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NASDAQ:OKTA

Okta Stock Forecast, Price & News

$210.51
-7.84 (-3.59 %)
(As of 10/30/2020 12:06 PM ET)
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Compare
Today's Range
$207.82
Now: $210.51
$218.52
50-Day Range
$193.16
MA: $218.68
$246.95
52-Week Range
$88.66
Now: $210.51
$251.18
Volume22,501 shs
Average Volume1.77 million shs
Market Capitalization$26.96 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.97
Okta, Inc. provides identity management platforms 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; and 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. It also provides Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; 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; Advanced Server Access to secure cloud infrastructure; and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications. In addition, the company 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.
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Okta logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.23 out of 5 stars

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871
Employees2,489

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$586.07 million
Book Value$3.31 per share

Profitability

Net Income$-208,910,000.00

Miscellaneous

Market Cap$26.96 billion
Next Earnings Date12/3/2020 (Estimated)
OptionableOptionable
$210.51
-7.84 (-3.59 %)
(As of 10/30/2020 12:06 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Okta (NASDAQ:OKTA) Frequently Asked Questions

How has Okta's stock price been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, OKTA shares have increased by 81.4% and is now trading at $208.20.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Okta?

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
.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
View our earnings forecast for Okta
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Thursday, August, 27th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.09. The business earned $200.45 million during the quarter, compared to analysts' expectations of $186.37 million. Okta had a negative return on equity of 35.07% and a negative net margin of 32.93%. The company's revenue was up 42.7% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS.
View Okta's earnings history
.

What guidance has Okta issued on next quarter's earnings?

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

What price target have analysts set for OKTA?

18 Wall Street analysts have issued 1-year price objectives for Okta's shares. Their forecasts range from $140.00 to $266.00. On average, they expect Okta's share price to reach $210.47 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Okta
.

Are investors shorting Okta?

Okta saw a increase in short interest in 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 daily volume of 1,660,000 shares, the short-interest ratio is currently 4.6 days.
View Okta's Short Interest
.

Who are some of Okta's key competitors?

What other stocks do shareholders of Okta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), The Trade Desk (TTD), Square (SQ), salesforce.com (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Who are Okta's key executives?

Okta's management team includes the following people:
  • Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 48, Pay $725.26k)
  • Mr. Jacques Frederic Kerrest, Co-Founder, Exec. Vice Chairperson & COO (Age 42, Pay $550.02k)
  • Mr. William E. Losch, Chief Financial Officer (Age 59, Pay $532.33k)
  • Mr. Jonathan T. Runyan, Gen. Counsel & Sec. (Age 43, Pay $474.92k)
  • Mr. Charles Race, Pres of Worldwide Field Operations (Age 48, Pay $645.5k)
  • Mr. Christopher K. Kramer, Chief Accounting Officer (Age 49)
  • Mr. Hector Aguilar, Pres of Technology
  • Ms. Alvina Antar, Sr. VP & Chief Information Officer
  • Dave Gennarelli, VP of Investor Relations
  • Mr. Ryan Carlson, Chief Marketing Officer

When did Okta IPO?

(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.

What is Okta's stock symbol?

Okta trades on the NASDAQ under the ticker symbol "OKTA."

Who are Okta's major shareholders?

Okta's stock is owned by many different institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.17%), Barton Investment Management (0.13%), Railway Pension Investments Ltd (0.12%), Envestnet Asset Management Inc. (0.09%), State of New Jersey Common Pension Fund D (0.06%) and Keybank National Association OH (0.04%). 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
.

Which major investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Railway Pension Investments Ltd, Geneva Partners LLC, Hanseatic Management Services Inc., DekaBank Deutsche Girozentrale, Keybank National Association OH, Standard Life Aberdeen plc, and Avitas Wealth Management LLC. 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
.

Which major investors are buying Okta stock?

OKTA stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Parallel Advisors LLC, Forsta AP Fonden, Barton Investment Management, Cedar Capital LLC, Robeco Institutional Asset Management B.V., Narwhal Capital Management, and Axel Capital Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $208.20.

How big of a company is Okta?

Okta has a market capitalization of $26.67 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 2,489 workers across the globe.

What is Okta's official website?

The official website for Okta is www.okta.com.

How can I contact Okta?

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]

This page was last updated on 10/30/2020 by MarketBeat.com Staff

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