Okta Inc Stock Today
| OKTA Stock | USD 93.71 0.09 0.1% |
Performance4 of 100
| Odds Of DistressLess than 13
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Okta is trading at 93.71 as of the 19th of April 2024, a -0.1 percent decrease since the beginning of the trading day. The stock's open price was 93.8. Okta has less than a 13 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Okta Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 7th of April 2017 | Category Technology | Classification Information Technology |
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, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. The company has 160.11 M outstanding shares of which 3.82 M shares are now shorted by private and institutional investors with about 1.25 trading days to cover. More on Okta Inc
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Follow Valuation Options Odds of Bankruptcy
Financial Report 29th of May 2024
Okta Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Okta's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Okta or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| VP CEO | Cole Breidenbach | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Internet Services & Infrastructure, Software - Infrastructure, Information Technology, NASDAQ Composite, Information Technology, IT Services, Software—Infrastructure, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Okta report their recommendations after researching Okta's financial statements, talking to executives and customers, or listening in on Okta's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Okta Inc. The Okta consensus assessment is calculated by taking the average forecast from all of the analysts covering Okta. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Okta's financial statements, Okta Inc is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of Okta Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Okta's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Okta's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Okta's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Okta's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Okta's financial leverage. It provides some insight into what part of Okta's total assets is financed by creditors.
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Okta Inc (OKTA) is traded on NASDAQ Exchange in USA. It is located in 100 First Street, San Francisco, CA, United States, 94105 and employs 5,908 people. Okta is listed under Internet Services & Infrastructure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 15.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Okta's market, we take the total number of its shares issued and multiply it by Okta's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Okta Inc conducts business under IT Services sector and is part of Information Technology industry. The entity has 160.11 M outstanding shares of which 3.82 M shares are now shorted by private and institutional investors with about 1.25 trading days to cover.
Okta Inc currently holds about 2.48 B in cash with 512 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.59.
Check Okta Probability Of Bankruptcy
Ownership AllocationOkta owns a total of 160.11 Million outstanding shares. The majority of Okta Inc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Okta Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Okta. Please pay attention to any change in the institutional holdings of Okta Inc as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Okta Ownership Details
Okta Stock Price Odds Analysis
What are Okta's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Okta jumping above the current price in 90 days from now is about 54.19%. The Okta Inc probability density function shows the probability of Okta stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9414. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Okta will likely underperform. Additionally, okta Inc has an alpha of 0.1208, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Okta to move above the current price in 90 days from now is about 54.19 (This Okta Inc probability density function shows the probability of Okta Stock to fall within a particular range of prices over 90 days) .
Okta Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Okta that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Okta's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Okta's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 2.4 M | |
| Marshall Wace Asset Management Ltd | 2023-12-31 | 2.2 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 2 M | |
| Eminence Capital Llc | 2023-12-31 | 1.9 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.8 M | |
| Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2023-12-31 | 1.7 M | |
| Norges Bank | 2023-12-31 | 1.7 M | |
| Legal & General Group Plc | 2023-12-31 | 1.2 M | |
| Squarepoint Ops Llc | 2023-12-31 | 1.1 M | |
| Vanguard Group Inc | 2023-12-31 | 15.7 M | |
| Fmr Inc | 2023-12-31 | 15.4 M |
Okta Historical Income Statement
Okta Inc Income Statement is one of the three primary financial statements used for reporting Okta's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Okta Inc revenue and expense. Okta Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Okta's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Selling And Marketing Expenses is expected to grow to about 1.1 B, whereas Depreciation And Amortization is forecasted to decline to about 49.1 M. View More FundamentalsOkta Stock Against Markets
Picking the right benchmark for Okta stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Okta stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Okta is critical whether you are bullish or bearish towards Okta Inc at a given time. Please also check how Okta's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Okta without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Okta Corporate Directors
Okta corporate directors refer to members of an Okta board of directors. The board of directors generally takes responsibility for the Okta's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Okta's board members must vote for the resolution. The Okta board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Benjamin Horowitz | Independent Director | Profile | |
| Rebecca Saeger | Independent Director | Profile | |
| Robert Dixon | Director | Profile | |
| Frederic Kerrest | Co-Founder, COO and Director | Profile |
How to buy Okta Stock?
Before investing in Okta, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Okta. To buy Okta stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Okta. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Okta stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Okta Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Okta Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Okta Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Okta Stock please use our How to Invest in Okta guide.
Already Invested in Okta Inc?
The danger of trading Okta Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Okta is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Okta. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Okta Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Okta's price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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Is Okta's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 13.83 | Quarterly Revenue Growth 0.186 | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.