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OKTA

Okta NasdaqGS:OKTA Stock Report

Last Price

US$107.22

Market Cap

US$16.9b

7D

8.8%

1Y

-55.6%

Updated

08 Aug, 2022

Data

Company Financials +
OKTA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

OKTA Stock Overview

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 Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Okta
Historical stock prices
Current Share PriceUS$107.22
52 Week HighUS$276.30
52 Week LowUS$77.01
Beta1.04
1 Month Change3.20%
3 Month Change17.09%
1 Year Change-55.58%
3 Year Change-17.84%
5 Year Change346.19%
Change since IPO356.06%

Recent News & Updates

Jul 31
Does Okta (NASDAQ:OKTA) Have A Healthy Balance Sheet?

Does Okta (NASDAQ:OKTA) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jul 20

Okta: It's Good, But Not Good Enough

Okta is a leading cloud-native cybersecurity company, specialising in identity access management. It's a founder-led business, with a substantial opportunity ahead. Yet shares are down 65% from their 52-week highs, in part because Okta itself suffered a cyber-attack in early 2022. But does the current share price represent an attractive risk / reward for investors? Investment Thesis Okta (OKTA) is a leading cloud-native cybersecurity company best known for its identity access management tools such as single sign on or multi-factor authentication. The company has grown revenues at a 50% CAGR since 2018, and is poised to take a large chunk of the market opportunity ahead of it. Yet the combination of a substantial acquisition & Okta itself falling victim to a cyber-attack has seen shares sell off ferociously over the past year. But is the market simply overreacting, and does Okta look like a good investment right now? I put it through my framework to find out. Business Overview Okta is a leading independent identity provider, with a vision to free anyone to safely use any technology, and a mission to bring simple and secure digital access to people and organisations everywhere. The company its most well-known for its SSO (single sign on) and MFA (multi-factor authentication) solutions, enabling its customers to securely connect the right people to the right technologies and services at the right time. Okta Q1'23 Investor Presentation The Okta Identity Cloud is the backbone of everything Okta does, and organisations can use it as a central system for connectivity, access, authentication, and identity lifecycle management. There are two primary ways that this cloud platform is used: Workforce Identity: used by organisations to manage and secure employees, contractors, and partners, simplifying the way that these users connect to an organisation’s applications and data from any device. It enables organisations to provide their workforces with immediate and secure access to every application they need from any devices they use, without requiring multiple credentials. Customer Identity: used by development teams to incorporate identity management, such as SSO, into customer-facing cloud, mobile, or web applications. Okta Q1'23 Investor Presentation The company has grown rapidly too, boosted by the remote working trend that we’ve seen over the past couple of years. Total customers have increased from 8,400 in Q1’21 to 15,800 in the most recent quarter, representing a ~37% CAGR; even more impressive is the growth in customers with >$100k in annual contract value, growing at a ~45% CAGR over the same period. Although, it’s worth highlighting that 1,650 total customers were added through the acquisition of Auth0 in FY22. Okta Q1'23 Investor Presentation When it comes to cybersecurity companies of any form, my general approach is to seek out the best. I don’t think cybersecurity is an area that any businesses can afford to cut back on, and so being a technological leader can prove to be a huge advantage. Taking a look at the 2021 Gartner Magic Quadrant for Access Management, I would say that Okta ticks this box – almost being named a leader twice, since the recently acquired Auth0 is also a leader. Gartner It’s not just Gartner; Okta is the clear leader in Identity-as-a-Service according to the Q3’21 Forrester Wave. Clearly, Okta dominates its niche in the cybersecurity landscape. Forrester Economic Moats With every business, I look to see if there are any durable competitive advantages (aka economic moats) that will help the company continue to thrive whilst protecting itself from competition. The first economic moat I’ll give Okta credit for is switching costs, and this is generally prevalent in most cybersecurity platforms – mainly because it’s a pain & a potential risk for any organisation to change their cybersecurity provider, given how embedded cybersecurity is in the day-to-day running of a business. Furthermore, independent research shows that Okta is the industry leader. Until a competitor starts offering a superior service or a much more attractive price (again, I don’t think businesses will skimp on cybersecurity spending), customers will not have a reason to switch from Okta. There are also switching costs related to the application integrations. Once a developer incorporates Okta’s identity management technology into a customer-facing cloud, web, or mobile application, it would be onerous to then change providers. This is demonstrated in part by Okta’s dollar-based net retention rate being consistently at 120% or above. Not only are customers staying with Okta, but they are spending more and more each year. Q1'23 Investor Presentation If I were writing this article 6 months ago, I would definitely have given Okta credit for its brand as an economic moat, driven by its technological leadership. As I said, companies will almost