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Okta Inc Stock Research

OKTA

83.53USD+1.49(+1.82%)Market Closed
Watchlist

Market Summary

USD83.53+1.49
Market Closed
1.82%

OKTA Alerts

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

OKTA Stock Price

OKTA RSI Chart

OKTA Valuation

Market Cap

13.6B

Price/Earnings (Trailing)

-22.97

Price/Sales (Trailing)

6.58

EV/EBITDA

-23.53

Price/Free Cashflow

52.09

OKTA Price/Sales (Trailing)

OKTA Profitability

EBT Margin

-34.43%

Return on Equity

-12.49%

Return on Assets

-7.77%

Free Cashflow Yield

1.92%

OKTA Fundamentals

OKTA Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

23.01%

Revenue Q/Q

7.34%

OKTA Earnings

Earnings (TTM)

-591.8M

Earnings Y/Y

47.14%

Earnings Q/Q

6.72%

Price Action

52 Week Range

44.1291.50
(Low)(High)

Last 7 days

-4.5%

Last 30 days

14.5%

Last 90 days

17.7%

Trailing 12 Months

42.8%

OKTA Financial Health

Current Ratio

2.09

OKTA Investor Care

Shares Dilution (1Y)

3.40%

Diluted EPS (TTM)

-3.69

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for OKTA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-18
McKinnon Todd
sold
-620,147
83.0072
-7,471
chief executive officer
2023-09-18
Ninan Shibu
sold
-272,430
83.0072
-3,282
chief accounting officer
2023-09-18
Tighe Brett
sold
-402,253
83.0072
-4,846
chief financial officer
2023-09-18
Schwartz Larissa
sold
-158,212
83.0072
-1,906
see remarks
2023-09-15
McKinnon Todd
acquired
-
-
14,833
chief executive officer
2023-09-15
Schwartz Larissa
acquired
-
-
5,319
see remarks
2023-09-15
Tighe Brett
acquired
-
-
11,796
chief financial officer
2023-09-15
Ninan Shibu
acquired
-
-
9,340
chief accounting officer
2023-08-19
Choi Emilie
acquired
-
-
1,212
-
2023-06-21
Epstein Jeff
acquired
-
-
2,378
-

1–10 of 50

Which funds bought or sold OKTA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-18
WASHINGTON CAPITAL MANAGEMENT, INC
sold off
-100
-569,184
-
-%
2023-09-13
AWM CAPITAL, LLC
reduced
-0.17
-51,101
208,050
0.05%
2023-09-12
Farther Finance Advisors, LLC
reduced
-29.52
-3,923
5,132
-%
2023-09-12
Prosperity Wealth Management, Inc.
new
-
245,152
245,152
0.16%
2023-09-01
DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.
reduced
-13.91
-8,236,610
18,532,900
1.81%
2023-08-25
Yarbrough Capital, LLC
unchanged
-
-138,768
569,780
0.03%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-3,725,560
15,297,100
0.15%
2023-08-23
WOLVERINE TRADING, LLC
new
-
777,955
777,955
-%
2023-08-22
COMERICA BANK
new
-
1,000
1,000
-%
2023-08-22
Asset Dedication, LLC
unchanged
-
-
1,000
-%

1–10 of 37

Latest Funds Activity

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

Schedule 13G FIlings of Okta

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
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

Recent SEC filings of Okta

View All Filings
Date Filed Form Type Document
Sep 19, 2023
4
Insider Trading
Sep 19, 2023
4
Insider Trading
Sep 19, 2023
4
Insider Trading
Sep 19, 2023
4
Insider Trading
Aug 31, 2023
10-Q
Quarterly Report
Aug 30, 2023
8-K
Current Report
Aug 22, 2023
4
Insider Trading
Jun 23, 2023
4
Insider Trading
Jun 23, 2023
4
Insider Trading
Jun 23, 2023
4
Insider Trading

