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NASDAQ:OKTA - Okta Stock Price, Forecast & News

$121.05
-2.25 (-1.82 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$116.01
Now: $121.05
$126.35
50-Day Range
$96.08
MA: $125.13
$139.50
52-Week Range
$80.01
Now: $121.05
$142.98
Volume1.83 million shs
Average Volume2.80 million shs
Market Capitalization$14.86 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.91
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.
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Okta logo

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:OKTA
CUSIPN/A
Phone888-722-7871

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$586.07 million
Book Value$3.30 per share

Profitability

Net Income$-208,910,000.00

Miscellaneous

Employees1,561
Market Cap$14.86 billion
Next Earnings Date6/4/2020 (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 (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.

Do Wall Street analysts recommend investors buy shares of Okta?

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.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Okta.

How were Okta's earnings last quarter?

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.

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

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.

What price target have analysts set for OKTA?

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.

Has Okta been receiving favorable news coverage?

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.

Are investors shorting Okta?

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.

Who are some of Okta's key 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), Twilio (TWLO), Shopify (SHOP), Trade Desk (TTD), Alibaba Group (BABA), salesforce.com (CRM), Square (SQ), Paypal (PYPL), Micron Technology (MU) and Netflix (NFLX).

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 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 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.

Which major investors are selling Okta stock?

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.

Which major investors are buying Okta stock?

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.

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 $121.05.

How big of a company is Okta?

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.

What is Okta's official website?

The official website for Okta is http://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]


MarketBeat Community Rating for Okta (NASDAQ OKTA)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  378 (Vote Outperform)
Underperform Votes:  290 (Vote Underperform)
Total Votes:  668
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.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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