NASDAQ:OKTAOkta Stock Price, Forecast & News

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OKTA stock has increased by 60.5% and is now trading at $184.17. View which stocks have been most impacted by Coronavirus.

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.

Okta is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Okta.

Okta will be holding an earnings conference call on Thursday, May 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Okta Inc (NASDAQ:OKTA) issued its quarterly earnings results on Thursday, March, 5th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $167.33 million for the quarter, compared to analyst estimates of $155.83 million. Okta had a negative net margin of 35.65% and a negative return on equity of 50.48%. The business's quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. View Okta's earnings history.

Okta updated its first quarter 2021 IntraDay earnings guidance on Wednesday, April, 1st. The company provided EPS guidance of -0.17--0.16 for the period, compared to the Thomson Reuters consensus estimate of $-0.23.

18 Wall Street analysts have issued 1-year target prices for Okta's stock. Their forecasts range from $120.00 to $195.00. On average, they expect Okta's stock price to reach $151.06 in the next year. This suggests that the stock has a possible downside of 18.0%. View analysts' price targets for Okta.

Media headlines about OKTA stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Okta earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutOkta.

Some companies that are related to Okta include Shopify (SHOP), Intuit (INTU), ServiceNow (NOW), Uber Technologies (UBER), VMware (VMW), Activision Blizzard (ATVI), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Twilio (TWLO), Synopsys (SNPS) and Docusign (DOCU). View all competitors.

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

(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.

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

Okta's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (8.97%), BlackRock Inc. (6.26%), First Trust Advisors LP (1.90%), State Street Corp (1.83%), Sands Capital Management LLC (1.49%) and Geode Capital Management LLC (1.04%). 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.

OKTA stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Janus Henderson Group PLC, Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Deutsche Bank AG, First Trust Advisors LP, and Korea Investment CORP. 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.

OKTA stock was acquired by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., 1832 Asset Management L.P., Franklin Resources Inc., Morgan Stanley, Advisor Group Holdings Inc., Fiera Capital Corp, Champlain Investment Partners LLC, and Public Employees Retirement Association of Colorado. View insider buying and selling activity for 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.

One share of OKTA stock can currently be purchased for approximately $184.17.

Okta has a market capitalization of $22.61 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 1,561 workers across the globe.

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

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]