Okta, Inc. (OKTA)

NASDAQ: OKTA · IEX Real-Time Price · USD
73.63
+6.58 (9.81%)
At close: Dec 1, 2023, 4:00 PM
73.45
-0.18 (-0.24%)
Pre-market: Dec 4, 2023, 5:21 AM EST
9.81%
Market Cap 12.08B
Revenue (ttm) 2.17B
Net Income (ttm) -463.92M
Shares Out 164.05M
EPS (ttm) -2.86
PE Ratio n/a
Forward PE 54.12
Dividend n/a
Ex-Dividend Date n/a
Volume 4,704,063
Open 67.23
Previous Close 67.05
Day's Range 67.13 - 73.78
52-Week Range 60.22 - 91.50
Beta 0.96
Analysts Buy
Price Target 86.97 (+18.12%)
Earnings Date Nov 29, 2023

About OKTA

Okta, 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-Fact... [Read more]

Sector Technology
IPO Date Apr 7, 2017
Employees 6,013
Stock Exchange NASDAQ
Ticker Symbol OKTA
Full Company Profile

Financial Performance

In 2022, Okta, Inc.'s revenue was $1.86 billion, an increase of 42.92% compared to the previous year's $1.30 billion. Losses were -$815.00 million, -3.89% less than in 2021.

Financial Statements

Analyst Forecast

According to 36 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $86.97, which is an increase of 18.12% from the latest price.

Price Target
$86.97
(18.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Okta, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Okta, Inc. ("O...

50 minutes ago - Accesswire

EQUITY ALERT: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Okta, Inc. – OKTA

NEW YORK--(BUSINESS WIRE)---- $BROS #BROS--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by the directors and officers of Okta...

Other symbols: BROS
2 days ago - Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Okta, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 1, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Okta, Inc. ("O...

3 days ago - Accesswire

Okta's stock falls amid wave of downgrades: ‘Now is not the time' for profit push

Okta Inc. shares furthered their selloff in Thursday's session as analysts expressed doubt about the company's strategic focus and deal trajectory in the wake of a recent security breach.

3 days ago - Market Watch

INVESTOR ALERT: Okta grapples with fallout post data breach

Zscaler founder Jay Chaudhry provides insight on internet security on 'The Claman Countdown.'

4 days ago - Fox Business

Okta discloses hackers stole all customer support data on Q3 earnings call

Cybersecurity firm Okta (OKTA) stock slumps Wednesday morning despite a third-quarter earnings beat on headlines of a major data breach. Hackers targeted Okta's customer database with the company warn...

4 days ago - Yahoo Finance

Okta Says Hackers Stole Data For All Customer Support Users

Okta said hackers stole data for all of its customer support system users in a breach that the identity-verification company disclosed last month.

4 days ago - WSJ

Okta's upbeat earnings help offset new details about breach, lifting the stock

Shares of Okta Inc. had been falling in Wednesday's premarket trading after the company disclosed new information about a cybersecurity breach, but the shares turned around once the company posted its...

4 days ago - Market Watch

Okta Announces Third Quarter Fiscal Year 2024 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, 2023. “Our Q3 performance...

4 days ago - Business Wire

Password authenticator Okta says hackers stole names and email addresses of all its customer support users

Okta said hackers stole a report with names and email addresses of all customer support users. Those users face an "increased risk of phishing," the password authenticator said in a blog.

4 days ago - Business Insider

Okta hackers stole data on all customer support users, company says

The expanded scope of the breach comes ahead of Okta's earnings report, and after the company first disclosed the breach in November.

5 days ago - CNBC

Okta Appoints Jon Addison as Chief Revenue Officer and Kerry Ok as Chief Marketing Officer

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced two new executive appointments. Jon Addison has been named Okta's Chief Revenue Offi...

5 days ago - Business Wire

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Okta, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Okta, Inc. ("...

12 days ago - Accesswire

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Okta, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 21, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Okta, Inc. ("...

13 days ago - Accesswire

7 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: CRWDCYBRFTNTPANWSZS
20 days ago - Kiplinger

Beyond Identity Releases Defense Kit for Okta Customers

NEW YORK--(BUSINESS WIRE)--Beyond Identity, the leading provider of passwordless, phishing-resistant MFA, today released the Okta Defense Kit.

27 days ago - Business Wire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Okta, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Okta, Inc. ("O...

4 weeks ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Okta Inc. - OKTA

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Okta Inc. ("Okta" or the "Company") (NASDAQ: OKTA). Such investors are advised to contact Robert...

4 weeks ago - PRNewsWire

Okta to Announce Third Quarter Fiscal Year 2024 Financial Results on November 29, 2023

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 2024 e...

4 weeks ago - Business Wire

2 fallen cybersecurity stocks for patient bargain hunters

Cybersecurity stocks have been strong performers this earnings season. Many leaders are higher priced stocks in the $100 to over $300 range.

Other symbols: S
5 weeks ago - MarketBeat

Okta Inc. (OKTA) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK , Oct. 26, 2023 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Okta Inc. ("Okta" or "the Company") (NA...

5 weeks ago - PRNewsWire

Okta Stock Slid More Than 11% After Hacker Accessed Company's Support System

The company said its Okta authentication service was not targeted and remains unaffected by the hack.

5 weeks ago - Forbes

Okta's latest hack fallout hits Cloudflare, 1Password

Network and security giant Cloudflare and password manager maker 1Password said hackers briefly targeted their systems following a recent breach of Okta's support unit. Both Cloudflare and 1Password s...

Other symbols: NET
5 weeks ago - TechCrunch

Okta cybersecurity breach wipes out more than $2 billion in market cap

Okta shares continued their fall Monday after the company said client files had been accessed by an unknown hacker, the latest attempt involving the company.

5 weeks ago - CNBC

Okta's stock extends meltdown as recent breach could mean more pain ahead

Shares of Okta Inc. were extending their sizable selloff Monday as analysts weighed in on the potential impacts of a recently disclosed data breach.

5 weeks ago - Market Watch