Okta, Inc. (OKTA)

NASDAQ: OKTA · IEX Real-Time Price · USD
93.61
-0.94 (-0.99%)
At close: Jul 2, 2024, 4:00 PM
93.14
-0.47 (-0.51%)
After-hours: Jul 2, 2024, 7:59 PM EDT
-0.99%
Market Cap 15.07B
Revenue (ttm) 2.36B
Net Income (ttm) -276.00M
Shares Out 160.95M
EPS (ttm) -1.67
PE Ratio n/a
Forward PE 39.04
Dividend n/a
Ex-Dividend Date n/a
Volume 1,093,026
Open 94.84
Previous Close 94.55
Day's Range 93.14 - 96.23
52-Week Range 65.04 - 114.50
Beta 1.03
Analysts Buy
Price Target 104.53 (+11.67%)
Earnings Date May 29, 2024

About 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 ... [Read more]

Sector Technology
IPO Date Apr 7, 2017
Employees 5,908
Stock Exchange NASDAQ
Ticker Symbol OKTA
Full Company Profile

Financial Performance

In 2023, Okta, Inc.'s revenue was $2.26 billion, an increase of 21.80% compared to the previous year's $1.86 billion. Losses were -$355.00 million, -56.44% less than in 2022.

Financial Statements

Analyst Forecast

According to 34 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $104.53, which is an increase of 11.67% from the latest price.

Price Target
$104.53
(11.67% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Okta Names Anthony Bates to Board of Directors

SAN FRANCISCO--(BUSINESS WIRE)--Okta appoints Anthony Bates, Chairman and Chief Executive Officer of Genesys Cloud Services, Inc., to the company's board of directors.

8 days ago - Business Wire

Top 3 Jim Cramer recommended stocks to own in 2024

Famed investor Jim Cramer remains convinced that the current environment is suitable for owning stocks. Here are the top three must-own stocks that he recommends buying for 2024.

Other symbols: COSTNXT
16 days ago - Invezz

Cybersecurity now a top priority for company boards, Okta CEO says

The CEO of Okta, Todd McKinnon, joins CNBC's Steve Sedgwick and Arabile Gumede to discuss data security.

22 days ago - CNBC International TV

Software stocks got pummeled this week after a cluster of troubling earnings reports

Salesforce's disappointing revenue and weak guidance sent the stock to its biggest drop since 2004. Many other enterprise technology companies offered similarly troubling commentary.

Other symbols: CRMDELLMDBPATHSVEEV
4 weeks ago - CNBC

Okta to Present at Upcoming Investor Conference

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent identity partner, today announced that Brett Tighe, Chief Financial Officer of Okta, is scheduled to participate in t...

4 weeks ago - Business Wire

Okta CEO: All AI companies need our cybersecurity services

Okta (OKTA) beat first quarter earnings estimates and lifted its adjusted earnings forecast from $2.24-$2.29 to $2.35-$2.40 per share. The company's CEO, Todd McKinnon, joins Market Domination to shar...

4 weeks ago - Yahoo Finance

Definitely see macro headwinds in software but they depend on time horizon, says Okta CEO

Todd McKinnon, Okta co-founder and CEO, joins 'Squawk on the Street' to discuss McKinnon's macroeconomic concerns around software, if the headwinds are causing strategic shifts, and much more.

4 weeks ago - CNBC Television

CRM, OKTA, AI, PATH: Earnings Just Released

Salesforce (CRM), Okta (OKTA), C3.ai (AI), and UiPath (PATH) earnings were just released. Caroline Woods and Kevin Green go over the notable takeaways from these earnings.

Other symbols: AICRMPATH
4 weeks ago - Schwab Network

Okta lifts its earnings outlook while taking ‘prudent' view of customers' budgets

Okta Inc. boosted its outlook on Wednesday, even as the company takes a “prudent” view in light of some macroeconomic pressures on smaller customers.

4 weeks ago - Market Watch

Okta Announces First Quarter Fiscal Year 2025 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its first quarter ended April 30, 2024. “We began the new fis...

4 weeks ago - Business Wire

Okta to Announce First Quarter Fiscal Year 2025 Financial Results on May 29, 2024

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent identity partner, today announced that it will release its financial results for its first quarter fiscal year 2025 e...

2 months ago - Business Wire

6 Cybersecurity Stocks to Buy Now

With a boost in global security spending expected this year, these cybersecurity stocks are worth a closer look.

Other symbols: BUGCRWDCYBRFTNTPANWZS
3 months ago - Kiplinger

It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.

That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.

3 months ago - Market Watch

Okta Ventures Unveils "The Identity 25" to Honor Pioneers Shaping the Future of Digital Identity

SAN FRANCISCO--(BUSINESS WIRE)--Okta Ventures, the venture investment arm of Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, proudly introduces "The Identity 25," an initiative tha...

3 months ago - Business Wire

Okta CEO talks AI and the rise ransomware attacks

Hackers are stepping their game up — especially in the age of AI — as more and more companies report being targets of cyberattacks or ransomware hacks. Cybersecurity and multi-factor authentication sy...

3 months ago - Yahoo Finance

Okta Announces Availability of Fine Grained Authorization for Enhanced Security and Efficiency

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced general availability of Fine Grained Authorization (FGA) to address authorization co...

4 months ago - Business Wire

Okta CEO Todd McKinnon breaks down earnings beat as stock surges 20%

Okta CEO Todd McKinnon joins CNBC's "Money Movers" in an exclusive interview to discuss earnings and demand in the software industry.

4 months ago - CNBC Television

Okta stock wins a double upgrade following Q4 earnings

It's not too late to invest in Okta Inc (NASDAQ: OKTA) even though it has rallied some 60% over the past four months, says a Bank of America analyst.

4 months ago - Invezz

Okta Earnings Have Wall Street Impressed. Analysts Say the Stock Can Keep Flying.

CEO Todd McKinnon said that demand remains robust.

4 months ago - Barrons

Okta to Present at Upcoming Investor Conferences

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent identity partner, today announced that members of its management team are scheduled to participate in upcoming invest...

4 months ago - Business Wire

Okta Stock Surges On Strong Earnings, Raised Outlook—Key Price Levels to Watch

Okta (OKTA) shares surged 23% in extended-hours trading on Wednesday evening after the cloud identity software maker topped quarterly estimates and raised its annual sales outlook on growing momentum ...

4 months ago - Investopedia

Okta's profit push is paying off as earnings send the stock soaring

Okta Inc. issued an upbeat outlook Wednesday afternoon while saying that its emphasis on profitability is paying off. Its stock was rose more than 23% in the extended session.

4 months ago - Market Watch

CRM, SNOW, OKTA: Earnings Just Released

Salesforce (CRM), Snowflake (SNOW), and Okta (OKTA) earnings were just released. Nicole Petallides and Kevin Green discuss these earnings as Salesforce issued 1Q guidance ahead of estimates, Sridhar R...

4 months ago - Schwab Network

Okta Strengthens Go to Market Leadership with Executive Appointments

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced three new executive appointments on its go to market team as customers embrace the i...

4 months ago - Business Wire

Okta Announces Fourth Quarter And Fiscal Year 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its fourth quarter and fiscal year ended January 31, 2024. “W...

4 months ago - Business Wire