Okta, Inc. (OKTA)

NASDAQ: OKTA · IEX Real-Time Price · USD
56.87
+0.07 (0.12%)
At close: Sep 30, 2022 4:00 PM
57.08
+0.21 (0.37%)
After-hours: Sep 30, 2022 7:59 PM EDT
0.12%
Market Cap 9.04B
Revenue (ttm) 1.60B
Net Income (ttm) -915.68M
Shares Out 158.87M
EPS (ttm) -6.37
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,767,905
Open 56.50
Previous Close 56.80
Day's Range 55.85 - 59.89
52-Week Range 52.75 - 272.27
Beta 1.07
Analysts Buy
Price Target 103.39 (+81.8%)
Earnings Date Aug 31, 2022

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 Identity Cloud, a platform that offers a suite of products and services, 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 A... [Read more...]

Industry IT Services
IPO Date Apr 7, 2017
CEO Todd McKinnon
Employees 5,776
Stock Exchange NASDAQ
Ticker Symbol OKTA
Full Company Profile

Financial Performance

In 2021, Okta, Inc.'s revenue was $1.30 billion, an increase of 55.63% compared to the previous year's $835.42 million. Losses were -$848.41 million, 218.6% more than in 2020.

Financial Statements

Analyst Forecast

According to 36 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is 103.39, which is an increase of 81.80% from the latest price.

Price Target
$103.39
(81.80% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The 5 Best—and 5 Worst—Nasdaq 100 Stocks in Third Quarter

Constellation Energy was the best performer in the Nasdaq 100 for the third quarter. Okta was the worst.

1 day ago - Barrons

3 Stocks I'm Buying During a Tech Stock Correction

These three tech stocks have room to grow and continue to enjoy strong tailwinds.

Other symbols: ADBEPYPL
5 days ago - The Motley Fool

2 Best Software Stocks to Buy in 2022 and Beyond

Okta and Salesforce are well-positioned to deliver long-term growth.

Other symbols: CRM
6 days ago - The Motley Fool

3 Supercharged Growth Stocks Down 62% to 94% That Billionaires Can't Stop Buying

Not even a bear market can keep select billionaires from piling into these game-changing companies.

Other symbols: NVDAUPST
1 week ago - The Motley Fool

1 Significant Risk of Investing In Okta

This identity and authentication company began this year by losing its customers' and investors' trust.

1 week ago - The Motley Fool

5 High-Conviction Stocks to Buy in the Next Market Correction

Here are five stocks you can confidently buy and hold the next time the market crashes.

Other symbols: CMGDOCULULUSBUX
1 week ago - The Motley Fool

2 Top Tech Stocks To Buy for the Long Haul

These two stocks are growing fast into huge markets.

Other symbols: AXON
2 weeks ago - The Motley Fool

Why Datadog, Okta, and DocuSign Plunged Today

It's more of the same: rising rates and fears of slowing growth.

Other symbols: DDOGDOCU
2 weeks ago - The Motley Fool

Okta stock up on Jefferies Buy rating

Yahoo Finance Live anchors Brian Sozzi discuss the rise in Okta shares on Jefferies Buy rating.

2 weeks ago - Yahoo Finance

Recorded Future Intelligence Cloud Adds Okta Integration

Automated Intelligence Identifies and Remediates Identity Compromises Before They're Weaponized BOSTON , Sept. 15, 2022 /PRNewswire/ -- Recorded Future, one of the world's largest providers of intellige...

2 weeks ago - PRNewsWire

3 Big Reasons Okta's Stock Recently Imploded

This unprofitable cloud identity company faces a difficult time in an uncertain market.

2 weeks ago - The Motley Fool

Okta trying to 'appeal to every buyer in an enterprise' for identity platforms: CEO

Okta Co-Founder and CEO Todd McKinnon sits down with Yahoo Finance's Brian Sozzi at Goldman Sachs' Communacopia & Technology Conference to discuss growth in identity technology, the company's acquisitio...

2 weeks ago - Yahoo Finance

Why Cloud Stocks Were Down Today

Shares of Okta, Zoom, and Appian were all falling with the broad market this afternoon.

Other symbols: APPNZM
2 weeks ago - The Motley Fool

Better Buy: Okta vs. Palo Alto Networks

One is already cashing in on rising cybersecurity demand. The other is struggling to achieve profitability.

Other symbols: PANW
2 weeks ago - The Motley Fool

Okta Is Pushing for Profitability: Time to Buy the Stock?

The identity management software specialist has some major challenges ahead.

2 weeks ago - The Motley Fool

Here's Why Okta (OKTA) is Poised for a Turnaround After Losing 38.9% in 4 Weeks

The heavy selling pressure might have exhausted for Okta (OKTA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revi...

3 weeks ago - Zacks Investment Research

NetHope, USAID, and Okta Establishing an Information Sharing and Analysis Center with Support from CyberPeace Institute

WASHINGTON--(BUSINESS WIRE)--NetHope, USAID, and Okta (NASDAQ: OKTA) are pleased to announce a memorandum of understanding (MOU) for establishing an Information Sharing and Analysis Center (ISAC) commit...

3 weeks ago - Business Wire

OKTA INVESTOR ALERT: Hagens Berman, National Trial Attorneys, Encourages Okta (OKTA) Investors with Significant Losse...

SAN FRANCISCO , Sept. 7, 2022 /PRNewswire/ -- Hagens Berman urges Okta, Inc. (NASDAQ: OKTA) investors who suffered significant losses to submit your losses now.

3 weeks ago - PRNewsWire

Why Okta Stock Got Trounced on Tuesday

New price target cuts dinged its shares.

3 weeks ago - The Motley Fool

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Okta (OKTA) Investors with Significant Losses to Contact the Firm...

San Francisco, California--(Newsfile Corp. - September 6, 2022) - Hagens Berman urges Okta, Inc. (NASDAQ: OKTA) investors who suffered significant losses to submit your losses now.Visit: www.hbsslaw.com...

3 weeks ago - Newsfile Corp

September Doesn't Have a Great Track Record When It Comes to Stocks

We've got a look at what's going on with Okta, Snap, and Five Below.

Other symbols: FIVESNAP
3 weeks ago - The Motley Fool

Why Okta Stock Was Bouncing Back Today

An analyst upgrade helped give the stock a boost after its post-earnings plunge.

4 weeks ago - The Motley Fool

There's a ton of opportunity in the vertical software space, says Wolfe Research's Munda

Gal Munda, Wolfe Research director, joins 'TechCheck' to discuss whether we're in a period of increased productivity, how companies are thinking about technology and what parts of enterprise software ar...

Other symbols: AIBUGCFLTIGVSNPSWCLD
4 weeks ago - CNBC Television

Okta to Present at Upcoming Investor Conferences

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

4 weeks ago - Business Wire

Why Okta, MongoDB, and CrowdStrike Stocks Slumped This Week

There was a steep sell-off among high-growth stocks, but macroeconomic fears were only part of the problem.

Other symbols: CRWDMDB
4 weeks ago - The Motley Fool