NASDAQ:OKTA Okta (OKTA) Stock Forecast, Price & News $71.40 -0.68 (-0.94%) (As of 08/11/2023 08:48 PM ET) Add Compare Share Share Today's Range$71.19▼$72.6950-Day Range$68.53▼$76.8652-Week Range$44.12▼$107.86Volume866,700 shsAverage Volume2.49 million shsMarket Capitalization$11.59 billionP/E RatioN/ADividend YieldN/APrice Target$87.08 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Okta MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside22.0% Upside$87.08 Price TargetShort InterestHealthy3.86% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.61Based on 9 Articles This WeekInsider TradingSelling Shares$1.02 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($2.83) to ($2.69) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.02 out of 5 starsComputer And Technology Sector417th out of 607 stocksPrepackaged Software Industry133rd out of 207 stocks 2.3 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 21 buy ratings, 12 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $87.08, Okta has a forecasted upside of 22.0% from its current price of $71.40.Amount of Analyst CoverageOkta has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.86% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 4.42%, indicating that investor sentiment is improving. 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 2.0 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.61. 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 9 news articles for Okta this week, compared to 10 articles on an average week.Search Interest47 people have searched for OKTA on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Okta to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% 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 $1,015,308.00 in company stock.Percentage Held by InsidersOnly 7.36% of the stock of Okta is held by insiders.Percentage Held by Institutions76.57% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($2.83) to ($2.69) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -16.41, 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 -16.41, 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 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Okta (NASDAQ:OKTA) StockOkta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta's, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections. It 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesAugust 11, 2023 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Receives $87.08 Consensus Price Target from BrokeragesAugust 9, 2023 | msn.comOkta enters Indian market, says will create hundreds of cloud and cybersecurity jobsAugust 14, 2023 | Investing Daily (Ad)Check out this 6-year win streakIf that sounds too good to be true… trust me, I get it. But one trader has done just that, holding one of the top track records on Wall Street in recent years. Regardless of bull or bear markets his 9/10 win rate has held strong (with no signs of slowing down). Now he wants YOU to have the same opportunity to rack up incredible gains, no matter what the market does next. Still not convinced? August 9, 2023 | finance.yahoo.comOkta's AI-powered voice scannerAugust 4, 2023 | americanbankingnews.comOkta (NASDAQ:OKTA) PT Raised to $89.00August 3, 2023 | theglobeandmail.comWhy Okta (OKTA) Stock Is Falling TodayAugust 1, 2023 | finance.yahoo.comOkta to Announce Second Quarter Fiscal Year 2024 Financial Results on August 30, 2023July 31, 2023 | nasdaq.comMorgan Stanley Maintains Okta Inc - (OKTA) Equal-Weight RecommendationAugust 14, 2023 | Tradewins (Ad)The Safest Option in Trades!If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves! July 26, 2023 | benzinga.comThis Is What Whales Are Betting On OktaJuly 26, 2023 | finance.yahoo.comAembit Secures New Strategic Investment from Okta VenturesJuly 25, 2023 | markets.businessinsider.comBTIG Sticks to Its Buy Rating for Okta (OKTA)July 14, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights e.l.f. Beauty, Gentex, Wingstop, Planet Fitness and OktaJuly 13, 2023 | bizjournals.comOkta confirms it closed former Auth0 HQ in BellevueJuly 12, 2023 | msn.comOkta: Darkest Before Dawn - Do Not Ignore Margin Expansion StoryJuly 12, 2023 | msn.comOkta: Buy The DipJuly 11, 2023 | msn.comOkta: Valuation Improved, But Still Not A BuyJuly 8, 2023 | finance.yahoo.comOkta (NASDAQ:OKTA) investors are sitting on a loss of 69% if they invested three years agoJuly 7, 2023 | finance.yahoo.comOkta (OKTA) Stock Moves -0.06%: What You Should KnowJuly 7, 2023 | fool.comWhy Okta's Stock Fell by 23.7% in JuneJune 30, 2023 | msn.comArtificial Intelligence Companies Hunt for San Francisco OfficesJune 29, 2023 | msn.comCrypto This Thusday: Worldcoin launches World ID and integrates Okta in Germany, UK enacts crypto law, and moreJune 27, 2023 | forbes.comClosing The Cybersecurity Gap For NonprofitsJune 26, 2023 | finance.yahoo.comOkta's Web 3.0 security approachJune 21, 2023 | 9to5mac.comOkta and Kandji double down on Apple in the enterprise with a new partnership for securing SaaS appsJune 21, 2023 | finance.yahoo.comUPDATE -- Kandji Brings Okta Device Trust to Apple Devices with New IntegrationJune 21, 2023 | finance.yahoo.comKandji Brings Okta Device Trust to Apple Devices with New IntegrationSee 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 OKTA Company Calendar Last Earnings5/31/2023Today8/13/2023Next Earnings (Confirmed)8/30/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees6,013Year Founded2009Price Target and Rating Average Stock Price Forecast$87.08 High Stock Price Forecast$120.