OktaOKTA
Market Cap: 15.7B
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
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
27 Wall Street Analysts provided 1 year price forecasts over the past 6 months
27 analyst ratings
Guggenheim John Difucci | 39%upside $130 | Buy Reiterated | 25 Jun 2024 |
RBC Capital Matthew Hedberg | 34%upside $125 | Outperform Reiterated | 17 Jun 2024 |
BMO Capital Keith Bachman | 7%upside $100 | Market Perform Maintained | 3 Jun 2024 |
JP Morgan Brian Essex | 18%upside $110 | Neutral Maintained | 30 May 2024 |
UBS Roger Boyd | 28%upside $120 | Buy Maintained | 30 May 2024 |
Financial journalist opinion
Based on 22 articles about OKTA published over the past 30 days