OKTA - Okta Inc Stock Price, Fair Value and News

92.23USD-0.70 (-0.75%)Market Closed

Market Summary

USD92.23-0.70

Market Closed

-0.75%

OKTA Alerts

2 major insider sales recently.

Big jump in Earnings (Y/Y)
Losses in recent quarter

OKTA Stock Price

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OKTA RSI Chart

OKTA Valuation

Market Cap

15.1B

Price/Earnings (Trailing)

-42.51

Price/Sales (Trailing)

6.67

EV/EBITDA

-48.36

Price/Free Cashflow

29.94

OKTA Price/Sales (Trailing)

OKTA Profitability

EBT Margin

-14.89%

Return on Equity

-6.03%

Return on Assets

-3.95%

Free Cashflow Yield

3.34%

OKTA Fundamentals

OKTA Revenue

Revenue (TTM)

2.3B

Rev. Growth (Yr)

18.63%

Rev. Growth (Qtr)

3.6%

OKTA Earnings

Earnings (TTM)

-355.0M

Earnings Growth (Yr)

71.24%

Earnings Growth (Qtr)

45.68%

Breaking Down OKTA Revenue

Last 7 days

0.2%

Last 30 days

-12.1%

Last 90 days

8.8%

Trailing 12 Months

31.7%

How does OKTA drawdown profile look like?

OKTA Financial Health

Current Ratio

1.67

Debt/Equity

0.2

Debt/Cashflow

0.44

OKTA Investor Care

Shares Dilution (1Y)

3.55%

Diluted EPS (TTM)

-2.17

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.3B	0	0	0
2023	1.9B	2.0B	2.1B	2.2B
2022	1.3B	1.5B	1.6B	1.7B
2021	835.0M	903.1M	1.0B	1.2B
2020	586.1M	643.7M	703.7M	768.0M
2019	399.3M	440.9M	486.8M	534.2M
2018	256.5M	287.8M	322.2M	360.8M
2017	160.8M	181.3M	204.2M	228.8M
2016	85.9M	104.6M	123.4M	142.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Okta Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	ninan shibu	sold	-445,615	104	-4,279	chief accounting officer
Mar 15, 2024	kerrest jacques frederic	sold (taxes)	-	-	-2,268	-
Mar 15, 2024	addison jonathan james	acquired	-	-	14,476	chief revenue officer
Mar 15, 2024	kerrest jacques frederic	acquired	-	-	4,750	-
Mar 15, 2024	tighe brett	acquired	-	-	11,798	chief financial officer
Mar 15, 2024	schwartz larissa	acquired	-	-	5,319	see remarks
Mar 15, 2024	mckinnon todd	acquired	-	-	14,833	chief executive officer
Mar 15, 2024	mckinnon todd	sold (taxes)	-	-	-27,454	chief executive officer
Mar 15, 2024	tighe brett	sold (taxes)	-	-	-10,298	chief financial officer
Mar 15, 2024	addison jonathan james	sold (taxes)	-	-	-7,904	chief revenue officer

Which funds bought or sold OKTA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Rather & Kittrell, Inc.	unchanged	-	79,298	588,801	0.18%
Apr 25, 2024	Triumph Capital Management	reduced	-27.26	-66,587	328,543	0.13%
Apr 25, 2024	Bank of New York Mellon Corp	unchanged	-	6,946	191,468	-%
Apr 25, 2024	Aaron Wealth Advisors LLC	new	-	231,210	231,210	0.03%
Apr 25, 2024	Gainplan LLC	new	-	1,579,660	1,579,660	0.76%
Apr 25, 2024	LECAP ASSET MANAGEMENT LTD	reduced	-48.51	-654,718	961,876	0.20%
Apr 25, 2024	FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	added	18.89	1,219,000	4,478,000	0.05%
Apr 25, 2024	Bear Mountain Capital, Inc.	sold off	-100	-15,375	-	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	reduced	-0.7	945,095	7,350,180	0.03%
Apr 25, 2024	Allworth Financial LP	added	577	124,184	142,339	-%

Are Funds Buying or Selling OKTA?

