Okta Stock Analysis


USD 64.42  0.60  0.94%   

The modest gains experienced by current holders of Okta may encourage investors to take a closer look at the company as it is trading at a share price of 64.42 on 2,771,457 in trading volume. The company directors and management have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in November. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.08. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Okta partners.
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The Okta stock analysis report makes it easy to digest most publicly released information about Okta and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Okta Stock analysis module also helps to analyze the Okta price relationship with some important fundamental indicators such as market cap and management efficiency.

Okta Stock Analysis Notes

About 81.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.83. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Okta Inc recorded a loss per share of 6.37. The entity had not issued any dividends in recent years. 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. Okta Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 5776 people. To find out more about Okta Inc contact Todd McKinnon at 888 722 7871 or learn more at https://www.okta.com.

Okta Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Okta's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Okta Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Okta Inc has very high historical volatility over the last 90 days
The company reported the previous year's revenue of 1.3 B. Net Loss for the year was (848.41 M) with profit before overhead, payroll, taxes, and interest of 905.68 M.
Okta Inc has a poor financial position based on the latest SEC disclosures
Over 81.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Why Amazon, Okta, and Roku Stocks All Slumped Monday - Nasdaq

Okta Inc Upcoming and Recent Events

Earnings reports are used by Okta to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Okta previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report2nd of March 2022
Next Financial Report25th of May 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End2nd of March 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

Okta Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Okta is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Okta Inc backward and forwards among themselves. Okta's institutional investor refers to the entity that pools money to purchase Okta's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares31.5 K7.5 M
Zweigdimenna Associates LlcCommon Shares45.7 K11.2 M
Zweigdimenna Associates LlcCommon Shares19.7 KM
Zweigdimenna Associates LlcCommon Shares24.3 K5.2 M
Zweigdimenna Associates LlcCommon Shares24.3 K4.9 M
Zweigdimenna Associates LlcCommon Shares139.4 K17 M
Zweigdimenna Associates LlcCommon Shares127.9 K14.8 M
Zurcher Kantonalbank Zurich CantonalbankDebt970 K791 K
Note, although Okta's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Okta Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 10.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Okta's market, we take the total number of its shares issued and multiply it by Okta's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Okta Profitablity

Okta's profitability indicators refer to fundamental financial ratios that showcase Okta's ability to generate income relative to its revenue or operating costs. If, let's say, Okta is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Okta's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Okta's profitability requires more research than a typical breakdown of Okta's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.52) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.46) %, which suggests for every $100 dollars of sales, it generated a net operating loss of 0.0.
Last ReportedProjected for 2022
Return on Investment(15.02) (16.21) 
Return on Average Assets(13.57) (14.64) 
Return on Average Equity(25.65) (27.67) 
Return on Invested Capital(0.20) (0.22) 
Return on Sales(0.36) (0.39) 

Management Efficiency

The entity has return on total asset (ROA) of (0.0556) % which means that it has lost $0.0556 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (0.1586) %, meaning that it created substantial loss on money invested by shareholders. Okta management efficiency ratios could be used to measure how well okta inc manages its routine affairs as well as how well it operates its assets and liabilities. As of December 10, 2022, Return on Investment is expected to decline to -16.21. In addition to that, Return on Average Assets is expected to decline to -14.64. Okta Total Assets are projected to increase significantly based on the last few years of reporting. The past year's Total Assets were at 9.21 Billion. The current year Current Assets is expected to grow to about 3.3 B, whereas Revenue to Assets are forecasted to decline to 0.14.
Last ReportedProjected for 2022
Book Value per Share 3.98  4.29 
Enterprise Value over EBIT(75.60) (81.57) 
Enterprise Value over EBITDA(83.36) (89.94) 
Price to Book Value 44.03  40.43 
Tangible Assets Book Value per Share 18.39  14.74 
Enterprise Value17.9 B14.7 B
Tangible Asset Value2.2 B2.3 B

Technical Drivers

As of the 10th of December, Okta holds the Risk Adjusted Performance of 0.0605, semi deviation of 3.59, and Coefficient Of Variation of 2781.08. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Okta, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Okta Inc, which can be compared to its competitors. Please check Okta Inc information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Okta Inc is priced some-what accurately, providing market reflects its current price of 64.42 per share. Given that Okta has jensen alpha of 0.0856, we recommend you to check out Okta Inc's recent market performance to make sure the company can sustain itself at a future point.

Okta Inc Price Movement Analysis

The output start index for this execution was two with a total number of output elements of fifty-nine. The Kaufman Adaptive Moving Average allows the user to define Okta Inc range across which they want the smoothing.

Okta Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Okta insiders, such as employees or executives, is commonly permitted as long as it does not rely on Okta's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Okta insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Okta Predictive Daily Indicators

Okta intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Okta stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Okta Forecast Models

Okta time-series forecasting models is one of many Okta's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Okta's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Okta Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Okta prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Okta shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Okta. By using and applying Okta Stock analysis, traders can create a robust methodology for identifying Okta entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin(59.00) (63.66) 
EBITDA Margin(58.08) (62.67) 
Gross Margin 69.51  64.71 
Profit Margin(65.25) (70.40) 

Current Okta Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Okta analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Okta analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
Okta Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Okta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Okta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Okta Inc, talking to its executives and customers, or listening to Okta conference calls.
Okta Analyst Advice Details

Okta Stock Analysis Indicators

Okta Inc stock analysis indicators help investors evaluate how Okta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Okta shares will generate the highest return on investment. By understating and applying Okta stock analysis, traders can identify Okta position entry and exit signals to maximize returns.
Begin Period Cash Flow448630000.00
Logo U R LimglogosUSOKTA.png
Common Stock Shares Outstanding153756000.00
Total Stockholder Equity5921856000.00
DescriptionOkta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity C
Total Cashflows From Investing Activities-366812000.00
Tax Provision-1285000.00
Property Plant And Equipment Net213428000.00
Retained Earnings-1815867000.00
Cash And Short Term Investments2501791000.00
Retained Earnings Total Equity-1815867000.00
Accounts Payable20203000.00
Net Debt1768905000.00
50 Day M A53.8204
Total Current Liabilities1242806000.00
Currency CodeUSD
Other Operating Expenses2067304000.00
Non Current Assets Total6165062000.00
Forward Price Earnings243.9024
Common Stock Total Equity16000.00
Non Currrent Assets Other233323000.00
Please check Your Equity Center. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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When running Okta Inc price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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Is Okta's industry 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.
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 Okta value 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.