OKTA 📈 Okta - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6792951054

OKTA: Identity, Access, Management, Security, Authentication, Governance

Okta, Inc. is a leading identity partner that operates globally, providing a comprehensive suite of products and services designed to manage and secure identities. At its core, the company's offerings enable users to access applications seamlessly, whether they are cloud-based or on-premises, from various devices. This is achieved through solutions such as Single Sign-On, which simplifies the login process, and Adaptive Multi-Factor Authentication, which adds a critical layer of security for cloud, mobile, and web applications, as well as data protection.

The company's portfolio extends to include API Access Management, allowing organizations to secure their APIs, and Access Gateway, which enables the extension of Workforce Identity Cloud. Additionally, Okta Device Access facilitates secure login to devices using Okta credentials, enhancing the overall security posture of an organization. Okta also provides a Universal Directory, a cloud-based system that serves as a central repository for storing and securing user, application, and device profiles. This directory is crucial for maintaining a unified view of an organization's digital landscape.

Further, Okta offers Lifecycle Management, which empowers IT organizations and developers to manage user identities throughout their lifecycle, from creation to termination. Okta Identity Governance provides comprehensive identity access management and governance solutions, ensuring that access is granted appropriately and in compliance with organizational policies. Advanced Server Access and Okta Privileged Access are also part of the company's offerings, focusing on securing cloud infrastructure and reducing risk through unified access and governance management for both on-premises and cloud resources.

Okta's suite of products is complemented by Universal Login, which allows customers to provide a consistent login experience across different applications and devices, enhancing user experience and simplifying access management. The company also offers Attack Protection, a robust suite of security capabilities designed to protect customers from various types of malicious traffic. Additional features include Adaptive Multi-Factor Authentication, Passwordless authentication for enhanced security and convenience, Machine to Machine authentication for secure device interactions, and Private Cloud solutions for organizations requiring dedicated environments.

Okta sells its products and services directly to customers through its sales force and indirectly through channel partners, catering to a wide range of organizations globally. With its incorporation in 2009 and headquarters in San Francisco, California, Okta, Inc. has established itself as a significant player in the identity and access management space. The company's web presence is accessible at https://www.okta.com, and its stock is listed on the NASDAQ under the ticker symbol OKTA, classified as a common stock within the Internet Services & Infrastructure sub-industry.

Additional Sources for OKTA Stock

OKTA Stock Overview

Market Cap in USD 14,529m
Sector Technology
Industry Software - Infrastructure
GiC Sub-Industry Internet Services & Infrastructure
IPO / Inception 2017-04-07

OKTA Stock Ratings

Growth 5y -45.1%
Fundamental 9.24%
Dividend -
Rel. Strength Industry -141
Analysts 3.7/5
Fair Price Momentum 74.68 USD
Fair Price DCF 89.61 USD

OKTA Dividends

No Dividends Paid

OKTA Growth Ratios

Growth Correlation 3m 74.5%
Growth Correlation 12m -52.4%
Growth Correlation 5y -67.9%
CAGR 5y -6.49%
CAGR/Mean DD 5y -0.14
Sharpe Ratio 12m -0.14
Alpha -41.14
Beta 1.20
Volatility 40.51%
Current Volume 3348.6k
Average Volume 20d 4771.2k
What is the price of OKTA stocks?
As of December 29, 2024, the stock is trading at USD 81.64 with a total of 3,348,600 shares traded.
Over the past week, the price has changed by -1.97%, over one month by +6.83%, over three months by +10.34% and over the past year by -9.89%.
Is Okta a good stock to buy?
Neither. Based on ValueRay Fundamental Analyses, Okta is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 9.24 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of OKTA as of December 2024 is 74.68. This means that OKTA is currently overvalued and has a potential downside of -8.53%.
Is OKTA a buy, sell or hold?
Okta has received a consensus analysts rating of 3.70. Therefor, it is recommend to hold OKTA.
  • Strong Buy: 11
  • Buy: 7
  • Hold: 21
  • Sell: 1
  • Strong Sell: 0
What are the forecast for OKTA stock price target?
According to ValueRays Forecast Model, OKTA Okta will be worth about 83.4 in December 2025. The stock is currently trading at 81.64. This means that the stock has a potential upside of +2.18%.
Issuer Forecast Upside
Wallstreet Target Price 103.3 26.5%
Analysts Target Price 95.1 16.5%
ValueRay Target Price 83.4 2.2%