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NASDAQ:OKTA

Okta - OKTA Stock Forecast, Price & News

$107.39
+3.24 (+3.11%)
(As of 08/15/2022 03:04 PM ET)
Add
Compare
Today's Range
$102.80
$107.43
50-Day Range
$79.04
$107.22
52-Week Range
$77.01
$276.30
Volume
42,257 shs
Average Volume
2.72 million shs
Market Capitalization
$16.94 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$166.30

Okta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
56.5% Upside
$166.30 Price Target
Short Interest
Healthy
4.79% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.39mentions of Okta in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.32 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.56) to ($5.21) Per Share

Overall MarketRank

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

2.58 out of 5 stars

Computer And Technology Sector

171st out of 666 stocks

Prepackaged Software Industry

46th out of 229 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.

Okta Stock Up 1.6 %

Okta stock opened at $104.15 on Monday. Okta has a 1-year low of $77.01 and a 1-year high of $276.30. The business has a fifty day moving average price of $96.24 and a 200-day moving average price of $126.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of -16.30 and a beta of 1.05.

Okta (NASDAQ:OKTA - Get Rating) last issued its quarterly earnings results on Thursday, June 2nd. The company reported ($1.36) earnings per share for the quarter, topping the consensus estimate of ($1.37) by $0.01. Okta had a negative return on equity of 13.13% and a negative net margin of 67.06%. The business had revenue of $414.94 million during the quarter, compared to the consensus estimate of $388.77 million. During the same quarter last year, the company earned ($0.59) earnings per share. The company's quarterly revenue was up 65.3% on a year-over-year basis. Equities research analysts forecast that Okta will post -5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OKTA. Piper Sandler lowered their target price on shares of Okta from $150.00 to $130.00 in a research note on Wednesday, July 13th. BMO Capital Markets boosted their price objective on shares of Okta from $108.00 to $125.00 in a research report on Friday, June 3rd. Stephens started coverage on shares of Okta in a research report on Friday, June 3rd. They set a "buy" rating and a $145.00 target price on the stock. Summit Insights reiterated a "buy" rating on shares of Okta in a report on Thursday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Okta from $195.00 to $130.00 in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Okta has a consensus rating of "Moderate Buy" and a consensus price target of $166.30.

Insider Buying and Selling

In other Okta news, CAO Christopher K. Kramer sold 831 shares of the company's stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $79.97, for a total transaction of $66,455.07. Following the transaction, the chief accounting officer now owns 14,316 shares in the company, valued at approximately $1,144,850.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Okta news, CAO Christopher K. Kramer sold 831 shares of Okta stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $79.97, for a total transaction of $66,455.07. Following the completion of the sale, the chief accounting officer now owns 14,316 shares of the company's stock, valued at approximately $1,144,850.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ledger Susan St. sold 2,660 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $79.97, for a total value of $212,720.20. Following the completion of the transaction, the insider now directly owns 36,641 shares in the company, valued at $2,930,180.77. The disclosure for this sale can be found here. Insiders sold 16,442 shares of company stock worth $1,316,786 in the last three months. Corporate insiders own 7.60% of the company's stock.

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OKTA Stock News Headlines

Guggenheim Initiates Coverage on Okta (NASDAQ:OKTA)
DA Davidson Downgrades Okta (NASDAQ:OKTA) to Neutral
Want To Catch The Next Hot Investing Trend (Look Inside?)
While millennials are trying to get rich in crypto Ponzi schemes- there's something happening that Wall Street is TOTALLY ignoring. And it's about to affect every American Citizen over 55...
Why Okta Stock Popped Today
Want To Catch The Next Hot Investing Trend (Look Inside?)
While millennials are trying to get rich in crypto Ponzi schemes- there's something happening that Wall Street is TOTALLY ignoring. And it's about to affect every American Citizen over 55...
Okta (NASDAQ:OKTA) PT Lowered to $140.00
Citigroup Lowers Okta (NASDAQ:OKTA) Price Target to $115.00
Sanford C. Bernstein Initiates Coverage on Okta (NASDAQ:OKTA)
Okta Deadline Alert - Benzinga
See More Headlines
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OKTA Company Calendar

Last Earnings
6/02/2022
Today
8/15/2022
Next Earnings (Confirmed)
8/31/2022
Fiscal Year End
1/31/2023

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
$166.30
High Stock Price Forecast
$310.00
Low Stock Price Forecast
$89.00
Forecasted Upside/Downside
+54.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
27 Analysts

Profitability

Net Income
$-848,410,000.00
Pretax Margin
-67.02%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Book Value
$37.81 per share

Miscellaneous

Free Float
145,788,000
Market Cap
$16.94 billion
Optionable
Optionable
Beta
1.05

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OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 1 sell rating, 8 hold ratings and 18 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 2022?

27 brokerages have issued 12-month price targets for Okta's stock. Their OKTA share price forecasts range from $89.00 to $310.00. On average, they anticipate the company's stock price to reach $166.30 in the next year. This suggests a possible upside of 59.7% 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 2022?

Okta's stock was trading at $224.17 at the start of the year. Since then, OKTA stock has decreased by 53.5% and is now trading at $104.15.
View the best growth stocks for 2022 here
.

When is Okta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 31st 2022.
View our OKTA earnings forecast
.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Wednesday, August 31st 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) announced its quarterly earnings data on Thursday, June, 2nd. The company reported ($1.36) earnings per share for the quarter, beating the consensus estimate of ($1.37) by $0.01. The company had revenue of $414.94 million for the quarter, compared to analyst estimates of $388.77 million. Okta had a negative net margin of 67.06% and a negative trailing twelve-month return on equity of 13.13%. The firm's revenue was up 65.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.59) earnings per share.

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

Okta issued an update on its second quarter 2023 earnings guidance on Thursday, June, 30th. The company provided earnings per share guidance of -$0.32--$0.31 for the period, compared to the consensus earnings per share estimate of -$0.33. The company issued revenue guidance of $428.00 million-$430.00 million, compared to the consensus revenue estimate of $422.25 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 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.

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 Sands Capital Management LLC (1.68%), Renaissance Technologies LLC (0.68%), Northern Trust Corp (0.57%), Mirae Asset Global Investments Co. Ltd. (0.51%), Swiss National Bank (0.41%) and Sumitomo Mitsui Trust Holdings Inc. (0.31%). 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 $104.15.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $16.43 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($6.39) 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

When was Okta founded?

Okta was founded in 2009.

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 8/15/2022 by MarketBeat.com Staff

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