Top MarketRank™ StocksTop MarketRank™Most-Downgraded StocksMost-DowngradedNASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $77.56 +1.14 (+1.49%) (As of 11/29/2024 05:27 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 Get Okta alerts:Sign Up Key Stats Today's Range$76.03▼$77.7950-Day Range$71.81▼$78.6552-Week Range$66.69▼$114.50Volume2.13 million shsAverage Volume2.24 million shsMarket Capitalization$13.17 billionP/E RatioN/ADividend YieldN/APrice Target$98.45Consensus 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… Video: Blindfolded Man Gets Into a Cybertruck… What Happens Next Will Shock You (Ad)“Hi, I’m Jeff Brown… Even though I can’t see a thing… I’m about to get in this Cybertruck and drive up to a location just a few miles from here to show you Elon Musk’s next AI product. I promise what happens next will shock you…”Click here to see what happened 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 24th out of 665 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 2.38, and is based on 12 buy ratings, 16 hold ratings, and 1 sell rating.Amount of Analyst CoverageOkta has been the subject of 17 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 Growth110.53% Earnings GrowthEarnings for Okta are expected to grow by 110.53% in the coming year, from $0.19 to $0.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -92.33, 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 -92.33, 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 18.99. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.21. 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 Shorted1.68% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 6.25%, 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 Shorted1.68% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 6.25%, indicating that investor sentiment is improving significantly. News and Social Media3.2 / 5News Sentiment0.72 News SentimentOkta has a news sentiment score of 0.72. 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 21 news articles for Okta this week, compared to 14 articles on an average week.Search Interest29 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 7% compared to the previous 30 days.MarketBeat Follows20 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 54% 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 $35,701,361.00 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. 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 OKTA Stock News HeadlinesOkta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,791 SharesNovember 7, 2024 | insidertrades.comUnveiling 16 Analyst Insights On OktaNovember 30 at 3:26 AM | benzinga.comBlack Friday ONLY — must read!Legendary financial forecaster, Martin Weiss just issued a chilling warning: He believes The Deep State recently gave Big Tech massive leeway to force AI on the American people … (before Trump takes office) …December 1, 2024 | Weiss Ratings (Ad)Okta price target lowered to $85 from $105 at JPMorganNovember 29 at 7:32 AM | tipranks.comOkta (OKTA) Slid in Q3 Despite Beating Earnings ExpectationsNovember 28 at 2:12 PM | insidermonkey.comAnalysts Set Okta, Inc. (NASDAQ:OKTA) Target Price at $98.30November 28 at 1:53 AM | americanbankingnews.comOkta, Inc. (OKTA) Partners with OpenID to Develop AI-Driven Identity Security Standard for EnterprisesNovember 26, 2024 | insidermonkey.comOkta (OKTA) to Release Earnings on TuesdayNovember 26, 2024 | americanbankingnews.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 beginning of 2024. Since then, OKTA stock has decreased by 14.3% and is now trading at $77.56. View the best growth stocks for 2024 here. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, August, 30th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. Okta'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 $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? Top institutional investors of Okta include Champlain Investment Partners LLC (2.22%), Geode Capital Management LLC (1.51%), Whale Rock Capital Management LLC (1.28%) and ArrowMark Colorado Holdings LLC (0.92%). 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. 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 Block (SQ), Digital Turbine (APPS), CrowdStrike (CRWD), Palantir Technologies (PLTR), SoFi Technologies (SOFI), Archer Aviation (ACHR) and ChargePoint (CHPT). Company Calendar Last Earnings8/30/2023Today12/01/2024Next Earnings (Confirmed)12/03/2024Fiscal 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$98.45 High Stock Price Target$140.00 Low Stock Price Target$75.00 Potential Upside/Downside+26.9%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage29 Analysts Profitability EPS (Most Recent Fiscal Year)($0.84) Trailing P/E RatioN/A Forward P/E Ratio408.21 P/E Growth18.99Net Income$-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 / Sales5.82 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.21Miscellaneous Outstanding Shares169,860,000Free Float157,972,000Market Cap$13.17 billion OptionableOptionable Beta1.02 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? 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