Okta Stock Forecast, Price & News

Okta (NASDAQ:OKTA) Frequently Asked Questions

Is Okta a buy right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 7 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Okta wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Wednesday, December 1st 2021.
View our earnings forecast for Okta.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings data on Tuesday, August, 31st. The company reported ($0.11) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.35) by $0.24. The business had revenue of $316 million for the quarter, compared to the consensus estimate of $293.16 million. Okta had a negative net margin of 52.47% and a negative trailing twelve-month return on equity of 18.64%. Okta's revenue was up 57.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS.
View Okta's earnings history.

How has Okta's stock been impacted by Coronavirus?

Okta's stock was trading at $114.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OKTA stock has increased by 111.5% and is now trading at $242.70.
View which stocks have been most impacted by COVID-19.

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

Okta updated its FY 2022 earnings guidance on Wednesday, September, 22nd. The company provided EPS guidance of $-0.770-$-0.740 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1.110. The company issued revenue guidance of $1.24 billion-$1.25 billion, compared to the consensus revenue estimate of $1.22 billion.

What price target have analysts set for OKTA?

26 equities research analysts have issued 1 year price objectives for Okta's shares. Their forecasts range from $240.00 to $320.00. On average, they expect Okta's share price to reach $289.67 in the next year. This suggests a possible upside of 19.4% 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:

• Todd McKinnon, Chairman & Chief Executive Officer
• J. Frederic Kerrest, Executive Vice Chairman & Chief Operating Officer
• Brett Tighe, Chief Financial Officer, Treasurer & SVP-Finance (LinkedIn Profile)
• Vicky Xiong, VP-Technology Services & Business Technology
• Alvina Antar, Chief Information Officer & Senior Vice President

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?

Some companies that are related to Okta include ServiceNow (NOW), Square (SQ), Snowflake (SNOW), Dassault Systèmes (DASTY), Autodesk (ADSK), Twilio (TWLO), VMware (VMW), Activision Blizzard (ATVI), CrowdStrike (CRWD), NetEase (NTES), Atlassian (TEAM), Palantir Technologies (PLTR), DocuSign (DOCU), Synopsys (SNPS) and Veeva Systems (VEEV).
View all of OKTA's 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 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 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.

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.49%), Price T Rowe Associates Inc. MD (8.48%), Capital International Investors (1.83%), American Century Companies Inc. (1.36%), Geode Capital Management LLC (1.19%) and Jennison Associates LLC (0.74%). Company insiders that own Okta 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, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, Todd Burrowes, 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 Toronto Dominion Bank, Bank of America Corp DE, Bank of America Corp DE, Massachusetts Financial Services Co. MA, PEAK6 Investments LLC, Creative Planning, Credit Suisse AG, and Night Owl Capital Management LLC. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Brett Tighe, Charles Race, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, L Michelle Wilson, Michael R Kourey, Robert L Dixon Jr, Todd Burrowes, 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 bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Vanguard Group Inc., American Century Companies Inc., Whale Rock Capital Management LLC, Meritech Capital Associates V L.L.C., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., and ARK Investment Management LLC.
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 $242.70.

How much money does Okta make?

Okta has a market capitalization of $37.54 billion and generates $835.42 million in revenue each year. The company earns $-266,330,000.00 in net income (profit) each year or ($1.41) 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].