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 |
| Vol | 3.99M |
| As of | 25 Sep 2026 |
The Verdict
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/E | 116.88x |
| Forward P/E | 44.58x |
| EV / EBITDA | 99.31x |
| P / S (ttm) | 11.10x |
| Profit margin | 9.6% |
| Return on equity | 4.3% |
| Revenue growth | +10.6% |
| Earnings growth | +75.7% |
| Debt / equity | 0.76 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 1.21 |
|---|---|
| Corr SPX | 0.34 |
| Annual vol | 57.2% |
| Annual ret | +62.8% |
| Sharpe | 1.10 |
| 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 |
| Analysts | 43 |
| Strong Buy | 8 | |
|---|---|---|
| Buy | 26 | |
| Hold | 10 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-04-20 | Barclays | → Overweight |
| 2026-04-16 | Raymond James | → Outperform |
| 2026-04-15 | Keybanc | → Overweight |
| 2026-03-19 | Macquarie | → Outperform |
| 2026-03-06 | BMO Capital | → Outperform |
| 2026-03-05 | UBS | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-06-23 | Officer / Director Change, Shareholder Vote… | read |
| 2026-05-28 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-22 | Officer / Director Change, Exhibits | read |
| 2026-03-23 | Officer / Director Change, Exhibits | read |
| 2026-03-11 | Officer / Director Change, Exhibits | read |
| 2026-03-04 | Earnings Release, Reg FD Disclosure… | read |
| 2026-01-05 | Other Material Event, Exhibits | read |
| 2025-12-19 | Officer / Director Change, Exhibits | read |
| 2025-12-02 | Earnings Release, Reg FD Disclosure… | read |
| 2025-08-26 | Earnings Release, Reg FD Disclosure… | read |
| 2025-08-14 | Officer / Director Change, Exhibits | read |
| 2025-06-25 | Officer / Director Change, Shareholder Vote… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-08 | McKinnon Todd | Chief Executive Officer | Sell | 12.70K | $1.85M |
| 2026-07-08 | McKinnon Todd | Chief Executive Officer | Sell | 29.50K | $4.32M |
| 2026-07-08 | McKinnon Todd | Chief Executive Officer | Sell | 25.03K | $3.69M |
| 2026-07-08 | McKinnon Todd | Chief Executive Officer | Sell | 1.71K | $252.61K |
| 2026-06-22 | Schwartz Larissa | See Remarks | Sell | 2.46K | $295.56K |
| 2026-06-18 | Kelleher Eric Robert | See Remarks | Sell | 200 | $21.59K |
| 2026-06-18 | Kelleher Eric Robert | See Remarks | Sell | 400 | $43.60K |
| 2026-06-18 | Kelleher Eric Robert | See Remarks | Sell | 1.00K | $111.05K |
| 2026-06-18 | Kelleher Eric Robert | See Remarks | Sell | 300 | $33.64K |
| 2026-06-18 | Kelleher Eric Robert | See Remarks | Sell | 1.78K | $208.97K |
Flow & Concentration
| Insider 180d net | -$10.83M |
|---|---|
| Insider buys / sells | 0 / 11 |
| Insider bias | Sellers |
| 13F holders | 7 |
| Top-5 share | 99.4% |
| HHI | 3,559 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $2.22B | 16.27M |
| State Street Corp | $856.17M | 6.27M |
| Citadel Advisors | $551.63M | 4.04M |
| Capital Research / Capital World | $342.66M | 2.51M |
| Millennium Management | $147.85M | 1.08M |
| AQR Capital Management | $23.23M | 174.58K |
| T. Rowe Price Group | $68.18K | 499.64K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2018–2026 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $204.00 | $205.00 | $195.04 | $195.19 | 3.99M |
| Sep 24 | $204.21 | $212.50 | $200.95 | $206.64 | 5.20M |
| Sep 23 | $198.20 | $207.20 | $196.00 | $205.36 | 5.48M |
| Sep 22 | $192.82 | $198.09 | $188.22 | $196.62 | 5.18M |
| Sep 21 | $183.90 | $192.22 | $180.55 | $191.33 | 3.72M |
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