Okta, Inc. (OKTA)

NASDAQ: OKTA · Real-Time Price · USD
73.69
-0.82 (-1.10%)
At close: Nov 20, 2024, 4:00 PM
73.70
+0.01 (0.01%)
After-hours: Nov 20, 2024, 7:56 PM EST
-1.10%
Market Cap 12.52B
Revenue (ttm) 2.45B
Net Income (ttm) -136.00M
Shares Out 169.86M
EPS (ttm) -0.82
PE Ratio n/a
Forward PE 27.86
Dividend n/a
Ex-Dividend Date n/a
Volume 1,992,013
Open 74.58
Previous Close 74.51
Day's Range 72.89 - 74.86
52-Week Range 66.69 - 114.50
Beta 1.01
Analysts Buy
Price Target 98.94 (+34.27%)
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 35 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $98.94, which is an increase of 34.27% from the latest price.

Price Target
$98.94
(34.27% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 days 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...

13 days 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...

13 days 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....

16 days 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...

19 days 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...

4 weeks 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...

4 weeks 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.

5 weeks ago - CNBC Television

Okta Helps Builders Easily Implement Auth For GenAI Apps & Secure How Consumers Interact with GenAI Agents

LAS VEGAS--(BUSINESS WIRE)--Okta today announced a new Customer Identity Cloud product to help developers and organizations secure identity in GenAI applications, through secure identity standards and...

5 weeks ago - Business Wire

Okta, OpenID Foundation & Tech Firms Tackle Today's Biggest Cybersecurity Challenge: Identity Security in SaaS Apps

LAS VEGAS--(BUSINESS WIRE)--Okta and the OpenID Foundation today announced the formation of an OpenID Foundation working group with Ping Identity, Microsoft, SGNL, and Beyond Identity as the first ste...

5 weeks ago - Business Wire

Okta is Reducing the Risk of Unmanaged Identities, Social Engineering, and MFA Overload for Enterprise Employees

LAS VEGAS--(BUSINESS WIRE)--Okta today announced new Workforce Identity Cloud capabilities to address top security challenges such as unmanaged SaaS service accounts, governance risks, and identity ve...

5 weeks ago - Business Wire

Nametag Unveils Deepfake Defense™ to Combat AI-Powered Impersonation Threats, Expands Integration Partnership with Okta

LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- More than 50% of executives expect deepfake attacks to increase over the next 12 months, but only 7% report using new technologies to detect deepfakes*. Me...

5 weeks ago - GlobeNewsWire

Okta to Host Investor Summit Webcast in Conjunction with Oktane

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will webcast the Opening Keynote of Oktane and Investor Summit on October 1...

5 weeks ago - Business Wire

Okta: The Underappreciated Powerhouse In A Critical, Expanding Industry

OKTA, a leader in identity security, is undervalued at $72, offering strong growth potential and a favorable risk-to-reward ratio for long-term investors. The company boasts consistent top and bottom ...

6 weeks ago - Seeking Alpha

Okta Announces Finalists for SaaS Startup Competition to Build Identity Security Applications

SAN FRANCISCO--(BUSINESS WIRE)--Okta, a leading identity and access management company, today announced the three finalists for its inaugural Okta SaaS Startup Competition.

6 weeks ago - Business Wire

Okta: Near-Term Headwinds Likely - Still A Compelling Buy Opportunity

OKTA has been oversold at current levels, as observed in the overly cheap valuations compared to its historical levels and its peers. With the company still reporting robust performance metrics and GA...

6 weeks ago - Seeking Alpha

Okta Won't Remain Cheap For Too Long

Okta's stock is down 22% despite beating Q2 FY25 revenue and non-GAAP operating income estimates, due to declining cRPO and NRR amidst macroeconomic headwinds. The company continues to show strong upm...

6 weeks ago - Seeking Alpha

Okta: Bargain Stock With A Path To Recovery (Rating Upgrade)

Shares of Okta have slid ~15% this year, vastly underperforming the S&P 500 and other tech names. I'm upgrading Okta to a strong buy as the company showcases consistent performance amid a macro slowdo...

7 weeks ago - Seeking Alpha

Auth0 Takes “Free for Developers” to a New Level with More Users, More Security, Free MFA & Passwordless

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it's expanding the capabilities of Auth0 and the Okta Customer Identity Cloud t...

2 months ago - Business Wire

Proof Of Life - Maintaining Okta With A Buy

Okta beat consensus with 2Q25 earnings, but the stock dipped ~18 in response to conservative 3Q25 cRPO guidance. I am maintaining a buy as management shifts focus to enterprise customers and new produ...

2 months ago - Seeking Alpha

Should Investors Buy the Okta Dip?

The net retention rate has trended downward from a peak of 124% in the fourth quarter of 2022 to 110% in the second quarter of fiscal 2025, indicating some slowdown in revenue retention.

2 months ago - GuruFocus

Okta, Inc. (OKTA) CEO Todd McKinnon presents at Goldman Sachs Communacopia + Technology Conference (Transcript)

Okta, Inc. (NASDAQ:OKTA) Goldman Sachs Communacopia + Technology Conference September 10, 2024 6:45 PM ET Company Participants Todd McKinnon - Chairperson of the Board, Chief Executive Officer, Co Fo...

2 months ago - Seeking Alpha

Okta, Inc. (OKTA) Citi's 2024 Global TMT Conference (Transcript)

Okta, Inc. (NASDAQ:OKTA) Citi's 2024 Global TMT Conference September 5, 2024 2:10 PM ET Company Participants Brett Tighe - CFO Conference Call Participants Fatima Boolani - Citi Fatima Boolani Fatima...

2 months ago - Seeking Alpha

Okta Stock: Weakness Is Opportunity

The market punished Okta after the company reported Q2 earnings, despite decent growth and a shift to GAAP profitability. The deceleration in Okta's revenue growth, now at 16% YoY from over 60% in mid...

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire