Okta (OKTA)

• Market cap: $14.3B
• 1 day: -3.01%
• 5 days: 9.48%
• 1 month: 12.76%
• 3 months: 11.79%
• 6 months: -5.64%
• Year to date: -4.00%
• 1 year: 14.90%
• 5 years: -29.91%
• 10 years: 255.25%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

Employees: 5,938

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

67% more call options, than puts

Call options by funds: $643M | Put options by funds: $385M

3% more repeat investments, than reductions

Existing positions increased: 214 | Existing positions reduced: 207

8% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 103

1% less funds holding

Funds holding: 625 [Q2] → 617 (-8) [Q3]

3.17% less ownership

Funds ownership: 85.95% [Q2] → 82.79% (-3.17%) [Q3]

23% less capital invested

Capital invested by funds: $12.9B [Q2] → $9.99B (-$2.96B) [Q3]

39% less funds holding in top 10

Funds holding in top 10: 18 [Q2] → 11 (-7) [Q3]

Research analyst outlook

36 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $75 10% downside
• Avg. target: $97 17% upside
• High target: $140 68% upside

36 analyst ratings

• positive: 14 39%
• neutral: 22 61%
• negative: 0 0%

Wells Fargo Andrew Nowinski 78% 1-year accuracy 18 / 23 met price target	14% upside $95	Equal-Weight Maintained	5 Dec 2024
Bernstein Peter Weed 100% 1-year accuracy 8 / 8 met price target	54% upside $129	Outperform Upgraded	5 Dec 2024
RBC Capital Matthew Hedberg 74% 1-year accuracy 66 / 89 met price target	21% upside $101	Outperform Reiterated	4 Dec 2024
Citigroup Fatima Boolani 69% 1-year accuracy 18 / 26 met price target	14% upside $95	Neutral Maintained	4 Dec 2024
DA Davidson Rudy Kessinger 92% 1-year accuracy 11 / 12 met price target	8% upside $90	Neutral Maintained	4 Dec 2024