.40 Current Ratio2.20 Quick Ratio2.20 Sales & Book Value Annual Sales$1.86 billion Price / Sales10.18 Cash FlowN/A Price / Cash FlowN/A Book Value$24.08 per share Price / Book3.46Miscellaneous Outstanding Shares226,990,000Free Float209,736,000Market Cap$18.92 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesTodd McKinnonChairman & Chief Executive OfficerJ. Frederic KerrestExecutive Vice Chairman & Chief Operating OfficerBrett TigheChief Financial OfficerAlvina Y. AntarChief Information Officer & Senior Vice PresidentSagnik NandyChief Technology Officer & President-TechnologyKey CompetitorsCloudflareNYSE:NETHubSpotNYSE:HUBSDatadogNASDAQ:DDOGPaycom SoftwareNYSE:PAYCCheck Point Software TechnologiesNASDAQ:CHKPView All CompetitorsInsiders & InstitutionsETF Managers Group LLCBought 18,735 shares on 3/23/2023Ownership: 0.363%Brett TigheSold 2,184 sharesTotal: $180,136.32 ($82.48/share)Todd MckinnonSold 3,117 sharesTotal: $257,090.16 ($82.48/share)Larissa SchwartzSold 452 sharesTotal: $37,280.96 ($82.48/share)Jacques Frederic KerrestSold 423 sharesTotal: $34,889.04 ($82.48/share)View All Insider TransactionsView All Institutional Transactions OKTA Stock - Frequently Asked Questions Should I buy or sell Okta stock right now? 38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 4 sell ratings, 11 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research 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? 38 analysts have issued 1 year price targets for Okta's stock. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they predict the company's share price to reach $85.32 in the next year. This suggests a possible upside of 2.4% 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 at the start of the year. Since then, OKTA shares have increased by 22.0% and is now trading at $83.33. 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 Thursday, June 1st 2023. View our OKTA earnings forecast. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) issued its earnings results on Wednesday, March, 1st. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.81) by $0.11. The company earned $510 million during the quarter, compared to the consensus estimate of $488.99 million. Okta had a negative trailing twelve-month return on equity of 12.53% and a negative net margin of 43.87%. What ETFs hold Okta's stock? ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Global X Cybersecurity ETF (BUG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), iShares Cybersecurity and Tech ETF (IHAK), WisdomTree Cybersecurity Fund (WCBR), ETFMG Prime Cyber Security ETF (HACK), ERShares Entrepreneurs ETF (ENTR), First Trust NASDAQ Cybersecurity ETF (CIBR) and Sterling Capital Focus Equity ETF (LCG). What guidance has Okta issued on next quarter's earnings? Okta issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of $0.11-$0.12 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $509.00 million-$511.00 million, compared to the consensus revenue estimate of $497.94 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 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." Who are Okta's major shareholders? Okta's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sands Capital Management LLC (3.94%), First Trust Advisors LP (2.41%), Deer Management Co. LLC (1.61%), Geode Capital Management LLC (1.30%), Soma Equity Partners LP (1.01%) and Norges Bank (0.91%). 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, Larissa Schwartz, Ledger Susan St, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, Shibu Ninan, 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 $83.33. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $18.92 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($5.17) on an earnings per share basis. How many employees does Okta have? The company employs 6,013 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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. 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