NASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis → Incredible Opportunity to Retire FAST! (From Crypto 101 Media) (Ad) Free OKTA Stock Alerts $98.56 -0.69 (-0.70%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$97.95▼$99.6550-Day Range$87.30▼$111.4952-Week Range$65.04▼$114.50Volume1.08 million shsAverage Volume1.86 million shsMarket Capitalization$16.50 billionP/E RatioN/ADividend YieldN/APrice Target$100.39 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside1.9% Upside$100.39 Price TargetShort InterestHealthy2.62% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.33Based on 8 Articles This WeekInsider TradingSelling Shares$1.21 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.51) to ($1.18) 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.3.29 out of 5 starsComputer And Technology Sector259th out of 589 stocksPrepackaged Software Industry85th out of 204 stocks 2.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 10 buy ratings, 20 hold ratings, and no sell ratings.Amount of Analyst CoverageOkta has been the subject of 15 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 3.0 Short Interest Percentage of Shares Shorted2.62% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently increased by 14.92%, indicating that investor sentiment is decreasing 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 1.9 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.33. 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 8 news articles for Okta this week, compared to 13 articles on an average week.Search Interest31 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.MarketBeat FollowsOnly 18 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% 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 $1,205,990.00 in company stock.Percentage Held by InsidersOnly 7.36% 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 ($1.51) to ($1.18) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -45.42, 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 -45.42, 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 2.80. 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 Crypto 101 MediaIncredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.Click here to get instant access to the guide 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 HeadlinesMay 6, 2024 | forbes.comTop Wellbeing Executives Recommend This To Improve Employee Mental HealthMay 3, 2024 | msn.com3 Underpriced Stocks to Buy in MayMay 7, 2024 | Crypto 101 Media (Ad)Incredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.May 2, 2024 | msn.comJim Cramer: This PC Maker Is A 'Good Stock To Own', Okta Is 'Terrific'May 1, 2024 | businesswire.comOkta to Announce First Quarter Fiscal Year 2025 Financial Results on May 29, 2024April 30, 2024 | finance.yahoo.comOKTA May 2024 86.000 call (OKTA240503C00086000)April 30, 2024 | techcrunch.comSeam wants to make customer data accessible to every business userApril 30, 2024 | finance.yahoo.comZero Trust Security Market to exceed $129 Bn by 2032, Says Global Market Insights Inc.May 7, 2024 | Crypto 101 Media (Ad)Incredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.April 30, 2024 | americanbankingnews.comContrasting Okta (NASDAQ:OKTA) and AppFolio (NASDAQ:APPF)April 29, 2024 | msn.comOkta Faces Spike in Credential Stuffing AttacksApril 29, 2024 | msn.comOkta says it is facing unprecented levels of attacksApril 28, 2024 | yahoo.comMongoDB CEO Dev Ittycheria talks AI hype and the database evolution as he crosses 10-year markApril 26, 2024 | bloomberg.comWorldcoin Eyes Partnership with OpenAI Despite Regulatory SetbacksApril 26, 2024 | msn.comIntrepid Oregon Fund launches with $4M from the state to invest in climate and tech startupsApril 26, 2024 | benzinga.comA Closer Look at Okta's Options Market DynamicsApril 26, 2024 | finance.yahoo.comOkta (OKTA) Stock Sinks As Market Gains: What You Should KnowApril 25, 2024 | fxstreet.comWLD price primed for recovery as Worldcoin eyes possible partnership with PayPal and OpenAIApril 24, 2024 | 9to5mac.comApple @ Work: Over 52% of workers try to memorize and reuse the same password across multiple apps at workApril 24, 2024 | seekingalpha.comOkta: Still Well Positioned To Ride On This Long-Term TrendApril 23, 2024 | seekingalpha.comOkta: Rating Upgrade As Management Drives Focused 'Go-To-Market' Strategies And Expands MarginsApril 22, 2024 | finance.yahoo.comOkta (OKTA) Gains But Lags Market: What You Should KnowApril 22, 2024 | finance.yahoo.comUnpacking Q4 Earnings: SentinelOne (NYSE:S) In The Context Of Other Cybersecurity StocksApril 19, 2024 | msn.comGot a Phone Call From LastPass? Hang Up, It's a Phishing ScamApril 18, 2024 | benzinga.comSpotlight on Okta: Analyzing the Surge in Options ActivityApril 17, 2024 | 9to5mac.comApple @ Work: Is there room for another productivity suite on macOS?April 16, 2024 | finance.yahoo.comOkta (OKTA) Exceeds Market Returns: Some Facts to ConsiderSee 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 Earnings2/28/2024Today5/07/2024Next Earnings (Confirmed)5/29/2024Fiscal 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$100.39 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside+1.9%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage30 Analysts Profitability EPS (Most Recent Fiscal Year)($2.