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Okta (OKTA)
NASDAQ:OKTA
Okta (OKTA) Stock Price & Analysis
6,543 Followers
OKTA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.04 - $114.50
Previous Close$88.68
Volume4.04M
Average Volume (3M)1.64M
Market Cap
$14.92B
Enterprise Value$13.98B
Total Cash (Recent Filing)$2.20B
Total Debt (Recent Filing)$1.27B
Price to Earnings (P/E)―
Beta1.98
Next Earnings
Aug 28, 2024EPS Estimate
$0.6Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.68
Shares Outstanding168,226,352
10 Day Avg. Volume3,026,252
30 Day Avg. Volume1,637,402
Standard Deviation0.16
R-Squared0.11
Alpha0.00016
Financial Highlights & Ratios
Price to Book (P/B)49.56
Price to Sales (P/S)23.59
Price to Cash Flow (P/CF)21.40
P/FCF Ratio22.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.18
Enterprise Value/Gross Profit8.31
Enterprise Value/Ebitda-84.22
Forecast
1Y Price Target
$115.45Price Target Upside30.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering27
Okta News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceOKTA reported a good F1Q with cRPO growth of 15%, total revenue growing 19% to $617M, and management raising FY25E revenue/EPS guidance, showcasing the company's financial strength and operational efficiency.
Market ExpansionThe public sector is becoming a significant opportunity for Okta, as evidenced by their largest-ever deal and consistent signs of robust demand in government space, indicating potential for market expansion and revenue growth.
Product StrategyOkta is experiencing a positive uptick in new product adoption and has implemented a new sales model to enhance cross-selling, signaling confidence in the company's long-term growth through strategic initiatives.
Bears Say
Legal And Financial ChallengesThe company has agreed to pay a total of $60M in connection with a settlement of a class action lawsuit, indicating recent legal challenges.
Market Confidence And CompetitionOnly 3 out of 15 resellers said Okta has regained customer confidence following the breach, suggesting that customer/partner sentiment might still be wary.
Revenue Growth ConcernsGuidance remains cautious with just 12% year-over-year revenue growth, signaling potential concerns about future performance.
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Ownership Overview
3.79% Insiders
30.71% Mutual Funds
40.80% Other Institutional Investors
24.69% 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 Aug 28, 2024 which is in 87 days.
How were Okta’s earnings last quarter?
Okta released its earnings results on May 29, 2024. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.543 by $0.107.
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 $0.6.
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 $0.65 in its last earnings report, beating expectations of $0.543. Following the earnings report the stock price went down -7.835%.
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:
$115.45 (30.19% Upside)
$115.45 (30.19% Upside)
Blogger Sentiment
Bullish
OKTA Sentiment 78%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Bullish
Bullish news 71%
Bearish news 29%
Bearish news 29%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.44%
12-Months-Change
Fundamentals
Return on Equity
-4.81%
Trailing 12-Months
Asset Growth
0.62%
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
Q1 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
$115.45
▲(30.19% Upside)
Technical Analysis
Best Analysts Covering OKTA
1 Year
1 Year Success Rate
10/13 ratings generated profit
1 Year Average Return
+16.92%
assigned a buy rating 4 days ago
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