Okta Inc Stock Research

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	89.4B	17.2B	-6.21%	0.92%	28.42	5.19	9.88%	14.66%
FISV	70.0B	17.7B	-6.17%	14.47%	27.68	3.95	9.31%	89.66%
SQ	44.5B	17.5B	-3.58%	-28.15%	-82.3	2.54	-0.73%	-425.19%
CTSH	29.7B	19.4B	-15.50%	-34.47%	12.98	1.53	4.98%	7.16%
VRSN	20.4B	1.4B	-9.85%	-6.11%	30.35	14.35	7.33%	-14.14%
MID-CAP
CACI	6.7B	6.5B	-6.29%	-5.62%	18.33	1.03	6.38%	-16.32%
SAIC	5.7B	7.5B	-2.29%	18.08%	21.29	0.76	2.58%	-9.12%
DXC	5.4B	14.8B	-21.29%	-25.03%	7.52	0.36	-10.79%	217.70%
SMALL-CAP
FSLY	2.0B	432.7M	15.63%	6.35%	-10.5	4.63	22.12%	14.33%
CSGS	1.6B	1.1B	-17.43%	-18.78%	36.68	1.48	4.13%	-39.09%
SABR	1.3B	2.5B	-42.49%	-58.08%	-3.03	0.52	50.22%	53.10%
TCX	257.5M	324.7M	-28.83%	-63.85%	-16	0.79	10.96%	-317.50%
UIS	233.9M	2.0B	-37.32%	-83.97%	-2.21	0.12	-3.63%	76.37%
INOD	193.8M	79.0M	12.39%	27.29%	-16.23	2.45	13.25%	-613.39%
BCOV	191.4K	211.0M	-33.86%	-33.86%	-0.02	9e-4	-0.04%	-267.04%

Financials for Okta

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	8.1%	1,731	1,600	1,464	1,300	1,152
Gross Profit	9.3%	1,205	1,102	1,003	904	814
Operating Expenses	5.6%	2,074	1,963	1,919	1,671	1,421
S&GA Expenses	9.1%	1,029	943	876	770	664
R&D Expenses	3.0%	613	595	562	469	384
EBITDA	-0.6%	-856	-851	-909	-745	-
EBITDA Margin	7.0%	-0.49*	-0.53*	-0.62*	-0.57*	-
Earnings Before Taxes	1.7%	-888	-903	-981	-849	-688
EBT Margin	9.1%	-0.51*	-0.56*	-0.67*	-0.65*	-0.60*
Interest Expenses	-38.9%	32.00	52.00	72.00	92.00	91.00
Net Income	1.4%	-903	-915	-981	-848	-683
Net Income Margin	8.8%	-0.52*	-0.57*	-0.67*	-0.65*	-0.59*
Free Cahsflow	-78.6%	7.00	35.00	52.00	92.00	118

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.2%	9,094	9,074	9,046	9,206	8,997
Current Assets	2.1%	3,007	2,946	2,899	3,041	2,853
Cash Equivalents	15.6%	250	216	194	260	372
Net PPE	-9.1%	61.00	67.00	66.00	65.00	61.00
Goodwill	0%	5,400	5,400	5,401	5,401	5,401
Liabilities	1.8%	3,686	3,621	3,573	3,284	3,012
Current Liabilities	5.9%	1,309	1,237	1,185	1,243	988
Shareholder's Equity	-0.8%	5,408	5,453	5,473	5,922	5,985
Retained Earnings	-9.9%	-2,322	-2,113	-1,902	-1,815	-1,574
Additional Paid-In Capital	2.3%	7,786	7,607	7,412	7,750	7,559
Accumulated Depreciation	-	34.00	-	-	-	-
Shares Outstanding	0.8%	159	157	156	154	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-53.8%	23.00	50.00	67.00	104	125
Share Based Compensation	2.3%	670	654	671	565	464
Cashflow From Investing	-64.5%	-203	-123	-607	-366	-247
Cashflow From Financing	-5.3%	64.00	68.00	78.00	89.00	84.00

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 ascending	Fund Name	Type	% 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	-%

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

Schedule 13G FIlings of Okta

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About Okta

Todd McKinnon

http://www.okta.com/

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 revenue	546	396	218
Gross profit	1,312	904	617
Operating expenses
Research and development	620	469	223
Sales and marketing	1,066	771	427
General and administrative	409	432	171
Restructuring and other charges	29	0	0
Total operating expenses	2,124	1,672	821
Operating loss	(812)	(768)	(204)
Interest expense	(11)	(91)	(73)
Interest income and other, net	22	9	13
Loss on early extinguishment and conversion of debt	0	0	(2)
Interest and other, net	11	(82)	(62)
Loss before provision for (benefit from) income taxes	(801)	(850)	(266)
Provision for (benefit from) income taxes	14	(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)	158,023	148,036	127,212
Weighted-average shares used to compute net loss per share, diluted (in shares)	158,023	148,036	127,212
Subscription
Revenue
Total revenue	$ 1,794	$ 1,249	$ 797
Cost of revenue
Total cost of revenue	464	329	170
Professional services and other
Revenue
Total revenue	64	51	38
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 investments	2,316	2,242
Accounts receivable, net of allowances of $8 and $4	481	398
Deferred commissions	92	75
Prepaid expenses and other current assets	76	66
Total current assets	3,229	3,041
Property and equipment, net	59	65
Operating lease right-of-use assets	122	148
Deferred commissions, noncurrent	210	191
Intangible assets, net	241	317
Goodwill	5,400	5,401
Other assets	46	43
Total assets	9,307	9,206
Current liabilities:
Accounts payable	12	20
Accrued expenses and other current liabilities	112	90
Accrued compensation	99	144
Convertible senior notes, net	0	16
Deferred revenue	1,242	973
Total current liabilities	1,465	1,243
Convertible senior notes, net, noncurrent	2,193	1,816
Operating lease liabilities, noncurrent	142	171
Deferred revenue, noncurrent	18	23
Other liabilities, noncurrent	23	31
Total liabilities	3,841	3,284
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	7,974	7,750
Accumulated other comprehensive loss	(33)	(12)
Accumulated deficit	(2,475)	(1,816)
Total stockholders’ equity	5,466	5,922
Total liabilities and stockholders’ equity	9,307	9,206
Class A Common Stock
Stockholders’ equity:
Common stock	0	0
Class B Common Stock
Stockholders’ equity:
Common stock	$ 0	$ 0