always want the best when it comes to cybersecurity, and Okta had built an indisputable reputation as a leader. Sadly, this took quite a whack in recent months after Okta itself was hacked by Lapsus$ in January 2022 – the brand value was hit doubly hard since Okta failed to disclose the hack until March 2022, two months later. Despite the hack not leading to any consequential breaches for Okta or its customers, a successful hack is the nightmare of any cybersecurity business. Timeline of Okta Breach (Okta) I will also give Okta a little bit of credit for its network effect. The company has a substantial number of customers to whom it can roll out new products & upsell – again, this is apparent in Okta’s dollar-based net retention rate >120%. Whilst this will not necessarily help Okta to grow customers, it does provide them with an easier sell for their new products (rather than having to go out and find new customers each time.) It also benefits from another network effect, this time because nearly all of the leading cloud application providers are Okta partners, and these cloud application providers help drive customer acquisition for Okta through co-selling arrangements, as well as by building Okta’s offerings directly into their products. Outlook Okta believes its total addressable market to be worth ~$80B, split between $50B for workforce and $30B for customer identity. To put this into perspective, Okta’s revenue over the past 12 months of $1,464m represents just under 2% of this TAM, so clearly this industry leader has a lot of room to expand within this growing opportunity. Okta Q1'23 Investor Presentation Management When it comes to fast-paced, innovative companies, I always aim to find founder-led businesses where inside ownership is high. I get two for the price of one at Okta, since there are two co-founders still involved in the business: CEO Todd McKinnon and COO Frederic Kerrest. Okta I want to invest in companies where leadership has skin-in-the-game, and there is a fairly good amount of ownership from the founders – just under 7%, whilst they also have a combined voting power of 43.5%, with CEO McKinnon having the bulk of ownership and voting power. Okta 2022 Proxy Statement / Excel I also like to take a quick look on Glassdoor to get an idea about the culture of a company, and Okta gets some OK scores from the 745 reviews left by employees. Any score over 4.0 is impressive, and Okta actually fails to achieve this in any category apart from Compensation and Benefits, where it achieves exactly 4.0. The company has particularly poor scores when it comes to Senior Management, and it has a Positive Business Outlook score of only 67%. The one bright point would be an 87% CEO Approval Rating for McKinnon, but even so, these scores are average at best. Glassdoor It's worth highlighting that the hack suffered by Okta earlier this year could be contributing to the current scores. If we look at the overall trend on Glassdoor for Okta over the past 18 months or so, it’s clear to see a dip in early 2022 – so, perhaps these scores are indicative of a company that fallen on some tough times. Glassdoor Financials Okta has seen impressive revenue growth from 2018 through to 2022, achieving a ~50% CAGR. On the surface, it would appear that the slowing revenue growth then jumped from 43% in 2021 to 56% YoY in 2022, but this has been skewed by the acquisition of Auth0 – excluding this revenue, the 2022 YoY growth would have been ~39%, which is in line with the deceleration. I say deceleration, 39% YoY growth is still rapid! Gross profit margins have also continually expanded, but again were impacted in 2022 by the acquisition – in fact, pretty much everything was, including the horrendous looking EBIT as well as the $565m in stock-based compensation. Mind you, even if you exclude the SBC related to Auth0, this is clearly a company that has historically used stock-based compensation liberally. Okta SEC Filings / Excel I also don’t love the balance sheet here, but it’s not too bad – particularly when you consider that the company remains free cash flow positive, and so it does have room to manoeuvre in more difficult times. This company may have diluted shareholders by 74% since it came public, but that has been impacted by the Auth0 acquisition in 2021, and its shares have returned 300% since IPO despite the recent pullback. Whilst the SBC is looking a little too high, it’s clear that this company has been able to still reward shareholders substantially, even once this dilution is taken into account. Data by YCharts Valuation As with all high growth, disruptive companies, valuation is tough. I believe that my approach will give me an idea about whether Okta is insanely overvalued or undervalued, but valuation is the final thing I look at - the quality of the business itself is far more important in the long run. Before I get into the valuation model, I want to highlight Okta’s targets for 2026, taken from its Q1’23 Investor Presentation. Okta Q1'23 Investor Presentation With that in mind, let’s get into the valuation model. Okta SEC Filings / Excel I have assumed revenue growth for 2023 in line with the guidance offered by management in their Q1’23 press release, and have used the 2026 targets to help with my assumptions. My model primarily allows for organic growth, and so I have Okta falling short of their $4B target because I would put money on them having to make another fairly large acquisition in order to achieve this revenue run rate. I have assumed that Okta will hit the 20% FCF target in 2026, but I have also assumed that shareholders will continue to get diluted over the upcoming 5 years – resulting in a 28% increase in shares outstanding.

