NASDAQ:OKTAOkta Stock Price, Forecast & News

$180.60

-5.69 (-3.05 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$177.23

Now: $180.60▼

$186.29

50-Day Range

$142.47

MA: $170.46▼

$204.78

52-Week Range

$88.66

Now: $180.60▼

$205.71

Volume2.34 million shs

Average Volume2.00 million shs

Market Capitalization$22.50 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.07

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.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Okta has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $172.50, Okta has a potential downside of 4.5% from its current price of $180.60.
Amount of Analyst Coverage
Okta has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Okta has received 398 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Okta has received 305 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Okta has received 56.61% “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.

0.0 Dividend Strength

Dividend Yield
Okta does not currently pay a dividend.
Dividend Growth
Okta does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In 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 $47,993,602.00 in company stock.
Percentage Held by Insiders
Only 12.02% of the stock of Okta is held by insiders.
Percentage Held by Institutions
75.57% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Okta are expected to grow in the coming year, from ($1.51) to ($1.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Okta is -100.89, 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. Sector
The P/E ratio of Okta is -100.89, 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 Ratio
Okta has a P/B Ratio of 54.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.36 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

Phone888-722-7871

Debt

Debt-to-Equity Ratio2.52

Current Ratio2.86

Quick Ratio2.92

Price-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 / Sales38.40

Cash FlowN/A

Price / Cash FlowN/A

Book Value$3.32 per share

Price / Book54.40

Profitability

EPS (Most Recent Fiscal Year)($1.39)

Net Income$-208,910,000.00

Net Margins-33.34%

Return on Equity-44.99%

Return on Assets-9.58%

Miscellaneous

Employees1,561

Outstanding Shares124,610,000

Market Cap$22.50 billion

Next Earnings Date8/26/2020 (Estimated)

OptionableOptionable

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Okta (NASDAQ:OKTA) Frequently Asked Questions

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

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. Since then, OKTA stock has increased by 57.4% and is now trading at $180.60. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Okta?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 5 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 Wednesday, August 26th 2020. View our earnings forecast for Okta.

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 (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.17) by $0.10. The business had revenue of $182.86 million for the quarter, compared to analyst estimates of $171.57 million. Okta had a negative return on equity of 44.99% and a negative net margin of 33.34%. Okta's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. 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, May, 28th. The company provided earnings per share guidance of ($0.23)-($0.18) for the period, compared to the Thomson Reuters consensus earnings per share 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?

17 brokers have issued twelve-month price objectives for Okta's shares. Their forecasts range from $120.00 to $210.00. On average, they anticipate Okta's stock price to reach $172.50 in the next year. This suggests that the stock has a possible downside of 4.5%. View analysts' price targets for Okta.

Has Okta been receiving favorable news coverage?

News stories about OKTA stock have been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing 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 1.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutOkta.

Who are some of Okta's key competitors?

Some companies that are related to Okta include Shopify (SHOP), Intuit (INTU), ServiceNow (NOW), Uber Technologies (UBER), VMware (VMW), Activision Blizzard (ATVI), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Synopsys (SNPS), Twilio (TWLO) 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), Alibaba Group (BABA), salesforce.com (CRM), Netflix (NFLX), Advanced Micro Devices (AMD) and Paypal (PYPL).

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 Morgan Stanley (8.97%), BlackRock Inc. (6.26%), First Trust Advisors LP (1.90%), State Street Corp (1.83%), Sands Capital Management LLC (1.49%) and Geode Capital Management LLC (1.04%). 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 Two Sigma Advisers LP, Janus Henderson Group PLC, Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Deutsche Bank AG, First Trust Advisors LP, and Korea Investment CORP. 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 bought by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., 1832 Asset Management L.P., Franklin Resources Inc., Morgan Stanley, Advisor Group Holdings Inc., Fiera Capital Corp, Champlain Investment Partners LLC, and Public Employees Retirement Association of Colorado. 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 $180.60.

How big of a company is Okta?

Okta has a market capitalization of $22.50 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 6/7/2020 by MarketBeat.com Staff