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 to manage and secure identities, 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 their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops. It also offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871
Debt
Debt-to-Equity Ratio1.04
Current Ratio3.13
Quick Ratio3.14
Price-To-Earnings
Trailing P/E Ratio-40.48
Forward P/E Ratio-44.88
P/E GrowthN/A
Sales & Book Value
Annual Sales$259.99 million
Price / Sales22.27
Cash FlowN/A
Price / CashN/A
Book Value$1.57 per share
Price / Book34.59
Profitability
EPS (Most Recent Fiscal Year)($1.37)
Net Income$-114,350,000.00
Net Margins-38.34%
Return on Equity-59.95%
Return on Assets-24.78%
Miscellaneous
EmployeesN/A
Outstanding Shares106,610,000
Market Cap$5.98 billion
Okta (NASDAQ:OKTA) Frequently Asked Questions
What is Okta's stock symbol?
Okta trades on the NASDAQ under the ticker symbol "OKTA."
How were Okta's earnings last quarter?
Okta Inc (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, June, 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.07. The firm earned $83.62 million during the quarter, compared to analysts' expectations of $78.81 million. Okta had a negative net margin of 38.34% and a negative return on equity of 59.95%. The business's revenue for the quarter was up 59.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.50) earnings per share. View Okta's Earnings History.
When is Okta's next earnings date?
What guidance has Okta issued on next quarter's earnings?
Okta updated its FY19 earnings guidance on Wednesday, June, 6th. The company provided earnings per share (EPS) guidance of $(0.58)-(0.54) for the period, compared to the Thomson Reuters consensus estimate of ($0.64). The company issued revenue guidance of $353-357 million, compared to the consensus revenue estimate of $347.10 million.Okta also updated its Q2 guidance to $(0.21)-(0.20) EPS.
What price target have analysts set for OKTA?
13 Wall Street analysts have issued 12-month target prices for Okta's shares. Their predictions range from $35.00 to $65.00. On average, they anticipate Okta's stock price to reach $57.2727 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price. View Analyst Price Targets for Okta.
What is the consensus analysts' recommendation for Okta?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Okta.
What are Wall Street analysts saying about Okta stock?
Here are some recent quotes from research analysts about Okta stock:
- 1. According to Zacks Investment Research, "Okta, Inc. is a provider of identity for the enterprise. The Company's product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States. " (7/18/2018)
- 2. Canaccord Genuity analysts commented, "We attended Okta’s annual customer conference, Oktane, along with almost 2,000 registered attendees and a couple dozen financial types at the analyst breakout session. We came away more convinced that this firm could become something very special over the next decade. While valuation dissuades us from rating Okta BUY at this point, we would likely change our mind if OKTA corrects to the low-$20 range perhaps in response to a market correction or lockup expiration." (8/30/2017)
Who are some of Okta's key competitors?
Some companies that are related to Okta include Check Point Software Technologies (CHKP), CA (CA), Shopify (SHOP), Splunk (SPLK), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), ANSYS (ANSS), Mobileye (MBBYF), Synopsys (SNPS), SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Dropbox (DBX), UBISOFT Entmt S/ADR (UBSFY), Veeva Systems (VEEV) and Symantec (SYMC).
Who are Okta's key executives?
Okta's management team includes the folowing people:
- Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 46)
- Mr. Jacques Frederic Kerrest, Co-Founder, COO & Director (Age 40)
- Mr. Charles Race, Pres of Worldwide Field Operations (Age 46)
- Mr. William E. Losch, Chief Financial Officer (Age 57)
When did Okta IPO?
(OKTA) raised $154 million in an initial public offering 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.
Has Okta been receiving favorable news coverage?
Media stories about OKTA stock have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Okta earned a coverage optimism score of 0.09 on Accern's scale. They also gave media stories about the company an impact score of 47.63 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Okta.
Who are Okta's major shareholders?
Okta's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (6.64%), BlackRock Inc. (3.57%), First Trust Advisors LP (2.14%), Gilder Gagnon Howe & Co. LLC (1.53%), Morgan Stanley (1.42%) and Glynn Capital Management LLC (1.10%). Company insiders that own Okta stock include Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla 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 Renaissance Technologies LLC, Millennium Management LLC, First Republic Investment Management Inc., Janus Henderson Group PLC, Eagle Asset Management Inc., Peregrine Capital Management LLC, Glynn Capital Management LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold Okta company stock in the last year include Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla and William E Losch. View Insider Buying and Selling for Okta.
Which institutional investors are buying Okta stock?
OKTA stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, FMR LLC, BlackRock Inc., Gilder Gagnon Howe & Co. LLC, Soros Fund Management LLC, Trustees of Princeton University, Zevenbergen Capital Investments LLC and Sandler Capital Management. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Okta's stock price today?
One share of OKTA stock can currently be purchased for approximately $54.76.
How big of a company is Okta?
Okta has a market capitalization of $5.98 billion and generates $259.99 million in revenue each year. The company earns $-114,350,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.
How can I contact Okta?
Okta's mailing address is 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA, 94107. The company can be reached via phone at 888-722-7871 or via email at [email protected]
MarketBeat Community Rating for Okta (NASDAQ OKTA)
MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote "Outperform" if you believe OKTA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.
