NASDAQ:OKTA - Okta Stock Price, Forecast & News

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OKTA stock has increased by 5.5% and is now trading at $121.05. View which stocks have been mosted impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 7 hold ratings and 11 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, June 4th 2020. View our earnings forecast for Okta.

Okta Inc (NASDAQ:OKTA) announced its quarterly earnings results on Thursday, March, 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business earned $167.33 million during the quarter, compared to analyst estimates of $155.83 million. Okta had a negative return on equity of 50.48% and a negative net margin of 35.65%. The firm'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 FY21 earnings guidance on Thursday, March, 5th. The company provided EPS guidance of $(0.42)-(0.37) for the period, compared to the Thomson Reuters consensus estimate of ($0.28). The company issued revenue guidance of $770-780 million, compared to the consensus revenue estimate of $760.79 million.

18 brokerages have issued 12 month price objectives for Okta's stock. Their forecasts range from $95.00 to $162.00. On average, they expect Okta's share price to reach $144.00 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for Okta.

Press coverage about OKTA stock has trended very negative this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Okta earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View the latest news aboutOkta.

Okta saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 9,704,400 shares, an increase of 9.0% from the February 27th total of 8,900,000 shares. Based on an average daily trading volume, of 2,468,200 shares, the short-interest ratio is currently 3.9 days. Currently, 10.1% of the company's stock are sold short. View Okta's Current Options Chain.

Some companies that are related to Okta include ServiceNow (NOW), Shopify (SHOP), VMware (VMW), Uber Technologies (UBER), Activision Blizzard (ATVI), Dassault Systemes (DASTY), Autodesk (ADSK), Electronic Arts (EA), Square (SQ), Veeva Systems (VEEV), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS) and Atlassian (TEAM).

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

(OKTA) raised $154 million in an initial public offering 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 a number of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (2.01%), State Street Corp (1.82%), Sands Capital Management LLC (1.51%), FIL Ltd (1.49%), Geode Capital Management LLC (1.08%) and Norges Bank (0.79%). 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 Toronto Dominion Bank, Janus Henderson Group PLC, Massachusetts Financial Services Co. MA, Zevenbergen Capital Investments LLC, Sei Investments Co., AQR Capital Management LLC, Sands Capital Management LLC, and Bessemer Group 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.

OKTA stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, FIL Ltd, Franklin Resources Inc., Franklin Resources Inc., National Pension Service, Macquarie Group Ltd., Macquarie Group Ltd., and Victory Capital Management Inc.. 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 $121.05.

Okta has a market capitalization of $14.86 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. View additional information about Okta.

The official website for Okta is http://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]