Peers (Alternatives to Okta)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
100.5B
18.0B
-2.89% 5.52%
29.45
5.58
9.18% 15.70%
70.1B
18.5B
-3.11% 14.36%
27.94
3.8
8.49% 23.72%
35.1B
19.4B
1.09% 13.19%
16.01
1.81
0.73% -2.96%
28.9B
19.7B
-17.36% -22.61%
-106.75
1.47
20.89% 45.06%
20.8B
1.5B
-0.58% 14.89%
29.1
14.19
6.49% -12.09%
MID-CAP
7.3B
6.7B
-1.47% 14.23%
19.05
1.09
8.05% 4.89%
5.8B
7.7B
-5.59% 17.19%
11.63
0.75
2.42% 91.92%
5.5B
14.2B
0.93% -24.03%
7.64
0.37
-10.50% -216.97%
SMALL-CAP
2.5B
468.2M
2.33% 115.59%
-15.09
5.33
20.26% 14.89%
1.7B
1.1B
-1.91% -2.55%
23.67
1.45
7.84% 61.27%
1.5B
2.8B
-12.48% -29.19%
-2.92
0.55
27.04% 7.76%
265.7M
2.0B
-10.74% -61.29%
-2.51
0.13
1.13% -9.87%
218.5M
76.3M
-43.53% 142.77%
-26.82
2.86
-2.06% 4.76%
213.0M
322.4M
-5.21% -50.22%
-2.98
0.66
-0.06% -960.96%
146.8K
203.2M
-10.73% -48.49%
-0.01
7e-4
-4.42% -884.97%

Okta News

The Coin Republic
OKTA Stock Price Prediction: Can Okta Price Slump Below $80?.
The Coin Republic,
5 hours ago
The Business Journals
That Oregon Life
Marketscreener.com

Returns for OKTA

Cumulative Returns on OKTA

4.1%


5-Year Cumulative Returns

-25.0%


3-Year Cumulative Returns

Risks for OKTA

What is the probability of a big loss on OKTA?

98.8%


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

50%


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

30.4%


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

Financials for Okta

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue5.3%2,0651,9611,8581,7311,6001,4641,3001,1521,018903835768704644586534487441399361322
Gross Profit6.6%1,4971,4041,3121,2051,1031,003904813733668617567519471427388352316286256226
Operating Expenses2.2%2,1832,1362,1242,0751,9651,9201,6721,4201,193910821761707657613557503463405372348
  S&GA Expenses-0.4%1,0661,0701,0661,029943876771664570469427405382362340310280261228210200
  R&D Expenses2.6%63862262061459656246938431224322320418817415914613211610292.0083.00
EBITDA100.0%--664-790-856-851-909-745---232-193-180-185-181-183-169-139-135-110-104-109
EBITDA Margin100.0%--0.34*-0.43*-0.49*-0.53*-0.62*-0.57*---0.26*-0.23*-0.23*-0.26*-0.28*-0.31*-0.32*-0.29*-0.31*-0.28*-0.29*-0.34*
Interest Expenses-8.9%10.0011.0011.0031.0051.0071.0091.0092.0091.0085.0073.0061.0046.0034.0027.0021.0017.0017.0015.0015.0014.00
Earnings Before Taxes15.1%-572-674-801-888-903-981-850-688-540-317-266-240-231-215-210-189-156-152-125-119-123
EBT Margin100.0%--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*-0.35*-0.32*-0.35*-0.31*-0.33*-0.38*
Net Income14.3%-591-690-815-902-915-981-848-682-534-317-266-241-231-214-208-189-155-151-125-117-121
Net Income Margin100.0%--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*-0.32*-0.36*
Free Cashflow-100.0%-18974.007.0035.0052.0092.0011812513711510169.0057.0040.0025.0017.009.00-4.64-10.01-21.87
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-2.1%8,7138,9009,3079,0949,0749,0469,2068,9978,9323,4303,2993,1703,1152,0371,9551,8711,027999984797764
  Current Assets-5.5%2,6862,8433,2293,0072,9462,8993,0412,8532,8773,0122,8792,7582,7071,6341,6001,527697677708658633
    Cash Equivalents184.8%3561252642502161942733722256604354109576195321,040207208311196193
  Net PPE-9.3%49.0054.0059.0061.0067.0066.0065.0061.0062.0063.0063.0062.0063.0062.0054.0052.0052.0052.0053.0044.0041.00
  Goodwill0%5,4065,4065,4005,4005,4005,4015,4015,40162.005,29048.0048.0048.0048.0048.0048.0048.0048.0018.0018.0018.00
Liabilities-8.7%3,0733,3663,8413,6863,6213,5733,2843,0122,8902,7482,6052,4902,4301,6241,5501,472776759732552519
  Current Liabilities6.9%1,4561,3621,4651,3091,2371,1851,2439889138001,546574534570547478621602573245218
Shareholder's Equity1.9%5,6405,5345,4665,4085,4535,4735,9225,9856,042683693681685413405398251239252245245
  Retained Earnings-4.3%-2,705-2,594-2,475-2,322-2,113-1,902-1,816-1,574-1,353-1,076-967-891-818-758-701-650-587-544-492-461-431
  Additional Paid-In Capital2.6%8,3598,1487,9747,7867,6077,4127,7507,5597,3911,7541,6561,5701,4991,1681,1061,049840784745707677
Shares Outstanding0.9%163161-159157156-154151132127129126123117116115113108109107
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations36.7%26819686.0023.0051.0067.0010412613214512811885.0073.0056.0041.0037.0032.0015.005.00-10.69
  Share Based Compensation2.2%68767267767065567356646336122119517715914212711298.0085.0076.0068.0061.00
Cashflow From Investing2800.0%49317.00-130-204-124-606-367-247-944-1,203-1,305-1,830-1,212-511-688-44.21-77.64-83.98-197-296-287
Cashflow From Financing-119.4%-621-28348.0064.0068.0078.0089.0084.0080.001,0941,0921,0851,87885485385059.0052.00358358373

