NASDAQ:OKTAOkta Stock Price, Forecast & News

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OKTA shares have increased by 57.4% and is now trading at $180.60. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 5 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 Wednesday, August 26th 2020. View our earnings forecast for Okta.

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

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

17 brokers have issued 1 year price targets for Okta's shares. Their forecasts range from $120.00 to $210.00. On average, they anticipate Okta's share price to reach $172.50 in the next year. This suggests that the stock has a possible downside of 4.5%. View analysts' price targets for Okta.

Headlines about OKTA stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing 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 nearest to five being the most favorable. Okta earned a news impact score of -2.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the next several days. View the latest news aboutOkta.

Some companies that are related to Okta include Shopify (SHOP), Intuit (INTU), ServiceNow (NOW), Uber Technologies (UBER), VMware (VMW), Activision Blizzard (ATVI), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Synopsys (SNPS), Twilio (TWLO) and Docusign (DOCU). View all competitors.

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), Alibaba Group (BABA), salesforce.com (CRM), Netflix (NFLX), Advanced Micro Devices (AMD) and Paypal (PYPL).

(OKTA) raised $154 million in an initial public offering 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 acted 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 shareholders include Morgan Stanley (8.97%), BlackRock Inc. (6.26%), First Trust Advisors LP (1.90%), State Street Corp (1.83%), Sands Capital Management LLC (1.49%) and Geode Capital Management LLC (1.04%). 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 Two Sigma Advisers LP, Janus Henderson Group PLC, Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Deutsche Bank AG, First Trust Advisors LP, and Korea Investment CORP. 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 1832 Asset Management L.P., 1832 Asset Management L.P., Franklin Resources Inc., Morgan Stanley, Advisor Group Holdings Inc., Fiera Capital Corp, Champlain Investment Partners LLC, and Public Employees Retirement Association of Colorado. 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 $180.60.

Okta has a market capitalization of $22.17 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]