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NASDAQ:OKTAOkta Stock Price, Forecast & News

$196.18
-3.48 (-1.74 %)
(As of 08/12/2020 04:00 PM ET)
Add
Compare
Today's Range
$193.71
Now: $196.18
$203.34
50-Day Range
$195.62
MA: $209.30
$223.56
52-Week Range
$88.66
Now: $196.18
$226.89
Volume1.46 million shs
Average Volume1.90 million shs
Market Capitalization$24.45 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. 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.
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Okta logo

Beat the Market (BTM) Rank

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

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

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

Employees1,561
Market Cap$24.45 billion
Next Earnings Date8/27/2020 (Confirmed)
OptionableOptionable
$196.18
-3.48 (-1.74 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Okta (NASDAQ:OKTA) Frequently Asked Questions

How has Okta's stock been impacted by Coronavirus (COVID-19)?

Okta's stock was trading at $114.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, OKTA stock has increased by 71.0% and is now trading at $196.18.
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, August 27th 2020.
View our earnings forecast for Okta
.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Thursday, August 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Okta's earnings last quarter?

Okta Inc (NASDAQ:OKTA) issued its quarterly earnings results on Thursday, May, 28th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.10. The firm had revenue of $182.86 million for the quarter, compared to analysts' expectations of $171.57 million. Okta had a negative net margin of 33.34% and a negative return on equity of 44.99%. Okta's quarterly revenue was up 46.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share.
View Okta's earnings history
.

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

Okta updated its FY21 earnings guidance on Thursday, May, 28th. The company provided EPS guidance of ($0.23)-($0.18) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.32). The company issued revenue guidance of $770-780 million, compared to the consensus revenue estimate of $772.26 million.

What price target have analysts set for OKTA?

18 Wall Street analysts have issued 1-year price targets for Okta's shares. Their forecasts range from $140.00 to $230.00. On average, they anticipate Okta's share price to reach $184.72 in the next year. This suggests that the stock has a possible downside of 5.8%.
View analysts' price targets for Okta
.

Has Okta been receiving favorable news coverage?

Press coverage about OKTA stock has trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Okta earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave news stories 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 immediate future.
View the latest news about Okta
.

Are investors shorting Okta?

Okta saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 8,050,000 shares, a drop of 12.8% from the December 31st total of 9,230,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is currently 5.4 days.
View Okta's Short Interest
.

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), Trade Desk (TTD), Twilio (TWLO), Square (SQ), salesforce.com (CRM), Paypal (PYPL), Alibaba Group (BABA), Netflix (NFLX) 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 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.

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 number of institutional and retail investors. Top institutional investors include First Trust Advisors LP (1.73%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Bank of New York Mellon Corp (0.41%), Blair William & Co. IL (0.41%), Swiss National Bank (0.36%) and Macquarie Group Ltd. (0.29%). 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 major investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including Hudson Bay Capital Management LP, Macquarie Group Ltd., First Trust Advisors LP, Zweig DiMenna Associates LLC, Victory Capital Management Inc., WINTON GROUP Ltd, Amalgamated Bank, and Glynn Capital Management 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
.

Which major investors are buying Okta stock?

OKTA stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Columbus Circle Investors, Public Employees Retirement Association of Colorado, Stone Ridge Asset Management LLC, Trexquant Investment LP, Swiss National Bank, and Bank of New York Mellon Corp.
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 $196.18.

How big of a company is Okta?

Okta has a market capitalization of $24.45 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 8/12/2020 by MarketBeat.com Staff

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