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NASDAQ:OKTA

Okta (OKTA) Stock Price, News & Analysis

Okta logo
$78.42 +0.20 (+0.26%)
(As of 11/13/2024 ET)

About Okta Stock (NASDAQ:OKTA)

Key Stats

Today's Range
$78.04
$80.71
50-Day Range
$71.00
$78.65
52-Week Range
$66.69
$114.50
Volume
2.21 million shs
Average Volume
1.92 million shs
Market Capitalization
$13.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$98.90
Consensus Rating
Hold

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.

Okta Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

OKTA MarketRank™: 

Okta scored higher than 98% of companies evaluated by MarketBeat, and ranked 24th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Okta has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 12 buy ratings, 18 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Okta has been the subject of 23 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 Growth

    Earnings for Okta are expected to grow by 121.05% in the coming year, from $0.19 to $0.42 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Okta is -93.36, 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. Sector

    The P/E ratio of Okta is -93.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Okta has a PEG Ratio of 17.89. 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 2.23. 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.
  • Percentage of Shares Shorted

    1.79% of the outstanding shares of Okta have been sold short.
  • Short Interest Ratio / Days to Cover

    Okta has a short interest ratio ("days to cover") of 1.4, 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 14.85%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Okta does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    1.79% of the outstanding shares of Okta have been sold short.
  • Short Interest Ratio / Days to Cover

    Okta has a short interest ratio ("days to cover") of 1.4, 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 14.85%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Okta has a news sentiment score of 0.64. 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 Week

    MarketBeat has tracked 19 news articles for Okta this week, compared to 14 articles on an average week.
  • Search Interest

    Only 32 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.
  • MarketBeat Follows

    17 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 21% compared to the previous 30 days.
  • 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 $35,958,556.00 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.

  • Read more about Okta's insider trading history.
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OKTA Stock News Headlines

⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
Okta, Inc. (NASDAQ:OKTA) CRO Sells $764,655.50 in Stock
Okta call volume above normal and directionally bullish
Okta (OKTA) Stock Moves -0.29%: What You Should Know
See More Headlines

OKTA Stock Analysis - Frequently Asked Questions

Okta's stock was trading at $90.53 at the start of the year. Since then, OKTA stock has decreased by 13.4% and is now trading at $78.42.
View the best growth stocks for 2024 here
.

Okta, Inc. (NASDAQ:OKTA) issued its quarterly earnings data on Wednesday, August, 28th. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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 net margin of 5.55% and a negative trailing twelve-month return on equity of 1.10%.

The following companies are subsidiaries of Okta: Azuqua, Workflow Automation, ScaleFT, Stormpath, SpydrSafe Mobile Security, Azuqua Inc., Okta Australia Pty Limited, and others.

Okta (OKTA) raised $154 million in an initial public offering 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.

Top institutional shareholders of Okta include Champlain Investment Partners LLC (2.22%), Primecap Management Co. CA (0.79%), Charles Schwab Investment Management Inc. (0.63%) and Penserra Capital Management LLC (0.45%). Insiders that own company stock include Jonathan T Runyan, Ledger Susan St, Brett Tighe, Larissa Schwartz, Jonathan James Addison, Christopher K Kramer, Shellye L Archambeau, Shibu Ninan, Robert L Dixon Jr, Jacques Frederic Kerrest and Todd Mckinnon.
View institutional ownership trends
.

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.

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

Company Calendar

Last Earnings
8/28/2024
Today
11/13/2024
Next Earnings (Confirmed)
12/03/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:OKTA
Fax
N/A
Employees
5,908
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$98.90
High Stock Price Target
$140.00
Low Stock Price Target
$74.00
Potential Upside/Downside
+26.1%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
31 Analysts

Profitability

Net Income
$-355,000,000.00
Pretax Margin
-5.22%

Debt

Sales & Book Value

Annual Sales
$2.45 billion
Book Value
$35.17 per share

Miscellaneous

Free Float
157,972,000
Market Cap
$13.32 billion
Optionable
Optionable
Beta
1.02

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This page (NASDAQ:OKTA) was last updated on 11/14/2024 by MarketBeat.com Staff
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