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Okta Inc Stock Research

OKTA

85.00USD+0.52(+0.62%)Delayedas of 23 Mar 2023, 10:50 am

Market Summary

USD85.00+0.52
Delayedas of 23 Mar 2023, 10:50 am
0.62%

OKTA Stock Price

OKTA RSI Chart

OKTA Valuation

Market Cap

13.4B

Price/Earnings (Trailing)

-14.82

Price/Sales (Trailing)

7.74

EV/EBITDA

-15.35

Price/Free Cashflow

1.8K

OKTA Price/Sales (Trailing)

OKTA Profitability

EBT Margin

-51.31%

Return on Equity

-16.7%

Return on Assets

-9.93%

Free Cashflow Yield

0.06%

OKTA Fundamentals

OKTA Revenue

Revenue (TTM)

1.7B

Revenue Y/Y

37.17%

Revenue Q/Q

6.47%

OKTA Earnings

Earnings (TTM)

-903.3M

Earnings Y/Y

5.61%

Earnings Q/Q

0.75%

Price Action

52 Week Range

44.12161.61
(Low)(High)

Last 7 days

-3.2%

Last 30 days

10.1%

Last 90 days

22.4%

Trailing 12 Months

-44.1%

OKTA Financial Health

Current Ratio

2.3

OKTA Investor Care

Shares Dilution (1Y)

3.22%

Diluted EPS (TTM)

-5.78

Peers (Alternatives to Okta)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
89.4B
17.2B
-6.21% 0.92%
28.42
5.19
9.88% 14.66%
70.0B
17.7B
-6.17% 14.47%
27.68
3.95
9.31% 89.66%
44.5B
17.5B
-3.58% -28.15%
-82.3
2.54
-0.73% -425.19%
29.7B
19.4B
-15.50% -34.47%
12.98
1.53
4.98% 7.16%
20.4B
1.4B
-9.85% -6.11%
30.35
14.35
7.33% -14.14%
MID-CAP
6.7B
6.5B
-6.29% -5.62%
18.33
1.03
6.38% -16.32%
5.7B
7.5B
-2.29% 18.08%
21.29
0.76
2.58% -9.12%
5.4B
14.8B
-21.29% -25.03%
7.52
0.36
-10.79% 217.70%
SMALL-CAP
2.0B
432.7M
15.63% 6.35%
-10.5
4.63
22.12% 14.33%
1.6B
1.1B
-17.43% -18.78%
36.68
1.48
4.13% -39.09%
1.3B
2.5B
-42.49% -58.08%
-3.03
0.52
50.22% 53.10%
257.5M
324.7M
-28.83% -63.85%
-16
0.79
10.96% -317.50%
233.9M
2.0B
-37.32% -83.97%
-2.21
0.12
-3.63% 76.37%
193.8M
79.0M
12.39% 27.29%
-16.23
2.45
13.25% -613.39%
191.4K
211.0M
-33.86% -33.86%
-0.02
9e-4
-0.04% -267.04%

Financials for Okta

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.1%1,7311,6001,4641,3001,152
Gross Profit9.3%1,2051,1021,003904814
Operating Expenses5.6%2,0741,9631,9191,6711,421
  S&GA Expenses9.1%1,029943876770664
  R&D Expenses3.0%613595562469384
EBITDA-0.6%-856-851-909-745-
EBITDA Margin7.0%-0.49*-0.53*-0.62*-0.57*-
Earnings Before Taxes1.7%-888-903-981-849-688
EBT Margin9.1%-0.51*-0.56*-0.67*-0.65*-0.60*
Interest Expenses-38.9%32.0052.0072.0092.0091.00
Net Income1.4%-903-915-981-848-683
Net Income Margin8.8%-0.52*-0.57*-0.67*-0.65*-0.59*
Free Cahsflow-78.6%7.0035.0052.0092.00118
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.2%9,0949,0749,0469,2068,997
  Current Assets2.1%3,0072,9462,8993,0412,853
    Cash Equivalents15.6%250216194260372
  Net PPE-9.1%61.0067.0066.0065.0061.00
  Goodwill0%5,4005,4005,4015,4015,401
Liabilities1.8%3,6863,6213,5733,2843,012
  Current Liabilities5.9%1,3091,2371,1851,243988
Shareholder's Equity-0.8%5,4085,4535,4735,9225,985
  Retained Earnings-9.9%-2,322-2,113-1,902-1,815-1,574
  Additional Paid-In Capital2.3%7,7867,6077,4127,7507,559
Accumulated Depreciation-34.00----
Shares Outstanding0.8%159157156154-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-53.8%23.0050.0067.00104125
  Share Based Compensation2.3%670654671565464
Cashflow From Investing-64.5%-203-123-607-366-247
Cashflow From Financing-5.3%64.0068.0078.0089.0084.00

