NASDAQ:OKTAOkta Stock Price, Forecast & News

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 13.5% and is now trading at $130.26. View which stocks have been most impacted by Coronavirus.

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.

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

Okta Inc (NASDAQ:OKTA) issued its quarterly earnings data on Thursday, March, 5th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.05) by $0.04. The company had revenue of $167.33 million for the quarter, compared to analysts' expectations of $155.83 million. Okta had a negative net margin of 35.65% and a negative return on equity of 50.48%. The firm's revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. View Okta's earnings history.

Okta updated its first quarter 2021 IntraDay earnings guidance on Wednesday, April, 1st. The company provided earnings per share (EPS) guidance of -0.17--0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.23.

18 brokers have issued 1 year price targets for Okta's shares. Their forecasts range from $120.00 to $162.00. On average, they expect Okta's stock price to reach $145.22 in the next year. This suggests a possible upside of 11.5% from the stock's current price. View analysts' price targets for Okta.

News stories about OKTA stock have trended very negative on Thursday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Okta earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutOkta.

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 presently 3.9 days. Currently, 10.1% of the shares of the stock are short sold. View Okta's Current Options Chain.

Some companies that are related to Okta include VMware (VMW), ServiceNow (NOW), Activision Blizzard (ATVI), Uber Technologies (UBER), Shopify (SHOP), Dassault Systemes (DASTY), Autodesk (ADSK), Electronic Arts (EA), Veeva Systems (VEEV), Square (SQ), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), Splunk (SPLK) and Citrix Systems (CTXS).

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), Alibaba Group (BABA), Square (SQ), salesforce.com (CRM), Paypal (PYPL), Micron Technology (MU) and Netflix (NFLX).

(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 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.

Okta trades on the NASDAQ under the ticker symbol "OKTA."

Okta's stock is owned by many different retail and institutional investors. Top institutional shareholders include Adviser Investments LLC (0.02%), State of Alaska Department of Revenue (0.02%), IFM Investors Pty Ltd (0.01%), Tuttle Tactical Management (0.00%) and IBM Retirement Fund (0.00%). 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.

OKTA stock was sold by a variety of institutional investors in the last quarter, including Adviser Investments LLC, and IFM Investors Pty Ltd. 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.

OKTA stock was bought by a variety of institutional investors in the last quarter, including Tuttle Tactical Management, IBM Retirement Fund, and State of Alaska Department of Revenue. View insider buying and selling activity for 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.

One share of OKTA stock can currently be purchased for approximately $130.26.

Okta has a market capitalization of $15.99 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.

The official website for Okta is http://www.okta.com/.

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]