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Okta (OKTA)
NASDAQ:OKTA
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OKTA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$66.69 - $114.50
Previous Close$75.45
Volume4.54M
Average Volume (3M)2.30M
Market Cap
$12.82B
Enterprise Value$11.68B
Total Cash (Recent Filing)$2.36B
Total Debt (Recent Filing)$1.22B
Price to Earnings (P/E)―
Beta1.56
Next Earnings
Dec 03, 2024EPS Estimate
$0.59Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.83
Shares Outstanding169,862,056
10 Day Avg. Volume1,815,853
30 Day Avg. Volume2,295,579
Standard Deviation0.15
R-Squared0.12
Alpha-0.00722
Financial Highlights & Ratios
Price to Book (P/B)2.04
Price to Sales (P/S)5.16
Price to Cash Flow (P/CF)36.80
P/FCF Ratio40.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.76
Enterprise Value/Gross Profit6.94
Enterprise Value/Ebitda530.82
Forecast
1Y Price Target
$93.58Price Target Upside22.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering28
Okta News
Bulls Say, Bears Say
Bulls Say
Market PositionOkta holds #1 share in customer use case which is a smaller portion of the identity market but the fastest growing.
Product InnovationOkta announced several platform enhancements and solutions, including a GenAI-based authentication offering and a new developer portal.
Strategic GrowthManagement's strategy to drive cost efficiencies and invest in new product initiatives aims to re-accelerate top-line growth through end-to-end platform adoption.
Bears Say
Competitive PressureThere is an ongoing bear case in Okta's Workforce business due to MSFT's Entra ID having #1 market share and a natural advantage by being a system of record for all identities using MSFT tools.
Financial PerformanceAnalyst believes FY26 estimates remain too high, contributing to a cautious outlook.
Security ConcernsA series of security breaches, including the most recent one, has created reputational damage impacting the company’s new customer acquisition pipeline.
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Ownership Overview
0.48% Insiders
29.10% Mutual Funds
24.80% Other Institutional Investors
27.39% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Okta
Desktop Users
Mobile Users
OKTA FAQ
What was Okta’s price range in the past 12 months?
Okta lowest stock price was $66.69 and its highest was $114.50 in the past 12 months.
What is Okta’s market cap?
Currently, no data Available
When is Okta’s upcoming earnings report date?
Okta’s upcoming earnings report date is Dec 03, 2024 which is in 9 days.
How were Okta’s earnings last quarter?
Okta released its earnings results on Aug 28, 2024. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.11.
Is Okta overvalued?
According to Wall Street analysts Okta’s price is currently Undervalued.
Does Okta pay dividends?
Okta does not currently pay dividends.
What is Okta’s EPS estimate?
Okta’s EPS estimate is $0.59.
How many shares outstanding does Okta have?
Okta has 162,413,970 shares outstanding.
What happened to Okta’s price movement after its last earnings report?
Okta reported an EPS of $0.72 in its last earnings report, beating expectations of $0.61. Following the earnings report the stock price went down -17.64%.
Which hedge fund is a major shareholder of Okta?
Among the largest hedge funds holding Okta’s share is Sands Capital Management LLC. It holds Okta’s shares valued at 641M.
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Okta Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$93.58 (22.21% Upside)
$93.58 (22.21% Upside)
Blogger Sentiment
Bullish
OKTA Sentiment 89%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 771.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.2%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
6.23%
12-Months-Change
Fundamentals
Return on Equity
-2.31%
Trailing 12-Months
Asset Growth
4.06%
Trailing 12-Months
Company Description
Okta
Okta, Inc. provides identity management services to enterprises. Its products include Single Sign-On, Adaptive Multi-Factor Authentication, Mobility Management, Lifecycle Management, Universal Directory, API access management, API products and integration network services.
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OKTA Company Deck
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OKTA Earnings Call
Q2 2024
0:00 / 0:00
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OKTA Revenue Breakdown
78.79% U.S.
21.21% International
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OKTA Stock 12 Month Forecast
Average Price Target
$93.58
▲(22.21% Upside)
Technical Analysis
Best Analysts Covering OKTA
1 Year
1 Year Success Rate
8/13 ratings generated profit
1 Year Average Return
+13.58%
reiterated a buy rating 3 months ago
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