NASDAQ:OKTA

Okta Stock Forecast, Price & News

$247.79
-0.39 (-0.16 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$244.40
$250.93
50-Day Range
$210.72
$257.91
52-Week Range
$185.05
$294.00
Volume904,924 shs
Average Volume1.27 million shs
Market Capitalization$32.85 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.98
30 days | 90 days | 365 days | Advanced Chart
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Okta logo

About Okta

Okta, Inc. provides identity management platform 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; and 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. It also provides 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; API Access Management that enables organizations to secure APIs; Advanced Server Access to secure cloud infrastructure; and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications. In addition, the company 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 incorporated in 2009 and is headquartered in San Francisco, California.

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MarketRank

Overall MarketRank

2.25 out of 5 stars

Computer And Technology Sector

124th out of 643 stocks

Prepackaged Software Industry

34th out of 138 stocks

Analyst Opinion: 3.3Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Okta (NASDAQ:OKTA) Frequently Asked Questions

Is Okta a buy right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Okta stock.
View analyst ratings for Okta
or view top-rated stocks.

What stocks does MarketBeat like better than Okta?

Wall Street analysts have given Okta a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Okta wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Okta's next earnings date?

Okta is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast for Okta
.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings results on Tuesday, May, 25th. The company reported ($0.10) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.20) by $0.10. The business had revenue of $251.01 million for the quarter, compared to the consensus estimate of $238.56 million. Okta had a negative net margin of 35.18% and a negative trailing twelve-month return on equity of 30.90%.
View Okta's earnings history
.

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

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OKTA shares have increased by 115.9% and is now trading at $247.79.
View which stocks have been most impacted by COVID-19
.

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

Okta issued an update on its FY 2022 earnings guidance on Tuesday, June, 22nd. The company provided EPS guidance of $-1.160--1.130 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.440. The company issued revenue guidance of $1.22 billion-1.23 billion, compared to the consensus revenue estimate of $1.09 billion.

What price target have analysts set for OKTA?

21 brokerages have issued 1 year target prices for Okta's stock. Their forecasts range from $230.00 to $312.00. On average, they anticipate Okta's share price to reach $275.00 in the next twelve months. This suggests a possible upside of 11.0% 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.

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), Shopify (SHOP), Twilio (TWLO), The Trade Desk (TTD), Square (SQ), salesforce.com (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

When did Okta IPO?

(OKTA) raised $154 million in an 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 shareholders include Alliancebernstein L.P. (0.12%), Cutler Group LP (0.00%), TCW Group Inc. (0.04%), Carnegie Capital Asset Management LLC (0.04%), NZS Capital LLC (0.04%) and Moody National Bank Trust Division (0.03%). 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, L Michelle Wilson, Michael R Kourey, Patrick W Grady, Todd Burrowes, Todd Mckinnon, William E Losch 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 Carnegie Capital Asset Management LLC, Alliancebernstein L.P., Sumitomo Mitsui DS Asset Management Company Ltd, Harel Insurance Investments & Financial Services Ltd., EFG Asset Management Americas Corp., AXS Investments LLC, Perigon Wealth Management LLC, and Meridian Wealth Management LLC. Company insiders that have sold Okta company stock in the last year include Benjamin A Horowitz, Brett Tighe, Charles Race, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, L Michelle Wilson, Michael R Kourey, Todd Burrowes, Todd Mckinnon, and William E Losch.
View insider buying and selling activity for Okta
or view top insider-selling stocks.

Which major investors are buying Okta stock?

OKTA stock was acquired by a variety of institutional investors in the last quarter, including NZS Capital LLC, TCW Group Inc., Davy Global Fund Management Ltd, Cutler Group LP, Bordeaux Wealth Advisors LLC, IFM Investors Pty Ltd, Sarasin & Partners LLP, and Brookstone Capital Management.
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 $247.79.

How much money does Okta make?

Okta has a market capitalization of $32.85 billion and generates $835.42 million in revenue each year. The company earns $-266,330,000.00 in net income (profit) each year or ($1.41) on an earnings per share basis.

How many employees does Okta have?

Okta employs 3,056 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.

Where are Okta's headquarters?

Okta is headquartered at 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105.

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 7/31/2021 by MarketBeat.com Staff
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