NASDAQ:OKTA Okta Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Okta Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $194.90 +1.74 (+0.90 %) (As of 09/17/2020 12:00 AM ET) Add Compare Share Today's Range$185.05Now: $194.90▼$195.2350-Day Range$193.16MA: $207.35▼$230.6052-Week Range$88.66Now: $194.90▼$231.29Volume1.58 million shsAverage Volume1.87 million shsMarket Capitalization$24.96 billionP/E RatioN/ADividend YieldN/ABeta0.96 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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. 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.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 12 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $205.37, Okta has a forecasted upside of 5.4% from its current price of $194.90.Amount of Analyst CoverageOkta has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.8 Community Rank Outperform VotesOkta has received 408 “outperform” votes. (Add your “outperform” vote.)Underperform VotesOkta has received 319 “underperform” votes. (Add your “underperform” vote.)Community SentimentOkta has received 56.12% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $106,505,587.00 in company stock.Percentage Held by InsidersOnly 12.02% of the stock of Okta is held by insiders.Percentage Held by Institutions77.40% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to decrease in the coming year, from ($1.48) to ($1.69) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -102.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Okta is -102.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 58.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:OKTA Previous Symbol CUSIPN/A CIK1660134 Webwww.okta.com Phone888-722-7871Debt Debt-to-Equity Ratio2.74 Current Ratio5.07 Quick Ratio5.07Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$586.07 million Price / Sales42.60 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book58.88Profitability EPS (Most Recent Fiscal Year)($1.39) Net Income$-208,910,000.00 Net Margins-32.93% Return on Equity-35.07% Return on Assets-7.43%Miscellaneous Employees1,561 Outstanding Shares128,088,000Market Cap$24.96 billion Next Earnings Date12/3/2020 (Estimated) OptionableOptionable $194.90 +1.74 (+0.90 %) (As of 09/17/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive OKTA News and Ratings via Email Sign-up to receive the latest news and ratings for OKTA and its competitors with MarketBeat's FREE daily newsletter. Okta (NASDAQ:OKTA) Frequently Asked Questions How has Okta's stock price 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 (WHO). Since then, OKTA stock has increased by 69.8% and is now trading at $194.90. 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) posted its quarterly earnings results on Thursday, August, 27th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.09. The firm earned $200.45 million during the quarter, compared to the consensus estimate of $186.37 million. Okta had a negative return on equity of 35.07% and a negative net margin of 32.93%. Okta's revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. 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 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 target prices for Okta's shares. Their forecasts range from $140.00 to $266.00. On average, they expect Okta's stock price to reach $205.37 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price. View analysts' price targets for Okta. Who are some of Okta's key competitors? Some companies that are related to Okta include ServiceNow (NOW), Intuit (INTU), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systemes (DASTY), Veeva Systems (VEEV), Electronic Arts (EA), Docusign (DOCU), Twilio (TWLO), Synopsys (SNPS), Splunk (SPLK), Crowdstrike (CRWD) and Cadence Design Systems (CDNS). View all 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), Trade Desk (TTD), Twilio (TWLO), Square (SQ), salesforce.com (CRM), Paypal (PYPL), Netflix (NFLX), Alibaba Group (BABA) and Advanced Micro Devices (AMD). Who are Okta's key executives? Okta's management team includes the following 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 initial public offering (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 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.89%), FMR LLC (7.64%), First Trust Advisors LP (1.73%), Hound Partners LLC (1.36%), Gilder Gagnon Howe & Co. LLC (1.30%) and FIL Ltd (1.22%). 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 institutional investors are selling Okta stock? OKTA stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Hudson Bay Capital Management LP, Advisor Group Holdings Inc., Macquarie Group Ltd., First Trust Advisors LP, Zweig DiMenna Associates LLC, Gilder Gagnon Howe & Co. LLC, and Victory Capital Management Inc.. 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 institutional investors are buying Okta stock? OKTA stock was purchased by a variety of institutional investors in the last quarter, including Hound Partners LLC, Vanguard Group Inc., Nordea Investment Management AB, Federated Hermes Inc., Neuberger Berman Group LLC, Jennison Associates LLC, Bank of America Corp DE, and Sumitomo Mitsui Trust Holdings Inc.. 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 $194.90. How big of a company is Okta? Okta has a market capitalization of $24.96 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. 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 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