Risks for OKTA

What is the probability of a big loss on OKTA?

88.8%


Probability that Okta stock will be more than 20% underwater in next one year

40.8%


Probability that Okta stock will be more than 30% underwater in next one year.

21.9%


Probability that Okta stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OKTA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Okta was unfortunately bought at previous high price.

Drawdowns

Returns for OKTA

Cumulative Returns on OKTA

16.6%


5-Year Cumulative Returns

-8.1%


3-Year Cumulative Returns

What are the long-term rolling returns for OKTA?

FIve years rolling returns for Okta.

Annualized Returns

Which funds bought or sold OKTA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-1.15
54,408
345,408
0.01%
2023-03-14
AWM CAPITAL, LLC
new
-
205,332
205,332
0.07%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-36.63
-1,498,090
4,780,910
-%
2023-03-06
Rockefeller Capital Management L.P.
added
46.62
771,000
1,784,000
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-2,000
-
-%
2023-03-01
Lakewood Asset Management LLC
new
-
3,000
3,000
-%
2023-02-28
Mezzasalma Advisors, LLC
reduced
-14.8
8,234
338,234
0.30%
2023-02-28
Voya Investment Management LLC
reduced
-8.92
5,515,730
63,994,700
0.09%
2023-02-27
Parallax Volatility Advisers, L.P.
added
379,508
15,560,200
15,563,200
0.02%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-90.00
-36,944
5,056
-%

1–10 of 40

Latest Funds Activity

Are funds buying OKTA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own OKTA
No. of Funds

Okta News

InvestorsObserver

Splashtop Acquires Foxpass to Broaden Security Portfolio.

InvestorsObserver,
110 minutes ago

Nasdaq

Schedule 13G FIlings of Okta

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
mckinnon todd
4.8%
7,820,688
SC 13G/A
Feb 14, 2023
kerrest jacques frederic
1.9%
3,033,890
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
0.1%
95,940
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
Feb 09, 2023
vanguard group inc
9.19%
14,043,781
SC 13G/A
Feb 07, 2023
blackrock inc.
6.4%
9,705,940
SC 13G/A
Feb 14, 2022
mckinnon todd
4.9%
7,704,897
SC 13G/A
Feb 14, 2022
kerrest jacques frederic
2.0%
3,046,279
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
7.3%
10,889,976
SC 13G
Feb 03, 2022
blackrock inc.
8.3%
12,325,210
SC 13G/A

OKTA Fair Value

Okta fair value in different scenarios

The table shows the Fair Value estimates for Okta for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

