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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Why Your IRA Could Crash on January 16th? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
The 3-Stock Retirement Blueprint (Ad)
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Why Your IRA Could Crash on January 16th? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
The 3-Stock Retirement Blueprint (Ad)
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Why Your IRA Could Crash on January 16th? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Moldova signs new energy deal that could ease blackout risk
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
OPEC+ oil producers face uncertainty over Russian sanctions
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
The 3-Stock Retirement Blueprint (Ad)
OPEC keeps oil targets amid uncertainty on Russian sanctions
FDA change ushers in cheaper, easier-to-get hearing aids
Most-Downgraded Stocks  
NASDAQ:OKTA

Okta - OKTA Stock Forecast, Price & News

$65.08
-2.35 (-3.49%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$63.40
▼
$66.94
50-Day Range
$45.02
▼
$67.43
52-Week Range
$44.12
▼
$244.18
Volume
6.62 million shs
Average Volume
5.43 million shs
Market Capitalization
$10.34 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$87.41

Okta MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
34.6% Upside
$87.59 Price Target
Short Interest
Bearish
5.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.31mentions of Okta in the last 14 days
Based on 52 Articles This Week
Insider Trading
Selling Shares
$3.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.07) to ($4.57) Per Share

Overall MarketRank™

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

2.51 out of 5 stars

Computer And Technology Sector

180th out of 633 stocks

Prepackaged Software Industry

58th out of 221 stocks

See Top Rated MarketRank™ Stocks Here
OKTA stock logo

About Okta (NASDAQ:OKTA) Stock

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 and services, 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 applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

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OKTA Stock News Headlines

December 2, 2022 | marketbeat.com
Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost?
Okta is struggling but a recent earnings beat has boosted expectations. Can they maintain this momentum and get out of the red?
November 30, 2022 | marketbeat.com
Dark Clouds Are Gathering For Cloud Stocks  (OKTA)
Dark clouds have appeared on the horizon for cloud stocks and they could bring a storm to the market ... but some analysts say this is an opportunity.
December 4, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) Price Target Cut to $80.00
December 4, 2022 | americanbankingnews.com
Analysts Set Okta, Inc. (NASDAQ:OKTA) Price Target at $79.04
December 4, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) Stock Price Down 4.3% Following Analyst Downgrade
December 3, 2022 | fool.com
Has Okta Turned the Corner On Its Troubled Acquisition?
December 3, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) Price Target Raised to $70.00 at Guggenheim
December 3, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) Given New $70.00 Price Target at Stephens
December 3, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) PT Raised to $69.00 at BMO Capital Markets
December 3, 2022 | americanbankingnews.com
Q2 2024 Earnings Estimate for Okta, Inc. (NASDAQ:OKTA) Issued By Jefferies Financial Group
December 2, 2022 | benzinga.com
Okta, Atlassian Are 'Zombie Stocks' In Danger Of Dropping To $0: Analyst
December 2, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) Price Target Raised to $80.00 at Royal Bank of Canada
December 2, 2022 | americanbankingnews.com
Okta (NASDAQ:OKTA) Price Target Lowered to $85.00 at Oppenheimer
December 2, 2022 | americanbankingnews.com
DA Davidson Increases Okta (NASDAQ:OKTA) Price Target to $60.00
December 2, 2022 | finance.yahoo.com
Is Okta, Inc. (NASDAQ:OKTA) Trading At A 35% Discount?
December 2, 2022 | finance.yahoo.com
Why Okta Stock Was Up Big This Week
December 1, 2022 | finance.yahoo.com
Earnings show cloud and security software are not immune to the economic downturn
December 1, 2022 | finance.yahoo.com
Salesforce, G-III, Lands’ End, Okta, and More Market Movers
December 1, 2022 | investorplace.com
Why Is Okta (OKTA) Stock Rising 20% Today?
December 1, 2022 | seekingalpha.com
Okta Earnings: The Worst Is Over, Profitability To Increase Next Year
December 1, 2022 | finance.yahoo.com
Salesforce, Snowflake, Okta, and More Stock Market Movers
December 1, 2022 | fool.com
Okta (OKTA) Q3 2023 Earnings Call Transcript
November 30, 2022 | finance.yahoo.com
Okta Announces Third Quarter Fiscal Year 2023 Financial Results
November 30, 2022 | finance.yahoo.com
Stocks moving in after hours: Salesforce, Okta, Snowflake, Five Below
November 30, 2022 | finance.yahoo.com
Okta (OKTA) Reports Break-Even Earnings for Q3
See More Headlines
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OKTA Company Calendar