Jul 11

Okta: Finally Time To Go Long

After falling more than 50% year to date, shares of Okta are finally trading at buyable levels. The company is still growing at a ~40% y/y clip organically (and 60%+ including acquisitions), despite a >$1.5 billion annual revenue run rate. Okta plays in a very large $80+ billion market where it is the clear leader in identity access management. At The best part about this 2000s-style crash in tech stocks, even though it has been painful for us who have overweighted tech in our portfolios, is that we finally now have the opportunity to buy some prior high-flying favorites at levels previously unthinkable. Though fear and caution remain the prevailing sentiments in today's stock market, I would encourage investors to adopt a long-term mindset here and buy aggressively for a multi-year timeframe. One opportunity I am eyeing is Okta (OKTA), the security company that specializes in IAM, or identity access management. A gold standard among Silicon Valley peers for single-sign on applications as well as its products that help companies map out and provision access to employees and customers within internal networks, Okta has seen a massive correction since the start of the year: down more than 50% year to date, which is a steeper loss than most SaaS peers. Data by YCharts Throughout most of the past few years, I have either been bearish or neutral on Okta, owing primarily to valuation. I have never doubted that Okta is one of the highest-quality software stocks on the market, one of the few companies that can reach a >$1.5 billion revenue scale and yet still grow at an incredibly impressive pace. Now consider this: Okta is now trading at levels not seen since 2019. The market is effectively ignoring the tremendous strides Okta has made in the three years since, and the fact that the business has more than doubled since then. I'm finally ready to be bullish on this name, and think that this is the perfect juncture to pick up this stock at the right price. Here, in my view, are the key reasons to be bullish on Okta: Despite its massive scale, Okta is still able to grow at an incredible pace. Once most companies reach a $1.5-$2.0 billion revenue scale, their growth typically slows down to the high teens or 20% range. Okta, meanwhile, is still managing to grow ~40% y/y on an organic basis. This is a reflection of both the company's strong execution plus the attractiveness of the IAM market. Huge $80 billion TAM. Okta estimates its total addressable market at $80 billion, which means its current revenue scale is only about ~2% penetrated. It's also the clear market leader here, with competitors like OneLogin and Duo Security being smaller and lesser-known entities. Recurring revenue and high net retention rates. All of Okta's business is in recurring subscriptions; in addition, the company's seat-based pricing plus its multiple modules lends itself nicely to its >120% net revenue retention rates. In short, Okta has a very stable subscription revenue base that is a powerful growth engine from within the current install base. Closing the profitability gap. Okta is guiding to single-digit pro forma operating loss margins for the current year, which is impressive for a company growing at its pace. We note that Okta is trading at its most favorable valuation ever. At current share prices near $104, Okta trades at a market cap of $16.39 billion. After we net off the $2.49 billion of cash and $2.19 billion of debt on Okta's most recent balance sheet, the company's resulting enterprise value is $16.10 billion. Okta recently just boosted its full-year guidance to $1.805-$1.815 billion, representing 39-40% y/y growth - up from a prior outlook of $1.78-$1.79 billion in revenue, or 37-38% y/y growth. Okta outlook (Okta Q1 earnings release) Against the midpoint of this revenue guidance, Okta trades at an attractive 8.9x EV/FY23 revenue multiple - compare that to the height of its boom in 2021, when it traded at greater than a >20x forward revenue multiple. While there's no question that Okta was heavily overvalued last year and needed a big correction to bring it back down to earth, the current sell-off has gone way too far in light of Okta's huge fundamental merits. The bottom line here: if you've been waiting to buy Okta, I think now is the best time to build a position for the long haul. This is a fantastic, rapidly-growing and high-margin cybersecurity stock that is racing past its peers, and today represents a historically rare opportunity to buy the stock at a reasonable price. Q1 download Let's now discuss Okta's latest quarterly results in greater detail, which were released in early June and prompted the stock to jump double-digits. The Q1 earnings summary is shown below: Okta Q1 results (Okta Q1 earnings release) Okta's revenue in the first quarter grew 65% y/y to $414.9 million, besting Wall Street's expectations of $388.7 million (+55% y/y) by a ten-point margin (though a beat of this magnitude is not exactly unusual for Okta). Revenue growth accelerated two points versus Q4's growth pace of 63% y/y. We note that Okta's acquisition of Auth0 is still contributing to a large chunk of the company's total growth rates. On an organic basis, Okta reported that revenue growth would have been 39% y/y. Note that the Auth0 acquisition will be comped by Q2. The company also reported that billings growth was 55% y/y when excluding the impact of one-time billings process improvements that boosted billings in Q1 of last year. Again, this huge billings growth rate helps to highlight that Okta's total growth may not fall so quickly below 40% y/y as the company may be suggesting. The company's net revenue retention rate of 123%, indicating a 23% average upsell, also indexes well above most other SaaS peers and shows the success of Okta's "land and expand" sales playbook.

