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 |
|---|---|---|---|
| 10/17/2024 | $100.00 | Buy | Needham |
| 8/29/2024 | $100.00 → $103.00 | Market Perform | BMO Capital Markets |
| 8/29/2024 | $135.00 → $75.00 | Buy → Underperform | BofA Securities |
| 5/30/2024 | $102.00 → $122.00 | In-line → Outperform | Evercore ISI |
| 2/29/2024 | $135.00 | Underperform → Buy | BofA Securities |
| 1/8/2024 | $85.00 | Buy → Neutral | Mizuho |
| 1/5/2024 | $85.00 → $95.00 | Buy → Hold | Jefferies |
| 12/15/2023 | $75.00 | Neutral | Susquehanna |
| 11/30/2023 | $90.00 → $80.00 | Market Perform | BMO Capital Markets |
| 11/30/2023 | Overweight → Sector Weight | KeyBanc Capital Markets |
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Needham resumed coverage of Okta with a rating of Buy and set a new price target of $100.00
BMO Capital Markets reiterated coverage of Okta with a rating of Market Perform and set a new price target of $103.00 from $100.00 previously
BofA Securities downgraded Okta from Buy to Underperform and set a new price target of $75.00 from $135.00 previously
Evercore ISI upgraded Okta from In-line to Outperform and set a new price target of $122.00 from $102.00 previously
BofA Securities upgraded Okta from Underperform to Buy and set a new price target of $135.00
Mizuho downgraded Okta from Buy to Neutral and set a new price target of $85.00
Jefferies downgraded Okta from Buy to Hold and set a new price target of $95.00 from $85.00 previously
Susquehanna initiated coverage of Okta with a rating of Neutral and set a new price target of $75.00
BMO Capital Markets reiterated coverage of Okta with a rating of Market Perform and set a new price target of $80.00 from $90.00 previously
KeyBanc Capital Markets downgraded Okta from Overweight to Sector Weight
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Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it will release its financial results for its third quarter fiscal year 2025 ended October 31, 2024 after the U.S. market close on Tuesday, December 3, 2024. 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 Third Quarter Fiscal Year 2025 Financial Results Date: Tuesday, December 3, 2024 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 inve
NetHope is proud to announce the launch of the Partner Collective for the Global Humanitarian Information Sharing and Analysis Center (Global Humanitarian ISAC) at the 2024 NetHope Global Summit. This initiative unites a powerful group of organizations that are dedicated to providing funding, expertise, tools, and technology to support the Global Humanitarian Information Sharing and Analysis Center's mission of enhancing cybersecurity for global humanitarian and conservation nonprofits. Okta and Cisco are leading this effort joined by BeyondID, the NGO-ISAC, SANS, and Slack, who will each play a vital role in delivering the necessary support for the Global Humanitarian ISAC impact. About
Okta today announced new Workforce Identity Cloud capabilities to address top security challenges such as unmanaged SaaS service accounts, governance risks, and identity verification. As part of a unified approach, these innovations help protect business before, during and after authentication, providing greater control, visibility, and streamlined user experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016429068/en/Secure SaaS Service Accounts (Graphic: Business Wire) Why it Matters: Identity in the enterprise is under attack, with 80% of breaches involving some kind of compromised credentials1 and 1.9 billion sessi
Okta and the OpenID Foundation today announced the formation of an OpenID Foundation working group with Ping Identity, Microsoft, SGNL, and Beyond Identity as the first step towards establishing a new identity security standard, the Interoperability Profile for Secure Identity in the Enterprise [IPSIE]. The vision of this new, open standard is to provide a framework for SaaS companies to enhance the end-to-end security of their products across every touchpoint of their technology stack. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016143671/en/Identity Security Standard: Interoperability Profile for Secure Identity in the En
Okta today announced a new Customer Identity Cloud product to help developers and organizations secure identity in GenAI applications, through secure identity standards and a seamless developer experience. With these new features, Okta customers will be able to easily implement support for typical patterns in GenAI applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016447312/en/Auth for GenAI (Graphic: Business Wire) Why It Matters: Generative AI is being rapidly incorporated into applications and products with AI spending expected to increase from $20 billion in 2024 to over $200 billion by the end of 20281. Ove
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it will webcast the Opening Keynote of Oktane and Investor Summit on October 16, 2024. 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: Oktane Opening Keynote - The Future of Identity Security Date: Wednesday, October 16, 2024 Time: 9:00 a.m. Pacific time (12:00 p.m. Eastern time) Event: Okta Investor Summit Date: Wednesday, October 16, 2024 Time: 11:00 a.m. Pacific time (2:00 p.m. Eastern time) Webcast replays will be accessible from the Okta investor relations website at investor.okta.com f