Last Earnings
12/01/2021
Today
12/04/2022
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
2/28/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:OKTA
CUSIP
N/A
CIK
1660134
Web
www.okta.com
Phone
(888) 722-7871
Fax
N/A
Employees
5,030
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$87.59
High Stock Price Forecast
$260.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+34.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
30 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($5.78)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-848,410,000.00
Net Margins
-52.19%
Pretax Margin
-56.45%
Return on Equity
-13.48%
Return on Assets
-8.31%

Debt

Debt-to-Equity Ratio
0.40
Current Ratio
2.38
Quick Ratio
2.38

Sales & Book Value

Annual Sales
$1.30 billion
Price / Sales
7.95
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$37.81 per share
Price / Book
1.72

Miscellaneous

Outstanding Shares
158,870,000
Free Float
146,799,000
Market Cap
$10.34 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • Mr. Todd McKinnonMr. Todd McKinnon (Age 50)
    Co-Founder, Chairman & CEO
    Comp: $508.63k
  • Mr. Jacques Frederic KerrestMr. Jacques Frederic Kerrest (Age 44)
    Co-Founder, Exec. Vice Chairperson & COO
    Comp: $543.39k
  • Mr. Jonathan T. RunyanMr. Jonathan T. Runyan (Age 45)
    Gen. Counsel & Sec.
    Comp: $526.32k
  • Mr. Michael R. KoureyMr. Michael R. Kourey (Age 62)
    Advisor
    Comp: $643.06k
  • Mr. Brett TigheMr. Brett Tighe (Age 41)
    Chief Financial Officer
  • Mr. Shibu Ninan
    Chief Accounting Officer
  • Mr. Sagnik Nandy
    Pres of Technology & CTO
  • Ms. Alvina Y. Antar (Age 47)
    Sr. VP & Chief Information Officer
  • Dave Gennarelli
    VP of Investor Relations
  • Mr. Monty Gray
    Sr. VP of Corp. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













OKTA Stock - Frequently Asked Questions

Should I buy or sell Okta stock right now?

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 2 sell ratings, 13 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares.
View OKTA analyst ratings or view top-rated stocks.

What is Okta's stock price forecast for 2023?

30 brokerages have issued 1-year price targets for Okta's stock. Their OKTA share price forecasts range from $45.00 to $260.00. On average, they expect the company's stock price to reach $87.59 in the next twelve months. This suggests a possible upside of 34.6% 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 2022?

Okta's stock was trading at $224.17 on January 1st, 2022. Since then, OKTA shares have decreased by 71.0% and is now trading at $65.08.
View the best growth stocks for 2022 here.

When is Okta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our OKTA earnings forecast.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) announced its quarterly earnings data on Wednesday, December, 1st. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.17. The company had revenue of $350.68 million for the quarter, compared to the consensus estimate of $327.33 million. Okta had a negative net margin of 52.19% and a negative trailing twelve-month return on equity of 13.48%. During the same period in the prior year, the firm earned ($0.38) earnings per share.

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

Okta updated its fourth quarter earnings guidance on Wednesday, November, 30th. The company provided earnings per share guidance of $0.09-$0.10 for the period, compared to the consensus estimate of ($0.12). The company issued revenue guidance of $488-$490 million, compared to the consensus revenue estimate of $488.71 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.86%), First Trust Advisors LP (2.38%), Deer Management Co. LLC (1.72%), Sands Capital Management LLC (1.54%), Two Sigma Investments LP (1.05%) and Citadel Advisors LLC (0.00%). 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.
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 $65.08.

How much money does Okta make?

Okta (NASDAQ:OKTA) has a market capitalization of $10.34 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.

How many employees does Okta have?

The company employs 5,030 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 12/4/2022 by MarketBeat.com Staff