Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops. It also offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:OKTA
Previous Symbol
CUSIPN/A
Phone888-722-7871
Debt
Debt-to-Equity Ratio1.09
Current Ratio2.69
Quick Ratio2.69
Price-To-Earnings
Trailing P/E Ratio-48.77
Forward P/E Ratio-63.63
P/E GrowthN/A
Sales & Book Value
Annual Sales$259.99 million
Price / Sales28.06
Cash FlowN/A
Price / Cash FlowN/A
Book Value$2.24 per share
Price / Book29.83
Profitability
EPS (Most Recent Fiscal Year)($1.37)
Net Income$-114,350,000.00
Net Margins-33.02%
Return on Equity-48.01%
Return on Assets-16.33%
Miscellaneous
EmployeesN/A
Outstanding Shares109,180,000
Market Cap$7.32 billion
OptionableOptionable
Okta (NASDAQ:OKTA) Frequently Asked Questions
What is Okta's stock symbol?
Okta trades on the NASDAQ under the ticker symbol "OKTA."
How were Okta's earnings last quarter?
Okta Inc (NASDAQ:OKTA) issued its earnings results on Wednesday, December, 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.28) by $0.24. The company earned $105.58 million during the quarter, compared to analysts' expectations of $96.81 million. Okta had a negative return on equity of 48.01% and a negative net margin of 33.02%. View Okta's Earnings History.
When is Okta's next earnings date?
What guidance has Okta issued on next quarter's earnings?
Okta updated its fourth quarter 2019 earnings guidance on Wednesday, December, 5th. The company provided earnings per share guidance of $-0.09--0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.11. The company issued revenue guidance of $107-108 million, compared to the consensus revenue estimate of $99.87 million.Okta also updated its FY 2019 guidance to $-0.37--0.36 EPS.
What price target have analysts set for OKTA?
17 brokers have issued 1 year target prices for Okta's stock. Their forecasts range from $35.00 to $88.00. On average, they expect Okta's stock price to reach $69.8667 in the next year. This suggests a possible upside of 4.6% from the stock's current price. View Analyst Price Targets for Okta.
What is the consensus analysts' recommendation for Okta?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 1 hold rating and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Okta.
What are Wall Street analysts saying about Okta stock?
Here are some recent quotes from research analysts about Okta stock:
- 1. Robert W. Baird analysts commented, "We maintain our Neutral rating and $65 price target on Okta after reporting very strong FQ3 results. We believe a first mover advantage, strong competitive positioning, and a growing awareness of the importance of identity in driving agility and security for cloud is and will continue to support a robust growth opportunity for Okta. However, trading at the high-end of secular SaaS peers, we believe the opportunity is captured in current valuation." (12/6/2018)
- 2. According to Zacks Investment Research, "Okta, Inc. is a provider of identity for the enterprise. The Company's product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States. " (11/8/2018)
- 3. Canaccord Genuity analysts commented, "We believe Okta is well positioned to scale to become a multi-billion-dollar revenue firm and if that is true, then it is very likely that the stock will nicely reward long-term investors. Meanwhile, our bet is that the stock is close to a short-term bottom after swooning almost 20% in 30 days, especially as investors realize Okta is likely to post a strong October quarter (FQ3) in early December. BUY." (10/10/2018)
Has Okta been receiving favorable news coverage?
Press coverage about OKTA stock has trended somewhat negative on Friday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Okta earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the next several days.
Who are some of Okta's key competitors?
Some companies that are related to Okta include Square (SQ), Electronic Arts (EA), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), Citrix Systems (CTXS), Symantec (SYMC), Synopsys (SNPS), Veeva Systems (VEEV), ANSYS (ANSS), Cadence Design Systems (CDNS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Temenos (TMNSF) and SS&C Technologies (SSNC).
Who are Okta's key executives?
Okta's management team includes the folowing people:
- Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 46)
- Mr. William E. Losch, Chief Financial Officer (Age 57)
- Mr. Charles Race, Pres of Worldwide Field Operations (Age 46)
- Mr. Jacques Frederic Kerrest, Co-Founder, COO & Director (Age 40)
- Mr. Hector Aguilar, Chief Technology Officer and Exec. VP of Engineering
When did Okta IPO?
(OKTA) raised $154 million in an initial public offering 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 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.
Who are Okta's major shareholders?
Okta's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (6.66%), Vanguard Group Inc. (6.31%), Vanguard Group Inc (6.31%), BlackRock Inc. (3.47%), First Trust Advisors LP (2.82%) and Putnam Investments LLC (2.35%). Company insiders that own Okta stock include Benjamin A Horowitz, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla and William E Losch. View Institutional Ownership Trends for Okta.
Which major investors are selling Okta stock?
OKTA stock was sold by a variety of institutional investors in the last quarter, including Glynn Capital Management LLC, Putnam Investments LLC, Brown Advisory Inc., Frontier Capital Management Co. LLC, AXA, Paragon Capital Management Ltd, Oppenheimer & Co. Inc. and United Services Automobile Association. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon and William E Losch. View Insider Buying and Selling for Okta.
Which major investors are buying Okta stock?
OKTA stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FIL Ltd, First Trust Advisors LP, Morgan Stanley, Allianz Asset Management GmbH, Neuberger Berman Group LLC, Peregrine Capital Management LLC and FMR LLC. View Insider Buying and Selling for Okta.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Okta's stock price today?
One share of OKTA stock can currently be purchased for approximately $66.81.
How big of a company is Okta?
Okta has a market capitalization of $7.32 billion and generates $259.99 million in revenue each year. The company earns $-114,350,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.
What is Okta's official website?
How can I contact Okta?
Okta's mailing address is 301 BRANNAN STREET, SAN FRANCISCO CA, 94107. The company can be reached via phone at 888-722-7871 or via email at [email protected]
MarketBeat Community Rating for Okta (NASDAQ OKTA)
MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote "Outperform" if you believe OKTA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.
