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Okta (OKTA)
NASDAQ:OKTA
Okta (OKTA) Stock Price & Analysis
6,482 Followers
OKTA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.04 - $114.50
Previous Close$102.96
Volume2.73M
Average Volume (3M)1.91M
Market Cap
$17.32B
Enterprise Value$16.38B
Total Cash (Recent Filing)$2.20B
Total Debt (Recent Filing)$1.27B
Price to Earnings (P/E)-47.3
Beta1.90
Next Earnings
May 29, 2024EPS Estimate
$0.54Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.18
Shares Outstanding167,397,163
10 Day Avg. Volume1,388,906
30 Day Avg. Volume1,913,900
Standard Deviation0.16
R-Squared0.11
Alpha0.00016
Financial Highlights & Ratios
Price to Book (P/B)57.45
Price to Sales (P/S)27.25
Price to Cash Flow (P/CF)24.80
P/FCF Ratio25.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.24
Enterprise Value/Gross Profit9.74
Enterprise Value/Ebitda-118.71
Forecast
1Y Price Target
$115.56Price Target Upside12.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering34
Okta News
Bulls Say, Bears Say
Bulls Say
Business ExpansionOkta's focus on upmarket movement and targeting larger enterprises could open new opportunities.
Financial PerformanceOkta reported strong FQ4 results across both top and bottom lines with gross retention remaining in the mid-90's through the FQ4 renewal cycle.
Market LeadershipOKTA remains a clear leader in the critically important identity management market, and valuation is undemanding.
Bears Say
Competitive PressureOkta faces intensifying competition from Microsoft, with concerns that this could lead to market share losses and impact future revenue growth.
Financial PerformanceThe company's Dollar-Based Net Retention Rate has decreased, indicating existing customers are spending less, which may signal declining loyalty or competitive pressures.
Product IssuesOkta has acknowledged that real or perceived errors or bugs in their products have previously harmed their business and could continue to damage their reputation and results.
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Ownership Overview
3.79% Insiders
30.50% Mutual Funds
40.68% Other Institutional Investors
25.03% 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 $65.04 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 May 29, 2024 which is in 9 days.
How were Okta’s earnings last quarter?
Okta released its earnings results on Feb 28, 2024. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.509 by $0.121.
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 $0.54.
How many shares outstanding does Okta have?
Okta has 160,912,260 shares outstanding.
What happened to Okta’s price movement after its last earnings report?
Okta reported an EPS of $0.63 in its last earnings report, beating expectations of $0.509. Following the earnings report the stock price went up 22.91%.
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 946M.
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Okta Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$115.56 (12.24% Upside)
$115.56 (12.24% Upside)
Blogger Sentiment
Bullish
OKTA Sentiment 78%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.13%
12-Months-Change
Fundamentals
Return on Equity
-6.25%
Trailing 12-Months
Asset Growth
-3.42%
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
Q4 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
$115.56
▲(12.24% Upside)
Technical Analysis
Best Analysts Covering OKTA
1 Year
1 Year Success Rate
11/12 ratings generated profit
1 Year Average Return
+29.11%
reiterated a buy rating 3 months ago
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