Shareholder Returns

OKTAUS ITUS Market
7D8.8%3.0%1.1%
1Y-55.6%-28.3%-13.0%

Return vs Industry: OKTA underperformed the US IT industry which returned -28.1% over the past year.

Return vs Market: OKTA underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is OKTA's price volatile compared to industry and market?
OKTA volatility
OKTA Average Weekly Movement11.4%
IT Industry Average Movement10.0%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: OKTA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: OKTA's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20093,542Todd McKinnonhttps://www.okta.com

Okta, 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 Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options.

Okta Fundamentals Summary

How do Okta's earnings and revenue compare to its market cap?
OKTA fundamental statistics
Market CapUS$16.92b
Earnings (TTM)-US$981.89m
Revenue (TTM)US$1.46b

11.6x

P/S Ratio

-17.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OKTA income statement (TTM)
RevenueUS$1.46b
Cost of RevenueUS$459.10m
Gross ProfitUS$1.01b
Other ExpensesUS$1.99b
Earnings-US$981.89m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)-6.22
Gross Margin68.64%
Net Profit Margin-67.06%
Debt/Equity Ratio40.1%

How did OKTA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is OKTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OKTA?

Other financial metrics that can be useful for relative valuation.

OKTA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.5x
Enterprise Value/EBITDA-22.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does OKTA's PS Ratio compare to its peers?

OKTA PS Ratio vs Peers
The above table shows the PS ratio for OKTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average16x
TWLO Twilio
4.7x23.3%US$15.8b
NET Cloudflare
29.7x28.1%US$24.1b
MDB MongoDB
25.3x24.4%US$24.8b
AKAM Akamai Technologies
4.4x8.5%US$15.5b
OKTA Okta
11.6x24.9%US$16.9b

Price-To-Sales vs Peers: OKTA is good value based on its Price-To-Sales Ratio (11.6x) compared to the peer average (16x).


Price to Earnings Ratio vs Industry

How does OKTA's PE Ratio compare vs other companies in the US IT Industry?

Price-To-Sales vs Industry: OKTA is expensive based on its Price-To-Sales Ratio (11.6x) compared to the US IT industry average (2.9x)


Price to Sales Ratio vs Fair Ratio

What is OKTA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OKTA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.6x
Fair PS Ratio13x

Price-To-Sales vs Fair Ratio: OKTA is good value based on its Price-To-Sales Ratio (11.6x) compared to the estimated Fair Price-To-Sales Ratio (13x).


Share Price vs Fair Value

What is the Fair Price of OKTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OKTA ($107.22) is trading below our estimate of fair value ($562.51)

Significantly Below Fair Value: OKTA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Okta forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OKTA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: OKTA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: OKTA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: OKTA's revenue (24.9% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: OKTA's revenue (24.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OKTA is forecast to be unprofitable in 3 years.


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Past Performance

How has Okta performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OKTA is currently unprofitable.

Growing Profit Margin: OKTA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OKTA is unprofitable, and losses have increased over the past 5 years at a rate of 48.7% per year.

Accelerating Growth: Unable to compare OKTA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OKTA is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (19.8%).


Return on Equity

High ROE: OKTA has a negative Return on Equity (-17.94%), as it is currently unprofitable.


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Financial Health

How is Okta's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OKTA's short term assets ($2.9B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: OKTA's short term assets ($2.9B) exceed its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: OKTA has more cash than its total debt.

Reducing Debt: Insufficient data to determine if OKTA's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable OKTA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OKTA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 64.2% per year.


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Dividend

What is Okta current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate OKTA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OKTA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OKTA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OKTA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OKTA has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Todd McKinnon (50 yo)

14.58yrs

Tenure

US$31,820,477

Compensation

Mr. Todd McKinnon serves as Chief Executive Officer of Okta at Auth0, Inc. since 2021. He co-founded Okta, Inc. in 2008 and has been its Chief Executive Officer since January 2009. From October 2003 to Feb...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD31.82M) is above average for companies of similar size in the US market ($USD12.96M).

Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: OKTA's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: OKTA's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.


Top Shareholders

Company Information

Okta, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Okta, Inc.
  • Ticker: OKTA
  • Exchange: NasdaqGS
  • Founded: 2009
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Implied Market Cap: US$16.917b
  • Shares outstanding: 157.78m
  • Website: https://www.okta.com

Number of Employees


Location

  • Okta, Inc.
  • 100 First Street
  • Suite 600
  • San Francisco
  • California
  • 94105
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.