Are funds buying OKTA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OKTA

No. of Funds

Unveiling Okta Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	kerrest jacques frederic	1.9%	3,034,642	SC 13G/A
Feb 14, 2024	mckinnon todd	4.7%	7,874,100	SC 13G/A
Feb 13, 2024	vanguard group inc	9.95%	15,719,527	SC 13G/A
Feb 13, 2024	sands capital management, llc	5.3%	8,358,414	SC 13G
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 29, 2024	blackrock inc.	5.8%	9,119,528	SC 13G/A
Jun 09, 2023	vanguard group inc	10.06%	15,598,090	SC 13G/A
Feb 14, 2023	mckinnon todd	4.8%	7,820,688	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.1%	95,940	SC 13G/A
Feb 14, 2023	kerrest jacques frederic	1.9%	3,033,890	SC 13G/A

Recent SEC filings of Okta Inc

View All Filings

Date Filed	Form Type	Document
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to Okta Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	236.6B	-3.63%	33.23%	35.03	12.76	13.97%	24.86%
ADBE	213.9B	19.9B	-5.32%	28.58%	44.56	10.73	10.76%	1.35%
CRWD	72.6B	3.1B	-5.59%	141.36%	812.75	23.76	36.33%	148.75%
SQ	45.4B	21.9B	-10.45%	22.96%	6.6K	2.07	25.01%	101.26%
AKAM	15.4B	3.8B	-7.25%	24.42%	28.14	4.04	5.40%	4.57%
FFIV	10.7B	2.8B	-3.65%	37.78%	23.21	3.81	3.55%	53.13%
MID-CAP
ALTR	6.7B	612.7M	-3.08%	20.53%	-754.94	11	7.07%	79.45%
HCP	6.3B	583.1M	20.70%	13.67%	-33.13	10.83	22.54%	30.49%
ACIW	3.5B	1.5B	2.37%	34.86%	29.17	2.44	2.16%	-14.54%
APPN	2.7B	545.4M	-4.16%	2.06%	-24.66	5.04	16.53%	26.16%
SMALL-CAP
CSGS	1.4B	1.2B	-4.77%	-7.98%	20.66	1.21	7.30%	93.18%
ATEN	1.0B	251.7M	-1.02%	-4.24%	25.24	4.01	-10.22%	-14.79%
BAND	461.5M	601.1M	-0.17%	46.86%	-28.24	0.77	4.88%	-183.51%
DTSS	20.8M	7.0M	1.99%	-47.50%	-2.42	2.91	-55.73%	-45.27%
BLIN	13.8M	15.6M	12.82%	48.31%	-1.38	0.88	-6.37%	-5256.07%

