NASDAQ:OKTA Okta (OKTA) Stock Price, News & Analysis $98.50 +0.57 (+0.58%) (As of 09:12 AM ET) Add Compare Share Share Today's Range$98.50▼$98.5050-Day Range$82.85▼$100.3952-Week Range$65.04▼$114.50Volume1,526 shsAverage Volume1.80 million shsMarket Capitalization$16.57 billionP/E RatioN/ADividend YieldN/APrice Target$105.58 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Okta alerts: Email Address Okta MarketRank™ Stock AnalysisAnalyst RatingHold2.39 Rating ScoreUpside/Downside7.8% Upside$105.58 Price TargetShort InterestHealthy2.67% of Shares Sold ShortDividend StrengthN/ASustainability-0.60Upright™ Environmental ScoreNews Sentiment0.57Based on 14 Articles This WeekInsider TradingSelling Shares$34.41 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.28) to ($0.10) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.77 out of 5 starsComputer And Technology Sector218th out of 594 stocksPrepackaged Software Industry66th out of 197 stocks 2.2 Analyst's Opinion Consensus RatingOkta has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 12 buy ratings, 19 hold ratings, and no sell ratings.Amount of Analyst CoverageOkta has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Okta's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.67% of the outstanding shares of Okta have been sold short.Short Interest Ratio / Days to CoverOkta has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Okta has recently decreased by 16.20%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldOkta does not currently pay a dividend.Dividend GrowthOkta does not have a long track record of dividend growth. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOkta has received a 47.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is false driven by its "Identity management software", "Network security software", and "Cloud security software" products. See details.Environmental SustainabilityThe Environmental Impact score for Okta is -0.60. Previous Next 2.5 News and Social Media Coverage News SentimentOkta has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Okta this week, compared to 14 articles on an average week.Search InterestOnly 24 people have searched for OKTA on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows19 people have added Okta to their MarketBeat watchlist in the last 30 days. This is an increase of 90% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Okta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $34,411,773.00 in company stock.Percentage Held by InsidersOnly 7.00% of the stock of Okta is held by insiders.Percentage Held by Institutions86.64% of the stock of Okta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Okta's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Okta are expected to grow in the coming year, from ($0.28) to ($0.10) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Okta is -58.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Okta is -58.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOkta has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Okta's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaMassive Crypto Selloff = Historic OpportunityStocks recently suffered the worst 1-day loss since 2022… Cryptos got hammered as well…But here's the fact everyone is missing… As of this writing, Bitcoin is still up 28% year to date…And it's up 84% in the last year. Click here to get details on this opportunity now. About Okta Stock (NASDAQ: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 Device Access enables end users to securely log in to devices with Okta credentials. It also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.Read More OKTA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OKTA Stock News HeadlinesAugust 16, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) Insider Sells $257,195.90 in StockJuly 24, 2024 | insidertrades.comOkta, Inc. (NASDAQ:OKTA) CEO Todd Mckinnon Sells 92,729 Shares of StockAugust 22, 2024 | Crypto 101 Media (Ad)Massive Crypto Selloff = Historic OpportunityStocks recently suffered the worst 1-day loss since 2022… Cryptos got hammered as well…But here's the fact everyone is missing… As of this writing, Bitcoin is still up 28% year to date…And it's up 84% in the last year. August 22 at 5:01 AM | sg.finance.yahoo.comOKTA Sep 2024 102.000 put (OKTA240913P00102000)August 22 at 5:01 AM | sg.finance.yahoo.comOKTA Aug 2024 99.000 put (OKTA240823P00099000)August 17, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Given Average Rating of "Hold" by AnalystsAugust 16, 2024 | americanbankingnews.comOkta, Inc. (NASDAQ:OKTA) Insider Larissa Schwartz Sells 2,795 SharesAugust 15, 2024 | msn.comOkta continues gains for seven straight sessionsAugust 22, 2024 | Crypto 101 Media (Ad)Massive Crypto Selloff = Historic OpportunityStocks recently suffered the worst 1-day loss since 2022… Cryptos got hammered as well…But here's the fact everyone is missing… As of this writing, Bitcoin is still up 28% year to date…And it's up 84% in the last year. August 14, 2024 | msn.comSoros Fund Management's top buys and sells in Q2 include Alphabet, Salesforce, othersAugust 14, 2024 | finance.yahoo.comZimperium Teams Up with Okta to Enhance Zero-Trust Identity Threat Protection with AI-Driven Mobile Security SolutionsAugust 14, 2024 | fool.com3 No-Brainer