Okta (OKTA) Stock Price, News & Analysis

Company Overview

Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $111.11 to $114.41
• 50-Day Range: $87.16 to $116.72
• 52-Week Range: $70.56 to $118.07
• Volume: 2.52 million shs
• Average Volume: 2.72 million shs
• Market Capitalization: $19.60 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $116.12
• Consensus Rating: Moderate Buy

Okta Stock Analysis - MarketRank™

Okta scored higher than 85% of companies evaluated by MarketBeat, and ranked 126th out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Okta has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 19 buy ratings, 13 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Okta has been the subject of 26 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 47.62%

Earnings Growth

Earnings for Okta are expected to grow by 47.62% in the coming year, from $0.42 to $0.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Okta is -322.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Okta is -322.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Okta has a PEG Ratio of 6.42. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Okta has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.64% of the float of Okta has been sold short.

Short Interest Ratio / Days to Cover

Okta has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Okta has recently decreased by 4.33%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Okta does not currently pay a dividend.

Dividend Growth

Okta does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.60

Percentage of Shares Shorted

2.64% of the float of Okta has been sold short.

Short Interest Ratio / Days to Cover

Okta has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Okta has recently decreased by 4.33%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.22

News Sentiment

Okta has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 35 news articles for Okta this week, compared to 19 articles on an average week.

Search Interest

Only 31 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

Only 27 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,952,256.00 in company stock.

Percentage Held by Insiders

Only 7.00% of the stock of Okta is held by insiders.

Percentage Held by Institutions

86.64% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OKTA Stock Analysis - Frequently Asked Questions

How have OKTA shares performed this year?

Okta's stock was trading at $78.80 on January 1st, 2025. Since then, OKTA shares have increased by 43.3% and is now trading at $112.90.
View the best growth stocks for 2025 here.

How were Okta's earnings last quarter?

Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, August, 30th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The firm's revenue for the quarter was up 23.0% compared to the same quarter last year.
Read the conference call transcript.

Does Okta have any subsidiaries?

Okta subsidiaries include Azuqua, Workflow Automation, ScaleFT, Stormpath, SpydrSafe Mobile Security, Azuqua Inc., Okta Australia Pty Limited, and others.

When did Okta IPO?

Okta (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 served 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?

Top institutional investors of Okta include Massachusetts Financial Services Co. MA (2.13%), Ninety One UK Ltd (1.04%), Penserra Capital Management LLC (0.52%) and Stephens Investment Management Group LLC (0.29%). Insiders that own company stock include Brett Tighe, Jonathan T Runyan, Ledger Susan St, Larissa Schwartz, Jonathan James Addison, Christopher K Kramer, Eric Robert Kelleher, Shellye L Archambeau, Shibu Ninan, Robert L Dixon Jr, Jacques Frederic Kerrest and Todd Mckinnon.
View institutional ownership trends.

How do I buy shares of Okta?

Shares of OKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Okta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Okta investors own include Digital Turbine (APPS), CrowdStrike (CRWD), SoFi Technologies (SOFI), Archer Aviation (ACHR) and ChargePoint (CHPT).

Company Calendar

• Last Earnings: 8/30/2023
• Today: 5/02/2025
• Next Earnings (Estimated): 5/27/2025
• Fiscal Year End: 1/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:OKTA
• CIK: 1660134
• Web: www.okta.com
• Phone: (888) 722-7871
• Fax: N/A
• Employees: 6,010
• Year Founded: 2009

Price Target and Rating

• Average Stock Price Target: $116.12
• High Stock Price Target: $140.00
• Low Stock Price Target: $75.00
• Potential Upside/Downside: +1.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 35 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.04
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 271.35
• P/E Growth: 6.42
• Net Income: $-355,000,000.00
• Net Margins: -1.54%
• Pretax Margin: -1.14%
• Return on Equity: 0.47%
• Return on Assets: 0.32%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 1.34
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: $2.61 billion
• Price / Sales: 7.58
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $35.17 per share
• Price / Book: 3.24

Miscellaneous

• Outstanding Shares: 173,603,000
• Free Float: 159,360,000
• Market Cap: $19.78 billion
• Optionable: Optionable
• Beta: 1.07