OKTA Income Statement

2023-07-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Revenue:    
Total revenue$ 556,000$ 452,000$ 1,074,000$ 867,000
Cost of revenue:    
Total cost of revenue149,000138,000291,000269,000
Gross profit407,000314,000783,000598,000
Operating expenses:    
Research and development172,000156,000335,000318,000
Sales and marketing261,000265,000517,000517,000
General and administrative119,000101,000229,000211,000
Restructuring and other charges17,000024,0000
Total operating expenses569,000522,0001,105,0001,046,000
Operating loss(162,000)(208,000)(322,000)(448,000)
Interest expense(2,000)(3,000)(5,000)(6,000)
Interest income and other, net18,0005,00035,0007,000
Gain on early extinguishment of debt42,000073,0000
Interest and other, net58,0002,000103,0001,000
Loss before provision for income taxes(104,000)(206,000)(219,000)(447,000)
Provision for income taxes7,0004,00011,0006,000
Net loss$ (111,000)$ (210,000)$ (230,000)$ (453,000)
Net loss per share, basic (in dollars per share)$ (0.68)$ (1.34)$ (1.42)$ (2.89)
Net loss per share, diluted (in dollars per share)$ (0.68)$ (1.34)$ (1.42)$ (2.89)
Weighted-average shares used to compute net loss per share, basic (in shares)162,755157,400162,051156,650
Weighted-average shares used to compute net loss per share, diluted (in shares)162,755157,400162,051156,650
Subscription    
Revenue:    
Total revenue$ 542,000$ 435,000$ 1,045,000$ 833,000
Cost of revenue:    
Total cost of revenue128,000117,000250,000228,000
Professional services and other    
Revenue:    
Total revenue14,00017,00029,00034,000
Cost of revenue:    
Total cost of revenue$ 21,000$ 21,000$ 41,000$ 41,000

OKTA Balance Sheet

2023-07-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2023
Jan. 31, 2023
Current assets:  
Cash and cash equivalents$ 356,000$ 264,000
Short-term investments1,750,0002,316,000
Accounts receivable, net of allowances of $7 and $8388,000481,000
Deferred commissions101,00092,000
Prepaid expenses and other current assets91,00076,000
Total current assets2,686,0003,229,000
Property and equipment, net49,00059,000
Operating lease right-of-use assets92,000122,000
Deferred commissions, noncurrent218,000210,000
Intangible assets, net211,000241,000
Goodwill5,406,0005,400,000
Other assets51,00046,000
Total assets8,713,0009,307,000
Current liabilities:  
Accounts payable13,00012,000
Accrued expenses and other current liabilities95,000112,000
Accrued compensation123,00099,000
Deferred revenue1,225,0001,242,000
Total current liabilities1,456,0001,465,000
Convertible senior notes, net, noncurrent1,451,0002,193,000
Operating lease liabilities, noncurrent122,000142,000
Deferred revenue, noncurrent17,00018,000
Other liabilities, noncurrent27,00023,000
Total liabilities3,073,0003,841,000
Commitments and contingencies (Note 8)
Stockholders’ equity:  
Preferred stock, par value $0.0001 per share; 100,000 shares authorized; no shares issued and outstanding as of July 31, 2023 and January 31, 202300
Additional paid-in capital8,359,0007,974,000
Accumulated other comprehensive loss(14,000)(33,000)
Accumulated deficit(2,705,000)(2,475,000)
Total stockholders’ equity5,640,0005,466,000
Total liabilities and stockholders' equity8,713,0009,307,000
Class A Common Stock  
Stockholders’ equity:  
Common stock00
Class B Common Stock  
Stockholders’ equity:  
Common stock$ 0$ 0
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.