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Okta NasdaqGS:OKTA Stock Report

Last Price

US$87.54

Market Cap

US$15.1b

7D

-1.8%

1Y

19.3%

Updated

18 Jun, 2024

Data

Company Financials +

Okta, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Okta
Historical stock prices
Current Share PriceUS$87.54
52 Week HighUS$114.50
52 Week LowUS$65.04
Beta1.03
1 Month Change-14.98%
3 Month Change-17.02%
1 Year Change19.35%
3 Year Change-63.73%
5 Year Change-27.65%
Change since IPO272.35%

Recent News & Updates

Okta: Navigating Volatility For Sustainable Growth, Buy

May 31

Recent updates

Okta: Navigating Volatility For Sustainable Growth, Buy

May 31

Okta Is Priced For More Growth Than What The Firm Has To Offer (Earnings Preview)

May 24

Is Okta, Inc. (NASDAQ:OKTA) Trading At A 27% Discount?

May 21
Is Okta, Inc. (NASDAQ:OKTA) Trading At A 27% Discount?

Okta: Rating Upgrade As Management Drives Focused 'Go-To-Market' Strategies And Expands Margins

Apr 23

Is Okta (NASDAQ:OKTA) Using Debt Sensibly?

Apr 14
Is Okta (NASDAQ:OKTA) Using Debt Sensibly?

Okta: Assessing Overly Optimistic Consensus Estimates And Valuations

Apr 01

Should You Think About Buying Okta, Inc. (NASDAQ:OKTA) Now?

Mar 27
Should You Think About Buying Okta, Inc. (NASDAQ:OKTA) Now?

Okta: Time To Take Chips Off The Table (Rating Downgrade)

Mar 22

Okta Q4 Earnings: Revised Rating To Buy On Surprising Free Cash Flow Surge

Feb 29

Okta: Zero-Trust Security Providing Further Upside Potential

Feb 20

Are Investors Undervaluing Okta, Inc. (NASDAQ:OKTA) By 30%?

Feb 11
Are Investors Undervaluing Okta, Inc. (NASDAQ:OKTA) By 30%?

Okta: Hold Until Management Provides Clearer Guidance

Feb 04

Okta (NASDAQ:OKTA) Has Debt But No Earnings; Should You Worry?

Jan 06
Okta (NASDAQ:OKTA) Has Debt But No Earnings; Should You Worry?

Subdued Growth No Barrier To Okta, Inc.'s (NASDAQ:OKTA) Price

Dec 19
Subdued Growth No Barrier To Okta, Inc.'s (NASDAQ:OKTA) Price

Is Okta, Inc. (NASDAQ:OKTA) Potentially Undervalued?

Nov 25
Is Okta, Inc. (NASDAQ:OKTA) Potentially Undervalued?

Is Okta (NASDAQ:OKTA) Weighed On By Its Debt Load?

Sep 25
Is Okta (NASDAQ:OKTA) Weighed On By Its Debt Load?

An Intrinsic Calculation For Okta, Inc. (NASDAQ:OKTA) Suggests It's 31% Undervalued

Sep 04
An Intrinsic Calculation For Okta, Inc. (NASDAQ:OKTA) Suggests It's 31% Undervalued

Is Now The Time To Look At Buying Okta, Inc. (NASDAQ:OKTA)?

Aug 14
Is Now The Time To Look At Buying Okta, Inc. (NASDAQ:OKTA)?

Okta, Inc.'s (NASDAQ:OKTA) P/S Still Appears To Be Reasonable

Jul 27
Okta, Inc.'s (NASDAQ:OKTA) P/S Still Appears To Be Reasonable

Is Okta (NASDAQ:OKTA) Using Debt Sensibly?

Jun 20
Is Okta (NASDAQ:OKTA) Using Debt Sensibly?

Calculating The Intrinsic Value Of Okta, Inc. (NASDAQ:OKTA)

May 06
Calculating The Intrinsic Value Of Okta, Inc. (NASDAQ:OKTA)

What Is Okta, Inc.'s (NASDAQ:OKTA) Share Price Doing?

Apr 15
What Is Okta, Inc.'s (NASDAQ:OKTA) Share Price Doing?

Does Okta (NASDAQ:OKTA) Have A Healthy Balance Sheet?

Feb 14
Does Okta (NASDAQ:OKTA) Have A Healthy Balance Sheet?

Estimating The Fair Value Of Okta, Inc. (NASDAQ:OKTA)

Dec 24
Estimating The Fair Value Of Okta, Inc. (NASDAQ:OKTA)

Okta: The Market Leader In Identity Management At A Bargain Valuation

Oct 03

OKTA Stock: 50% Undervalued, But Demand Headwinds Might Send The Stock Lower

Sep 20

Is Okta Stock A Buying Opportunity After Price Crashes Over 25%?

Sep 13

If You Like Okta, Better Like It With Options

Sep 01

Why Okta, (NASDAQ:OKTA) Twilio (NYSE:TWLO) and Akamai (NASDAQ:AKAM) May Fit Together in the Authentication Segment

Sep 01
Why Okta, (NASDAQ:OKTA) Twilio (NYSE:TWLO) and Akamai (NASDAQ:AKAM) May Fit Together in the Authentication Segment

Buy Okta Heading Into The Earnings Print: The Giant Will Awaken

Aug 26

Okta: A Winning Cybersecurity Opportunity

Aug 17

Does Okta (NASDAQ:OKTA) Have A Healthy Balance Sheet?

Jul 31
Does Okta (NASDAQ:OKTA) Have A Healthy Balance Sheet?

Okta: It's Good, But Not Good Enough

Jul 20

Okta: Finally Time To Go Long

Jul 11

Shareholder Returns

OKTAUS ITUS Market
7D-1.8%-0.7%1.6%
1Y19.3%-1.6%22.3%

Return vs Industry: OKTA exceeded the US IT industry which returned -1.6% over the past year.

Return vs Market: OKTA underperformed the US Market which returned 22.3% over the past year.

Price Volatility

Is OKTA's price volatile compared to industry and market?
OKTA volatility
OKTA Average Weekly Movement3.7%
IT Industry Average Movement8.3%
Market Average Movement5.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: OKTA's share price has been volatile over the past 3 months.

Volatility Over Time: OKTA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20095,908Todd McKinnonwww.okta.com

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.

Okta, Inc. Fundamentals Summary

How do Okta's earnings and revenue compare to its market cap?
OKTA fundamental statistics
Market capUS$15.10b
Earnings (TTM)-US$276.00m
Revenue (TTM)US$2.36b

6.2x

P/S Ratio

-53.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OKTA income statement (TTM)
RevenueUS$2.36b
Cost of RevenueUS$587.00m
Gross ProfitUS$1.78b
Other ExpensesUS$2.05b
Earnings-US$276.00m

Last Reported Earnings

Apr 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.64
Gross Margin75.15%
Net Profit Margin-11.69%
Debt/Equity Ratio19.4%

How did OKTA perform over the long term?

See historical performance and comparison
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