Most-Downgraded Stocks 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. $76.34 -1.13 (-1.46%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$75.71▼$79.0050-Day Range$51.25▼$81.2752-Week Range$44.12▼$203.79Volume1.61 million shsAverage Volume2.76 million shsMarket Capitalization$12.23 billionP/E RatioN/ADividend YieldN/APrice Target$83.76 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingModerate Buy2.54 Rating ScoreUpside/Downside9.7% Upside$83.76 Price TargetShort InterestHealthy3.22% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.23Based on 19 Articles This WeekInsider TradingSelling Shares$805,573 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($4.46) to ($3.62) 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.2.22 out of 5 starsComputer And Technology Sector237th out of 611 stocksPrepackaged Software Industry73rd out of 216 stocks 2.3 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 21 buy ratings, 12 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $83.76, Okta has a forecasted upside of 9.7% from its current price of $76.34.Amount of Analyst CoverageOkta has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.22% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 12.69%, 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 2.9 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.23. 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 0.46 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Okta this week, compared to 11 articles on an average week.Search Interest73 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 87% compared to the previous 30 days.MarketBeat Follows20 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 82% 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 $805,573.00 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($4.46) to ($3.62) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -13.21, 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 -13.21, 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 2.02. 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 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 HeadlinesFebruary 6, 2023 | americanbankingnews.comRoyal Bank of Canada Raises Okta (NASDAQ:OKTA) Price Target to $95.00February 6, 2023 | americanbankingnews.comJMP Securities Reaffirms Market Outperform Rating for Okta (NASDAQ:OKTA)February 7, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…February 4, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Sees Unusually-High Trading VolumeFebruary 2, 2023 | finance.yahoo.comOkta stock jumps toward 5-month high after plan to lay off 300 employeesFebruary 2, 2023 | finance.yahoo.comOkta to Cut 300 Jobs Citing Overhiring, ‘Execution Challenges’February 2, 2023 | finance.yahoo.comOkta CEO says layoffs were ‘the last thing I wanted to do’ as company cuts 300 jobsFebruary 2, 2023 | finance.yahoo.comOkta Stock Surges on Plan to Cut Jobs, Plus a New Buy RecommendationFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...February 2, 2023 | finance.yahoo.comOkta to Lay Off 5% of Staff After Pandemic Hiring SpreeFebruary 2, 2023 | investorplace.comOkta Layoffs 2023: What to Know About the Latest OKTA Job CutsFebruary 2, 2023 | marketwatch.com: Okta CEO says layoffs were ‘the last thing I wanted to do’ as company cuts 300 jobsFebruary 2, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) Lifted to "Buy" at Needham & Company LLCFebruary 1, 2023 | finance.yahoo.comOkta to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 1, 2023February 1, 2023 | americanbankingnews.comStifel Nicolaus Upgrades Okta (NASDAQ:OKTA) to "Buy"January 30, 2023 | finance.yahoo.comOkta Stock Gets Upgraded to Buy. Analyst Predicts Big Profits Ahead.January 30, 2023 | finance.yahoo.comOkta stock is a buy because software company has ‘generally happy customers,’ analyst saysJanuary 30, 2023 | marketwatch.com: Okta stock price target raised 50% to $60 at Stifel NicolausJanuary 29, 2023 | finance.yahoo.comInvestors ignore increasing losses at Okta (NASDAQ:OKTA) as stock jumps 3.9% this past weekJanuary 27, 2023 | finance.yahoo.comJ.P. Morgan Says Now Could Be a Good Time to Buy Cybersecurity Stocks; Here Are 2 Names With Promising Growth PotentialJanuary 27, 2023 | finance.yahoo.com3 Stocks to Buy Now to Capitalize on the Eventual Market ReboundJanuary 25, 2023 | seekingalpha.comHow Okta Stock Unlocked Its PotentialJanuary 20, 2023 | finance.yahoo.comBull of the Day: Okta (OKTA)January 17, 2023 | finance.yahoo.comSoftware is Still "Eating the World": 3 Top-Ranked Stocks to Keep on Your RadarJanuary 16, 2023 | seekingalpha.comOkta: Integration IssuesJanuary 13, 2023 | finance.yahoo.comOkta Shows Clear Progress, But This Analyst Remains On The Sidelines Citing No Clear Catalyst For Improved ValuationJanuary 4, 2023 | finance.yahoo.comOkta's Charts Look Better, but Here's What I'd Really Like to See From the StockSee 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 Earnings11/30/2022Today2/06/2023Next Earnings (Confirmed)3/01/2023Fiscal 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/AEmployees5,030Year Founded2009Price Target and Rating Average Stock Price Forecast$83.76 High Stock Price Forecast$260.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+9.7%Consensus RatingModerate Buy Rating Score (0-4)2.54 Research Coverage35 Analysts Profitability EPS (Most Recent Fiscal Year)($5.78) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-848,410,000.00 Net Margins-52.19% Pretax Margin-51.30% Return on Equity-13.61% Return on Assets-8.32% Debt Debt-to-Equity Ratio0.41 Current Ratio2.30 Quick Ratio2.30 Sales & Book Value Annual Sales$1.30 billion Price / Sales9.40 Cash FlowN/A Price / Cash FlowN/A Book Value$37.81 per share Price / Book2.02Miscellaneous Outstanding Shares160,180,000Free Float148,009,000Market Cap$12.23 billion OptionableOptionable Beta1.03 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 CompetitorsPaylocityNASDAQ:PCTYBill.comNYSE:BILLDynatraceNYSE:DTCeridian HCMNYSE:CDAYTwilioNYSE:TWLOView All CompetitorsInsiders & InstitutionsParallel Advisors LLCSold 371 shares on 2/6/2023Ownership: 0.175%Asset Management One Co. Ltd.Bought 20,782 shares on 2/6/2023Ownership: 0.082%Ieq Capital LLCSold 3,042 shares on 2/6/2023Ownership: 0.023%Y.D. More Investments LtdBought 19,335 shares on 2/6/2023Ownership: 0.012%Harvest Fund Management Co. LtdBought 1,165 shares on 2/6/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions OKTA Stock - Frequently Asked Questions Should I buy or sell Okta stock right now? 35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street 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? 35 Wall Street analysts have issued 1-year price objectives 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 $83.76 in the next twelve months. This suggests a possible upside of 9.7% 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 beginning of 2023. Since then, OKTA stock has increased by 11.7% and is now trading at $76.34. 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 can I listen to Okta's earnings call? Okta will be holding an earnings conference call on Wednesday, March 1st 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) released its quarterly earnings results on Wednesday, November, 30th. The company reported ($1.09) EPS for the quarter, topping the consensus estimate of ($1.34) by $0.25. The company earned $481.04 million during the quarter, compared to the consensus estimate 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 updated its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of $0.09-$0.10 for the period, compared to the consensus 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 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 many different institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Glynn Capital Management LLC (0.25%), Parallel Advisors LLC (0.17%), Barton Investment Management (0.15%) and Allspring Global Investments Holdings LLC (0.11%). 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 $76.34. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $12.23 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 2/7/2023 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. 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. 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