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OKTA

Okta NasdaqGS:OKTA Stock Report

Last Price

US$65.76

Market Cap

US$10.8b

7D

-5.3%

1Y

17.2%

Updated

30 Oct, 2023

Data

Company Financials +

OKTA Stock Overview

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.

OKTA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Okta, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Okta
Historical stock prices
Current Share PriceUS$65.76
52 Week HighUS$91.50
52 Week LowUS$44.12
Beta0.93
1 Month Change-19.32%
3 Month Change-13.69%
1 Year Change17.18%
3 Year Change-67.74%
5 Year Change16.33%
Change since IPO179.71%

Recent News & Updates

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

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

Recent updates

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

SaaS Pair Trade: Buy Okta, Short Toast

Jun 30

Okta Stock: Large Risk, Large Return

Jun 09

Okta Jumps After Earnings: Time To Pounce

Jun 03

Okta: Better Sell Before Its Upcoming Earnings Release

May 24

Okta: Still Expensive, But Approaching A Buy Point

Apr 29

Health Check: How Prudently Does Okta (NASDAQ:OKTA) Use Debt?

Apr 13
Health Check: How Prudently Does Okta (NASDAQ:OKTA) Use Debt?

Okta: Credibility Has Been Smashed

Apr 04

Okta Remains A Strong Buy Despite Being Breached

Mar 29

Okta: Q4 Earnings, Avoid This Stock For Now, Here's Why

Mar 03

Okta: Still A Lot Of Demand, But Maybe Not Compelling Enough

Feb 08

Tech Has Fallen: Okta Is A Buy

Jan 27

Is Okta, Inc. (NASDAQ:OKTA) Trading At A 33% Discount?

Jan 07
Is Okta, Inc. (NASDAQ:OKTA) Trading At A 33% Discount?

Okta: Demand For Identity Management Remains Strong

Jan 06

Okta: Beware The Correction

Dec 27

Is Now An Opportune Moment To Examine Okta, Inc. (NASDAQ:OKTA)?

Dec 20
Is Now An Opportune Moment To Examine Okta, Inc. (NASDAQ:OKTA)?

Shareholder Returns

OKTAUS ITUS Market
7D-5.3%-2.7%-2.4%
1Y17.2%1.9%4.1%

Return vs Industry: OKTA exceeded the US IT industry which returned 1.9% over the past year.

Return vs Market: OKTA exceeded the US Market which returned 4.1% over the past year.

Price Volatility

Is OKTA's price volatile compared to industry and market?
OKTA volatility
OKTA Average Weekly Movement7.4%
IT Industry Average Movement7.8%
Market Average Movement5.6%
10% most volatile stocks in US Market14.2%
10% least volatile stocks in US Market2.7%

Stable Share Price: OKTA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: OKTA's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20095,806Todd McKinnonhttps://www.okta.com

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta’s, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections.

Okta, Inc. Fundamentals Summary

How do Okta's earnings and revenue compare to its market cap?
OKTA fundamental statistics
Market CapUS$10.79b
Earnings (TTM)-US$592.00m
Revenue (TTM)US$2.07b

5.2x

P/S Ratio

-18.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OKTA income statement (TTM)
RevenueUS$2.07b
Cost of RevenueUS$567.00m
Gross ProfitUS$1.50b
Other ExpensesUS$2.09b
Earnings-US$592.00m

Last Reported Earnings

Jul 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-3.61
Gross Margin72.54%
Net Profit Margin-28.67%
Debt/Equity Ratio25.7%

How did OKTA perform over the long term?

See historical performance and comparison