Okta, Inc. (OKTA)

NASDAQ: OKTA · Real-Time Price · USD
83.28
+1.59 (1.95%)
At close: Dec 20, 2024, 4:00 PM
83.50
+0.22 (0.26%)
After-hours: Dec 20, 2024, 7:16 PM EST
1.95%
Market Cap 14.27B
Revenue (ttm) 2.53B
Net Income (ttm) -39.00M
Shares Out 171.35M
EPS (ttm) -0.34
PE Ratio n/a
Forward PE 28.96
Dividend n/a
Ex-Dividend Date n/a
Volume 4,047,993
Open 80.98
Previous Close 81.69
Day's Range 80.16 - 83.55
52-Week Range 70.56 - 114.50
Beta 1.01
Analysts Buy
Price Target 104.46 (+25.43%)
Earnings Date Dec 3, 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'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 36 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $104.46, which is an increase of 25.43% from the latest price.

Price Target
$104.46
(25.43% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Okta and Fortinet Stocks Catch Upgrades. Why This AI Name Was Downgraded.

Cybersecurity stocks could be a safe bet for investors in 2025 but one AI player in particular may be fraught with danger, according to KeyBanc.

Other symbols: FTNT
2 days ago - Barrons

Okta: You Should Be Thankful It's Still So Cheap

Okta stock has underperformed the market recently as it struggled to replicate its early 2024 momentum. Okta has revised its go-to-market strategies to target enterprise and government customers. Whil...

5 days ago - Seeking Alpha

Okta: Growth Outlook Has Gotten Better

I maintain a buy rating for Okta stock due to strong operational metrics, improved growth outlook, and successful partner-led strategy. 3Q25 earnings exceeded expectations with 14% y/y revenue growth ...

11 days ago - Seeking Alpha

With 60% Upside Potential, Okta Is A Key 2025 Cybersecurity Pick

Okta's Q3 FY25 earnings beat revenue and earnings projections, with a 14% YoY revenue growth and 600 basis point margin expansion, along with significant cRPO outperformance, boosting investor confide...

12 days ago - Seeking Alpha

Okta: On The Path To A Rebound, Keep Holding On For Upside

I'm giving Okta stock a slight downgrade to a buy rating (from strong buy) after the company's recent rebound rally. The company notched a strong Q3 earnings beat with 14% y/y revenue growth, but net ...

13 days ago - Seeking Alpha

Okta Named a Leader in 2024 Gartner® Magic Quadrant™ for Access Management for Eighth Consecutive Year

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Acces...

15 days ago - Business Wire

Okta Posts Q3 Beat, Guidance Miss: Analyst Says 'Sustainable Growth Remains Hazy'

Okta Inc OKTA shares were climbing on Wednesday after the company reported upbeat third-quarter results.

16 days ago - Benzinga

MRVL Surges to All-Time High, OKTA Beats, FL Steps Down to Year-Low

Marvell (MRVL) proves itself as a name to watch in the A.I. trade after posting an earnings beat and strong 4Q guidance.

Other symbols: MRVLFL
17 days ago - Schwab Network

Okta Stock Rises on Strong Results, Outlook as Subscriptions Jump

Shares of Okta (OKTA) rose Wednesday, a day after the business security software provider posted better-than-expected results and current-quarter guidance as subscription revenue rose.

17 days ago - Investopedia

MSFT, CRWD, PANW & OKTA: Cybersecurity Stocks to Watch

The cybersecurity industry has grown notably over recent years, and Joseph Gallo explains what's driving the uptrend by examining rising cyber stars to established Mag 7 names. He points to Microsoft ...

Other symbols: CRWDMSFTPANW
17 days ago - Schwab Network

Okta Earnings: Conservative Guidance Leaves Room For Upside

Okta's fiscal 2026 guidance suggests a shift from high growth, but at 19x forward free cash flow, it remains a compelling buy. Despite past conservative guidance, Okta's fiscal 2026 revenue growth is ...

17 days ago - Seeking Alpha

Okta, Inc. (OKTA) Q3 2025 Earnings Call Transcript

Okta, Inc. (NASDAQ:OKTA) Q3 2025 Earnings Conference Call December 3, 2024 5:00 PM ET Company Participants Dave Gennarelli - SVP, IR Todd McKinnon - CEO & Co-Founder Brett Tighe - CFO Conference Call...

17 days ago - Seeking Alpha

As Okta's stock soars on earnings, this stat shows its strategy is paying off

In the latest quarter, 15% of Okta's bookings came from new products, as the company looks to dominate identity management.

17 days ago - Market Watch

Okta shares pop 18% on earnings beat, strong guidance

Okta shares popped on in extended trading on Tuesday after the company reported third-quarter results and that beat Wall Street's estimates. Revenue increased 14% from $569 million a year ago.

17 days ago - CNBC

Okta Announces Third 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 third quarter ended October 31, 2024. “Our solid Q3 resul...

17 days ago - Business Wire

Generative AI Backed Cybersecurity Stocks Cloudflare, Okta Have Near-Term Upside: Analyst

Morgan Stanley analyst Keith Weiss noted that cybersecurity remains a top spending priority for organizations globally.

Other symbols: NET
18 days ago - Benzinga

Okta Announces Kickoff of Identity 25 Nominations

SAN FRANCISCO--(BUSINESS WIRE)--Following the remarkable success of last year's Identity 25 report, Okta is excited to announce the launch of the 2025 Identity 25 nominations, expanding the opportunit...

4 weeks ago - Business Wire

What Okta's failures say about the future of identity security in 2025

2025 needs to be the year identity providers go all in on improving every aspect of software quality and security, including red teaming.

5 weeks ago - VentureBeat

Okta's Path To Recovery: New Launches, Partnerships Could Improve Investor Confidence

Okta's new products focus on high-margin customers, creating upsell opportunities for existing ones, and distinguishing its technology from its peers. Partnerships with GSIs, ISVs, and MSPs are drivin...

6 weeks ago - Seeking Alpha

Okta: The Underdog's Advantage

Okta's stock is approximately 31% undervalued, with strong revenue growth, positive cash flows, and a consistent share count. Okta excels in secure user authentication and identity management, competi...

6 weeks ago - Seeking Alpha

Okta: Market Ignores Inflection On GAAP Profitability (Ratings Upgrade)

You may have missed it, but Okta achieved GAAP profitability for the first time in the latest quarter. Wall Street appears spooked about the potential financial impact from the cybersecurity breaches....

6 weeks ago - Seeking Alpha

Okta to Announce Third Quarter Fiscal Year 2025 Financial Results on December 3, 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 third quarter fiscal year 2025 e...

7 weeks ago - Business Wire

NetHope and Okta: Securing Digital Protection and Cybersecurity for Nonprofits Worldwide

WASHINGTON--(BUSINESS WIRE)--NetHope, a catalyst for collective impact that advances humanitarian, conservation, and international development efforts worldwide, has partnered with Okta, in a groundbr...

2 months ago - Business Wire

Okta AI tools will help integrate cybersecurity systems: CEO

Workplace cybersecurity company Okta (OKTA) unveiled new AI products to better protect customer data at its annual Oktane Identity Conference in Las Vegas. Market Domination hosts Julie Hyman and Josh...

2 months ago - Yahoo Finance

Okta CEO Todd McKinnon on new AI-focused products and growth in tech security

Todd McKinnon, Okta CEO, joins CNBC's 'Money Movers' to discuss the company's new AI-focused tools, his growth strategy in an increasingly competitive landscape, and more.

2 months ago - CNBC Television