NASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $94.80 +1.01 (+1.08%) (As of 10:23 AM ET) Add Compare Share Share Today's Range$92.79▼$94.8150-Day Range$86.52▼$102.9652-Week Range$65.04▼$114.50Volume74,429 shsAverage Volume1.87 million shsMarket Capitalization$15.95 billionP/E RatioN/ADividend YieldN/APrice Target$105.58 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/Downside12.6% Upside$105.58 Price TargetShort InterestHealthy2.92% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.51Based on 9 Articles This WeekInsider TradingSelling Shares$1.98 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.28) to ($0.10) 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.4.33 out of 5 starsComputer And Technology Sector120th out of 578 stocksPrepackaged Software Industry34th out of 194 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 10 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 Shorted2.92% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 6.12%, 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 0.51. 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 0.63 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Okta this week, compared to 13 articles on an average week.Search Interest62 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.MarketBeat Follows25 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 19% 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 $1,980,733.00 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 ($0.28) to ($0.10) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -56.16, 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 -56.16, 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 2.67. 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 Chaikin Analytics50-year Wall Street Legend Issues July Stock WarningJuly is historically the best month of the year for U.S. stocks. So why are everyone’s favorite tech stocks – including NVDA – stumbling?To see this July stock warning for yourself – 100% free – click here. 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 HeadlinesJuly 4 at 6:26 AM | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Director Jacques Frederic Kerrest Sells 2,100 SharesJune 25, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Director Sells $135,008.48 in StockJuly 5, 2024 | Chaikin Analytics (Ad)50-year Wall Street Legend Issues July Stock WarningJuly is historically the best month of the year for U.S. stocks. So why are everyone’s favorite tech stocks – including NVDA – stumbling?June 13, 2024 | insidertrades.comJacques Frederic Kerrest Sells 18,878 Shares of Okta, Inc. (NASDAQ:OKTA) StockJune 5, 2024 | marketbeat.comThe 2 Best Cybersecurity Stocks to WatchEveryone in the market is focusing on the wave technology stocks launching in artificial intelligence. However, a few critical areas in this transforming economy may better suit investors looking for exposure to the next ‘big thing.June 5, 2024 | marketbeat.comThe 2 Best Cybersecurity Stocks to Watch (OKTA)Cybersecurity stocks are becoming a must-have in each investor's portfolio, two stocks stand out as market dominant companies calling for analyst loveJuly 4 at 6:00 AM | investorplace.com7 Cybersecurity Stocks Set to Double on $1 Trillion Industry GrowthJuly 2 at 10:00 AM | fool.com5 Top Stocks to Buy in JulyJuly 5, 2024 | Chaikin Analytics (Ad)50-year Wall Street Legend Issues July Stock WarningJuly is historically the best month of the year for U.S. stocks. So why are everyone’s favorite tech stocks – including NVDA – stumbling?July 1, 2024 | investorplace.comThe 3 Best Cybersecurity Stocks to Buy in July 2024July 1, 2024 | fool.comBull Market Buys: 2 Growth Stocks to Own for the Long RunJuly 1, 2024 | seekingalpha.comOkta: Upmarket Momentum Should Reignite Investor ConfidenceJune 30, 2024 | seekingalpha.comOkta: The Turnaround Is Underway (Ratings Upgrade)June 28, 2024 | investorplace.comHot Stocks: 3 Untapped Opportunities for a 1,000% ReturnJune 28, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Receives Average Rating of "Hold" from BrokeragesJune 27, 2024 | americanbankingnews.comOkta (NASDAQ:OKTA) Stock Rating Reaffirmed by GuggenheimJune 26, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Director Jacques Frederic Kerrest Sells 1,552 SharesJune 24, 2024 | businesswire.comOkta Names Anthony Bates to Board of DirectorsJune 24, 2024 | investorplace.com3 Cybersecurity Stocks to Buy Now: June 2024June 21, 2024 | investorplace.com3 Tech Giants Ready for a 300% Leap by 2026June 11, 2024 | seekingalpha.comOkta, Inc. (OKTA) NASDAQ Investor Conference (Transcript)June 11, 2024 | seekingalpha.comOkta, Inc. (OKTA) Management Presents at NASDAQ Investor Conference (Transcript)June 10, 2024 | pymnts.comReport: Google’s in-House AI Development May Be Competitive EdgeJune 5, 2024 | fool.com1 Forgotten Growth Stock That Could Soar 30%, According to Select Wall Street AnalystsJune 3, 2024 | fool.comOkta Stock Falls Despite Strong Revenue Growth. Is This a Golden Opportunity to Buy?June 2, 2024 | seekingalpha.comOkta Is Discounted For A Good Reason - Initiate Cautious BuyMay 31, 2024 | seekingalpha.comOkta: Navigating Volatility For Sustainable Growth, BuySee 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 Earnings5/29/2024Today7/05/2024Next 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$105.58 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside+11.4%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-10.33% Return on Equity-3.81% Return on Assets-2.50% Debt Debt-to-Equity Ratio0.19 Current Ratio1.73 Quick Ratio1.73 Sales & Book Value Annual Sales$2.36 billion Price / Sales6.75 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.70Miscellaneous Outstanding Shares168,226,000Free Float156,450,000Market Cap$15.95 billion OptionableOptionable Beta1.03 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.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:NTESPalantir TechnologiesNYSE:PLTRAutodeskNASDAQ:ADSKView All CompetitorsInsiders & InstitutionsJacques Frederic KerrestSold 2,100 sharesTotal: $199,752.00 ($95.12/share)Jacques Frederic KerrestSold 1,552 sharesTotal: $135,008.48 ($86.99/share)EverSource Wealth Advisors LLCBought 142 shares on 6/11/2024Ownership: 0.000%Jacques Frederic KerrestSold 18,878 sharesTotal: $1.65 M ($87.19/share)DekaBank Deutsche GirozentraleSold 2,940 shares on 6/4/2024Ownership: 0.016%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 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 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 1-year price objectives for Okta's stock. Their OKTA share price targets range from $70.00 to $140.00. On average, they anticipate the company's stock price to reach $105.58 in the next year. This suggests a possible upside of 12.6% 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 the year. Since then, OKTA shares have increased by 3.6% and is now trading at $93.79. 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) posted its quarterly earnings results on Wednesday, May, 29th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.27. The business earned $617 million during the quarter, compared to analysts' expectations of $604.33 million. Okta had a negative trailing twelve-month return on equity of 3.81% and a negative net margin of 11.69%. 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), Sterling Capital Focus Equity ETF (LCG), WisdomTree Cybersecurity Fund (WCBR), Xtrackers Cybersecurity Select Equity ETF (PSWD), iShares Cybersecurity and Tech ETF (IHAK), 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 earnings per share guidance of 0.600-0.610 for the period, compared to the consensus EPS 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 initial public offering (IPO) 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 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. 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 7/5/2024 by MarketBeat.com Staff From Our Partners50-year Wall Street Legend: “Prepare for a cash avalanche”The Dow crossed 40,000 for the first time in history… The S&P has hit over 30 all-time highs since the star...Chaikin Analytics | SponsoredBiden to drop out; finish out his term?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in...Paradigm Press | SponsoredObama’s DNC coupAs we approach the Democratic National Convention in August... many sense a Biden swap-out is looming. In f...Stansberry Research | Sponsored1k a day while computer does all work?What I discovered is now helping me take in more than 1k a day. 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