Top MarketRank™ StocksTop MarketRank™Most-Downgraded StocksMost-DowngradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $73.99 -0.30 (-0.40%) (As of 09/27/2024 08:51 PM 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$73.78▼$75.1850-Day Range$71.00▼$99.0152-Week Range$65.04▼$114.50Volume1.80 million shsAverage Volume1.95 million shsMarket Capitalization$12.57 billionP/E RatioN/ADividend YieldN/APrice Target$104.62Consensus 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… "Doomsday indicator” flashing for the first time since the Great Depression... (Ad)It's been a bloodbath in the markets. The seven most valuable US tech companies lost a combined $1 trillion - in a single day. And things could get a lot worse...Click here to discover how Wall Street insiders are quietly preparing for a market crash >>> Okta Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks99th Percentile Overall ScoreOKTA MarketRank™: Okta scored higher than 99% of companies evaluated by MarketBeat, and ranked 13th out of 667 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 19 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 Growth200.00% Earnings GrowthEarnings for Okta are expected to grow by 200.00% in the coming year, from $0.09 to $0.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -44.31, 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 -44.31, 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 37.51. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.05. 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 Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.43% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 8.44%, indicating that investor sentiment is improving 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 Shorted2.43% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 8.44%, indicating that investor sentiment is improving significantly. News and Social Media2.5 / 5News Sentiment0.58 News SentimentOkta has a news sentiment score of 0.58. 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 Interest40 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 21% 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 0% 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 $50,196,405.00 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) CEO Sells $2,478,369.52 in StockSeptember 25, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,790 SharesSeptember 19, 2024 | insidertrades.com"Doomsday indicator” flashing for the first time since the Great Depression...It's been a bloodbath in the markets. The seven most valuable US tech companies lost a combined $1 trillion - in a single day. And things could get a lot worse...September 30, 2024 | Behind the Markets (Ad)Cloud 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.comOkta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon Sells 200,512 SharesSeptember 25, 2024 | americanbankingnews.comMcMinnville restaurant nominated for James Beard Award closesSeptember 25, 2024 | msn.comJefferies Remains a Hold on Okta (OKTA)September 25, 2024 | markets.businessinsider.comAmbitious Oregon Tasting Menu Restaurant Okta Suddenly ClosesSeptember 25, 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 at the start of the year. Since then, OKTA stock has decreased by 18.3% and is now trading at $73.99. View the best growth stocks for 2024 here. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) issued its earnings results on Wednesday, August, 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.29. The firm had revenue of $646 million for the quarter, compared to the consensus estimate of $632.24 million. Okta had a negative trailing twelve-month return on equity of 1.10% and a negative net margin of 5.55%. Does Okta have any subsidiaries? The following companies are subsidiaries of Okta: Azuqua, Workflow Automation, ScaleFT, Stormpath, SpydrSafe Mobile Security, Azuqua Inc., Okta Australia Pty Limited, and more. 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. 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 Earnings8/28/2024Today9/30/2024Next 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$104.62 High Stock Price Target$140.00 Low Stock Price Target$74.00 Potential Upside/Downside+41.4%Consensus RatingHold Rating Score (0-4)2.34 Research Coverage29 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E Ratio822.11 P/E Growth37.51Net Income$-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 / Sales5.55 Cash FlowN/A Price / Cash FlowN/A Book Value$36.11 per share Price / Book2.05Miscellaneous Outstanding Shares169,860,000Free Float156,450,000Market Cap$12.57 billion OptionableOptionable Beta1.01 Social Links This page (NASDAQ:OKTA) was last updated on 9/30/2024 by MarketBeat.com Staff From Our PartnersWall Street Insider Issues Crash PredictionOur No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilso...Stansberry Research | SponsoredAI Detects Profit Surge On MondayThis has given investors the opportunity to beat the market by 1,700% and a 100% win rate to begin the year.Monument Traders Alliance | SponsoredTim 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 abou...Timothy Sykes | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. 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