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Okta, Inc. (OKTA)

NASDAQ: OKTA · IEX Real-Time Price · USD
222.69
3.11 (1.42%)
At close: Nov 26, 2021 1:00 PM
223.40
0.71 (0.32%)
After-hours:Nov 26, 2021 4:54 PM EST
Market Cap34.44B
Revenue (ttm)1.02B
Net Income (ttm)-534.48M
Shares Out154.66M
EPS (ttm)-3.94
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume1,140,750
Open267.41
Previous Close219.58
Day's Range217.01 - 224.26
52-Week Range199.08 - 294.00
Beta0.98
AnalystsBuy
Price Target297.62 (+33.6%)
Earnings Daten/a

About OKTA

Okta, Inc. provides identity management platform 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 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; and Single Sign-On that enables users to access their applications in the cloud or on-premise from v...

IndustryIT Services
IPO DateApr 7, 2017
CEOTodd McKinnon
Employees4,176
Stock ExchangeNASDAQ
Ticker SymbolOKTA
Full Company Profile

Financial Performance

In 2020, Okta, Inc's revenue was $835.42 million, an increase of 42.55% compared to the previous year's $586.07 million. Losses were -$266.33 million, 27.5% more than in 2019.

Financial Statements

Analyst Forecast

According to 28 analysts, the average rating for Okta, Inc stock is "Buy." The 12-month stock price forecast is 297.62, which is an increase of 33.65% from the latest price.

Price Target
$297.62
(33.65% upside)
Analyst Consensus: Buy

News

OKTA Gears Up to Report Q3 Earnings: What's in the Cards?

OKTA's third-quarter fiscal 2022 results are expected to reflect continued adoption of Identity solutions. However, growing investments are likely to keep margins under pressure.

1 day ago - Zacks Investment Research

Okta (OKTA) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Okta (OKTA) closed at $219.58, marking a +1.83% move from the previous day.

2 days ago - Zacks Investment Research

Analysts Estimate Okta (OKTA) to Report a Decline in Earnings: What to Look Out for

Okta (OKTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 days ago - Zacks Investment Research

Why HubSpot, Okta, and Appian Stocks All Slumped on Tuesday

There was a steep sell-off of high-growth tech stocks, most likely the result of broader macroeconomic issues.

Other symbols:APPNHUBS
3 days ago - The Motley Fool

3 Top Cybersecurity Stocks to Buy for the Long Haul

Protecting information is crucial in the digital age and these companies are working to fulfill that need.

Other symbols:CRWDNET
5 days ago - The Motley Fool

Okta CEO explains why the identity software firm is opening a retail location in New York City

Todd McKinnon, CEO and co-founder of Okta, appeared on Wednesday's episode of "Mad Money," discussing the identity software provider is leasing retail space in New York City.

1 week ago - CNBC Television

Here's why identity software firm Okta plans to open a retail location in New York City

"One of the challenges with identity technology and talking about this vision is sometimes it's hard to imagine," Okta co-founder and CEO Todd McKinnon said.

1 week ago - CNBC

Picking the right tech stocks amid inflation concerns

Byron Deete, Bessemer Venture Partners partner, joins 'Squawk on the Street' to discuss why software stocks are resistant to inflationary pressures.

Other symbols:DDOGDOCUTOSTTWLO
1 week ago - CNBC Television

Auth0 Expands Reach to Mexico with TEC360 Partnership

BUENOS AIRES, Argentina--(BUSINESS WIRE)--The Auth0 Identity Platform, a product unit within Okta (NASDAQ: OKTA), announced today a new partnership with TEC360, a leading provider of cloud solutions for...

1 week ago - Business Wire

Is This Top Artificial-Intelligence-Powered Cybersecurity Stock a Buy?

The cybersecurity industry has massive secular tailwinds as risks and awareness rise. Does this young outperformer have the metrics and technology to continue to dominate the market?

2 weeks ago - The Motley Fool

Okta (OKTA) Outpaces Stock Market Gains: What You Should Know

Okta (OKTA) closed at $255.70 in the latest trading session, marking a +0.57% move from the prior day.

3 weeks ago - Zacks Investment Research

Okta and Okta (Auth0) Both Named as Leaders in 2021 Gartner® Magic Quadrant™ for Access Management

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced that it has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Access...

3 weeks ago - Business Wire

BlackBerry and Okta Partner to Deliver Seamless Identity and Access Capabilities

BlackBerry UEM and Okta integration will enable enterprise security and workforce productivity from anywhere WATERLOO, ON, Nov. 2, 2021 /PRNewswire/ --  BlackBerry Limited (NYSE: BB; TSX: BB) announced ...

Other symbols:BB
3 weeks ago - PRNewsWire

Okta to Announce Third Quarter Fiscal 2022 Financial Results on December 1, 2021

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, today announced that it will release its financial results for its third quarter fiscal 2022 ended O...

3 weeks ago - Business Wire

Wharton Interactive Selects Auth0 to Help Securely Democratize and Transform Education

BELLEVUE, Wash.--(BUSINESS WIRE)--The Auth0 Identity Platform, a product unit within Okta (NASDAQ: OKTA), today announced it has been selected as the identity and authentication provider for Wharton Int...

4 weeks ago - Business Wire

Okta Signs Lease for New York City Retail Space to Create Immersive Experience Center

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced plans to create an Experience Center in premier retail space in New York City's Flati...

1 month ago - Business Wire

Onfido Survey Reveals Businesses Must Establish Trust Online in Less Than 10 Minutes or Risk Losing Customers

PARIS--(BUSINESS WIRE)-- #IAM--Onfido and Okta survey uncovers how customers' attitude and relationship with digital identity has changed over the past year.

1 month ago - Business Wire

Onfido Survey: Businesses Have Just 10 Minutes to Establish Trust Online or Risk Losing Customers

LONDON & SAN FRANCISCO--(BUSINESS WIRE)--Onfido and Okta survey: businesses have just 10 minutes to establish trust online or risk losing customers.

1 month ago - Business Wire

Okta (OKTA) Stock Sinks As Market Gains: What You Should Know

Okta (OKTA) closed the most recent trading day at $255.02, moving -0.2% from the previous trading session.

1 month ago - Zacks Investment Research

Why Okta Stock Jumped This Week

The cloud stock was climbing after the company held a customer event.

1 month ago - The Motley Fool

Okta CEO: Auth0 partnership gives 'leg up' in customer identity space

Okta is advancing its customer identity with Auth0. Okta CEO Todd McKinnon joins Yahoo Finance's Akiko Fujita and Zack Guzman to discuss.

1 month ago - Yahoo Finance

CEO of Auth0 explains what the identity management firm brings to Okta after being acquired

The chief executives of Okta and Auth0, Todd McKinnon and Eugenio Pace, appeared on Wednesday's episode of "Mad Money,"

1 month ago - CNBC Television

Why Okta Stock Was Gaining Today

Lower interest rates and some product updates at a conference seemed to give the stock a boost.

1 month ago - The Motley Fool

Auth0 Identity Platform Now Available on Microsoft Azure

BELLEVUE, Wash.--(BUSINESS WIRE)--The Auth0 Identity Platform, a product unit within Okta (NASDAQ: OKTA), today announced the launch of the Auth0 Identity Platform on Microsoft Azure. The launch gives c...

1 month ago - Business Wire

Okta Unveils Updated Availability for Okta Workflows as New Standalone Offering with Expanded Capabilities

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:Okta), the leading independent identity provider, today announced the availability of Okta Workflows as a standalone offering for all customers. Okta W...

1 month ago - Business Wire