Okta - OKTA Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 2 sell ratings, 13 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street 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.
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30 brokerages have issued 12-month price objectives for Okta's shares. Their OKTA share price forecasts range from $45.00 to $260.00. On average, they expect the company's stock price to reach $87.59 in the next twelve months. This suggests a possible upside of 42.0% from the stock's current price.
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Okta's stock was trading at $224.17 at the beginning of 2022. Since then, OKTA shares have decreased by 72.5% and is now trading at $61.69.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our OKTA earnings forecast.

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, December, 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.17. The company had revenue of $350.68 million for the quarter, compared to analysts' expectations of $327.33 million. Okta had a negative net margin of 52.19% and a negative trailing twelve-month return on equity of 13.61%. During the same period last year, the business posted ($0.38) EPS.

Okta updated its fourth quarter earnings guidance on Wednesday, November, 30th. The company provided earnings per share (EPS) guidance of $0.09-$0.10 for the period, compared to the consensus earnings per share estimate of ($0.12). The company issued revenue guidance of $488-$490 million, compared to the consensus revenue estimate of $488.71 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 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.86%), First Trust Advisors LP (2.38%), Deer Management Co. LLC (1.72%), Sands Capital Management LLC (1.54%), Two Sigma Investments LP (1.05%) and Citadel Advisors LLC (0.00%). 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, Ledger Susan St, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch.
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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.
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One share of OKTA stock can currently be purchased for approximately $61.69.

Okta (NASDAQ:OKTA) has a market capitalization of $9.80 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.78) on an earnings per share basis.

The company employs 5,030 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.