Okta, Inc. provides identity management platform 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 incorporated in 2009 and is headquartered in San Francisco, California.
IPO Year: 2017
Exchange: NASDAQ
Website: okta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2025 | $127.00 | Equal-Weight | Stephens |
| 3/31/2025 | $130.00 | Overweight | Cantor Fitzgerald |
| 3/18/2025 | Overweight | Morgan Stanley | |
| 3/10/2025 | $105.00 → $130.00 | Market Perform | BMO Capital Markets |
| 3/4/2025 | $90.00 → $125.00 | Neutral → Buy | DA Davidson |
| 3/4/2025 | $110.00 → $127.00 | Neutral → Outperform | Mizuho |
| 1/17/2025 | $95.00 → $100.00 | Neutral | Citigroup |
| 12/19/2024 | $115.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 12/16/2024 | $100.00 | Neutral → Overweight | Analyst |
| 12/5/2024 | $123.00 → $129.00 | Mkt Perform → Outperform | Bernstein |
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced new Okta Platform capabilities to help businesses secure AI agents and other non-human identities with the same level of visibility, control, governance, and automation as human ones. The Okta Platform will now bring a unified, end-to-end identity security fabric to organizations for managing and securing all types of identities across their ecosystem, from AI agents to API keys to employees. Why it Matters: The number of non-human identities is set to grow exponentially, with Deloitte1 forecasting that by 2027, half of all companies using GenAI will also adopt agents in some capacity. Some companies have
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced the availability of Auth for GenAI in Developer Preview, as part of the Auth0 Platform, a suite of features that enable developers to integrate secure identity into GenAI applications, helping ensure AI agents have built-in authentication, fine-grained authorization, async workflows, and secure API access. Through other new capabilities, developers can better meet enterprise app requirements and deliver seamless experiences that address the expectations of today's end users. Why it Matters: As LLMs become increasingly commoditized, with more widely available, cost-effective models and open-source AI frame
Okta, a leading identity and access management company, today announced the 2nd annual Okta Startup Challenge. The challenge invites early stage startups, incorporated in the US, that are building applications using identity, privacy, and security enabled workflows to showcase their innovations. Startups in the Okta Startup Challenge will be evaluated on business potential, innovation, and the utilization of identity enabled workflows in their product. Three finalists will pitch to a live audience at Oktane25 which takes place from September 24-26, 2025 in Las Vegas. The winner of the challenge may receive up to a $500,000 investment from Okta and access to a global network of identity man
Okta Ventures, the venture investment arm of Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, proudly introduces "The Identity 25," an initiative that shines a spotlight on the trailblazers in the burgeoning field of digital identity. This 2nd annual report is a testament to the collective efforts of innovators who are tirelessly working towards building simpler, more secure, and scalable identity-centric technologies. In a world where every digital experience, from website logins to e-commerce transactions to voting, is rooted in identity management, "The Identity 25" aims to recognize and elevate emerging leaders who are enhancing identity, security, and privacy for bu
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that members of its management team are scheduled to participate in upcoming investor conferences. Details for each event are as follows: Morgan Stanley 2025 Technology, Media & Telecom Conference Presenter: Brett Tighe, CFO Wednesday, March 5, 2025 at 11:30 a.m. Pacific time (2:30 p.m. Eastern time) KeyBanc 2025 Technology Conference Presenter: Eric Kelleher, President & COO Wednesday, March 5, 2025 at 2:30 p.m. Pacific time (5:30 p.m. Eastern time) The presentations will be webcast live on the investor relations section of Okta's website at investor.okta.com. Replays of the presentation will be ava
Independent Identity Leader Collaborates with AWS to Accelerate Global Adoption and Fuel AI Innovation Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, has achieved a significant milestone of reaching $1 billion in aggregate sales over the past four years in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). "When Okta set out to redefine Identity in the cloud, we turned to AWS to build the foundation—and the results have been game-changing," said Todd McKinnon, CEO and Co-Founder of Okta. "Reaching $1 billion in AWS M
Kelleher to help drive Okta's growth through operational excellence in new role; Eugenio Pace to retire from role as President, Business Operations Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced the appointment of Eric Kelleher as President and Chief Operating Officer (COO). In this new role, Kelleher will continue to report to CEO and co-founder Todd McKinnon. He will now oversee Okta's Marketing, Customer First, Company Operations, GTM Strategy & Operations, Business Technology, Data & Insights, Communications, and Okta for Good teams. In addition, Eugenio Pace, Okta's President, Business Operations, has decided to retire at the end of March 2025 a
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it will release its financial results for its fourth quarter and fiscal year 2025 ended January 31, 2025 after the U.S. market close on Monday, March 3, 2025. Okta will host a live video webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Okta's Fourth Quarter and Fiscal Year 2025 Financial Results Date: Monday, March 3, 2025 Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time) Webcast: investor.okta.com A webcast replay will be accessible from the Okta investor relations website at investor.okta.com. The press release will be accessible from the Okta
