Free Trial

Okta (OKTA) Competitors

$102.63
-0.33 (-0.32%)
(As of 04:00 PM ET)

OKTA vs. NTNX, BSY, CHKP, SSNC, NICE, DT, MANH, TYL, TWLO, and PTC

Should you be buying Okta stock or one of its competitors? The main competitors of Okta include Nutanix (NTNX), Bentley Systems (BSY), Check Point Software Technologies (CHKP), SS&C Technologies (SSNC), NICE (NICE), Dynatrace (DT), Manhattan Associates (MANH), Tyler Technologies (TYL), Twilio (TWLO), and PTC (PTC). These companies are all part of the "prepackaged software" industry.

Okta vs.

Okta (NASDAQ:OKTA) and Nutanix (NASDAQ:NTNX) are both large-cap computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their media sentiment, profitability, institutional ownership, dividends, risk, earnings, analyst recommendations, valuation and community ranking.

86.6% of Okta shares are owned by institutional investors. Comparatively, 85.3% of Nutanix shares are owned by institutional investors. 7.0% of Okta shares are owned by insiders. Comparatively, 0.5% of Nutanix shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

In the previous week, Okta had 7 more articles in the media than Nutanix. MarketBeat recorded 14 mentions for Okta and 7 mentions for Nutanix. Nutanix's average media sentiment score of 0.97 beat Okta's score of 0.74 indicating that Nutanix is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Okta
7 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Nutanix
3 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Nutanix received 132 more outperform votes than Okta when rated by MarketBeat users. Likewise, 69.64% of users gave Nutanix an outperform vote while only 59.53% of users gave Okta an outperform vote.

CompanyUnderperformOutperform
OktaOutperform Votes
531
59.53%
Underperform Votes
361
40.47%
NutanixOutperform Votes
663
69.64%
Underperform Votes
289
30.36%

Okta currently has a consensus target price of $101.84, indicating a potential downside of 0.73%. Nutanix has a consensus target price of $65.69, indicating a potential downside of 8.25%. Given Okta's higher probable upside, equities research analysts plainly believe Okta is more favorable than Nutanix.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Okta
0 Sell rating(s)
20 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.33
Nutanix
0 Sell rating(s)
2 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.86

Okta has a beta of 0.98, indicating that its stock price is 2% less volatile than the S&P 500. Comparatively, Nutanix has a beta of 1.27, indicating that its stock price is 27% more volatile than the S&P 500.

Nutanix has lower revenue, but higher earnings than Okta. Nutanix is trading at a lower price-to-earnings ratio than Okta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Okta$2.26B7.58-$355M-$2.17-47.24
Nutanix$1.86B9.48-$254.56M-$0.36-200.86

Nutanix has a net margin of -3.84% compared to Okta's net margin of -15.69%. Nutanix's return on equity of 0.00% beat Okta's return on equity.

Company Net Margins Return on Equity Return on Assets
Okta-15.69% -5.69% -3.67%
Nutanix -3.84%N/A -0.59%

Summary

Nutanix beats Okta on 12 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding OKTA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

OKTA vs. The Competition

MetricOktaPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$17.16B$21.64B$19.93B$7.99B
Dividend YieldN/A2.03%2.70%3.91%
P/E Ratio-47.2453.61220.7614.81
Price / Sales7.588.80538.1073.68
Price / CashN/A69.9028.9729.27
Price / Book2.9110.077.224.56
Net Income-$355M$358.64M$608.59M$212.43M
7 Day Performance4.19%2.81%2.62%4.87%
1 Month Performance11.40%7.47%7.71%9.25%
1 Year Performance24.80%17.09%26.03%10.45%

Okta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NTNX
Nutanix
3.6721 of 5 stars
$67.29
+2.6%
$65.69
-2.4%
+174.4%$16.44B$1.86B-186.926,450Positive News
BSY
Bentley Systems
4.2492 of 5 stars
$55.49
+1.2%
$61.29
+10.4%
+22.6%$16.01B$1.23B51.865,200
CHKP
Check Point Software Technologies
4.873 of 5 stars
$148.91
-0.7%
$169.18
+13.6%
+24.5%$16.81B$2.41B20.686,450Positive News
SSNC
SS&C Technologies
4.8516 of 5 stars
$63.20
+0.2%
$70.20
+11.1%
+13.4%$15.63B$5.50B25.1826,000Insider Selling
NICE
NICE
4.5523 of 5 stars
$224.00
-0.7%
$296.09
+32.2%
+1.2%$14.08B$2.38B44.018,384Analyst Forecast
Analyst Revision
DT
Dynatrace
4.9802 of 5 stars
$46.43
+1.1%
$61.00
+31.4%
-1.9%$13.67B$1.16B70.354,180
MANH
Manhattan Associates
4.5961 of 5 stars
$216.64
+1.4%
$234.86
+8.4%
+29.2%$13.34B$928.72M70.804,580Analyst Revision
TYL
Tyler Technologies
4.2451 of 5 stars
$484.51
+0.7%
$492.22
+1.6%
+24.1%$20.57B$1.95B109.627,300
TWLO
Twilio
4.4113 of 5 stars
$62.23
0.0%
$69.95
+12.4%
+21.2%$11.33B$4.19B-15.525,867Analyst Forecast
PTC
PTC
4.4838 of 5 stars
$180.53
+0.8%
$200.64
+11.1%
+37.3%$21.61B$2.10B75.547,231

Related Companies and Tools

This page (NASDAQ:OKTA) was last updated on 5/20/2024 by MarketBeat.com Staff

From Our Partners