How to buy Okta (OKTA) stock

Okta, Inc is a software-infrastructure business based in the US. Okta shares (OKTA) are listed on the NASDAQ and all prices are listed in US Dollars. Okta employs 3,056 staff and has a trailing 12-month revenue of around 0.00.

Okta stock price (NASDAQ: OKTA)

Use our graph to track the performance of OKTA stocks over time.

Okta shares at a glance

• Key figures

Information last updated 2021-07-22.

Latest market close	$213.36
52-week range	$185.05 - $294.00
50-day moving average	$236.76
200-day moving average	$246.14
Wall St. target price	$277.91
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-1.39

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Is it a good time to buy Okta stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Okta, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Okta price performance over time

Historical closes compared with the close of $213.36 from 2021-06-04

1 week (2021-07-16)	N/A
1 month (2021-06-25)	-13.31%
3 months (2021-04-27)	-24.61%
6 months (2021-01-23)	N/A

1 year (2020-07-23)	N/A
2 years (2019-07-23)	N/A
3 years (2018-07-23)	N/A
5 years (2016-07-23)	N/A

Is Okta under- or over-valued?

Valuing Okta stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Okta's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Okta's PEG ratio

Okta's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 261.45. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Okta's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Okta financials

Revenue TTM	$903.6 million
Gross profit TTM	$617.7 million
Return on assets TTM	-5.39%
Return on equity TTM	-58.02%
Profit margin	-35.18%
Book value	$5.15
Market capitalisation	$38.2 billion

TTM: trailing 12 months

Shorting Okta shares

There are currently 7.0 million Okta shares held short by investors – that's known as Okta's "short interest". This figure is 7% up from 6.5 million last month.

There are a few different ways that this level of interest in shorting Okta shares can be evaluated.

Okta's "short interest ratio" (SIR)

Okta's "short interest ratio" (SIR) is the quantity of Okta shares currently shorted divided by the average quantity of Okta shares traded daily (recently around 1.9 million). Okta's SIR currently stands at 3.68. In other words for every 100,000 Okta shares traded daily on the market, roughly 3680 shares are currently held short.

However Okta's short interest can also be evaluated against the total number of Okta shares, or, against the total number of tradable Okta shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Okta's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Okta shares in existence, roughly 50 shares are currently held short) or 0.0559% of the tradable shares (for every 100,000 tradable Okta shares, roughly 56 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Okta.

Find out more about how you can short Okta stock.

Okta share dividends

We're not expecting Okta to pay a dividend over the next 12 months.

Okta share price volatility

Over the last 12 months, Okta's shares have ranged in value from as little as $185.048 up to $294. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Okta's is 0.9687. This would suggest that Okta's shares are less volatile than average (for this exchange).

Okta overview

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 user's 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.

Frequently asked questions

What percentage of Okta is owned by insiders or institutions?
Currently 0.929% of Okta shares are held by insiders and 84.282% by institutions. How many people work for Okta?
Latest data suggests 3,056 work at Okta. When does the fiscal year end for Okta?
Okta's fiscal year ends in January. Where is Okta based?
Okta's address is: 100 First Street, San Francisco, CA, United States, 94105 What is Okta's ISIN number?
Okta's international securities identification number is: US6792951054 What is Okta's CUSIP number?
Okta's Committee on Uniform Securities Identification Procedures number is: 679295105