Okta, Inc. provides identity management platforms for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.
Adequate balance sheet with limited growth.
Share Price & News
How has Okta's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OKTA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OKTA exceeded the US IT industry which returned 18.7% over the past year.
Return vs Market: OKTA exceeded the US Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is Okta's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Okta (NASDAQ:OKTA) Weighed On By Its Debt Load?
1 month ago | Simply Wall StHow Much Of Okta, Inc. (NASDAQ:OKTA) Do Insiders Own?
1 month ago | Simply Wall StIs It Too Late To Consider Buying Okta, Inc. (NASDAQ:OKTA)?
Is Okta undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: OKTA ($195.58) is trading above our estimate of fair value ($76.8)
Significantly Below Fair Value: OKTA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OKTA is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: OKTA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OKTA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OKTA is overvalued based on its PB Ratio (59x) compared to the US IT industry average (3.4x).
How is Okta forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
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 (22.9% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: OKTA's revenue (22.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OKTA's Return on Equity is forecast to be low in 3 years time (7%).
How has Okta performed over the past 5 years?
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 -26.5% 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 (15.4%).
Return on Equity
High ROE: OKTA has a negative Return on Equity (-51.95%), as it is currently unprofitable.
How is Okta's financial position?
Financial Position Analysis
Short Term Liabilities: OKTA's short term assets ($1.6B) exceed its short term liabilities ($570.4M).
Long Term Liabilities: OKTA's short term assets ($1.6B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: OKTA's debt to equity ratio (229.5%) is considered high.
Reducing Debt: OKTA's debt to equity ratio has increased from 0.4% to 229.5% over the past 5 years.
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 56.3% per year.
What is Okta's current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OKTA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Todd McKinnon (47yo)
Mr. Todd McKinnon co-founded Okta, Inc. in 2008 and has been its Chief Executive Officer since January 2009. From October 2003 to February 2009, Mr. McKinnon served in various roles at salesforce.com, inc. ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD9.03M) is about average for companies of similar size in the US market ($USD11.65M).
Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||6.83yrs||US$3.95m||0.41% $99.1m|
|General Counsel & Secretary||5.33yrs||US$2.92m||0.038% $9.3m|
|President of Worldwide Field Operations||3.58yrs||US$3.58m||0.012% $3.0m|
|Chief Accounting Officer||0.58yr||no data||0.0050% $1.2m|
|President of Technology||no data||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|Chief Marketing Officer||no data||no data||no data|
|Senior Vice President of Corporate Development||2.17yrs||no data||no data|
Experienced Management: OKTA's management team is seasoned and experienced (5.3 years average tenure).
|Independent Non-Employee Director||4.58yrs||US$250.78k||0.013% $3.1m|
|Lead Independent Director||no data||US$250.23k||0.82% $199.7m|
|Independent Director||1.42yrs||US$238.82k||0.0014% $338.8k|
|Independent Non-Employee Director||3.42yrs||US$249.23k||0.013% $3.1m|
|Independent Non-Employee Director||4.58yrs||US$247.09k||0.15% $36.3m|
|Independent Director||1.33yrs||US$240.12k||0.0012% $294.9k|
|Independent Non-Employee Director||6yrs||US$241.23k||0.084% $20.6m|
|Independent Director||0.83yr||US$375.36k||no data|
Experienced Board: OKTA's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OKTA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.2%.
Okta, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Okta, Inc.
- Ticker: OKTA
- Exchange: NasdaqGS
- Founded: 2009
- Industry: Internet Services and Infrastructure
- Sector: Software
- Market Cap: US$24.371b
- Shares outstanding: 124.61m
- Website: https://www.okta.com
Number of Employees
- Okta, Inc.
- 100 First Street
- Suite 600
- San Francisco
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OKTA||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Apr 2017|
|0OK||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Apr 2017|
|0KB7||LSE (London Stock Exchange)||Yes||Class A Common Stock||GB||USD||Apr 2017|
|OKTA *||BMV (Bolsa Mexicana de Valores)||Yes||Class A Common Stock||MX||MXN||Apr 2017|
Okta, Inc. provides identity management platforms 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 to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; and Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials. It also provides Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Advanced Server Access to secure cloud infrastructure; and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications. In addition, the company offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 09:19|
|End of Day Share Price||2020/05/29 00:00|
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.