OKTA vs. TYL, CHKP, MANH, NTNX, SSNC, NICE, BSY, DT, PTC, and TWLO
Should you be buying Okta stock or one of its competitors? The main competitors of Okta include Tyler Technologies (TYL), Check Point Software Technologies (CHKP), Manhattan Associates (MANH), Nutanix (NTNX), SS&C Technologies (SSNC), NICE (NICE), Bentley Systems (BSY), Dynatrace (DT), PTC (PTC), and Twilio (TWLO). These companies are all part of the "prepackaged software" industry.
Okta (NASDAQ:OKTA) and Tyler Technologies (NYSE:TYL) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their risk, valuation, analyst recommendations, profitability, media sentiment, earnings, community ranking, dividends and institutional ownership.
Okta presently has a consensus price target of $100.39, indicating a potential downside of 5.19%. Tyler Technologies has a consensus price target of $457.86, indicating a potential upside of 9.97%. Given Tyler Technologies' stronger consensus rating and higher probable upside, analysts plainly believe Tyler Technologies is more favorable than Okta.
Okta has a beta of 1, meaning that its stock price has a similar volatility profile to the S&P 500.Comparatively, Tyler Technologies has a beta of 0.82, meaning that its stock price is 18% less volatile than the S&P 500.
In the previous week, Tyler Technologies had 19 more articles in the media than Okta. MarketBeat recorded 30 mentions for Tyler Technologies and 11 mentions for Okta. Okta's average media sentiment score of 0.65 beat Tyler Technologies' score of 0.43 indicating that Okta is being referred to more favorably in the media.
Tyler Technologies has lower revenue, but higher earnings than Okta. Okta is trading at a lower price-to-earnings ratio than Tyler Technologies, indicating that it is currently the more affordable of the two stocks.
Tyler Technologies has a net margin of 8.50% compared to Okta's net margin of -15.69%. Tyler Technologies' return on equity of 8.85% beat Okta's return on equity.
77.5% of Okta shares are held by institutional investors. Comparatively, 91.3% of Tyler Technologies shares are held by institutional investors. 7.4% of Okta shares are held by company insiders. Comparatively, 2.2% of Tyler Technologies shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Tyler Technologies received 93 more outperform votes than Okta when rated by MarketBeat users. Likewise, 74.52% of users gave Tyler Technologies an outperform vote while only 59.55% of users gave Okta an outperform vote.
Summary
Tyler Technologies beats Okta on 13 of the 18 factors compared between the two stocks.
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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 ChartThis 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.
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