NASDAQ:OKTA

Okta Stock Forecast, Price & News

$249.13
+4.87 (+1.99 %)
(As of 04/12/2021 12:09 PM ET)
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Today's Range
$241.00
Now: $249.13
$251.58
50-Day Range
$208.51
MA: $235.21
$288.36
52-Week Range
$130.38
Now: $249.13
$294.00
Volume49,940 shs
Average Volume1.68 million shs
Market Capitalization$32.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.99
Okta, Inc. provides identity management platform 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 incorporated in 2009 and is headquartered in San Francisco, California.
Okta logo

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871
Employees2,806
Year Founded2009

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$32.69 billion
Next Earnings Date5/27/2021 (Estimated)
OptionableOptionable

Headlines

Okta (NASDAQ: OKTA) About to Enter Q2 With A Bang
April 9, 2021 |  marketbeat.com
MarketBeat: Week in Review 4/5 – 4/9 (OKTA)
April 9, 2021 |  marketbeat.com
Okta's Addressable Market Is Getting Even Bigger
April 10, 2021 |  finance.yahoo.com
Okta (NASDAQ:OKTA) Shares Gap Up to $238.48
April 9, 2021 |  americanbankingnews.com
BTIG Research Upgrades Okta (NASDAQ:OKTA) to Buy
April 9, 2021 |  americanbankingnews.com
Okta's Charts Still Suggest Watching and Waiting - RealMoney
April 8, 2021 |  realmoney.thestreet.com
Okta's Charts Still Suggest Watching and Waiting
April 8, 2021 |  finance.yahoo.com
Why Okta Shares Were Gaining Today
April 8, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.36 out of 5 stars

Computer And Technology Sector

446th out of 1,544 stocks

Prepackaged Software Industry

101st out of 283 stocks

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
$249.13
+4.87 (+1.99 %)
(As of 04/12/2021 12:09 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Okta (NASDAQ:OKTA) Frequently Asked Questions

Is Okta a buy right now?

18 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" Okta stock.
View analyst ratings for Okta
or view top-rated stocks.

What stocks does MarketBeat like better than Okta?

Wall Street analysts have given Okta a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Okta wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Okta?

Okta saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 5,640,000 shares, an increase of 34.6% from the February 28th total of 4,190,000 shares. Based on an average daily volume of 1,700,000 shares, the short-interest ratio is presently 3.3 days.
View Okta's Short Interest
.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Okta
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings results on Tuesday, March, 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The firm had revenue of $234.74 million for the quarter, compared to analysts' expectations of $221.99 million. Okta had a negative trailing twelve-month return on equity of 31.29% and a negative net margin of 31.38%. The business's revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) EPS.
View Okta's earnings history
.

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 117.4% and is now trading at $249.48.
View which stocks have been most impacted by COVID-19
.

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

Okta updated its FY22 earnings guidance on Wednesday, March, 3rd. The company provided EPS guidance of $(0.49)-(0.44) for the period, compared to the Thomson Reuters consensus estimate of $0.04. The company issued revenue guidance of $1.08-1.09 billion, compared to the consensus revenue estimate of $1.07 billion.

What price target have analysts set for OKTA?

18 analysts have issued twelve-month price targets for Okta's shares. Their forecasts range from $195.00 to $313.00. On average, they anticipate Okta's stock price to reach $266.95 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts' price targets for Okta
or view top-rated stocks among Wall Street analysts.

Who are Okta's key executives?

Okta's management team includes the following people:
  • Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 49, Pay $725.26k) (LinkedIn Profile)
  • Mr. Jacques Frederic Kerrest, Co-Founder, Exec. Vice Chairperson & COO (Age 43, Pay $550.02k) (LinkedIn Profile)
  • Mr. Michael R. Kourey, Chief Financial Officer (Age 61, Pay $50.69k) (LinkedIn Profile)
  • Mr. Jonathan T. Runyan, Gen. Counsel & Sec. (Age 44, Pay $474.92k) (LinkedIn Profile)
  • Mr. Charles Race, Exec. Officer (Age 49, Pay $645.5k) (LinkedIn Profile)
  • Mr. Christopher K. Kramer, Chief Accounting Officer (Age 50) (LinkedIn Profile)
  • Mr. Hector Aguilar, Pres of Technology (LinkedIn Profile)
  • Ms. Alvina Antar, Sr. VP & Chief Information Officer
  • Dave Gennarelli, VP of Investor Relations
  • Mr. Ryan Carlson, Chief Marketing Officer (LinkedIn Profile)

What is Todd McKinnon's approval rating as Okta's CEO?

302 employees have rated Okta CEO Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among Okta's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

When did Okta IPO?

(OKTA) raised $154 million in an IPO 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.

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 a variety of retail and institutional investors. Top institutional investors include EFG Asset Management Americas Corp. (0.01%), Pacer Advisors Inc. (0.00%), First American Bank (0.00%), Baldwin Brothers Inc. MA (0.00%), Private Capital Group LLC (0.00%) and Valeo Financial Advisors LLC (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, William E Losch and William E Losch.
View institutional ownership trends for Okta
.

Which institutional investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Private Capital Group LLC, First American Bank, and Valeo Financial Advisors 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
or view top insider-selling stocks.

Which institutional investors are buying Okta stock?

OKTA stock was purchased by a variety of institutional investors in the last quarter, including EFG Asset Management Americas Corp., Baldwin Brothers Inc. MA, and State of Alaska Department of Revenue.
View insider buying and selling activity for Okta
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $249.48.

How much money does Okta make?

Okta has a market capitalization of $32.73 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.

How many employees does Okta have?

Okta employs 2,806 workers across the globe.

Does Okta have any subsidiaries?

The following companies are subsidiares of Okta: Azuqua, Azuqua Inc., Okta Australia Pty Limited, Okta France SAS, Okta GmbH, Okta Identity Netherlands BV, Okta SG Pte. Ltd., Okta Software Canada Inc., Okta UK LTD, ScaleFT, ScaleFT Inc., SpydrSafe Mobile Security, SpydrSafe Mobile Security Inc., Stormpath, and Workflow Automation.

When was Okta founded?

Okta was founded in 2009.

What is Okta's official website?

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

Where are Okta's headquarters?

Okta is headquartered at 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105.

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 4/12/2021 by MarketBeat.com Staff
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