Okta Inc News

Latest updates

Okta Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.6%	605	584	556	518	510	481	452	415	383	351	316	251	234	217	200	183	167	153	140	125	115
Gross Profit	4.8%	460	439	407	376	371	343	314	284	264	241	214	185	173	160	149	134	123	112	102	90.00	84.00
Operating Expenses	-1.3%	543	550	569	536	528	550	522	524	479	440	478	276	227	212	195	187	167	158	145	142	112
S&GA Expenses	-7.8%	249	270	261	256	259	290	265	252	222	204	198	147	115	110	98.00	104	93.00	87.00	78.00	82.00	63.00
R&D Expenses	-5.5%	156	165	172	163	154	148	156	162	147	131	122	69.00	62.00	58.00	54.00	48.00	43.00	42.00	40.00	34.00	30.00
EBITDA Margin	27.2%	-0.15*	-0.20*	-0.27*	-0.34*	-0.43*	-0.50*	-0.53*	-0.62*	-0.58*	-0.52*	-0.44*	-0.26*	-0.23*	-0.23*	-0.26*	-0.28*	-0.31*	-0.32*	-0.29*	-0.31*	-0.28*
Interest Expenses	-50.0%	1.00	2.00	2.00	3.00	2.00	3.00	3.00	3.00	22.00	23.00	23.00	23.00	23.00	22.00	17.00	11.00	11.00	8.00	4.00	4.00	4.00
Income Taxes	-100.0%	-	7.00	7.00	4.00	4.00	4.00	4.00	2.00	5.00	1.00	-7.50	0.00	1.00	0.00	-0.43	-0.40	1.00	0.00	-1.50	-1.16	2.00
Earnings Before Taxes	40.5%	-44.00	-74.00	-104	-115	-149	-205	-206	-241	-236	-220	-284	-109	-74.81	-72.56	-60.53	-58.10	-49.62	-63.10	-44.50	-53.10	-28.94
EBT Margin	27.0%	-0.15*	-0.20*	-0.28*	-0.34*	-0.43*	-0.51*	-0.56*	-0.67*	-0.65*	-0.60*	-0.53*	-0.35*	-0.32*	-0.31*	-0.33*	-0.33*	-0.36*	-0.36*	-0.32*	-0.35*	-0.31*
Net Income	45.7%	-44.00	-81.00	-111	-119	-153	-209	-210	-243	-240	-221	-276	-109	-75.47	-72.76	-60.10	-57.66	-50.47	-63.49	-42.98	-51.97	-30.81
Net Income Margin	26.7%	-0.16*	-0.21*	-0.29*	-0.35*	-0.44*	-0.52*	-0.57*	-0.67*	-0.65*	-0.59*	-0.52*	-0.35*	-0.32*	-0.31*	-0.33*	-0.33*	-0.36*	-0.35*	-0.32*	-0.34*	-0.31*
Free Cashflow	11.8%	171	153	51.00	129	73.00	8.00	-21.00	14.00	6.00	35.00	-3.38	53.00	33.00	43.00	8.00	31.00	19.00	11.00	-3.34	14.00	5.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.8%	8,989	8,740	8,713	8,900	9,307	9,094	9,074	9,046	9,206	8,997	8,932	3,430	3,299	3,170	3,115	2,037	1,955	1,871	1,027	999	984
Current Assets	9.3%	2,980	2,727	2,686	2,843	3,229	3,007	2,946	2,899	3,041	2,853	2,877	3,012	2,879	2,758	2,707	1,634	1,600	1,527	697	677	708
Cash Equivalents	-16.5%	334	400	356	125	264	250	216	194	260	372	225	660	449	410	957	619	532	1,040	207	208	311
Net PPE	-4.0%	48.00	50.00	49.00	54.00	59.00	61.00	67.00	66.00	65.00	61.00	62.00	63.00	63.00	62.00	63.00	62.00	54.00	52.00	52.00	52.00	53.00
Goodwill	0%	5,406	5,406	5,406	5,406	5,400	5,400	5,400	5,401	5,401	5,401	62.00	5,290	48.00	48.00	48.00	48.00	48.00	48.00	48.00	48.00	18.00
Liabilities	3.0%	3,101	3,010	3,073	3,366	3,841	3,686	3,621	3,573	3,284	3,012	2,890	2,748	2,605	2,490	2,430	1,624	1,550	1,472	776	759	732
Current Liabilities	15.5%	1,782	1,543	1,456	1,362	1,465	1,309	1,237	1,185	1,243	988	913	800	1,546	574	534	570	547	478	621	602	573
Long Term Debt	-11.4%	1,154	1,302	1,451	1,831	2,193	2,192	2,190	2,189	1,816	1,794	1,773	1,751	857	1,710	1,689	846	837	828	-	-	-
LT Debt, Current	-	-	-	-	-	-	5.00	5.00	5.00	16.00	16.00	16.00	21.00	909	35.00	44.00	102	101	99.00	280	276	272
LT Debt, Non Current	-11.4%	1,154	1,302	1,451	1,831	2,193	2,192	2,190	2,189	1,816	1,794	1,773	1,751	857	1,710	1,689	846	837	828	-	-	-
Shareholder's Equity	2.8%	5,888	5,730	5,640	5,534	5,466	5,408	5,453	5,473	5,922	5,985	4.00	6.00	693	681	6.00	413	405	398	840	239	252
Retained Earnings	-1.6%	-2,830	-2,786	-2,705	-2,594	-2,475	-2,322	-2,113	-1,902	-1,816	-1,574	-1,353	-1,076	-967	-891	-818	-758	-701	-650	-587	-544	-492
Additional Paid-In Capital	2.2%	8,724	8,534	8,359	8,148	7,974	7,786	7,607	7,412	7,750	7,559	7,391	1,754	1,656	1,570	1,499	1,168	1,106	1,049	840	784	745
Shares Outstanding	-0.5%	164	164	162	161	158	159	157	156	148	154	142	132	127	126	125	123	117	119	115	113	108
Float	-	-	-	12,000	-	-	-	14,900	-	-	-	36,300	-	-	-	26,200	-	-	-	13,700	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	11.5%	174	156	53.00	129	76.00	10.00	-19.00	19.00	13.00	37.00	-2.61	56.00	35.00	43.00	11.00	39.00	25.00	11.00	-1.13	21.00	10.00
Share Based Compensation	-6.4%	161	172	185	166	164	172	170	171	158	156	188	64.00	55.00	54.00	48.00	38.00	37.00	36.00	31.00	23.00	22.00
Cashflow From Investing	-765.0%	-133	20.00	495	59.00	-83.00	22.00	19.00	-88.00	-156	101	-463	152	-37.12	-595	-722	51.00	-562	23.00	-22.38	-125	81.00
Cashflow From Financing	18.0%	-109	-133	-315	-326	14.00	6.00	23.00	5.00	31.00	9.00	33.00	16.00	26.00	5.00	1,047	14.00	19.00	798	23.00	13.00	15.00

