Okta Inc Stock Today
| OKTA Stock | USD 76.42 0.41 0.53% |
Performance0 of 100
| Odds Of DistressLess than 10
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Okta is trading at 76.42 as of the 28th of November 2024, a 0.53 percent decrease since the beginning of the trading day. The stock's open price was 76.83. Okta has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Note, on October 8, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Okta Inc's common stock.
Business Domain Software & Services | IPO Date 7th of April 2017 | Category Technology | Classification Information Technology |
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. The company has 162.41 M outstanding shares of which 3.04 M shares are now shorted by private and institutional investors with about 1.53 trading days to cover. More on Okta Inc
Moving against Okta Stock
Okta Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO, Co-Founder, Director | Todd McKinnon | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Internet Services & Infrastructure, Software - Infrastructure, Information Technology, NASDAQ Composite, Information Technology, IT Services, Software—Infrastructure, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsOkta can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Okta's financial leverage. It provides some insight into what part of Okta's total assets is financed by creditors.
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Okta Inc (OKTA) is traded on NASDAQ Exchange in USA. It is located in 100 First Street, San Francisco, CA, United States, 94105 and employs 5,938 people. Okta is listed under Internet Services & Infrastructure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 13.05 B. Okta Inc conducts business under IT Services sector and is part of Information Technology industry. The entity has 162.41 M outstanding shares of which 3.04 M shares are now shorted by private and institutional investors with about 1.53 trading days to cover.
Okta Inc currently holds about 2.48 B in cash with 512 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.59.
Check Okta Probability Of Bankruptcy
Ownership AllocationOkta owns a total of 162.41 Million outstanding shares. The majority of Okta Inc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Okta Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Okta. Please pay attention to any change in the institutional holdings of Okta Inc as this could imply that something significant has changed or is about to change at the company. On October 8, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Okta Inc's common stock.
Check Okta Ownership Details
Okta Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-09-30 | 2.6 M | |
| Marshall Wace Asset Management Ltd | 2024-06-30 | 2.3 M | |
| Whale Rock Capital Management Llc | 2024-09-30 | 2.2 M | |
| Norges Bank | 2024-06-30 | 1.9 M | |
| Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-09-30 | 1.6 M | |
| Ubs Asset Mgmt Americas Inc | 2024-09-30 | 1.4 M | |
| Primecap Management Company | 2024-09-30 | 1.3 M | |
| D. E. Shaw & Co Lp | 2024-09-30 | 1.3 M | |
| Jericho Capital Asset Management Lp | 2024-09-30 | 1.2 M | |
| Fmr Inc | 2024-09-30 | 18.2 M | |
| Vanguard Group Inc | 2024-09-30 | 17.2 M |
Okta Historical Income Statement
Okta Stock Against Markets
Okta Corporate Management
| Monty Gray | Executive Development | Profile | |
| Susan Ledger | Pres Operations | Profile | |
| Alvina Antar | Senior Officer | Profile | |
| Dave Gennarelli | Vice Relations | Profile | |
| Kerry Ok | Chief Officer | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 14.715 | Quarterly Revenue Growth 0.162 | Return On Assets (0.02) | Return On Equity (0.02) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.