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Okta (NASDAQ:OKTA)
Stock Analysis

OKTA84.34
▲ 0.18%0.15

Stock Analysis

The following stock analysis is based on 6 years of data (i.e. since Apr 07, 2017). All the stock history has been downloaded.

Stock Exchange

Okta trades on the NasdaqGS exchange in USD dollars.

Sector

It is in the technology sector.

Current Status of Okta

It is currently trading at $84.34 ($84.19 the previous day).

Financials

The next reporting date is in 63 days (2023 06 02).

CNN estimates profits for the upcoming quarter will be $0.12 per share ($511.0M). The current Canada / US exchange rate is 1.3524.



Over the past 12 months, $0 worth of shares have been purchased and $6389893 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 15.6% per year assuming steady exponential growth. The actual 5 year average is 47.98. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year83.569811801242-63.8- Below Average
2 year230.838391237117.4- Below Average
3 year214.8568765517278.6+ Above Average
4 year120.3139594736893.6+ Above Average
5 year62.152099236641124.1+ Above Average
Okta is projected by analysts to get to $94.50 within the next 12 months (12%), but preticted targets range from as high as $120.00 (42.3%) and as low as $64(-24.1%).

Risk

The worst drop it has had in recent years is -84.7%. It has a few bumps shape to the stock curve, which means the stock generally continues on a consistent trend and does not have to be checked often, but can have some variation during periods of volitility.

Stock shape test

DAYS AG0PRICE
1081.81RISING
3072.17RISING
6069.76RISING
15058.31RISING
365169.41DROPPING
800257.165DROPPING
1200119.61RISING
160056.1RISING
200027.65RISING


With an average increase of 15.6% year over year, if Okta is bought at the worst time, Stockmarketizer analysts estimate it will take 65.2 months before the stock will recover to the original purchase price.

Tradingview BuySell Widget

Yahoo News Feed

Okta (OKTA) Just Flashed Golden Cross Signal: Do You Buy?

Thu, 30 Mar 2023 13:35:01 Should investors be excited or worried when a stock crosses above the 20-day simple moving average?... Read Full Article

OKTA Solution Receives High Authorization From FedRAMP

Wed, 29 Mar 2023 15:38:03 OKTA announces that its Okta for Government High solution achieved high authorization from U.S. FedRAMP.... Read Full Article

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Okta for Government High Achieves FedRAMPⓇ High Authorization

Tue, 28 Mar 2023 13:00:00 SAN FRANCISCO, March 28, 2023--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that Okta for Government High has earned its U.S. Federal Risk and Authorization Management Program (FedRAMP) High Authorization. Okta for Government High is the secure ...... Read Full Article

Fed Says Rate Hike Nearing End: 5 Tech Stocks to Buy on the Dip

Fri, 24 Mar 2023 13:13:01 We have narrowed our search to five U.S.-based technology stocks with attractive valuations. These are: ABNB, OKTA, SPLK, MDB and ZS.... Read Full Article

Is Okta (OKTA) Stock Outpacing Its Computer and Technology Peers This Year?

Thu, 23 Mar 2023 13:40:01 Here is how Okta (OKTA) and CTS (CTS) have performed compared to their sector so far this year.... Read Full Article

Companies looking ‘beyond obvious use cases’ for AI will have the advantage: Okta CEO

Fri, 17 Mar 2023 20:57:14 Okta CEO Todd McKinnon sits down with Yahoo Finance’s Brian Sozzi to discuss the company's model of recurring subscriptions, macroeconomic uncertainty, its short- and long-term growth plans, succeeding in the tech industry amid the banking crisis, AI and ChatGPT, ...... Read Full Article

Better Buy: Zoom vs. Okta

Fri, 17 Mar 2023 14:23:00 Shares of Zoom Video Communications (NASDAQ: ZM) and Okta (NASDAQ: OKTA) have both underperformed the market in the past year, but for very different reasons. Zoom is struggling to boost sales following the pandemic spike, yet remains highly profitable. Okta, ...... Read Full Article

3 Powerhouse Stocks to Buy Now That Are Ready for Bull Runs

Fri, 17 Mar 2023 14:00:00 Buying these high-quality stocks in the current bear market could prove to be an amazing deal in the long run.... Read Full Article

Oracle (ORCL) Partners With Hibbett to Improve User Experience

Wed, 15 Mar 2023 16:45:04 Oracle (ORCL) is going to be drafted by Hibbett to make its in-store experience better and deliver more customized interactions.... Read Full Article

Meta cuts more jobs in latest tech layoffs

Tue, 14 Mar 2023 18:51:00 “With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Meta Chief Executive Mark Zuckerberg wrote in a blog post on March 14. Zuckerberg added: “Overall, we expect to reduce our team size ...... Read Full Article

Top 10 Growth Stocks in Cybersecurity

Mon, 13 Mar 2023 13:19:10 In this article, we will be taking a look at the top 10 growth stocks in cybersecurity. To skip our detailed analysis of the cybersecurity sector, you can go directly to see the Top 5 Growth Stocks in Cybersecurity. We’ve reported ...... Read Full Article

2 Growth Stocks That Billionaires Are Buying Hand Over Fist in a Nasdaq Bear Market

Mon, 13 Mar 2023 11:00:00 Wealthy hedge fund managers have been scooping up shares of these Nasdaq growth stocks throughout the bear market.... Read Full Article

A Bull Market Is Coming: 5 Supercharged Growth Stocks I Just Bought and Plan to Hold Forever

Sun, 12 Mar 2023 09:13:00 The short term remains riddled with doubt, but this eclectic group of market leaders deserves a look.... Read Full Article

What Investors Are Learning From Retail and Software Companies

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What every Zscaler investor needs to know about the stock

Sat, 11 Mar 2023 10:27:00 We often talk about movers, how companies are performing in the stock market, but we don’t always know what these companies do. And more importantly, what do investors need to know? We go behind the ticker: Zscaler (ZS) is ...... Read Full Article

Okta Stock Has Been on a Tear. Why There’s Still Time to Buy.

Fri, 10 Mar 2023 16:58:00 Okta stock has sprinted higher since its earnings report. On March 1, Okta (ticker: OKTA), whose software helps companies securely manage access by employees, reported adjusted fourth-quarter earnings of 30 cents a share, beating analyst forecasts for nine cents a share. Okta ...... Read Full Article

The 7 Best Tech Stocks to Buy in March

Thu, 09 Mar 2023 20:24:59 The tech sphere was among the worst hit last year for obvious reasons. The sector, known for having inflated valuations and low earnings, led to tech stocks cooling off. However, tech stocks have been building a nice head of steam ...... Read Full Article

Why Okta (OKTA) Might be Well Poised for a Surge

Wed, 08 Mar 2023 17:20:05 Okta (OKTA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.... Read Full Article

30 Biggest SaaS Companies in the World in 2023

Wed, 08 Mar 2023 16:48:42 In this piece, we will take a look at the 30 biggest SaaS companies in the world. For more companies, head on over to 10 Biggest SaaS Companies in the World. The software as a service (SaaS) industry is one of the ...... Read Full Article
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