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.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone888-722-7871
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$399.25 million
Profitability
Miscellaneous
Employees1,561
Next Earnings Date3/5/2020 (Estimated)
OptionableOptionable
Okta (NASDAQ:OKTA) Frequently Asked Questions
What is Okta's stock symbol?
Okta trades on the NASDAQ under the ticker symbol "OKTA."
How were Okta's earnings last quarter?
Okta Inc (NASDAQ:OKTA) posted its earnings results on Thursday, December, 5th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.12) by $0.05. The company earned $153.04 million during the quarter, compared to analyst estimates of $143.88 million. Okta had a negative net margin of 35.43% and a negative return on equity of 53.08%. Okta's revenue for the quarter was up 45.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. View Okta's Earnings History.
When is Okta's next earnings date?
What guidance has Okta issued on next quarter's earnings?
Okta updated its fourth quarter earnings guidance on Thursday, December, 5th. The company provided earnings per share (EPS) guidance of $(0.05)-(0.04) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.07). The company issued revenue guidance of $155-156 million, compared to the consensus revenue estimate of $153.05 million.
What price target have analysts set for OKTA?
18 equities research analysts have issued 1 year target prices for Okta's shares. Their forecasts range from $85.00 to $154.00. On average, they anticipate Okta's share price to reach $135.53 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Okta.
What is the consensus analysts' recommendation for 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.
Has Okta been receiving favorable news coverage?
News articles about OKTA stock have been trending negative on Wednesday, according to InfoTrie. The research firm scores the sentiment of 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 -5 to 5, with scores closest to five being the most favorable. Okta earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for Okta.
Who are some of Okta's key competitors?
Some companies that are related to Okta include Uber Technologies (UBER), VMware (VMW), ServiceNow (NOW), Shopify (SHOP), Dassault Systemes (DASTY), Activision Blizzard (ATVI), Autodesk (ADSK), Electronic Arts (EA), Square (SQ), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Veeva Systems (VEEV), Cadence Design Systems (CDNS) and Paycom Software (PAYC).
What other stocks do shareholders of Okta own?
Who are Okta's key executives?
Okta's management team includes the folowing 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 (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.
Who are Okta's major shareholders?
Okta's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.20%), Peregrine Capital Management LLC (0.17%), Rosenblum Silverman Sutton S F Inc. CA (0.04%), Johanson Financial Advisors Inc. (0.04%), Columbus Circle Investors (0.04%) and State of Alaska Department of Revenue (0.02%). 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 institutional investors are selling Okta stock?
OKTA stock was sold by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Peregrine Capital Management LLC, Tocqueville Asset Management L.P., Rosenblum Silverman Sutton S F Inc. CA, Viridian Ria LLC, World Asset Management Inc, Wedbush Securities Inc. 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 for Okta.
Which institutional investors are buying Okta stock?
OKTA stock was purchased by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., California Public Employees Retirement System, SG Americas Securities LLC, Huntington National Bank, Barton Investment Management, AdvisorShares Investments LLC, NewSquare Capital LLC and PFG Advisors. View Insider Buying and Selling 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 $127.47.
How big of a company is Okta?
Okta has a market capitalization of $15.45 billion and generates $399.25 million in revenue each year. The company earns $-125,500,000.00 in net income (profit) each year or ($1.03) 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?
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)
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.
