Okta (OKTA)

• Market cap: $21.1B
• 1 day: 0.85%
• 5 days: 2.80%
• 1 month: 24.13%
• 3 months: 28.18%
• 6 months: 68.87%
• Year to date: 57.80%
• 1 year: 25.30%
• 5 years: -31.50%
• 10 years: 429.09%
• Sector: Technology
• Industry: Software - Infrastructure

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: 5,914

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

49% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 90

45% more funds holding in top 10

Funds holding in top 10: 11 [Q3] → 16 (+5) [Q4]

22% more call options, than puts

Call options by funds: $637M | Put options by funds: $523M

10% more capital invested

Capital invested by funds: $9.98B [Q3] → $10.9B (+$964M) [Q4]

5% more funds holding

Funds holding: 619 [Q3] → 652 (+33) [Q4]

2.19% more ownership

Funds ownership: 82.65% [Q3] → 84.84% (+2.19%) [Q4]

10% more repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 211

Research analyst outlook

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

• Low target: $100 20% downside
• Avg. target: $121 3% downside
• High target: $145 17% upside

26 analyst ratings

• positive: 16 62%
• neutral: 10 38%
• negative: 0 0%

DA Davidson Rudy Kessinger 80% 1-year accuracy 24 / 30 met price target	17% upside $145	Buy Maintained	15 May 2025
Mizuho Gregg Moskowitz 57% 1-year accuracy 27 / 47 met price target	9% upside $135	Outperform Maintained	15 May 2025
BMO Capital Keith Bachman 69% 1-year accuracy 40 / 58 met price target	9% upside $135	Market Perform Maintained	14 May 2025
Loop Capital Yun Kim 50% 1-year accuracy 7 / 14 met price target	13% upside $140	Buy Initiated	5 May 2025
Roth Capital Taz Koujalgi 82% 1-year accuracy 14 / 17 met price target	4% downside $119	Buy Initiated	23 Apr 2025