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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 2,489 staff and has a trailing 12-month revenue of around USD$703.7 million.
Since the stock market crash in March caused by coronavirus, Okta's share price has had significant positive movement.
Its last market close was USD$243.95, which is 45.24% up on its pre-crash value of USD$133.59 and 175.15% up on the lowest point reached during the March crash when the shares fell as low as USD$88.66.
If you had bought USD$1,000 worth of Okta shares at the start of February 2020, those shares would have been worth USD$915.23 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,885.73.
|Latest market close||USD$243.95|
|52-week range||USD$88.66 - USD$251.18|
|50-day moving average||USD$217.4423|
|200-day moving average||USD$194.7734|
|Wall St. target price||USD$232.78|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-1.389|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
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.
|1 week (2020-10-22)||12.65%|
|1 month (2020-09-29)||14.23%|
|3 months (2020-07-29)||15.68%|
|6 months (2020-04-29)||63.11%|
|1 year (2019-10-29)||127.01%|
|2 years (2018-10-29)||364.84%|
|3 years (2017-10-27)||773.75%|
|5 years (2015-10-25)||N/A|
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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 121.045. 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.
|Revenue TTM||USD$703.7 million|
|Gross profit TTM||USD$426.7 million|
|Return on assets TTM||-5.67%|
|Return on equity TTM||-49.52%|
|Market capitalisation||USD$29.7 billion|
TTM: trailing 12 months
There are currently 6.9 million Okta shares held short by investors – that's known as Okta's "short interest". This figure is 8.9% down from 7.6 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) is the quantity of Okta shares currently shorted divided by the average quantity of Okta shares traded daily (recently around 1.5 million). Okta's SIR currently stands at 4.52. In other words for every 100,000 Okta shares traded daily on the market, roughly 4520 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 0.0582% of the tradable shares (for every 100,000 tradable Okta shares, roughly 58 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.
We're not expecting Okta to pay a dividend over the next 12 months.
Over the last 12 months, Okta's shares have ranged in value from as little as $88.66 up to $251.18. 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 0.9608. This would suggest that Okta's shares are less volatile than average (for this exchange).
Okta, Inc. provides identity management platforms 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. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.
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