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+22.0%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage36 Analysts Profitability EPS (Most Recent Fiscal Year)($4.35) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-815,000,000.00 Net Margins-35.26% Pretax Margin-34.42% Return on Equity-10.77% Return on Assets-6.47% Debt Debt-to-Equity Ratio0.33 Current Ratio2.09 Quick Ratio2.09 Sales & Book Value Annual Sales$1.86 billion Price / Sales6.24 Cash FlowN/A Price / Cash FlowN/A Book Value$33.89 per share Price / Book2.11Miscellaneous Outstanding Shares162,360,000Free Float150,410,000Market Cap$11.59 billion OptionableOptionable Beta1.03 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 51)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 42)Chief Financial Officer Comp: $640.84kMr. Jonathan T. Runyan (Age 46)Advisor Comp: $632.18kMr. Jacques Frederic Kerrest (Age 45)Co-Founder, Exec. Vice Chairperson & COO (Leave of Absence) Mr. Sagnik NandyPres & Chief Devel. Officer of Workforce IdentityMr. Eugenio PaceCo-founder & Pres of Bus. OperationsMs. Alvina Y. Antar (Age 48)Sr. VP & Chief Information Officer Dave GennarelliVP of Investor RelationsMs. Larissa Schwartz (Age 51)Chief Legal Officer & Corp. Sec. Mr. Monty GrayExec. VP of Corp. Devel.More ExecutivesKey CompetitorsBILLNYSE:BILLManhattan AssociatesNASDAQ:MANHCeridian HCMNYSE:CDAYTwilioNYSE:TWLONICENASDAQ:NICEView All CompetitorsInsiders & InstitutionsState Board of Administration of Florida Retirement SystemSold 893 shares on 8/11/2023Ownership: 0.100%BRITISH COLUMBIA INVESTMENT MANAGEMENT CorpBought 357 shares on 8/11/2023Ownership: 0.009%Kestra Advisory Services LLCBought 553 shares on 8/11/2023Ownership: 0.004%AXQ Capital LPBought 3,000 shares on 8/11/2023Ownership: 0.002%OssiamBought 1,648 shares on 8/11/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions OKTA Stock - Frequently Asked Questions Should I buy or sell Okta stock right now? 36 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" OKTA shares. View OKTA analyst ratings or view top-rated stocks. What is Okta's stock price forecast for 2023? 36 analysts have issued twelve-month price objectives for Okta's shares. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they predict the company's share price to reach $87.08 in the next year. This suggests a possible upside of 22.0% 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 2023? Okta's stock was trading at $68.33 on January 1st, 2023. Since then, OKTA shares have increased by 4.5% and is now trading at $71.40. View the best growth stocks for 2023 here. When is Okta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 30th 2023. View our OKTA earnings forecast. How can I listen to Okta's earnings call? Okta will be holding an earnings conference call on Wednesday, August 30th 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) issued its earnings results on Wednesday, May, 31st. The company reported ($0.75) EPS for the quarter, topping analysts' consensus estimates of ($0.82) by $0.07. The firm earned $518 million during the quarter, compared to analyst estimates of $510.58 million. Okta had a negative net margin of 35.26% and a negative trailing twelve-month return on equity of 10.77%. 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), ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), SPDR S&P Internet ETF (XWEB), TrueShares Technology, AI & Deep Learning ETF (LRNZ) and American CenturyFocused Dynamic Growth ETF (FDG). What guidance has Okta issued on next quarter's earnings? Okta updated its second quarter 2024 earnings guidance on Sunday, June, 4th. The company provided earnings per share guidance of $0.21-$0.22 for the period, compared to the consensus estimate of $0.17. The company issued revenue guidance of $533.00 million-$535.00 million, compared to the consensus revenue estimate of $527.87 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) raised $154 million in an initial public offering 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. What is Okta's stock symbol? Okta trades on the NASDAQ under the ticker symbol "OKTA." Who are Okta's major shareholders? Okta's stock is owned by a number of retail and institutional investors. Top institutional investors include Champlain Investment Partners LLC (2.56%), Geode Capital Management LLC (1.36%), Bessemer Group Inc. (0.69%), Jackson Square Partners LLC (0.61%), Northern Trust Corp (0.56%) and Renaissance Technologies LLC (0.37%). Insiders that own company stock include Benjamin A Horowitz, Brett Tighe, Charles Race, Christopher K Kramer, Christopher K Kramer, Jacques Frederic Kerrest, Jonathan T Runyan, Jonathan T Runyan, L Michelle Wilson, Larissa Schwartz, Ledger Susan St, Michael R Kourey, Robert L Dixon Jr, Shibu Ninan, Todd Burrowes, Todd Mckinnon and William E Losch. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Okta's stock price today? One share of OKTA stock can currently be purchased for approximately $71.40. How much money does Okta make? Okta (NASDAQ:OKTA) has a market capitalization of $11.59 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($4.35) on an earnings per share basis. How many employees does Okta have? The company employs 6,013 workers across the globe. 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 How can I contact Okta? Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The official website for the company is www.okta.com. The company can be reached via phone at (888) 722-7871 or via email at investor@okta.com. This page (NASDAQ:OKTA) was last updated on 8/14/2023 by MarketBeat.com Staff 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. Adding Okta, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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