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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:OKTA

Okta Stock Forecast, Price & News

$252.99
-6.12 (-2.36 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$251.52
Now: $252.99
$263.82
50-Day Range
$230.21
MA: $254.76
$285.60
52-Week Range
$88.66
Now: $252.99
$287.35
Volume1.18 million shs
Average Volume1.54 million shs
Market Capitalization$32.75 billion
P/E RatioN/A
Dividend YieldN/A
Beta1
Okta, Inc. provides identity management platforms 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; and 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. It also provides Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; 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; Advanced Server Access to secure cloud infrastructure; and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications. In addition, the company 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.
Okta logo

MarketRank

Overall MarketRank

1.18 out of 5 stars

Computer And Technology Sector

512th out of 1,259 stocks

Prepackaged Software Industry

115th out of 232 stocks

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871
Employees2,604

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$586.07 million
Book Value$5.31 per share

Profitability

Net Income$-208,910,000.00

Miscellaneous

Market Cap$32.75 billion
Next Earnings Date3/4/2021 (Estimated)
OptionableOptionable
$252.99
-6.12 (-2.36 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Okta (NASDAQ:OKTA) Frequently Asked Questions

How has Okta's stock price been impacted by COVID-19?

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OKTA shares have increased by 120.5% and is now trading at $252.99.
View which stocks have been most impacted by COVID-19
.

Is Okta a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Okta stock.
View analyst ratings for Okta
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Okta?

Wall Street analysts have given Okta a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Okta wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Okta
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) announced its quarterly earnings results on Tuesday, December, 1st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $217.40 million for the quarter, compared to the consensus estimate of $203.15 million. Okta had a negative net margin of 31.38% and a negative return on equity of 31.29%. The business's revenue was up 42.1% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share.
View Okta's earnings history
.

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

Okta updated its fourth quarter earnings guidance on Wednesday, December, 2nd. The company provided earnings per share (EPS) guidance of ($0.02)-($0.01) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $221-$222 million, compared to the consensus revenue estimate of $216.61 million.

What price target have analysts set for OKTA?

19 Wall Street analysts have issued twelve-month price objectives for Okta's shares. Their forecasts range from $144.00 to $313.00. On average, they anticipate Okta's stock price to reach $247.53 in the next year. This suggests that the stock has a possible downside of 2.2%.
View analysts' price targets for Okta
or view Wall Street analyst' top-rated stocks.

Who are some of Okta's key competitors?

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), The Trade Desk (TTD), Square (SQ), salesforce.com (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Who are Okta's key executives?

Okta's management team includes the following people:
  • Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 49, Pay $725.26k)
  • Mr. Jacques Frederic Kerrest, Co-Founder, Exec. Vice Chairperson & COO (Age 43, Pay $550.02k)
  • Mr. William E. Losch, Chief Financial Officer (Age 60, Pay $532.33k)
  • Mr. Jonathan T. Runyan, Gen. Counsel & Sec. (Age 44, Pay $474.92k)
  • Mr. Charles Race, Pres of Worldwide Field Operations (Age 49, Pay $645.5k)
  • Mr. Christopher K. Kramer, Chief Accounting Officer (Age 50)
  • Mr. Hector Aguilar, Pres of Technology
  • Ms. Alvina Antar, Sr. VP & Chief Information Officer
  • Dave Gennarelli, VP of Investor Relations
  • Mr. Ryan Carlson, Chief Marketing Officer

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.

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 Barton Investment Management (0.13%), Huntington National Bank (0.03%), Cullinan Associates Inc. (0.01%), Hamilton Lane Advisors LLC (0.01%), IFM Investors Pty Ltd (0.01%) and Kovack Advisors Inc. (0.01%). 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
.

Which institutional investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including Hamilton Lane Advisors LLC, Cullinan Associates Inc., Diversified Trust Co, Vigilare Wealth Management, and First American Bank. 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
or view top insider-selling stocks.

Which institutional investors are buying Okta stock?

OKTA stock was purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, NuWave Investment Management LLC, Barton Investment Management, Huntington National Bank, Sowell Financial Services LLC, IFM Investors Pty Ltd, Axel Capital Management LLC, and Kovack Advisors Inc..
View insider buying and selling activity for Okta
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $252.99.

How big of a company is Okta?

Okta has a market capitalization of $32.75 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 2,604 workers across the globe.

What is Okta's official website?

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

How can I contact Okta?

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]

This page was last updated on 1/17/2021 by MarketBeat.com Staff

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