Okta Inc Stock Analysis

OKTA -  USA Stock  

USD 230.55  7.33  3.28%

The modest gains experienced by current holders of Okta Inc may encourage investors to take a closer look at the company as it is trading at a share price of 230.55 on 1,481,105 in trading volume. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in May. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.9. The current volatility is consistent with the ongoing market swings in May 2021 as well as with Okta Inc unsystematic, company-specific events.
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The Okta Inc stock analysis report makes it easy to digest most publicly released information about Okta Inc and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Okta Inc stock analysis module also helps to analyze the Okta Inc price relationship with some important fundamental indicators such as market cap and management efficiency.

Okta Inc Stock Analysis Notes

About 83.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 2.09. Okta Inc Cl had not issued any dividends in recent years. Okta, Inc. provides identity management platform 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. Okta Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 2806 people. To find out more about Okta Inc Cl contact Todd McKinnon at 888 722 7871 or learn more at http://www.okta.com.

Okta Inc Quarterly Cost of Revenue

66.12 MillionShare

Okta Inc Cl Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Okta Inc's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Okta Inc Cl or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Okta Inc Cl is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 835.42 M. Net Loss for the year was (266.33 M) with profit before overhead, payroll, taxes, and interest of 617.74 M.
Okta Inc Cl has a poor financial position based on the latest SEC disclosures
Over 83.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Okta Inc exotic insider transaction detected

Okta Inc Cl Upcoming and Recent Events

Earnings reports are used by Okta Inc to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Okta Inc previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report26th of August 2021
Next Earnings Report1st of December 2021
Next Fiscal Quarter End31st of July 2021
Next Fiscal Year End2nd of March 2022
Last Quarter Report30th of April 2021
Last Earning Announcement31st of July 2020

Okta Inc Largest EPS Surprises

Earnings surprises can significantly impact Okta Inc's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2020-03-05
2020-01-31-0.0457-0.010.035778 
2018-09-06
2018-07-31-0.1907-0.150.040721 
2019-03-07
2019-01-31-0.0836-0.040.043652 
View All Earnings Estimates

Okta Inc SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Okta Inc prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Okta Inc investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Okta Inc Cl specific information freely available to individual and institutional investors to make a timely investment decision.
2nd of December 2020
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Results of Operations and Financial Condition
View
9th of October 2020
Unclassified Corporate Event
View
27th of August 2020
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
View

Okta Inc Market Capitalization

The company currently falls under 'Large-Cap' category with current market capitalization of 33.84 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Okta Inc's market, we take the total number of its shares issued and multiply it by Okta Inc'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 these looking for more risk prefer small-cap and mid-cap equities.

Okta Inc Profitablity

Okta Inc's profitability indicators refer to fundamental financial ratios that showcase Okta Inc's ability to generate income relative to its revenue or operating costs. If, let's say, Okta Inc is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Okta Inc's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Okta Inc's profitability requires more research than a typical breakdown of Okta Inc's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (31.88) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (24.44) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -0.24.
Last ReportedProjected for 2021
Return on Investment(10.74) (11.58) 
Return on Average Assets(10.14) (10.94) 
Return on Average Equity(48.45) (52.27) 
Return on Invested Capital(0.20) (0.22) 
Return on Sales(0.36) (0.39) 

Management Efficiency

The entity has return on total asset (ROA) of (4.86) % which means that it has lost $4.86 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (48.45) %, meaning that it created substantial loss on money invested by shareholders. Okta Inc management efficiency ratios could be used to measure how well okta inc cl manages its routine affairs as well as how well it operates its assets and liabilities. As of June 17, 2021, Return on Investment is expected to decline to -11.58. In addition to that, Return on Average Assets is expected to decline to -10.94. Okta Inc Total Assets are projected to increase significantly based on the last few years of reporting. The past year's Total Assets were at 3.3 Billion. The current year Current Assets is expected to grow to about 3.1 B, whereas Return on Average Assets are forecasted to decline to (10.94) .
Last ReportedProjected for 2021
Book Value per Share 3.98  4.29 
Enterprise Value over EBIT(75.60) (81.57) 
Enterprise Value over EBITDA(83.36) (89.94) 
Price to Book Value 44.03  40.43 
Tangible Assets Book Value per Share 18.39  14.74 
Enterprise Value17.9 B14.7 B
Tangible Asset Value2.2 B2.3 B

