OktaOKTA
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
24 Wall Street Analysts provided 1 year price targets over the past 3 months
24 analyst ratings
Roth Capital Taz Koujalgi 75% 1-year accuracy 15 / 20 met price target | 6%upside $119 | Buy Initiated | 23 Apr 2025 |
Morgan Stanley Simeon Gutman 57% 1-year accuracy 20 / 35 met price target | 10%upside $123 | Overweight Maintained | 16 Apr 2025 |
Stephens & Co. Brian Colley 0 / 0 met price target | 13%upside $127 | Equal-Weight Initiated | 1 Apr 2025 |
Cantor Fitzgerald Jonathan Ruykhaver 45% 1-year accuracy 9 / 20 met price target | 16%upside $130 | Overweight Initiated | 31 Mar 2025 |
Susquehanna Shyam Patil 50% 1-year accuracy 23 / 46 met price target | 6%downside $105 | Neutral Maintained | 4 Mar 2025 |
Financial journalist opinion
Based on 24 articles about OKTA published over the past 30 days