OKTA Income Statement

2024-01-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Revenue
Total revenue	$ 2,263	$ 1,858	$ 1,300
Cost of revenue
Total cost of revenue	581	546	396
Gross profit	1,682	1,312	904
Operating expenses
Research and development	656	620	469
Sales and marketing	1,036	1,066	771
General and administrative	450	409	432
Restructuring and other charges	56	29	0
Total operating expenses	2,198	2,124	1,672
Operating loss	(516)	(812)	(768)
Interest expense	(8)	(11)	(91)
Interest income and other, net	81	22	9
Gain on early extinguishment of debt	106	0	0
Interest and other, net	179	11	(82)
Loss before provision for (benefit from) income taxes	(337)	(801)	(850)
Provision for (benefit from) income taxes	18	14	(2)
Net loss	$ (355)	$ (815)	$ (848)
Net loss per share, basic (in dollars per share)	$ (2.17)	$ (5.16)	$ (5.73)
Net loss per share, diluted (in dollars per share)	$ (2.17)	$ (5.16)	$ (5.73)
Weighted-average shares used to compute net loss per share, basic (in shares)	163,634	158,023	148,036
Weighted-average shares used to compute net loss per share, diluted (in shares)	163,634	158,023	148,036
Subscription
Revenue
Total revenue	$ 2,205	$ 1,794	$ 1,249
Cost of revenue
Total cost of revenue	502	464	329
Professional services and other
Revenue
Total revenue	58	64	51
Cost of revenue
Total cost of revenue	$ 79	$ 82	$ 67

OKTA Balance Sheet

2024-01-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 31, 2024	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 334	$ 264
Short-term investments	1,868	2,316
Accounts receivable, net of allowances of $6 and $8	559	481
Deferred commissions	113	92
Prepaid expenses and other current assets	106	76
Total current assets	2,980	3,229
Property and equipment, net	48	59
Operating lease right-of-use assets	83	122
Deferred commissions, noncurrent	242	210
Intangible assets, net	182	241
Goodwill	5,406	5,400
Other assets	48	46
Total assets	8,989	9,307
Current liabilities:
Accounts payable	12	12
Accrued expenses and other current liabilities	115	112
Accrued compensation	167	99
Deferred revenue	1,488	1,242
Total current liabilities	1,782	1,465
Convertible senior notes, net, noncurrent	1,154	2,193
Operating lease liabilities, noncurrent	112	142
Deferred revenue, noncurrent	23	18
Other liabilities, noncurrent	30	23
Total liabilities	3,101	3,841
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	8,724	7,974
Accumulated other comprehensive loss	(6)	(33)
Accumulated deficit	(2,830)	(2,475)
Total stockholders’ equity	5,888	5,466
Total liabilities and stockholders’ equity	8,989	9,307
Class A Common Stock
Stockholders’ equity:
Common stock	0	0
Class B Common Stock
Stockholders’ equity:
Common stock	$ 0	$ 0

About Okta Inc

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. 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.

CEO	Mr. Todd McKinnon
WEBSITE	okta.com
INDUSTRY	Software - Infra
EMPLOYEES	5806

Okta Inc Frequently Asked Questions

What is the ticker symbol for Okta Inc? What does OKTA stand for in stocks?

OKTA is the stock ticker symbol of Okta Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Okta Inc (OKTA)?

As of Fri Apr 26 2024, market cap of Okta Inc is 15.09 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OKTA stock?

You can check OKTA's fair value in chart for subscribers.

What is the fair value of OKTA stock?

You can check OKTA's fair value in chart for subscribers. The fair value of Okta Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Okta Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OKTA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Okta Inc a good stock to buy?

The fair value guage provides a quick view whether OKTA is over valued or under valued. Whether Okta Inc is cheap or expensive depends on the assumptions which impact Okta Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OKTA.

What is Okta Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, OKTA's PE ratio (Price to Earnings) is -42.51 and Price to Sales (PS) ratio is 6.67. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OKTA PE ratio will change depending on the future growth rate expectations of investors.