NASDAQ:OKTAOkta Stock Price, Forecast & News

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 73.3% and is now trading at $198.86.
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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 data on Thursday, May, 28th. The company reported ($0.07) EPS for the quarter, beating the Zacks' 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%. The business's revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share.
View Okta's earnings history.

Okta updated 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.

18 brokers have issued 12-month price objectives for Okta's stock. Their forecasts range from $140.00 to $230.00. On average, they expect Okta's stock price to reach $184.72 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts' price targets for Okta.

Media coverage about OKTA stock has been trending negative on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -2.7 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Okta.

Okta saw a decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,980,000 shares, a decline of 14.4% from the May 14th total of 8,150,000 shares. Based on an average trading volume of 2,170,000 shares, the short-interest ratio is currently 3.2 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 a price of $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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.89%), FMR LLC (7.64%), First Trust Advisors LP (1.73%), Gilder Gagnon Howe & Co. LLC (1.30%), FIL Ltd (1.22%) and Bank of America Corp DE (0.50%). 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 FMR LLC, Hudson Bay Capital Management LP, Advisor Group Holdings Inc., Macquarie Group Ltd., First Trust Advisors LP, Zweig DiMenna Associates LLC, Gilder Gagnon Howe & Co. LLC, and Victory Capital Management Inc.. 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 Vanguard Group Inc., Nordea Investment Management AB, Federated Hermes Inc., Jennison Associates LLC, Bank of America Corp DE, Sumitomo Mitsui Trust Holdings Inc., Balyasny Asset Management LLC, and Kayne Anderson Rudnick Investment Management LLC.
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 $198.86.

Okta has a market capitalization of $24.78 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]