NASDAQ:OKTA - Okta Stock Price, News & Analysis

$102.09
-4.28 (-4.02 %)
(As of 09/16/2019 08:42 AM ET)
Today's Range
$101.70
Now: $102.09
$106.79
50-Day Range
$102.21
MA: $128.82
$140.53
52-Week Range
$41.88
Now: $102.09
$141.85
Volume2.78 million shs
Average Volume2.80 million shs
Market Capitalization$11.92 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.06
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 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; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$399.25 million
Book Value$2.15 per share

Profitability

Net Income$-125,500,000.00

Miscellaneous

Employees1,561
Market Cap$11.92 billion
Next Earnings Date12/4/2019 (Estimated)
OptionableOptionable

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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, August, 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.32). The business had revenue of $140.48 million for the quarter, compared to analysts' expectations of $131.19 million. Okta had a negative net margin of 31.90% and a negative return on equity of 53.93%. The business's revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) EPS. View Okta's Earnings History.

When is Okta's next earnings date?

Okta is scheduled to release their next quarterly earnings announcement on Wednesday, December 4th 2019. View Earnings Estimates for Okta.

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

Okta issued an update on its FY20 earnings guidance on Wednesday, August, 28th. The company provided earnings per share guidance of $(0.44)-(0.42) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.46). The company issued revenue guidance of $560-563 million, compared to the consensus revenue estimate of $549.04 million.

What price target have analysts set for OKTA?

19 Wall Street analysts have issued 1 year price objectives for Okta's stock. Their predictions range from $73.00 to $168.00. On average, they anticipate Okta's share price to reach $130.9412 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for Okta.

What is the consensus analysts' recommendation for Okta?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 8 hold ratings and 11 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. 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. " (6/5/2019)
  • 2. Robert W. Baird analysts commented, "We point towards relatively small deals for a ~$500 million ARR company growing 50%+, which require greater S&M expense. But management foresees larger deals in the future, which would inflect margin performance. Overall, Okta remains the clear leader in cloud identity and is successfully executing to the large and growing opportunity." (3/8/2019)

Has Okta been receiving favorable news coverage?

Media stories about OKTA stock have been trending somewhat positive on Monday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Okta earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Okta.

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), Twilio (TWLO), Shopify (SHOP), Trade Desk (TTD), Alibaba Group (BABA), Paypal (PYPL), Square (SQ), salesforce.com (CRM), Netflix (NFLX) and Arista Networks (ANET).

Who are Okta's key executives?

Okta's management team includes the folowing people:
  • Mr. Todd McKinnon, Co-Founder, Chairman & CEO (Age 47)
  • Mr. William E. Losch, Chief Financial Officer (Age 58)
  • Mr. Charles Race, Pres of Worldwide Field Operations (Age 47)
  • Mr. Jacques Frederic Kerrest, Co-Founder, COO & Director (Age 41)
  • Mr. Hector Aguilar, Pres of Technology

When did Okta IPO?

(OKTA) raised $154 million in an 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.

Who are Okta's major shareholders?

Okta's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.22%), Morgan Stanley (3.00%), First Trust Advisors LP (2.33%), Price T Rowe Associates Inc. MD (1.76%), Whale Rock Capital Management LLC (1.64%) and Coatue Management LLC (0.89%). Company insiders that own Okta stock include Benjamin A Horowitz, Charles Race, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Patrick W Grady, 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 Morgan Stanley, Price T Rowe Associates Inc. MD, AQR Capital Management LLC, Janus Henderson Group PLC, Janus Henderson Group PLC, Renaissance Technologies LLC, Telemark Asset Management LLC and ETF Managers Group LLC. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Charles Race, Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Patrick W Grady, 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 Vanguard Group Inc., Coatue Management LLC, Nuveen Asset Management LLC, Whale Rock Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, UBS Asset Management Americas Inc. and Bessemer Group Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $102.09.

How big of a company is Okta?

Okta has a market capitalization of $11.92 billion and generates $399.25 million in revenue each year. The company earns $-125,500,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis. Okta employs 1,561 workers across the globe.View Additional Information About Okta.

What is Okta's official website?

The official website for Okta is http://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]


MarketBeat Community Rating for Okta (NASDAQ OKTA)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  314 (Vote Outperform)
Underperform Votes:  225 (Vote Underperform)
Total Votes:  539
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.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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