NASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis → This military-backed stock “owns” AI market (From Porter & Company) (Ad) Free OKTA Stock Alerts $88.68 -0.13 (-0.15%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$86.25▼$91.5950-Day Range$88.68▼$105.6552-Week Range$65.04▼$114.50Volume4.04 million shsAverage Volume1.92 million shsMarket Capitalization$14.85 billionP/E RatioN/ADividend YieldN/APrice Target$104.81 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.39 Rating ScoreUpside/Downside18.2% Upside$104.81 Price TargetShort InterestHealthy2.89% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.49Based on 49 Articles This WeekInsider TradingSelling Shares$980,415 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.51) to ($1.18) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.06 out of 5 starsComputer And Technology Sector152nd out of 602 stocksPrepackaged Software Industry54th out of 204 stocks 3.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 12 buy ratings, 19 hold ratings, and no sell ratings.Amount of Analyst CoverageOkta has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Okta's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.89% of the outstanding shares of Okta have been sold short.Short Interest Ratio / Days to CoverOkta has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 0.84%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOkta has received a 47.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is false driven by its "Identity management software", "Network security software", and "Cloud security software" products. See details.Environmental SustainabilityThe Environmental Impact score for Okta is -0.60. Previous Next 3.1 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.49. 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 lower news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 49 news articles for Okta this week, compared to 14 articles on an average week.Search Interest61 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 126% compared to the previous 30 days.MarketBeat Follows23 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 35% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $980,415.00 in company stock.Percentage Held by InsidersOnly 7.00% of the stock of Okta is held by insiders.Percentage Held by Institutions86.64% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Okta's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($1.51) to ($1.18) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -53.10, 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. SectorThe P/E ratio of Okta is -53.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Okta's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceWarren Buffett, Jeff Bezos, Michael Bloomberg, & 48 Members of Congress Are Buying ONE Sector…Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market…Click here for the details About Okta Stock (NASDAQ:OKTA)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.Read More OKTA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesMay 31 at 7:40 AM | marketbeat.comOkta, Inc. Stock Falls To Critical Level: What Happens Next?Okta, Inc. NASDAQ: OKTA shares are down more than 5% following its Q1 results and have the market at a critical turning point aligning with prior resistance and current support targets. A move below this level could send the market back to its recent lows, a rebound back to the recent highs.May 31 at 7:40 AM | marketbeat.comOkta, Inc. Stock Falls To Critical Level: What Happens Next?Okta had a solid quarter and raised guidance, but it was insufficient to offset slowing growth and weak internals. Analysts are trimming targets and cap upside.June 1 at 10:07 AM | americanbankingnews.comOkta (NASDAQ:OKTA) Price Target Cut to $110.00June 1 at 2:32 AM | americanbankingnews.comResearch Analysts Offer Predictions for Okta, Inc.'s Q2 2025 Earnings (NASDAQ:OKTA)May 31 at 10:09 AM | fool.comDisappointed in Okta? This Cybersecurity Stock Is a Better BuyMay 31 at 8:10 AM | americanbankingnews.comOkta (NASDAQ:OKTA) Releases Q2 Earnings GuidanceMay 31 at 8:00 AM | businesswire.comOkta to Present at Upcoming Investor ConferenceMay 31 at 6:54 AM | americanbankingnews.comOkta (NASDAQ:OKTA) PT Raised to $110.00 at JPMorgan Chase & Co.May 31 at 6:02 AM | americanbankingnews.comOkta's (OKTA) Buy Rating Reaffirmed at Needham & Company LLCMay 31 at 5:00 AM | americanbankingnews.comOkta (NASDAQ:OKTA) Price Target Cut to $120.00 by Analysts at UBS GroupMay 31 at 4:02 AM | americanbankingnews.comOkta (NASDAQ:OKTA) Stock Rating Reaffirmed by WedbushMay 30 at 12:00 PM | seekingalpha.comOkta slides following Q1 results, but Evercore provides upgradeMay 30 at 9:46 AM | proactiveinvestors.comOkta reduces net losses following 400-strong workforce cullMay 30 at 8:24 AM | americanbankingnews.comOkta (NASDAQ:OKTA) Upgraded to Outperform at Evercore ISIMay 30 at 7:30 AM | investorplace.com3 Growth Stocks With a Clear Shot to 10X by 2032May 30 at 5:06 AM | fool.comForget Nvidia: Billionaires Are Selling It and Buying These 2 Hypergrowth Stocks InsteadMay 29 at 10:02 PM | investorplace.comOKTA Stock Earnings: Okta Beats EPS, Beats Revenue for Q1 2025May 29 at 4:01 PM | businesswire.comOkta Announces First Quarter Fiscal Year 2025 Financial ResultsMay 29 at 3:08 PM | finance.yahoo.comOkta Business Momentum 'Slightly Improving' as Security Breach Impact Fades, Wedbush SaysMay 29 at 1:00 PM | investorplace.com3 Sorry Cybersecurity Stocks to Sell in May While You Still CanMay 28, 2024 | msn.comOkta Q1 earnings on deck; what to expectMay 28, 2024 | markets.businessinsider.comOkta is about to announce its earnings — here's what Wall Street expectsMay 26, 2024 | seekingalpha.comOkta: Turnaround Already Underway After Its Recent PlungeMay 26, 2024 | investorplace.com3 Long-Term Stocks to Buy on the Dip: May 2024May 24, 2024 | finance.yahoo.comOKTA Gears Up to Report Q1 Earnings: What's in the Cards?See More