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-15.69% Pretax Margin-14.89% Return on Equity-5.69% Return on Assets-3.67% Debt Debt-to-Equity Ratio0.20 Current Ratio1.67 Quick Ratio1.67 Sales & Book Value Annual Sales$2.26 billion Price / Sales7.29 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.80Miscellaneous Outstanding Shares167,400,000Free Float155,077,000Market Cap$16.50 billion OptionableOptionable Beta0.98 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.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 CompetitorsSS&C TechnologiesNASDAQ:SSNCBentley SystemsNASDAQ:BSYNutanixNASDAQ:NTNXNICENASDAQ:NICEDynatraceNYSE:DTView All CompetitorsInsiders & InstitutionsRPG Investment Advisory LLCBought 517 shares on 5/7/2024Ownership: 0.046%River Global Investors LLPSold 151 shares on 5/7/2024Ownership: 0.008%Highland Capital Management LLCSold 227 shares on 5/7/2024Ownership: 0.007%Oppenheimer & Co. Inc.Sold 821 shares on 5/7/2024Ownership: 0.005%Empowered Funds LLCBought 339 shares on 5/7/2024Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions Should I buy or sell Okta stock right now? 30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 20 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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? 30 brokerages have issued 1-year price targets for Okta's shares. Their OKTA share price targets range from $70.00 to $140.00. On average, they predict the company's share price to reach $100.39 in the next twelve months. This suggests a possible upside of 1.9% 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 on January 1st, 2024. Since then, OKTA stock has increased by 8.9% and is now trading at $98.56. View the best growth stocks for 2024 here. Are investors shorting Okta? Okta saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,820,000 shares, an increase of 27.8% from the March 15th total of 2,990,000 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is currently 1.8 days. View Okta's Short Interest. When is Okta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our OKTA earnings forecast. How can I listen to Okta's earnings call? Okta will be holding an earnings conference call on Wednesday, May 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) posted its earnings results on Wednesday, February, 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.35. The business earned $605 million during the quarter, compared to analysts' expectations of $586.25 million. Okta had a negative trailing twelve-month return on equity of 5.69% and a negative net margin of 15.69%. What ETFs hold Okta's stock? ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Xtrackers Cybersecurity Select Equity ETF (PSWD), Global X Cybersecurity ETF (BUG), iShares Cybersecurity and Tech ETF (IHAK), Sterling Capital Focus Equity ETF (LCG), WisdomTree Cybersecurity Fund (WCBR), 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 first quarter 2025 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.540-0.550 for the period, compared to the consensus EPS estimate of 0.420. The company issued revenue guidance of $603.0 million-$605.0 million, compared to the consensus revenue estimate of $584.9 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 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 stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.39%), Swiss National Bank (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Barton Investment Management (0.18%), Glynn Capital Management LLC (0.17%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, Larissa Schwartz, Ledger Susan St, Robert L Dixon Jr, Shellye L Archambeau, Shibu Ninan, Todd Burrowes 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. 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 5/7/2024 by MarketBeat.com Staff From Our PartnersThe A.I. story nobody is telling you (Read ASAP)TradeSmithThe asset beating inflation by 4xColonial MetalsElon Musk Secret Crypto Plot ExposedCrypto 101 MediaHe Is Giving Away BitcoinCrypto Swap ProfitsObama’s Forever Term [exposed]Porter & CompanyPOTUS in ‘25 Not Biden/Trump, ButThe Freeport SocietyProtect Your Bank Account Before It’s Too LateWeiss RatingsUrgent Nvidia WarningAltimetry Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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