Okta Inc Stock Today

OKTA
 Stock
  

USD 51.25  1.05  2.09%   

Market Performance
0 of 100
Odds Of Distress
Less than 34
Okta Inc is trading at 51.25 as of the 30th of November 2022, a 2.09% increase since the beginning of the trading day. The stock's open price was 50.2. Okta Inc has about a 34 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Okta Inc Cl are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of October 2022 and ending today, the 30th of November 2022. Click here to learn more.
CUSIP
679295105
Fiscal Year End
January
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 148.53 M outstanding shares of which 7.24 M shares are now shorted by private and institutional investors with about 1.73 trading days to cover. More on Okta Inc Cl

Moving together with Okta Inc

+0.78CRWDCrowdstrike Holdings TrendingPairCorr

Moving against Okta Inc

-0.51AZPNAspen Technology Downward RallyPairCorr

Okta Inc Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Okta Inc's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Okta Inc or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Okta Inc Cl generated a negative expected return over the last 90 days
Okta Inc Cl has high historical volatility and very poor performance
The company reported the previous year's revenue of 1.6 B. Net Loss for the year was (915.68 M) with profit before overhead, payroll, taxes, and interest of 905.68 M.
Okta Inc Cl has a poor financial position based on the latest SEC disclosures
Over 82.0% of the company shares are owned by institutional investors
CEO, Co-Founder, DirectorTodd McKinnon
Average Analyst Recommendation
Analysts covering Okta Inc report their recommendations after researching Okta Inc's financial statements, talking to executives and customers, or listening in on Okta Inc's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Okta Inc Cl. The Okta Inc consensus assessment is calculated by taking the average forecast from all of the analysts covering Okta Inc.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Okta Inc Cl based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Okta Inc Cl financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted159.7 M148 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares159.7 M148 M
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations112.3 M104.1 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities1.3 B1.2 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities3.5 B3.3 B
Significantly Up
Increasing
Slightly volatile
Gross Margin64.7169.512
Significantly Down
Increasing
Slightly volatile
Total Debt1.1 B1.3 B
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.210.208
Slightly Up
Decreasing
Slightly volatile
Current Assets3.3 BB
Significantly Up
Increasing
Slightly volatile
Total Assets9.9 B9.2 B
Significantly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Okta Inc's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Okta Inc's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Okta Inc's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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 Inc's financial leverage. It provides some insight into what part of Okta Inc's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Okta Inc's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Okta Inc deploys its capital and how much of that capital is borrowed.
Liquidity
Okta Inc cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 2.39 B in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Okta Inc Cl has a current ratio of 2.33, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Okta Inc until it has trouble settling it off, either with new capital or with free cash flow. So, Okta Inc's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Okta Inc Cl sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Okta Inc to invest in growth at high rates of return. When we think about Okta Inc's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

112.34 Million
Okta Inc Cl (OKTA) is traded on NASDAQ Exchange in USA and employs 5,776 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 7.79 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Okta Inc's market, we take the total number of its shares issued and multiply it by Okta Inc'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 these looking for more risk prefer small-cap and mid-cap equities. Okta Inc Cl conducts business under Technology sector and is part of Software—Infrastructure industry. The entity has 148.53 M outstanding shares of which 7.24 M shares are now shorted by private and institutional investors with about 1.73 trading days to cover. Okta Inc Cl currently holds about 2.48 B in cash with 50.43 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.59.
Check Okta Inc Probability Of Bankruptcy
Ownership
Okta Inc Cl has a total of 148.53 Million outstanding shares. The majority of Okta Inc Cl 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 Cl to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Okta Inc. Please pay attention to any change in the institutional holdings of Okta Inc Cl as this could imply that something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Okta Inc Ownership Details

Okta Inc Stock Price Odds Analysis

What are Okta Inc's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Okta Inc jumping above the current price in 90 days from now is about 71.54%. The Okta Inc Cl probability density function shows the probability of Okta Inc stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2423. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Okta Inc will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Okta Inc Cl is significantly underperforming DOW.
  Odds Below 51.25HorizonTargetOdds Above 51.25
28.37%90 days
 51.25 
71.54%
Based on a normal probability distribution, the odds of Okta Inc to move above the current price in 90 days from now is about 71.54 (This Okta Inc Cl probability density function shows the probability of Okta Inc Stock to fall within a particular range of prices over 90 days) .

Okta Inc Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Okta Inc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Okta Inc's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Okta Inc's value.
InstituionSecurity TypeTotal SharesValue
Zweigdimenna Associates LlcCommon Shares31.5 K7.5 M
Zweigdimenna Associates LlcCommon Shares45.7 K11.2 M
Zurcher Kantonalbank Zurich CantonalbankDebt1.1 MM
View Okta Inc Diagnostics

Okta Inc Historical Income Statement

Okta Inc Cl Income Statement is one of the three primary financial statements used for reporting Okta Inc's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Okta Inc Cl revenue and expense. Okta Inc Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Okta Inc Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 396.4 Million. The current year Cost of Revenue is expected to grow to about 197.8 M, whereas Consolidated Income is forecasted to decline to (193 M). View More Fundamentals

Okta Inc Stock Against Markets

Picking the right benchmark for Okta Inc stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Okta Inc stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Okta Inc is critical whether you are bullish or bearish towards Okta Inc Cl at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Okta Inc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Okta Inc Corporate Directors

Okta Inc corporate directors refer to members of an Okta Inc board of directors. The board of directors generally takes responsibility for the Okta Inc's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Okta Inc's board members must vote for the resolution. The Okta Inc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Benjamin Horowitz - Independent DirectorProfile
Rebecca Saeger - Independent DirectorProfile
Robert Dixon - DirectorProfile
Frederic Kerrest - Co-Founder, COO and DirectorProfile

Invested in Okta Inc Cl?

The danger of trading Okta Inc Cl is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Okta Inc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Okta Inc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Okta Inc Cl is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running Okta Inc Cl price analysis, check to measure Okta Inc'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 Inc is operating at the current time. Most of Okta Inc's value examination focuses on studying past and present price action to predict the probability of Okta Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Okta Inc's price. Additionally, you may evaluate how the addition of Okta Inc to your portfolios can decrease your overall portfolio volatility.
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Is Okta Inc'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 Inc. If investors know Okta Inc 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 Inc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
8.3 B
Quarterly Revenue Growth YOY
0.43
Return On Assets
(0.05) 
Return On Equity
(0.16) 
The market value of Okta Inc Cl is measured differently than its book value, which is the value of Okta Inc that is recorded on the company's balance sheet. Investors also form their own opinion of Okta Inc's value that differs from its market value or its book value, called intrinsic value, which is Okta Inc'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 Inc's market value can be influenced by many factors that don't directly affect Okta Inc'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 Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta Inc'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.