NASDAQ:OKTAOkta Stock Price, Forecast & News

Okta's stock was trading at $114.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, OKTA shares have increased by 94.4% and is now trading at $223.12. View which stocks have been most impacted by Coronavirus.

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 Wednesday, August 26th 2020. View our earnings forecast for Okta.

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

Okta issued an update on its FY21 earnings guidance on Thursday, May, 28th. The company provided EPS guidance of ($0.23)-($0.18) for the period, compared to the Thomson Reuters consensus EPS 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 shares. Their forecasts range from $140.00 to $230.00. On average, they expect Okta's share price to reach $184.72 in the next year. This suggests that the stock has a possible downside of 17.2%. View analysts' price targets for Okta.

News articles about OKTA stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Okta earned a daily sentiment score of -1.6 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news about Okta.

Some companies that are related to Okta include ServiceNow (NOW), Intuit (INTU), Activision Blizzard (ATVI), VMware (VMW), Square (SQ), Uber Technologies (UBER), Autodesk (ADSK), Dassault Systemes (DASTY), Electronic Arts (EA), Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Synopsys (SNPS) and Cadence Design Systems (CDNS). 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 (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 retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.08%), Carnegie Capital Asset Management LLC (0.03%), State of Alaska Department of Revenue (0.02%), Cullinan Associates Inc. (0.02%), DNB Asset Management AS (0.01%) and Polianta Ltd (0.00%). 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 State of Alaska Department of Revenue. 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 Envestnet Asset Management Inc., Cullinan Associates Inc., Polianta Ltd, Paragon Advisors LLC, Carnegie Capital Asset Management LLC, Strid Group LLC, Diversified Trust Co, and DNB Asset Management AS. 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 $223.12.

Okta has a market capitalization of $27.80 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]