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Okta (OKTA) Stock Forecast, Price & News

$82.63
+3.77 (+4.78%)
(As of 05/25/2022 03:59 PM ET)
Add
Compare
Today's Range
$78.10
$83.78
50-Day Range
$78.77
$174.50
52-Week Range
$77.01
$276.30
Volume
74,928 shs
Average Volume
2.65 million shs
Market Capitalization
$12.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.15
30 days | 90 days | 365 days | Advanced Chart
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Okta logo

About Okta

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.

Headlines

Okta (NASDAQ:OKTA) Stock Price Up 4.4%
Okta (NASDAQ:OKTA) PT Lowered to $150.00
Okta (NASDAQ:OKTA) Hits New 52-Week Low on Analyst Downgrade
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:OKTA
Fax
N/A
Employees
5,030
Year Founded
2009

Sales & Book Value

Annual Sales
$1.30 billion
Book Value
$37.81 per share

Profitability

Net Income
$-848.41 million
Pretax Margin
-65.35%

Debt

Price-To-Earnings

Miscellaneous

Free Float
144,787,000
Market Cap
$12.95 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/02/2022
Today
5/25/2022
Next Earnings (Confirmed)
6/02/2022
Fiscal Year End
1/31/2023

Social Links


MarketRank

Overall MarketRank

2.40 out of 5 stars

Computer And Technology Sector

261st out of 929 stocks

Prepackaged Software Industry

67th out of 298 stocks

Analyst Opinion: 4.4Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -













Okta (NASDAQ:OKTA) Frequently Asked Questions

Is Okta a buy right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 7 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Okta stock.
View analyst ratings for Okta
or view top-rated stocks.

Are investors shorting Okta?

Okta saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,850,000 shares, an increase of 23.4% from the April 30th total of 5,550,000 shares. Based on an average trading volume of 2,960,000 shares, the days-to-cover ratio is presently 2.3 days.
View Okta's Short Interest
.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, June 2nd 2022.
View our earnings forecast for Okta
.

How can I listen to Okta's earnings call?

Okta will be holding an earnings conference call on Thursday, June 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) issued its earnings results on Wednesday, March, 2nd. The company reported ($1.20) earnings per share for the quarter, beating the consensus estimate of ($1.27) by $0.07. The firm had revenue of $383.02 million for the quarter, compared to analyst estimates of $359.46 million. Okta had a negative trailing twelve-month return on equity of 13.61% and a negative net margin of 65.25%. During the same quarter in the prior year, the business posted ($0.37) earnings per share.
View Okta's earnings history
.

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

Okta issued an update on its FY 2023 earnings guidance on Wednesday, March, 30th. The company provided EPS guidance of $-1.270-$-1.240 for the period, compared to the consensus estimate of $-0.490. The company issued revenue guidance of $1.78 billion-$1.79 billion, compared to the consensus revenue estimate of $1.75 billion.

What price target have analysts set for OKTA?

26 brokers have issued twelve-month target prices for Okta's shares. Their forecasts range from $125.00 to $310.00. On average, they anticipate Okta's share price to reach $221.35 in the next year. This suggests a possible upside of 167.9% from the stock's current price.
View analysts' price targets for Okta
or view top-rated stocks among Wall Street analysts.

Who are Okta's key executives?
Okta's management team includes the following people:
What is Todd McKinnon's approval rating as Okta's CEO?

302 employees have rated Okta CEO Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among Okta'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), Square (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 a price of $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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.62%), Capital Research Global Investors (1.80%), Sands Capital Management LLC (1.68%), Deer Management Co. LLC (1.66%), First Trust Advisors LP (1.48%) and Jennison Associates LLC (1.15%). Company insiders that own Okta 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, Robert L Dixon Jr, Todd Burrowes, Todd Mckinnon, William E Losch and William E Losch.
View institutional ownership trends for Okta
.

Which institutional investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Capital International Investors, Jennison Associates LLC, American Century Companies Inc., SQN Investors LP, Growth Interface Management LLC, Nomura Holdings Inc., and Blair William & Co. IL. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Ledger Susan St, Robert L Dixon Jr, Todd Burrowes, and Todd Mckinnon.
View insider buying and selling activity for Okta
or view top insider-selling stocks.

Which institutional investors are buying Okta stock?

OKTA stock was bought by a variety of institutional investors in the last quarter, including Steadfast Capital Management LP, Renaissance Technologies LLC, Vanguard Group Inc., Champlain Investment Partners LLC, HPC Germany GmbH & Co. KG, Neuberger Berman Group LLC, Swiss National Bank, and Qube Research & Technologies Ltd.
View insider buying and selling activity for Okta
or or view top insider-buying stocks.

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 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 $82.63.

How much money does Okta make?

Okta has a market capitalization of $12.95 billion and generates $1.30 billion in revenue each year. The company earns $-848.41 million in net income (profit) each year or ($5.66) on an earnings per share basis.

How many employees does Okta have?

Okta 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.

When was Okta founded?

Okta was founded in 2009.

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 5/25/2022 by MarketBeat.com Staff

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