Scotiabank Remains a Hold on Okta (OKTA)
TipRanks (Wed, 5-Feb 6:56 AM ET)
Cautious Outlook on Okta Amid Workforce Adjustments and Uncertain Growth Prospects
TipRanks (Wed, 5-Feb 6:46 AM ET)
Okta (OKTA) Gets a Hold from Barclays
TipRanks (Wed, 5-Feb 2:39 AM ET)
Okta (OKTA) Receives a Rating Update from a Top Analyst
TipRanks (Wed, 5-Feb 12:37 AM ET)
Okta Layoffs Affect 180 Employees As Identity Company Shifts Focus
TipRanks (Tue, 4-Feb 1:07 PM ET)
Okta’s Strategic Restructuring and Financial Confidence Justify Buy Rating
TipRanks (Tue, 4-Feb 11:45 AM ET)
Okta’s Strategic Restructuring and Financial Outlook Support Buy Rating
TipRanks (Tue, 4-Feb 9:45 AM ET)
Okta expects to reduce workforce by ~3% as part of a restructuring plan
Seeking Alpha News (Tue, 4-Feb 9:00 AM ET)
Okta to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on March 3, 2025
Business Wire (Mon, 3-Feb 8:00 AM ET)
Business Wire (Thu, 30-Jan 8:00 AM 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 February 7, 2025, OKTA stock price declined to $97.27 with 959,902 million shares trading.
OKTA has a beta of 1.30, meaning it tends to be more sensitive to market movements. OKTA has a correlation of 0.12 to the broad based SPY ETF.
OKTA has a market cap of $16.67 billion. This is considered a Large Cap stock.
Last quarter Okta - Class A reported $665 million in Revenue and $.67 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.09.
In the last 3 years, OKTA traded as high as $203.79 and as low as $44.12.
The top ETF exchange traded funds that OKTA belongs to (by Net Assets): VTI, CIBR, VO, VXF, VUG.
OKTA has underperformed the market in the last year with a return of +18.8%, while SPY returned +23.1%. 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 +27.0% and +10.4%, while SPY returned +2.0% and -1.4%, respectively. This indicates OKTA has been having a stronger performance recently.
OKTA support price is $95.24 and resistance is $99.71 (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 shares will trade within this expected range on the day.