10.56

-87.58%

13.79

-83.78%

24.96

-70.64%

45.68

-46.26%

87.72

3.20%
Current Inflation

10.31

-87.87%

13.15

-84.53%

22.76

-73.22%

40.31

-52.58%

75.72

-10.92%
Very High Inflation

10.00

-88.24%

12.39

-85.42%

20.20

-76.24%

34.14

-59.84%

62.06

-26.99%

Historical Okta Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Okta

View All Filings
Date Filed Form Type Document
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 13, 2023
3
Insider Trading
Mar 03, 2023
10-K
Annual Report
Mar 03, 2023
S-8
Employee Benefits Plan
Mar 01, 2023
8-K
Current Report
Feb 14, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for OKTA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-17
Runyan Jonathan T
sold
-697
69.77
-10.00
general counsel and secretary
2022-12-27
Kerrest Jacques Frederic
gifted
-
-
-26,000
-
2022-12-23
Kerrest Jacques Frederic
acquired
-
-
26,000
-
2022-12-16
McKinnon Todd
sold
-254,214
67.4129
-3,771
chief executive officer
2022-12-16
Tighe Brett
sold
-178,172
67.4129
-2,643
chief financial officer
2022-12-16
St. Ledger Susan
sold
-168,802
67.4129
-2,504
see remarks
2022-12-16
Runyan Jonathan T
sold
-203,722
67.4129
-3,022
general counsel and secretary
2022-12-15
Tighe Brett
acquired
-
-
5,965
chief financial officer
2022-12-15
Runyan Jonathan T
acquired
-
-
6,014
general counsel and secretary
2022-12-15
St. Ledger Susan
acquired
-
-
4,985
see remarks

1–10 of 50

Todd McKinnon
5030
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 Identity Cloud, a platform that offers a suite of products and services, 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 that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that 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 Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

OKTA Income Statement

2023-01-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Revenue   
Total revenue$ 1,858$ 1,300$ 835
Cost of revenue   
Total cost of revenue546396218
Gross profit1,312904617
Operating expenses   
Research and development620469223
Sales and marketing1,066771427
General and administrative409432171
Restructuring and other charges2900
Total operating expenses2,1241,672821
Operating loss(812)(768)(204)
Interest expense(11)(91)(73)
Interest income and other, net22913
Loss on early extinguishment and conversion of debt00(2)
Interest and other, net11(82)(62)
Loss before provision for (benefit from) income taxes(801)(850)(266)
Provision for (benefit from) income taxes14(2)0
Net loss$ (815)$ (848)$ (266)
Net loss per share, basic (in dollars per share)$ (5.16)$ (5.73)$ (2.09)
Net loss per share, diluted (in dollars per share)$ (5.16)$ (5.73)$ (2.09)
Weighted-average shares used to compute net loss per share, basic (in shares)158,023148,036127,212
Weighted-average shares used to compute net loss per share, diluted (in shares)158,023148,036127,212
Subscription   
Revenue   
Total revenue$ 1,794$ 1,249$ 797
Cost of revenue   
Total cost of revenue464329170
Professional services and other   
Revenue   
Total revenue645138
Cost of revenue   
Total cost of revenue$ 82$ 67$ 48

OKTA Balance Sheet

2023-01-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 31, 2023
Jan. 31, 2022
Current assets:  
Cash and cash equivalents$ 264$ 260
Short-term investments2,3162,242
Accounts receivable, net of allowances of $8 and $4481398
Deferred commissions9275
Prepaid expenses and other current assets7666
Total current assets3,2293,041
Property and equipment, net5965
Operating lease right-of-use assets122148
Deferred commissions, noncurrent210191
Intangible assets, net241317
Goodwill5,4005,401
Other assets4643
Total assets9,3079,206
Current liabilities:  
Accounts payable1220
Accrued expenses and other current liabilities11290
Accrued compensation99144
Convertible senior notes, net016
Deferred revenue1,242973
Total current liabilities1,4651,243
Convertible senior notes, net, noncurrent2,1931,816
Operating lease liabilities, noncurrent142171
Deferred revenue, noncurrent1823
Other liabilities, noncurrent2331
Total liabilities3,8413,284
Commitments and contingencies (Note 11)
Stockholders’ equity:  
Preferred stock00
Additional paid-in capital7,9747,750
Accumulated other comprehensive loss(33)(12)
Accumulated deficit(2,475)(1,816)
Total stockholders’ equity5,4665,922
Total liabilities and stockholders’ equity9,3079,206
Class A Common Stock   
Stockholders’ equity:  
Common stock00
Class B Common Stock   
Stockholders’ equity:  
Common stock$ 0$ 0