Most-Downgraded StocksMost-DowngradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $75.75 +0.73 (+0.97%) (As of 09/20/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Okta Stock (NASDAQ:OKTA) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$74.32▼$75.8150-Day Range$71.00▼$100.3952-Week Range$65.04▼$114.50Volume3.81 million shsAverage Volume1.95 million shsMarket Capitalization$12.74 billionP/E RatioN/ADividend YieldN/APrice Target$105.14Consensus RatingHold Company OverviewOkta, 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… Trump’s “Tax Free” Retirement Strategy (Ad)Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on retiring any time soon... Every retirement dollar you have invested in paper assets will only continue to drop in value. We just released a Free Guide that reveals all the details.Click here to get the free Gold Guide now. Okta Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 97th PercentileOkta scored higher than 97% of companies evaluated by MarketBeat, and ranked 40th out of 666 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 Opinion4.2 / 5Analyst RatingHold 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. Earnings and Valuation1.9 / 5Proj. Earnings Growth237.50% Earnings GrowthEarnings for Okta are expected to grow by 237.50% in the coming year, from $0.08 to $0.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -45.36, 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 -45.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioOkta has a PEG Ratio of 40.71. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.10. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.67% 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 increased by 9.49%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Sustainability and ESG3.7 / 5Environmental Score-0.60 Percentage of Shares Shorted2.67% 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 increased by 9.49%, indicating that investor sentiment is decreasing significantly. News and Social Media2.6 / 5News Sentiment0.60 News SentimentOkta has a news sentiment score of 0.60. 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 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Okta this week, compared to 15 articles on an average week.Search Interest50 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -12% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares 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 $32,972,289.00 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. OKTA Stock News HeadlinesOkta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,790 SharesSeptember 19 at 6:11 AM | insidertrades.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.September 7, 2024 | marketbeat.comThe Perfect Storm for an EV RevoltWith constant talk about Artifical Intelligence, inflation, and the upcoming election clogging the airwaves... Not many people realize there’s a "perfect storm" for profits unfolding in the auto industry - today. Or that cars and trucks are actually the world’s biggest business. September 20, 2024 | Eagle Publishing (Ad)Expanding 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.August 29, 2024 | marketbeat.comOKTA Sep 2024 93.000 call (OKTA240920C00093000)September 19 at 10:34 PM | sg.finance.yahoo.comOKTA Sep 2024 91.000 call (OKTA240920C00091000)September 19 at 5:33 PM | sg.finance.yahoo.comEASY MILE FITNESS ACQUIRES NINE PLANET FITNESS LOCATIONS IN OREGONSeptember 17 at 12:10 PM | finance.yahoo.comOkta's Costly Cyber Security Failures: A $60 Million Lesson in TransparencySeptember 16, 2024 | msn.comSee More Headlines 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 16.3% and is now trading at $75.75. View the best growth stocks for 2024 here. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, August, 30th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The business's quarterly revenue was up 23.0% on a year-over-year basis. Does Okta have any subsidiaries? Okta subsidiaries include these companies: 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 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? 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). Company Calendar Last Earnings8/30/2023Today9/20/2024Next 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+40.4%Consensus RatingHold Rating Score (0-4)2.34 Research Coverage29 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E Ratio935.75 P/E Growth40.71Net Income$-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$2.45 billion Price / Sales5.14 Cash FlowN/A Price / Cash FlowN/A Book Value$36.11 per share Price / Book2.07Miscellaneous Outstanding Shares168,226,000Free Float156,450,000Market Cap$12.59 billion OptionableOptionable Beta1.02 Social Links This page (NASDAQ:OKTA) was last updated on 9/20/2024 by MarketBeat.com Staff From Our PartnersHow the US Will Win the Great Lithium RaceChina spent $60B+ on lithium infrastructure in the past decade. 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