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Okta (OKTA)
NASDAQ:OKTA
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OKTA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.98 - $114.50
Previous Close$74.07
Volume2.49M
Average Volume (3M)2.15M
Market Cap
$12.44B
Enterprise Value$11.30B
Total Cash (Recent Filing)$2.36B
Total Debt (Recent Filing)$1.22B
Price to Earnings (P/E)―
Beta1.95
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. Volume1,653,733
30 Day Avg. Volume2,145,481
Standard Deviation0.15
R-Squared0.12
Alpha-0.00722
Financial Highlights & Ratios
Price to Book (P/B)2.05
Price to Sales (P/S)5.07
Price to Cash Flow (P/CF)36.20
P/FCF Ratio39.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.61
Enterprise Value/Gross Profit6.72
Enterprise Value/Ebitda226.05
Forecast
1Y Price Target
$95.43Price Target Upside24.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering27
Okta News
Bulls Say, Bears Say
Bulls Say
Growth StrategyManagement'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.
Market PositionOkta remains the dominant player in identity security software and its conference serves as a major hub for thought leaders and decision makers.
Product InnovationOkta announced several platform enhancements and solutions, including a GenAI-based authentication offering and a new developer portal.
Bears Say
Competitive PressureOKTA continues to face increasing competitive pressure from MSFT, execution has been choppy over the past few years, and a sustainable fundamental turnaround is lacking.
Revenue GrowthSingle digit revenue growth and limited margin expansion puts Okta’s financial profile below that of mature software companies.
Security VulnerabilityA 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
29.11% Mutual Funds
2.94% Other Institutional Investors
48.94% 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 $65.98 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 26 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 825M.
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Okta Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$95.43 (24.57% Upside)
$95.43 (24.57% Upside)
Blogger Sentiment
Bullish
OKTA Sentiment 89%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 645.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
5.99%
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
$95.43
▲(24.57% Upside)
Technical Analysis
Best Analysts Covering OKTA
1 Year
1 Year Success Rate
8/13 ratings generated profit
1 Year Average Return
+13.51%
reiterated a buy rating 2 months ago
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