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 (
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it's expanding the capabilities of Auth0 and the Okta Customer Identity Cloud to give developers more of the scalability, security, and customization they need. These enhancements start with the Auth0 Free Plan, including an increase to 25,000 monthly active users (MAUs), passwordless, unlimited* social & Okta connections, and custom domain support. Paid plans also now include enterprise-grade identity security with multi-factor authentication (MFA), support for System for Cross-domain Identity Management (SCIM), enhanced log retention, and more. "Developers are grappling with greater demand to rapidly
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: Citi 2024 Global TMT Conference Presenter: Brett Tighe, CFO Thursday, September 5, 2024 at 11:10 a.m. Pacific time (2:10 p.m. Eastern time) Goldman Sachs 2024 Communacopia & Technology Conference Presenter: Todd McKinnon, CEO and Co-Founder Tuesday, September 10, 2024 at 3:45 p.m. Pacific time (6:45 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
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, Aug. 21, 2024 /PRNewswire/ -- USA News Group – Cybersecurity is an ever-evolving battle for enterprises, governments, and even hackers. The need for new defenses is reaching the highest levels, as federal officials are acknowledging the potential for generative artificial intelligence (AI) to help better identify cyber threats, including data scientists from the National Institute of Health (NIH) and its parent agency, the Department of Health and Human Services (HHS) exploring the key benefits of this tech for analyzing vast data sets. At the local government level too, officials are considering AI for cybe
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
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
Brings Significant Public Company, Financial, Global Enterprise Technology and Marketplace Expertise Jeff to Serve as Audit Committee Chair Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, announced the appointment of Jeff Epstein, the former Chief Financial Officer of Oracle, to its board of directors, effective May 25, 2021. Jeff brings more than 30 years of experience in financial leadership at public, global enterprise technology, and marketplace companies. Jeff will serve as audit committee chair. "We are proud to welcome Jeff to the Okta board. Over his more than 30 years of experience, Jeff has brought operational and fiscal excellence and
U.S. cybersecurity firm Crowdstrike Holdings Inc. (NASDAQ:CRWD) is attempting to recover sharp premarket losses felt overnight and in the early hours on Friday as an update on its cloud software triggered a global tech outage. What Happened: A failed update of CrowdStrike's Falcon platform on Thursday night led to widespread disruptions in Microsoft systems, pushing critical global services such as airports, ports, financial institutions and hospitals to a standstill. The issue stemmed from a technical error in the software update, ruling out initial speculation of a hacker attack. George Kurtz, president and CEO of CrowdStrike, stated on X the company is “actively working with custome
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio? HubSpot, Inc. (NYSE:HUBS) shares tumbled 18.89% after multiple analysts lowered their price targets on the stock. Wingstop Inc. (NASDAQ:WING) stock decreased by 10.55%. Nutanix, Inc. (NASDAQ:NTNX) stock declined 9.29% amid a possible selloff following recent strength in the tech sector. Chipotle Mexican Grill, Inc. (NYSE:CMG) stock lost 7.64% last week following its recent stock split and recent analyst commentary on portion size discrepancy. Delta Air Lines, Inc. (NYSE:DAL) stock fell 6.90% last week following its Q2 earnings miss. The company also reiterated its FY24 outlook a
Okta's (NYSE:OKTA) short percent of float has fallen 5.83% since its last report. The company recently reported that it has 4.91 million shares sold short, which is 3.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.17 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
11 analysts have expressed a variety of opinions on Okta (NASDAQ:OKTA) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 4 0 0 Last 30D 1 0 0 0 0 1M Ago 2 3 3 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Okta and provided 12-month price targets. The average target is $119.73, accompanied by a high estimate of $130.00
Guggenheim analyst John Difucci reiterates Okta (NASDAQ:OKTA) with a Buy and maintains $130 price target.
Investors with a lot of money to spend have taken a bearish stance on Okta (NASDAQ:OKTA). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with OKTA, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 10 uncommon options trades for Okta. This isn't normal. The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish. Out of all of the special options