Technical Drivers

As of the 17th of June 2021, Okta Inc holds the Semi Deviation of 3.07, risk adjusted performance of 0.0133, and Coefficient Of Variation of 11627.44. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Okta Inc, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Okta Inc Cl, which can be compared to its competitors. Please check Okta Inc Cl information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Okta Inc Cl is priced some-what accurately, providing market reflects its current price of 230.55 per share. Given that Okta Inc has jensen alpha of (0.001145), we recommend you to check out Okta Inc Cl's recent market performance to make sure the company can sustain itself at a future point.

Okta Inc Cl Price Movement Analysis

The output start index for this execution was fourty-nine with a total number of output elements of twelve. The Exponential Moving Average is calculated by weighting recent values of Okta Inc Cl more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

Okta Inc Cl Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Okta Inc insiders, such as employees or executives, is commonly permitted as long as it does not rely on Okta Inc's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Okta Inc insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Okta Inc Predictive Daily Indicators

Okta Inc intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Okta Inc stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Okta Inc Forecast Models

Okta Inc time-series forecasting models is one of many Okta Inc's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Okta Inc's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Okta Inc Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Okta Inc stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Okta Inc shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Okta Inc. By using and applying Okta Inc Stock analysis, traders can create a robust methodology for identifying Okta Inc entry and exit points for their positions.
Last ReportedProjected for 2021
Operating Margin(24.44) (26.37) 
EBITDA Margin(23.58) (25.44) 
Gross Margin 73.94  66.88 
Profit Margin(31.88) (34.39) 
Okta, Inc. provides identity management platform for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products 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 and Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials. It also provides Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data Lifecycle Management, which enables IT organizations or developers to manage a users identity throughout its lifecycle API Access Management that enables organizations to secure APIs Advanced Server Access to secure cloud infrastructure and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications. In addition, the company offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Current Okta Inc Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Okta Inc analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Okta Inc analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
268.44Buy16Odds
Okta Inc Cl current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Okta Inc analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Okta Inc stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Okta Inc Cl, talking to its executives and customers, or listening to Okta Inc conference calls.
Okta Inc Analyst Advice Details

Okta Inc Stock Analysis Indicators

Okta Inc Cl stock analysis indicators help investors evaluate how Okta Inc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Okta Inc shares will generate the highest return on investment. By understating and applying Okta Inc stock analysis, traders can identify Okta Inc position entry and exit signals to maximize returns.
Quick Ratio1.81
Fifty Two Week Low181.40
Revenue Growth40.30%
Shares Short Prior Month5.64M
Average Daily Volume Last 10 Day1.63M
Average Daily Volume In Three Month1.96M
Shares Percent Shares Out4.60%
Gross Margins73.94%
Short Percent Of Float4.96%
Forward Price Earnings-305.78
Float Shares121.9M
Fifty Two Week High294.00
Enterprise Value To Ebitda-176.05
Fifty Day Average236.52
Two Hundred Day Average248.60
Enterprise Value To Revenue37.59
Please check Your Equity Center. Note that the Okta Inc Cl information on this page should be used as a complementary analysis to other Okta Inc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Okta Inc Cl stock analysis, check to measure Okta Inc'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 Inc is operating at the current time. Most of Okta Inc's stock examination focuses on studying past and present price action to predict the probability of Okta Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Okta Inc's price. Additionally, you may evaluate how the addition of Okta Inc to your portfolios can decrease your overall portfolio volatility.
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The market value of Okta Inc Cl is measured differently than its book value, which is the value of Okta Inc that is recorded on the company's balance sheet. Investors also form their own opinion of Okta Inc stock's value that differs from its market value or its book value, called intrinsic value, which is Okta Inc'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 Inc's market value can be influenced by many factors that don't directly affect Okta Inc Cl underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta Inc's stock value and its price as these two are different measures arrived at by different means. Investors typically determine Okta Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta Inc's stock 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.