OKTA stock icon

Okta
OKTA

$88.90
0.62%
 

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: 5,710

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 31 analysts
0
News positive %
of 35 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

76% more call options, than puts

Call options by funds: $773M | Put options by funds: $439M

36% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 74

16% more capital invested

Capital invested by funds: $11.8B [Q4 2023] → $13.7B (+$1.93B) [Q1 2024]

15% more repeat investments, than reductions

Existing positions increased: 233 | Existing positions reduced: 202

4% more funds holding

Funds holding: 603 [Q4 2023] → 630 (+27) [Q1 2024]

2.41% less ownership

Funds ownership: 84.74% [Q4 2023] → 82.33% (-2.41%) [Q1 2024]

5% less funds holding in top 10

Funds holding in top 10: 19 [Q4 2023] → 18 (-1) [Q1 2024]

Research analyst outlook

31 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$85
4%
downside
Avg. target
$112
26%
upside
High target
$140
57%
upside

31 analyst ratings

13 positive
42%
18 neutral
58%
negative
0%
Guggenheim
John Difucci
46%upside
$130
Buy
Reiterated
25 Jun 2024
RBC Capital
Matthew Hedberg
41%upside
$125
Outperform
Reiterated
17 Jun 2024
BMO Capital
Keith Bachman
12%upside
$100
Market Perform
Maintained
3 Jun 2024
JP Morgan
Brian Essex
24%upside
$110
Neutral
Maintained
30 May 2024
UBS
Roger Boyd
35%upside
$120
Buy
Maintained
30 May 2024

Financial journalist opinion

Based on 35 articles about OKTA published over the past 30 days