Okta - OKTA Stock Forecast, Price & News

39 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 4 sell ratings, 12 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares.
View OKTA analyst ratings or view top-rated stocks.

39 brokers have issued 12 month price targets for Okta's stock. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they predict the company's share price to reach $85.32 in the next year. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for OKTA or view top-rated stocks among Wall Street analysts.

Okta's stock was trading at $68.33 at the beginning of 2023. Since then, OKTA stock has increased by 23.6% and is now trading at $84.48.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our OKTA earnings forecast.

Okta, Inc. (NASDAQ:OKTA) announced its quarterly earnings results on Wednesday, March, 1st. The company reported ($0.70) EPS for the quarter, beating analysts' consensus estimates of ($0.81) by $0.11. The company had revenue of $510 million for the quarter, compared to analyst estimates of $488.99 million. Okta had a negative net margin of 43.87% and a negative trailing twelve-month return on equity of 12.53%.

ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Global X Cybersecurity ETF (BUG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), ETFMG Prime Cyber Security ETF (HACK), iShares Cybersecurity and Tech ETF (IHAK), ERShares Entrepreneurs ETF (ENTR), First Trust Nasdaq Cybersecurity ETF (CIBR), Sterling Capital Focus Equity ETF (LCG) and First Trust Lunt U.S. Factor Rotation ETF (FCTR).

Okta issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided earnings per share (EPS) guidance of $0.11-$0.12 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $509.00 million-$511.00 million, compared to the consensus revenue estimate of $497.94 million.

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.

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).

(OKTA) raised $154 million in an initial public offering (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 variety of institutional and retail investors. Top institutional shareholders include Sands Capital Management LLC (3.94%), First Trust Advisors LP (2.41%), Deer Management Co. LLC (1.61%), Geode Capital Management LLC (1.30%), Soma Equity Partners LP (1.01%) and Norges Bank (0.91%). 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, Larissa Schwartz, Ledger Susan St, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, Shibu Ninan, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch.
View institutional ownership trends.

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.

One share of OKTA stock can currently be purchased for approximately $84.48.

Okta (NASDAQ:OKTA) has a market capitalization of $19.18 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($5.17) on an earnings per share basis.

The company employs 6,013 workers across the globe.

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.