Okta, Inc. - (OKTA): Price and Financial Metrics


Okta, Inc. - (OKTA): $242.06

-2.01 (-0.82%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

OKTA POWR Grades


  • Sentiment is the dimension where OKTA ranks best; there it ranks ahead of 76.01% of US stocks.
  • The strongest trend for OKTA is in Growth, which has been heading down over the past 198 days.
  • OKTA's current lowest rank is in the Value metric (where it is better than 6.47% of US stocks).

OKTA Stock Summary

  • OKTA has a higher market value than 92% of US stocks; more precisely, its current market capitalization is $31,761,290,730.
  • Price to trailing twelve month operating cash flow for OKTA is currently 248.21, higher than 98.24% of US stocks with positive operating cash flow.
  • OKTA's price/sales ratio is 38.02; that's higher than the P/S ratio of 93.58% of US stocks.
  • Stocks that are quantitatively similar to OKTA, based on their financial statements, market capitalization, and price volatility, are VRSN, SIBN, OLED, DOV, and WINA.
  • Visit OKTA's SEC page to see the company's official filings. To visit the company's web site, go to www.okta.com.

OKTA Price Target

For more insight on analysts targets of OKTA, see our OKTA price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $276.35 Average Broker Recommendation 1.55 (Moderate Buy)

OKTA Stock Price Chart Interactive Chart >

Price chart for OKTA

OKTA Price/Volume Stats

Current price $242.06 52-week high $294.00
Prev. close $244.07 52-week low $159.50
Day low $240.38 Volume 1,088,200
Day high $249.38 Avg. volume 1,712,601
50-day MA $243.49 Dividend yield N/A
200-day MA $236.80 Market Cap 31.76B

Okta, Inc. - (OKTA) Company Bio


Okta, Inc. operates an integrated system that connects persons via devices. The company’s identity cloud connects various companies to pre-integrated apps and devices every day. It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle management, and universal directory products for IT customers; and complete authentication, user management, flexible administration, API access management, and developer tools for developers. The company is headquartered in San Francisco, California.

OKTA Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$242.06$8692.97 3491%

Below please find a table outlining a discounted cash flow forecast for OKTA, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Okta Inc ranked in the 95th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 3508.83% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for OKTA, they are:

  • The business' balance sheet suggests that 6% of the company's capital is sourced from debt; this is greater than just 20.91% of the free cash flow producing stocks we're observing.
  • Okta Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -2.66. This coverage rate is greater than that of only 15.72% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • As a business, Okta Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Technology), this tax rate is higher than only 0% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%3421%
1%3456%
2%3491%
3%3526%
4%3562%
5%3597%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as OKTA, try AMD, CAJ, ZS, PRSP, and IMOS.


OKTA Latest News Stream


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Latest OKTA News From Around the Web

Below are the latest news stories about Okta Inc that investors may wish to consider to help them evaluate OKTA as an investment opportunity.

Digital identity startup ForgeRock is said to prepare for IPO this year

ForgeRock, which makes identity verification software, is said to be working with banks on an IPO this year that could value the company at $3B to $4B.The company, which is based in San Francisco, is working with Morgan Stanley on an IPO, that could come as soon as Q3, according...

Seeking Alpha | May 5, 2021

Were Hedge Funds Right About Piling Into Okta, Inc. (OKTA)?

In this article we will check out the progression of hedge fund sentiment towards Okta, Inc. (NASDAQ:OKTA) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]

Yahoo | May 4, 2021

Okta Closes $6.5 Billion Auth0 Acquisition

IT identity protection specialist Okta (NASDAQ: OKTA) officially became one asset larger Monday. Okta first announced the acquisition in early March. While the purchase price is seen by some as a bit rich, Okta is paying for it entirely with Class A common stock.

Yahoo | May 4, 2021

Exclusive: Inside the 8-year, $6.5 billion courtship between Okta and Auth0

The chief executives of Okta and Auth0 open up about the $6.5 billion, all-stock acquisition deal they closed on Monday.

Fortune | May 3, 2021

3 Stocks Cathie Wood's ARK Invest Bought This Past Week

Cathie Wood and her team at Ark Invest bought Okta, Pinduoduo, and 3D Systems. How good are these picks?

Yahoo | May 3, 2021

Read More 'OKTA' Stories Here

OKTA Price Returns

1-mo 5.91%
3-mo -14.45%
6-mo 3.77%
1-year 47.21%
3-year 414.47%
5-year N/A
YTD -4.80%
2020 120.39%
2019 80.83%
2018 149.12%
2017 N/A
2016 N/A

Continue Researching OKTA

Want to see what other sources are saying about Okta Inc's financials and stock price? Try the links below:

Okta Inc (OKTA) Stock Price | Nasdaq
Okta Inc (OKTA) Stock Quote, History and News - Yahoo Finance
Okta Inc (OKTA) Stock Price and Basic Information | MarketWatch

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