McLaren Racing and Okta to identify new ways to secure and improve the digital experience for over 500 million fans, partners, and employees around the world Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced a multi-year partnership with the McLaren Formula 1 Team, one of the most iconic brands in motorsport and the 2024 Formula 1 Constructors' Champion. As an Official Partner for the 2025 season and beyond, Okta will work with McLaren Racing to explore new ways to protect and improve how McLaren Racing's fans, partners, and employees access their apps and platforms. This press release features multimedia. View the full release here: https://www.business
Okta was recognized for its ability to execute and completeness of vision Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year. A complimentary version of the full report can be found here. Gartner defines access management (AM) as tools that include authentication and single sign-on (SSO) capabilities, and that establish, manage and enforce runtime access controls for modern standards-based and classic web applications and APIs. The report evaluated 10 vendors on 15 criteria and placed Okta in the Leaders Quadrant. "The stakes
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Stephens initiated coverage of Okta with a rating of Equal-Weight and set a new price target of $127.00
Cantor Fitzgerald initiated coverage of Okta with a rating of Overweight and set a new price target of $130.00
Morgan Stanley resumed coverage of Okta with a rating of Overweight
BMO Capital Markets reiterated coverage of Okta with a rating of Market Perform and set a new price target of $130.00 from $105.00 previously
DA Davidson upgraded Okta from Neutral to Buy and set a new price target of $125.00 from $90.00 previously
Mizuho upgraded Okta from Neutral to Outperform and set a new price target of $127.00 from $110.00 previously
Citigroup reiterated coverage of Okta with a rating of Neutral and set a new price target of $100.00 from $95.00 previously
KeyBanc Capital Markets upgraded Okta from Sector Weight to Overweight and set a new price target of $115.00
Analyst upgraded Okta from Neutral to Overweight and set a new price target of $100.00
Bernstein upgraded Okta from Mkt Perform to Outperform and set a new price target of $129.00 from $123.00 previously
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Announces Date of Third Quarter Fiscal Year 2023 Financial Results Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced that it will webcast the Opening Keynote of Oktane22 and Investor Day on November 9, 2022. The company also announced today that it will release its financial results for its third quarter fiscal year 2023 ended October 31, 2022 after the U.S. market close on Wednesday, November 30, 2022. Each presentation will be webcast live on the investor relations section of Okta's website at investor.okta.com. Details for each event are as follows: Event: Oktane22 Opening Keynote Date: Wednesday, November 9, 2022 Time: 9:00 a.m. Pacific time (12:00 p
Q4 revenue grew 63% year-over-year; subscription revenue grew 64% year-over-year Fiscal year 2022 revenue totaled $1.30 billion and grew 56% year-over-year; subscription revenue grew 57% year-over-year Remaining performance obligations (RPO) grew 50% year-over-year to $2.69 billion; current remaining performance obligations (cRPO) grew 60% year-over-year to $1.35 billion Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced financial results for its fourth quarter and fiscal year ended January 31, 2022. "Identity management is at the forefront of today's rapidly evolving security environment," said Todd McKinnon, Chief Executive Officer and co-founder
Q3 revenue grew 61% year-over-year; subscription revenue grew 63% year-over-year Remaining performance obligations (RPO) grew 49% year-over-year to $2.35 billion Increases revenue and operating profit outlook for fiscal 2022 Okta and Okta (Auth0) Both Named as Leaders in 2021 Gartner® Magic Quadrant™ for Access Management; Okta positioned highest in Ability to Execute Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced financial results for its third quarter ended October 31, 2021. "Our strong third quarter results reflect the continued shift to Identity-First architectures and the critical adoption of Zero Trust security environments, which are bo
Q2 revenue grew 57% year-over-year; subscription revenue grew 59% year-over-year Remaining performance obligations (RPO) grew 57% year-over-year to $2.24 billion Increases revenue and operating profit outlook for fiscal 2022 Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced financial results for its second quarter ended July 31, 2021. "In our first quarter as a combined company with Auth0, we're off to a fantastic start," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "Execution remained sharp with strong demand for Okta's workforce and customer identity solutions, as well as Auth0's developer-centric identity solutions. As o
NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 21, 2020. The following six companies will be added to the Index: American Electric Power Company, Inc. (Nasdaq: AEP), Marvell Technology Group Ltd. (Nasdaq: MRVL), Match Group, Inc. (Nasdaq: MTCH), Okta, Inc. (Nasdaq: OKTA), Peloton Interactive, Inc. (Nasdaq: PTON), Atlassian Corporation Plc (Nasdaq: TEAM). The Nasdaq-100 Index is composed of the 100 largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launc
Kelleher to help drive Okta's growth through operational excellence in new role; Eugenio Pace to retire from role as President, Business Operations Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced the appointment of Eric Kelleher as President and Chief Operating Officer (COO). In this new role, Kelleher will continue to report to CEO and co-founder Todd McKinnon. He will now oversee Okta's Marketing, Customer First, Company Operations, GTM Strategy & Operations, Business Technology, Data & Insights, Communications, and Okta for Good teams. In addition, Eugenio Pace, Okta's President, Business Operations, has decided to retire at the end of March 2025 a