Headlines Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/30/2023Today6/01/2024Next Earnings (Estimated)9/04/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$104.81 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside+18.2%Consensus RatingHold Rating Score (0-4)2.39 Research Coverage31 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-11.69% Pretax Margin-14.89% Return on Equity-3.84% Return on Assets-2.51% Debt Debt-to-Equity Ratio0.20 Current Ratio1.67 Quick Ratio1.67 Sales & Book Value Annual Sales$2.26 billion Price / Sales6.56 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.52Miscellaneous Outstanding Shares167,400,000Free Float155,679,000Market Cap$14.85 billion OptionableOptionable Beta0.98 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 52)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 43)Chief Financial Officer Comp: $640.84kMr. Jacques Frederic Kerrest (Age 46)Co-Founder & Executive Vice Chairperson Comp: $543.39kMr. Sagnik NandyPresident & Chief Development Officer of Workforce IdentityMr. Eugenio PaceCo-founder & President of Business OperationsMs. Alvina Y. Antar (Age 49)Senior VP & Chief Information Officer Dave GennarelliVice President of Investor RelationsMs. Larissa Schwartz (Age 52)Chief Legal Officer & Corporate Secretary Mr. Eric KelleherPresident of Customer Experience & CommunicationsMr. Monty GrayExecutive Vice President of Corporate DevelopmentMore ExecutivesKey CompetitorsCitrix SystemsNASDAQ:CTXSCoupa SoftwareNASDAQ:COUPNetEaseNASDAQ:NTESSnowflakeNYSE:SNOWPalantir TechnologiesNYSE:PLTRView All CompetitorsInsiders & InstitutionsEULAV Asset ManagementSold 2,000 shares on 5/30/2024Ownership: 0.059%Cetera Investment AdvisersBought 8,051 shares on 5/24/2024Ownership: 0.010%Cetera Advisors LLCBought 9,042 shares on 5/24/2024Ownership: 0.005%Swedbank ABBought 80,502 shares on 5/21/2024Ownership: 0.048%Virtu Financial LLCBought 11,205 shares on 5/20/2024Ownership: 0.007%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions Should I buy or sell Okta stock right now? 31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 19 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares. View OKTA analyst ratings or view top-rated stocks. What is Okta's stock price target for 2024? 31 equities research analysts have issued 12 month price targets for Okta's shares. Their OKTA share price targets range from $70.00 to $140.00. On average, they expect the company's share price to reach $104.81 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View analysts price targets for OKTA or view top-rated stocks among Wall Street analysts. How have OKTA shares performed in 2024? Okta's stock was trading at $90.53 at the beginning of 2024. Since then, OKTA stock has decreased by 2.0% and is now trading at $88.68. View the best growth stocks for 2024 here. When is Okta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 4th 2024. View our OKTA earnings forecast. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) released its quarterly earnings results on Wednesday, August, 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The company earned $556 million during the quarter, compared to the consensus estimate of $534.67 million. Okta had a negative net margin of 11.69% and a negative trailing twelve-month return on equity of 3.84%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.19) EPS. What ETFs hold Okta's stock? ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Global X Cybersecurity ETF (BUG), iShares Cybersecurity and Tech ETF (IHAK), WisdomTree Cybersecurity Fund (WCBR), Sterling Capital Focus Equity ETF (LCG), Xtrackers Cybersecurity Select Equity ETF (PSWD), Amplify Cybersecurity ETF (HACK), SPDR S&P Internet ETF (XWEB) and American Century Focused Dynamic Growth ETF (FDG). What guidance has Okta issued on next quarter's earnings? Okta issued an update on its second quarter 2025 earnings guidance on Wednesday, May, 29th. The company provided EPS guidance of 0.600-0.610 for the period, compared to the consensus estimate of 0.540. The company issued revenue guidance of $631.0 million-$633.0 million, compared to the consensus revenue estimate of $615.8 million. What is Todd McKinnon's approval rating as Okta's CEO? 302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Okta own? 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), Block (SQ), Salesforce (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA). When did Okta IPO? Okta (OKTA) raised $154 million in an 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.47%), Champlain Investment Partners LLC (2.33%), Whale Rock Capital Management LLC (1.36%), Bessemer Group Inc. (0.51%), Jackson Square Partners LLC (0.41%) and Mirae Asset Global Investments Co. Ltd. (0.39%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, Larissa Schwartz, Ledger Susan St, Robert L Dixon Jr, Shellye L Archambeau, Shibu Ninan, Todd Burrowes 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. Compare Top Brokerages Here. Does Okta have any subsidiaries? The following companies are subsidiares of Okta: Azuqua, Azuqua Inc., Okta Australia Pty Limited, Okta France SAS, Okta GmbH, Okta Identity Netherlands BV, Okta SG Pte. Ltd., Okta Software Canada Inc., Okta UK LTD, ScaleFT, ScaleFT Inc., SpydrSafe Mobile Security, SpydrSafe Mobile Security Inc., Stormpath, and Workflow Automation.Read More This page (NASDAQ:OKTA) was last updated on 6/1/2024 by MarketBeat.com Staff From Our PartnersThe #1 Crypto That You Don’t Own… YetCrypto 101 MediaDems have chosen Biden replacement?Paradigm PressBiden Nomination CANCELED?The Freeport SocietyClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsTrump’s Gift Could Unleash $51 Billion in New WealthWealthpin ProShocking: One AI startup's revenue could surge 4,735%Manward PressMust-See: Elon’s New Invention is Absolutely InsaneInvestorPlaceNvidia is about to pass AppleWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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