NASDAQ:OKTAOkta Stock Price, Forecast & News

Okta's stock was trading at $114.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, OKTA stock has increased by 71.0% and is now trading at $196.18.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Okta.

Okta is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020.
View our earnings forecast for Okta.

Okta will be holding an earnings conference call on Thursday, August 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Okta Inc (NASDAQ:OKTA) issued its quarterly earnings results on Thursday, May, 28th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.10. The firm had revenue of $182.86 million for the quarter, compared to analysts' expectations of $171.57 million. Okta had a negative net margin of 33.34% and a negative return on equity of 44.99%. Okta's quarterly revenue was up 46.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share.
View Okta's earnings history.

Okta updated its FY21 earnings guidance on Thursday, May, 28th. The company provided EPS guidance of ($0.23)-($0.18) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.32). The company issued revenue guidance of $770-780 million, compared to the consensus revenue estimate of $772.26 million.

18 Wall Street analysts have issued 1-year price targets for Okta's shares. Their forecasts range from $140.00 to $230.00. On average, they anticipate Okta's share price to reach $184.72 in the next year. This suggests that the stock has a possible downside of 5.8%.
View analysts' price targets for Okta.

Press coverage about OKTA stock has trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Okta earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Okta.

Okta saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 8,050,000 shares, a drop of 12.8% from the December 31st total of 9,230,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is currently 5.4 days.
View Okta's Short Interest.

Some companies that are related to Okta include ServiceNow (NOW), Intuit (INTU), Activision Blizzard (ATVI), Square (SQ), VMware (VMW), Uber Technologies (UBER), Autodesk (ADSK), Dassault Systemes (DASTY), Electronic Arts (EA), Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Cadence Design Systems (CDNS) and Synopsys (SNPS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Trade Desk (TTD), Twilio (TWLO), Square (SQ), salesforce.com (CRM), Paypal (PYPL), Alibaba Group (BABA), Netflix (NFLX) and Advanced Micro Devices (AMD).

(OKTA) raised $154 million in an 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.

Okta trades on the NASDAQ under the ticker symbol "OKTA."

Okta's stock is owned by a number of institutional and retail investors. Top institutional investors include First Trust Advisors LP (1.73%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Bank of New York Mellon Corp (0.41%), Blair William & Co. IL (0.41%), Swiss National Bank (0.36%) and Macquarie Group Ltd. (0.29%). Company insiders that own Okta stock include Benjamin A Horowitz, Charles Race, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, L Michelle Wilson, Michael R Kourey, Patrick W Grady, Todd Mckinnon and William E Losch.
View institutional ownership trends for Okta.

OKTA stock was sold by a variety of institutional investors in the last quarter, including Hudson Bay Capital Management LP, Macquarie Group Ltd., First Trust Advisors LP, Zweig DiMenna Associates LLC, Victory Capital Management Inc., WINTON GROUP Ltd, Amalgamated Bank, and Glynn Capital Management LLC. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Charles Race, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, L Michelle Wilson, Michael R Kourey, Patrick W Grady, Todd Mckinnon, and William E Losch.
View insider buying and selling activity for Okta.

OKTA stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Columbus Circle Investors, Public Employees Retirement Association of Colorado, Stone Ridge Asset Management LLC, Trexquant Investment LP, Swiss National Bank, and Bank of New York Mellon Corp.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of OKTA stock can currently be purchased for approximately $196.18.

Okta has a market capitalization of $24.45 billion and generates $586.07 million in revenue each year. The company earns $-208,910,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis. Okta employs 1,561 workers across the globe.

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

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]