Okta - OKTA Stock Forecast, Price & News

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OKTA shares.
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35 Wall Street analysts have issued 1-year price objectives for Okta's shares. Their OKTA share price forecasts range from $45.00 to $260.00. On average, they anticipate the company's stock price to reach $83.76 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
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Okta's stock was trading at $68.33 at the beginning of 2023. Since then, OKTA stock has increased by 11.7% and is now trading at $76.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Okta will be holding an earnings conference call on Wednesday, March 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Okta, Inc. (NASDAQ:OKTA) released its quarterly earnings results on Wednesday, November, 30th. The company reported ($1.09) EPS for the quarter, topping the consensus estimate of ($1.34) by $0.25. The company earned $481.04 million during the quarter, compared to the consensus estimate of $463.62 million. Okta had a negative net margin of 52.19% and a negative trailing twelve-month return on equity of 13.61%.

Okta updated its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of $0.09-$0.10 for the period, compared to the consensus estimate of -$0.11. The company issued revenue guidance of $488.00 million-$490.00 million, compared to the consensus revenue estimate of $487.86 million.

302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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

(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 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 many different institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Glynn Capital Management LLC (0.25%), Parallel Advisors LLC (0.17%), Barton Investment Management (0.15%) and Allspring Global Investments Holdings LLC (0.11%). Insiders that own company 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, Ledger Susan St, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch.
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Shares of OKTA stock 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.
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One share of OKTA stock can currently be purchased for approximately $76.34.

Okta (NASDAQ:OKTA) has a market capitalization of $12.23 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.78) on an earnings per share basis.

The company employs 5,030 workers across the globe.

Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The official website for the company is www.okta.com. The company can be reached via phone at (888) 722-7871 or via email at investor@okta.com.