Most-Downgraded StocksMost-DowngradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $72.45 -2.26 (-3.03%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$72.12â–Ľ$75.3450-Day Range$72.45â–Ľ$100.3952-Week Range$65.04â–Ľ$114.50Volume2.46 million shsAverage Volume1.92 million shsMarket Capitalization$12.19 billionP/E RatioN/ADividend YieldN/APrice Target$105.14 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.34 Rating ScoreUpside/Downside45.1% Upside$105.14 Price TargetShort InterestHealthy2.44% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.41Based on 22 Articles This WeekInsider TradingSelling Shares$34.41 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.24) to ($0.05) 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.4.70 out of 5 starsComputer And Technology Sector72nd out of 594 stocksPrepackaged Software Industry20th out of 202 stocks 4.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.34, and is based on 11 buy ratings, 17 hold ratings, and 1 sell rating.Amount of Analyst CoverageOkta has been the subject of 20 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 5.0 Short Interest Percentage of Shares Shorted2.44% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 8.67%, indicating that investor sentiment is improving significantly. 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 2.5 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.41. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Okta this week, compared to 15 articles on an average week.Search InterestOnly 37 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows19 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 58% 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 $34,411,773.00 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 ($0.24) to ($0.05) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -43.38, 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 -43.38, 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 2.06. 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 Paradigm PressKamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… Click here now and learn how to prepare. 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 HeadlinesSeptember 7 at 7:45 AM | marketbeat.comCloud Security Stocks Face Off: Find Out Who’s Leading the Market (OKTA)The cloud security sector is booming, with one company emerging as a leader due to its cloud-native approach, strong financials, and innovative technology.August 29, 2024 | marketbeat.comExpanding Its "Partner Ecosystem" Could Reignite Growth at OKTA OKTA is moving closer to non-adjusted profitability, but revenues continue to slow. Its partner ecosystem may be able to reinvigorate growth.September 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…August 16, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Insider Sells $257,195.90 in StockSeptember 6 at 4:02 PM | seekingalpha.comOkta, Inc. (OKTA) Citi's 2024 Global TMT Conference (Transcript)September 6 at 5:49 AM | americanbankingnews.comOkta (NASDAQ:OKTA) Given New $85.00 Price Target at SusquehannaSeptember 6 at 3:51 AM | fool.comOkta Shares Still Look Overvalued, Even After Plummeting Lower RecentlySeptember 5 at 5:48 PM | msn.comShort-Term Headwinds Shadow Okta’s (NASDAQ:OKTA) Bright ProspectsSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…September 5 at 3:28 PM | fool.comWhy Okta Stock Lost 16% in AugustSeptember 4 at 10:44 AM | fool.comOkta Stock Falls as Outlook Disappoints. Time to Buy the Dip?September 3, 2024 | markets.businessinsider.comStifel Nicolaus Sticks to Their Buy Rating for Okta (OKTA)September 3, 2024 | markets.businessinsider.comOkta (OKTA) Receives a Hold from Truist FinancialSeptember 3, 2024 | americanbankingnews.comFY2025 Earnings Forecast for Okta, Inc. Issued By DA Davidson (NASDAQ:OKTA)August 31, 2024 | gurufocus.comOkta: Should I Buy the dip after a 20% stock sell-off?August 31, 2024 | seekingalpha.comOkta Stock: Weakness Is OpportunityAugust 31, 2024 | americanbankingnews.comOkta (NASDAQ:OKTA) Price Target Cut to $113.00August 31, 2024 | americanbankingnews.comJPMorgan Chase & Co. Trims Okta (NASDAQ:OKTA) Target Price to $105.00See 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 Earnings8/30/2023Today9/07/2024Next Earnings (Estimated)12/04/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$105.14 High Stock Price Target$140.00 Low Stock Price Target$74.00 Potential Upside/Downside+45.1%Consensus RatingHold Rating Score (0-4)2.34 Research Coverage29 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-5.55% Pretax Margin-5.22% Return on Equity-1.10% Return on Assets-0.73% Debt Debt-to-Equity Ratio0.18 Current Ratio1.83 Quick Ratio1.83 Sales & Book Value Annual Sales$2.26 billion Price / Sales5.39 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.06Miscellaneous Outstanding Shares168,230,000Free Float156,450,000Market Cap$12.19 billion OptionableOptionable Beta1.02 Social Links These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.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:COUPANSYSNASDAQ:ANSSNetEaseNASDAQ:NTESTrade DeskNASDAQ:TTDView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 4,979 shares on 9/5/2024Ownership: 0.003%Coronation Fund Managers Ltd.Sold 6,912 shares on 9/4/2024Ownership: 0.062%Creekside PartnersBought 2,666 shares on 8/30/2024Ownership: 0.002%Cetera Investment AdvisersSold 2,505 shares on 8/22/2024Ownership: 0.009%Truist Financial CorpBought 200,770 shares on 8/21/2024Ownership: 0.310%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions How have OKTA shares performed this year? Okta's stock was trading at $90.53 on January 1st, 2024. Since then, OKTA shares have decreased by 20.0% and is now trading at $72.45. View the best growth stocks for 2024 here. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) released its 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 firm's revenue was up 23.0% on a year-over-year basis. 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. 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 on Friday, April 7th 2017. The company issued 11,000,000 shares at $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 top institutional shareholders include Marshall Wace LLP (1.35%), Eminence Capital LP (1.18%), Primecap Management Co. CA (0.81%) and Dimensional Fund Advisors LP (0.61%). Insiders that own company stock include Jonathan T Runyan, Ledger Susan St, Brett Tighe, Larissa Schwartz, Christopher K Kramer, 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. Compare Top Brokerages Here. What other stocks do shareholders of Okta own? Based on aggregate information from My MarketBeat watchlists, some other companies that Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM) and PayPal (PYPL). This page (NASDAQ:OKTA) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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