OKTA Stock Summary and Trading Ideas (Okta - Class A | NASDAQ:OKTA)

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 April 17, 2025, OKTA stock price declined to $97.93 with 1,754,484 million shares trading.

OKTA has a beta of 1.17, meaning it tends to be more sensitive to market movements. OKTA has a correlation of 0.18 to the broad based SPY ETF.

OKTA has a market cap of $16.78 billion. This is considered a Large Cap stock.

Last quarter Okta - Class A reported $682 million in Revenue and $.78 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.04.

In the last 3 years, OKTA traded as high as $150.81 and as low as $44.12.

The top ETF exchange traded funds that OKTA belongs to (by Net Assets): VTI, VO, CIBR, VXF, VUG.

OKTA has underperformed the market in the last year with a price return of +4.4% while the SPY ETF gained +6.6%. However, in the short term, OKTA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.2% vs -11.6% return in SPY. But in the last 2 weeks, OKTA shares have been beat by the market, returning -2.3% compared to an SPY return of -1.9%.

OKTA support price is $96.58 and resistance is $103.36 (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.