Okta Stock Forecast, Price & 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. Since then, OKTA stock has increased by 88.4% and is now trading at $216.20.
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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, December 3rd 2020.
View our earnings forecast for Okta.

Okta Inc (NASDAQ:OKTA) announced its quarterly earnings results on Thursday, August, 27th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.09. The company earned $200.45 million during the quarter, compared to analyst estimates of $186.37 million. Okta had a negative return on equity of 35.07% and a negative net margin of 32.93%. Okta's revenue was up 42.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS.
View Okta's earnings history.

Okta updated its FY21 earnings guidance on Thursday, August, 27th. The company provided EPS guidance of $(0.03)-(0.01) for the period, compared to the Thomson Reuters consensus estimate of ($0.20). The company issued revenue guidance of $800-803 million, compared to the consensus revenue estimate of $777.74 million.

18 brokers have issued 1 year price targets for Okta's shares. Their forecasts range from $140.00 to $266.00. On average, they expect Okta's stock price to reach $205.37 in the next year. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Okta.

Okta saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,560,000 shares, an increase of 12.2% from the August 31st total of 6,740,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is currently 4.6 days.
View Okta's Short Interest.

Some companies that are related to Okta include ServiceNow (NOW), Intuit (INTU), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systemes (DASTY), Veeva Systems (VEEV), Docusign (DOCU), Electronic Arts (EA), Twilio (TWLO), Synopsys (SNPS), Crowdstrike (CRWD), Splunk (SPLK) and Cadence Design Systems (CDNS).
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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), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

(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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.89%), FMR LLC (7.64%), First Trust Advisors LP (1.73%), Hound Partners LLC (1.36%), Gilder Gagnon Howe & Co. LLC (1.30%) and FIL Ltd (1.22%). 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 bought by a variety of institutional investors in the last quarter, including Hound Partners LLC, Vanguard Group Inc., Nordea Investment Management AB, Federated Hermes Inc., Neuberger Berman Group LLC, Jennison Associates LLC, Bank of America Corp DE, and Sumitomo Mitsui Trust Holdings Inc..
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 $216.20.

Okta has a market capitalization of $27.69 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]