Stocks to Buy With $300 Right NowAugust 13, 2024 | msn.comThe 10 Best Cybersecurity Software Out ThereAugust 13, 2024 | investorplace.com3 Dominant Stocks Set to Lead the Market in Late 2024August 12, 2024 | msn.comOkta (OKTA) Stock Moves 1.84%: What You Should KnowAugust 12, 2024 | news.yahoo.comAfter global IT meltdown, CrowdStrike courts hackers with action figures and gratitudeAugust 12, 2024 | finance.yahoo.comOKTA Aug 2024 103.000 put (OKTA240816P00103000)August 9, 2024 | benzinga.comHow Is The Market Feeling About Okta?See More Headlines Receive OKTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Okta and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/29/2024Today8/22/2024Next Earnings (Confirmed)8/28/2024Fiscal Year End1/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:OKTA CUSIPN/A CIK1660134 Webwww.okta.com Phone(888) 722-7871FaxN/AEmployees5,908Year Founded2009Price Target and Rating Average Stock Price Target$105.58 High Stock Price Target$140.00 Low Stock Price Target$70.00 Potential Upside/Downside+7.2%Consensus RatingHold Rating Score (0-4)2.39 Research Coverage31 Analysts Profitability EPS (Most Recent Fiscal Year)($1.67) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-355,000,000.00 Net Margins-11.69% Pretax Margin-10.33% Return on Equity-3.81% Return on Assets-2.50% Debt Debt-to-Equity Ratio0.19 Current Ratio1.73 Quick Ratio1.73 Sales & Book Value Annual Sales$2.36 billion Price / Sales7.02 Cash FlowN/A Price / Cash FlowN/A Book Value$35.17 per share Price / Book2.80Miscellaneous Outstanding Shares168,226,000Free Float156,450,000Market Cap$16.57 billion OptionableOptionable Beta1.03 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Todd McKinnon (Age 52)Co-Founder, Chairman & CEO Comp: $412.19kMr. Brett Tighe (Age 43)Chief Financial Officer Comp: $640.84kMr. Jacques Frederic Kerrest (Age 46)Co-Founder & Executive Vice Chairperson Comp: $543.39kMr. Sagnik NandyPresident & Chief Development Officer of Workforce IdentityMr. Eugenio PaceCo-founder & President of Business OperationsMs. Alvina Y. Antar (Age 49)Senior VP & Chief Information Officer Dave GennarelliVice President of Investor RelationsMs. Larissa Schwartz (Age 52)Chief Legal Officer & Corporate Secretary Mr. Eric KelleherPresident of Customer Experience & CommunicationsMr. Monty GrayExecutive Vice President of Corporate DevelopmentMore ExecutivesKey CompetitorsCitrix SystemsNASDAQ:CTXSCoupa SoftwareNASDAQ:COUPANSYSNASDAQ:ANSSVMwareNYSE:VMWCrowdStrikeNASDAQ:CRWDView All CompetitorsInsiders & InstitutionsTruist Financial CorpBought 200,770 shares on 8/21/2024Ownership: 0.310%B. Riley Wealth Advisors Inc.Sold 637 shares on 8/19/2024Ownership: 0.001%Creative PlanningSold 434 shares on 8/16/2024Ownership: 0.007%Sunbelt Securities Inc.Sold 131 shares on 8/16/2024Ownership: 0.001%Nemes Rush Group LLCBought 771 shares on 8/16/2024Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions OKTA Stock Analysis - Frequently Asked Questions How have OKTA shares performed this year? Okta's stock was trading at $90.53 on January 1st, 2024. Since then, OKTA shares have increased by 8.2% and is now trading at $97.93. View the best growth stocks for 2024 here. How were Okta's earnings last quarter? Okta, Inc. (NASDAQ:OKTA) released its quarterly earnings results on Wednesday, May, 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.27. The firm earned $617 million during the quarter, compared to analysts' expectations of $604.33 million. Okta had a negative trailing twelve-month return on equity of 3.81% and a negative net margin of 11.69%. What is Todd McKinnon's approval rating as Okta's CEO? 302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Does Okta have any subsidiaries? Okta subsidiaries include these companies: Azuqua, Workflow Automation, ScaleFT, Stormpath, SpydrSafe Mobile Security, Azuqua Inc., Okta Australia Pty Limited, and others. When did Okta IPO? Okta (OKTA) raised $154 million in an IPO on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and JMP Securities were co-managers. Who are Okta's major shareholders? Top institutional shareholders of Okta include Marshall Wace LLP (1.35%), Eminence Capital LP (1.18%), Primecap Management Co. CA (0.81%) and Dimensional Fund Advisors LP (0.61%). Insiders that own company stock include Jonathan T Runyan, Ledger Susan St, Brett Tighe, Larissa Schwartz, Christopher K Kramer, Shellye L Archambeau, Shibu Ninan, Robert L Dixon Jr, Jacques Frederic Kerrest and Todd Mckinnon. View institutional ownership trends. How do I buy shares of Okta? Shares of OKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Okta own? Based on aggregate information from My MarketBeat watchlists, some other companies that Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM) and PayPal (PYPL). This page (NASDAQ:OKTA) was last updated on 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...Angel Publishing | SponsoredTrump is sounding the alarmEurope is one of the latest to release a central bank digital currency and along with it, new cash rules. Chri...Preserve Gold | SponsoredAir Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could becom...DTI | SponsoredUS developing “superweapon” to defeat China and Russia?Our new superweapon is a gift to every patriot. 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