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How to buy Okta stock (OKTA)

Buy Okta stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Okta
NASDAQ: OKTA-USD
About 8 hours ago

$71.81

-$0.5 (-0.69%)

Okta 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. Its last market close was $72.31 – a decrease of 2.73% over the previous week. Okta employs 5,938 staff and has a trailing 12-month revenue of around $2.5 billion.

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Okta stock price (NASDAQ: OKTA)

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

Okta shares at a glance

Information last updated 2024-10-05.
Latest market close$72.31
52-week range$65.04 - $114.50
50-day moving average $83.37
200-day moving average $90.94
Wall St. target price$106.68
PE ratio N/A
Dividend yield N/A
Earnings per share (TTM) $-0.81

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.

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 $72.31 from 2024-10-04

1 week (2024-10-01) -0.37%
1 month (2024-09-06) -0.19%
3 months (2024-07-08) -26.25%
6 months (2024-04-08) -28.41%
1 year (2023-10-06) -10.08%
2 years (2022-10-07) 34.61%
3 years (2021-10-08) 228.55
5 years (2019-10-08) 115.19

Is Okta stock undervalued or overvalued?

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 1.0078. 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 $2.5 billion
Gross profit TTM $1.3 billion
Return on assets TTM -1.6%
Return on equity TTM -2.31%
Profit margin -5.55%
Book value $36.11
Market Capitalization $12.3 billion

TTM: trailing 12 months

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 $65.04 up to $114.5. A popular way to gauge a stock's volatility is its "beta".

OKTA.US volatility(beta: 1.02)Avg. volatility(beta: 1.00)LowHigh

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 1.016. This would suggest that Okta's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Okta overview

Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners.

Frequently asked questions

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What percentage of Okta is owned by insiders or institutions?
Currently 0.597% of Okta shares are held by insiders and 87.073% by institutions.
How many people work for Okta?
Latest data suggests 5,938 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

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