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NASDAQ:OKTA

Okta - OKTA Stock Forecast, Price & News

$84.63
+2.47 (+3.01%)
(As of 03/29/2023 02:40 PM ET)
Add
Compare
Today's Range
$82.85
$84.85
50-Day Range
$67.67
$85.96
52-Week Range
$44.12
$161.61
Volume
857,941 shs
Average Volume
2.65 million shs
Market Capitalization
$19.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$85.32

Okta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.6% Upside
$85.32 Price Target
Short Interest
Healthy
2.33% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.30mentions of Okta in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$526,343 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($3.08) to ($3.09) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Computer And Technology Sector

403rd out of 615 stocks

Prepackaged Software Industry

143rd out of 213 stocks


OKTA stock logo

About Okta (NASDAQ:OKTA) Stock

Okta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

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OKTA Stock News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Okta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon Sells 3,117 Shares
Westpark Capital Begins Coverage on Okta (NASDAQ:OKTA)
Shibu Ninan Sells 197 Shares of Okta, Inc. (NASDAQ:OKTA) Stock
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Better Buy: Zoom vs. Okta
Bank of America Securities Reaffirms Their Sell Rating on Okta (OKTA)
Why Okta (OKTA) Might be Well Poised for a Surge
30 Biggest SaaS Companies in the World in 2023
Is It Too Late to Buy Okta Stock?
Okta Is on Safer Ground Now
See More Headlines
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OKTA Company Calendar

Last Earnings
3/01/2023
Today
3/29/2023
Next Earnings (Estimated)
6/01/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:OKTA
Fax
N/A
Employees
6,013
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$85.32
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
38 Analysts

Profitability

Net Income
$-815,000,000.00
Pretax Margin
-43.11%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Book Value
$24.08 per share

Miscellaneous

Free Float
209,736,000
Market Cap
$18.65 billion
Optionable
Optionable
Beta
1.12

Social Links


Key Executives

  • Todd McKinnonTodd McKinnon
    Chairman & Chief Executive Officer
  • J. Frederic KerrestJ. Frederic Kerrest
    Executive Vice Chairman & Chief Operating Officer
  • Brett TigheBrett Tighe
    Chief Financial Officer
  • Alvina Y. Antar
    Chief Information Officer & Senior Vice President
  • Sagnik Nandy
    Chief Technology Officer & President-Technology













OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 4 sell ratings, 11 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OKTA shares.
View OKTA analyst ratings
or view top-rated stocks.

What is Okta's stock price forecast for 2023?

38 brokerages have issued twelve-month target prices for Okta's stock. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they anticipate the company's stock price to reach $85.32 in the next year. This suggests a possible upside of 3.9% from the stock's current price.
View analysts price targets for OKTA
or view top-rated stocks among Wall Street analysts.

How have OKTA shares performed in 2023?

Okta's stock was trading at $68.33 at the beginning of 2023. Since then, OKTA stock has increased by 20.2% and is now trading at $82.16.
View the best growth stocks for 2023 here
.

When is Okta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our OKTA earnings forecast
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, March, 1st. The company reported ($0.70) earnings per share for the quarter, topping analysts' consensus estimates of ($0.81) by $0.11. The firm earned $510 million during the quarter, compared to the consensus estimate of $488.99 million. Okta had a negative trailing twelve-month return on equity of 12.53% and a negative net margin of 43.87%.

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

Okta updated its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $0.11-$0.12 for the period, compared to the consensus EPS estimate of 0. The company issued revenue guidance of $509.00 million-$511.00 million, compared to the consensus revenue estimate of $497.94 million.

What is Todd McKinnon's approval rating as Okta's CEO?

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.

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), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

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 $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 Sands Capital Management LLC (3.94%), First Trust Advisors LP (2.41%), Deer Management Co. LLC (1.61%), Geode Capital Management LLC (1.30%), Soma Equity Partners LP (1.01%) and Norges Bank (0.91%). 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, Larissa Schwartz, Ledger Susan St, Michael R Kourey, Patrick W Grady, Robert L Dixon Jr, Shibu Ninan, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch.
View institutional ownership trends
.

How do I buy shares of Okta?

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.
Compare Top Brokerages Here.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $82.16.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $18.65 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($5.17) on an earnings per share basis.

How many employees does Okta have?

The company employs 6,013 workers across the globe.

Does Okta have any subsidiaries?
The following companies are subsidiares of Okta: Azuqua, Azuqua Inc., Okta Australia Pty Limited, Okta France SAS, Okta GmbH, Okta Identity Netherlands BV, Okta SG Pte. Ltd., Okta Software Canada Inc., Okta UK LTD, ScaleFT, ScaleFT Inc., SpydrSafe Mobile Security, SpydrSafe Mobile Security Inc., Stormpath, and Workflow Automation.
Read More
How can I contact Okta?

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.

This page (NASDAQ:OKTA) was last updated on 3/29/2023 by MarketBeat.com Staff