Inside the research

Okta, Inc.

OKTA Research profile · latest available data

Price overview

$195.19

▼ -11.45 (-5.5%)

52w hi$206.64
52w lo$62.93
Vol3.99M
As of25 Sep 2026

The Verdict

Buy

Our score +0.60

Short+0.34
Medium+0.88
Long+0.55

computed 2026-09-27

Key fundamentals

Okta, Inc.

Technology · Software - Infrastructure

Market cap$34.12B
Enterprise value$31.88B
Trailing P/E116.88x
Forward P/E44.58x
EV / EBITDA99.31x
P / S (ttm)11.10x
Profit margin9.6%
Return on equity4.3%
Revenue growth+10.6%
Earnings growth+75.7%
Debt / equity0.76

Layer Breakdown

LayerRawContribution
Fundamental+0.17
Sector+0.19
Technical+0.34
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management. In addition, it provides Universal Login, a standards-based login infrastructure; Attack Protection Suite to minimize risks associated with identity-targeted attacks; Adaptive MFA; Passwordless, which enables users to login without a password; Machine-to-Machine Tokens for authentication and authorization with NHIs; Private Cloud, a deployment option; Organizations, which support a large number of partners or customers; Extensibility, which enables customers to build customized identity flows; Fine Grained Authorization, which manages complex authorization scenarios; and Auth0 for AI Agents to secure and scale agentic applications. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

United States · www.okta.com

Risk Metrics

Beta vs SPX1.21
Corr SPX0.34
Annual vol57.2%
Annual ret+62.8%
Sharpe1.10
Max DD-50.6%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$99.95
High / Low$140.00 / $75.00
Median$100.00
Analysts43
Strong Buy8
Buy26
Hold10
Sell0
Strong Sell1

Recent rating actions

2026-04-20Barclays→ Overweight
2026-04-16Raymond James→ Outperform
2026-04-15Keybanc→ Overweight
2026-03-19Macquarie→ Outperform
2026-03-06BMO Capital→ Outperform
2026-03-05UBS→ Buy

Material Events

DateEvent8-K
2026-06-23Officer / Director Change, Shareholder Vote…read
2026-05-28Earnings Release, Reg FD Disclosure…read
2026-04-22Officer / Director Change, Exhibitsread
2026-03-23Officer / Director Change, Exhibitsread
2026-03-11Officer / Director Change, Exhibitsread
2026-03-04Earnings Release, Reg FD Disclosure…read
2026-01-05Other Material Event, Exhibitsread
2025-12-19Officer / Director Change, Exhibitsread
2025-12-02Earnings Release, Reg FD Disclosure…read
2025-08-26Earnings Release, Reg FD Disclosure…read
2025-08-14Officer / Director Change, Exhibitsread
2025-06-25Officer / Director Change, Shareholder Vote…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-08McKinnon ToddChief Executive OfficerSell12.70K$1.85M
2026-07-08McKinnon ToddChief Executive OfficerSell29.50K$4.32M
2026-07-08McKinnon ToddChief Executive OfficerSell25.03K$3.69M
2026-07-08McKinnon ToddChief Executive OfficerSell1.71K$252.61K
2026-06-22Schwartz LarissaSee RemarksSell2.46K$295.56K
2026-06-18Kelleher Eric RobertSee RemarksSell200$21.59K
2026-06-18Kelleher Eric RobertSee RemarksSell400$43.60K
2026-06-18Kelleher Eric RobertSee RemarksSell1.00K$111.05K
2026-06-18Kelleher Eric RobertSee RemarksSell300$33.64K
2026-06-18Kelleher Eric RobertSee RemarksSell1.78K$208.97K

Flow & Concentration

Insider 180d net-$10.83M
Insider buys / sells0 / 11
Insider biasSellers
13F holders7
Top-5 share99.4%
HHI3,559 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$2.22B16.27M
State Street Corp$856.17M6.27M
Citadel Advisors$551.63M4.04M
Capital Research / Capital World$342.66M2.51M
Millennium Management$147.85M1.08M
AQR Capital Management$23.23M174.58K
T. Rowe Price Group$68.18K499.64K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-133view
2026-07-104view
2026-06-244view
2026-06-234view
2026-06-238-Kview
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-174view

The Long Run

FY 2018–2026 · 9 years

LineLatestCAGRTrend
Revenue$2.26B+36.5%
Gross profit$1.68B+55.2%
Operating income-$516.00M—
Net income-$355.00M—
Cash from ops$884.00M+96.9%

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$204.00$205.00$195.04$195.193.99M
Sep 24$204.21$212.50$200.95$206.645.20M
Sep 23$198.20$207.20$196.00$205.365.48M
Sep 22$192.82$198.09$188.22$196.625.18M
Sep 21$183.90$192.22$180.55$191.333.72M

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