10-May-2024
Wedbush Keeps Their Buy Rating on Okta (OKTA)
TipRanks (Fri, 10-May 8:47 AM ET)
Okta to Announce First Quarter Fiscal Year 2025 Financial Results on May 29, 2024
Business Wire (Wed, 1-May 8:00 AM ET)
Lineage Announces Appointment of New Board Member
Business Wire (Tue, 23-Apr 8:05 AM ET)
Canada's Identity Theft Worries Mount with AI Progression, Okta Survey Finds
Globe Newswire (Tue, 26-Mar 8:00 AM ET)
Okta Ventures Unveils "The Identity 25" to Honor Pioneers Shaping the Future of Digital Identity
Business Wire (Tue, 19-Mar 8:00 AM ET)
Okta Announces Availability of Fine Grained Authorization for Enhanced Security and Efficiency
Business Wire (Tue, 5-Mar 8:00 AM ET)
Globe Newswire (Fri, 1-Mar 8:45 AM ET)
Okta to Present at Upcoming Investor Conferences
Business Wire (Thu, 29-Feb 8:00 AM ET)
Okta Strengthens Go to Market Leadership with Executive Appointments
Business Wire (Wed, 28-Feb 4:05 PM ET)
Okta Announces Fourth Quarter And Fiscal Year 2024 Financial Results
Business Wire (Wed, 28-Feb 4:01 PM ET)
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Okta - Class A trades on the NASDAQ stock market under the symbol OKTA.
As of May 10, 2024, OKTA stock price declined to $97.42 with 1,182,773 million shares trading.
OKTA has a beta of 1.70, meaning it tends to be more sensitive to market movements. OKTA has a correlation of 0.17 to the broad based SPY ETF.
OKTA has a market cap of $15.37 billion. This is considered a Large Cap stock.
Last quarter Okta - Class A reported $605 million in Revenue and $.63 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.12.
In the last 3 years, OKTA stock traded as high as $276.30 and as low as $44.12.
The top ETF exchange traded funds that OKTA belongs to (by Net Assets): VTI, VO, VXF, CIBR, VUG.
OKTA stock has underperformed the market in the last year with a return of +24.5%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in OKTA shares. However, OKTA has outperformed the market in the last 3 month and 2 week periods, returning +10.9% and +5.6%, while SPY returned +4.2% and +2.5%, respectively. This indicates OKTA has been having a stronger performance recently.
OKTA support price is $96.21 and resistance is $100.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OKTA stock will trade within this expected range on the day.