Okta, a leading identity and access management company, today announced the three finalists for its inaugural Okta SaaS Startup Competition. These finalists, selected for their innovative use of identity-enabled workflows, will pitch their solutions live at Oktane24, taking place in Las Vegas from October 15-17, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241007945016/en/ The finalists and a video highlighting their innovative solutions are shown below: Block Party (Video link) https://share.vidyard.com/watch/rc1HyzUG3WCeaQMU47RwQB RunReveal (Video link) https://share.vidyard.com/watch/9hGWaWchrsCxDj75wzKyD1 Validia (
PALO ALTO, Calif., July 18, 2024 /PRNewswire/ -- HiHello, the world's first software platform for digital brand and identity, is thrilled to announce the addition of Shana Simmons and Eugenio Pace to its Board of Directors. Their appointments bring unparalleled expertise and strategic vision to HiHello as the company continues its mission to revolutionize professional networking with an enterprise-ready platform for modern digital business cards. Shana Simmons, who recently joined Zendesk as Chief Legal Officer, brings over 15 years of experience in legal leadership and corporate governance. Prior to Zendesk, Shana served as Chief Legal Officer at Everlaw, a cloud-based e-discovery software
Shellye Archambeau brings over 30 years of expertise in technology leadership to the Lineage Board of Directors Lineage, Inc. ("Lineage"), the world's largest global temperature-controlled warehouse REIT and integrated solutions provider, today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage's operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423547241/en/Lineage today announced the appointment
Jon Addison and Kerry Ok solidify Okta's go-to-market leadership team Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced two new executive appointments. Jon Addison has been named Okta's Chief Revenue Officer (CRO), and Kerry Ok has been named Okta's Chief Marketing Officer (CMO). Jon will report to Okta's CEO and co-founder, Todd McKinnon, and Kerry will report to Okta's Chief Customer Officer, Eric Kelleher. Jon was named Interim CRO in February 2023, while continuing to serve as General Manager of EMEA, a role he held since joining Okta two years ago. As CRO, he will lead the team responsible for helping customers solve their identity challenges using
Q3 revenue grew 37% year-over-year; subscription revenue grew 38% year-over-year Remaining performance obligations (RPO) grew 21% year-over-year to $2.85 billion; current remaining performance obligations (cRPO) grew 34% year-over-year to $1.58 billion Announces retirement of Susan St. Ledger, President, Worldwide Field Operations Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced financial results for its third quarter ended October 31, 2022. "We're pleased with our third quarter results and the early traction of our refined go-to-market strategy as identity continues to be a long-term, strategic investment for our customers," said Todd McKinnon, C
Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced the appointment of Shibu Ninan as Chief Accounting Officer effective August 15, 2022. "With over 25 years of experience and a demonstrated track record of leading global finance teams in North America, Asia, and Europe, Shibu will be a great addition to our leadership team in his new role," said Brett Tighe, Chief Financial Officer of Okta. "I also want to thank Chris Kramer who has served as our Chief Accounting Officer for the past three years and is joining our FP&A team going forward." Prior to joining Okta, Ninan served as Vice President, Chief Accounting Officer at Veritas Technologies for the past
Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced that Brett Tighe, Okta's interim Chief Financial Officer, has been appointed to the role of Chief Financial Officer, effective immediately. "Brett has been a key member of the finance organization since joining Okta nearly seven years ago, and a great partner to me and the executive team," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "Since stepping into the interim CFO role last year, he has been instrumental in driving us towards achieving our financial and operational goals. We look forward to Brett's continued success and leadership at Okta in the years to come." Before becoming
DENVER, Oct. 27, 2021 /PRNewswire/ -- Pie Insurance ("Pie"), a leading tech-enabled provider of workers' compensation insurance to small businesses, announced today that Kristina Johnson, an accomplished global human resources (HR) leader and advisor, has joined Pie's Board of Directors to support the company's continued expansion. In the past year, Pie has increased its headcount nearly 80%, currently employing more than 300 team members, and expects 2022 to be another period of growth. Ms. Johnson brings a wealth of global leadership experience to Pie's board. Ms. Johnson
Go-to-market executive brings more than two decades of experience driving growth and scaling operations at leading technology companies Software intelligence company Dynatrace (NYSE:DT), today announced the appointment of Steve Rowland to its board of directors. Mr. Rowland, an experienced go-to-market executive, has served in senior roles at leading technology companies, including Okta, Splunk, and DataStax. "I am proud to welcome Steve to the Dynatrace board. His expertise, earned from decades of experience scaling global sales and field operations, will be instrumental as we continue to help digital transformers in the world's leading enterprises accelerate innovation and tame cloud co