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Okta Inc
NASDAQ:OKTA

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Okta Inc Logo
Okta Inc
NASDAQ:OKTA
Watchlist
Price: 107.3 USD 22.91% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

Okta, Inc. engages in the provision of identity management platform for the enterprise. [ Read More ]

The intrinsic value of one OKTA stock under the Base Case scenario is 72.48 USD. Compared to the current market price of 107.3 USD, Okta Inc is Overvalued by 32%.

Key Points:
OKTA Intrinsic Value
Base Case
72.48 USD
Overvaluation 32%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Okta Inc

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Fundamental Analysis

Optimizing for Profitable Growth
2024-Q4 Earnings Call

Optimizing for Profitable Growth

The company, with a customer base of nearly 19,000, recognizes it's underpenetrated in its market, particularly noting strength amongst large customers with contracts over one million dollars. Key to expansion has been the Elevate partner program along with significant revenue via AWS. New partnerships, like with SoftBank in Japan, are expected to open up additional markets. Corporate strategy includes mitigating share dilution and reallocating headcount to lower-cost regions. Despite a challenging economic landscape, the company is raising its Q1 FY'25 revenue growth outlook to 16-17% with a non-GAAP operating margin of 18% and free cash flow margin around 25%. For FY'25, revenue growth projections are increased to 10-11% with operating margins between 18-19% and a 21% free cash flow margin.

Financials

Balance Sheet Decomposition
Okta Inc

Current Assets 2.7B
Cash & Short-Term Investments 2.1B
Receivables 418m
Other Current Assets 179m
Non-Current Assets 6B
PP&E 141m
Intangibles 5.6B
Other Non-Current Assets 269m
Current Liabilities 1.5B
Accounts Payable 11m
Accrued Liabilities 276m
Other Current Liabilities 1.3B
Non-Current Liabilities 1.5B
Long-Term Debt 1.3B
Other Non-Current Liabilities 165m
Efficiency
Fundamental Scores

OKTA Profitability Score
Profitability Due Diligence

Okta Inc's profitability score is 42/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
ROE is Increasing
ROIC is Increasing
42/100
Profitability
Score

Okta Inc's profitability score is 42/100. The higher the profitability score, the more profitable the company is.

OKTA Solvency Score
Solvency Due Diligence

Okta Inc's solvency score is 60/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Negative Net Debt
Short-Term Solvency
60/100
Solvency
Score

Okta Inc's solvency score is 60/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

OKTA Price Targets Summary
Okta Inc

Wall Street analysts forecast OKTA stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for OKTA is 89.04 USD with a low forecast of 70.7 USD and a high forecast of 115.5 USD.

Lowest
Price Target
70.7 USD
34% Downside
Average
Price Target
89.04 USD
17% Downside
Highest
Price Target
115.5 USD
8% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

OKTA Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

OKTA Price
Okta Inc

1M 1M
+26%
6M 6M
+25%
1Y 1Y
+50%
3Y 3Y
-60%
5Y 5Y
+24%
10Y 10Y
+356%
Annual Price Range
107.3
52w Low
65.76
52w High
107.3
Price Metrics
Average Annual Return 17.37%
Standard Deviation of Annual Returns 77.13%
Max Drawdown -85%
Shares Statistics
Market Capitalization 17.2B USD
Shares Outstanding 165 350 000
Percentage of Shares Shorted 2.34%

OKTA Return Decomposition
Main factors of price return

What is price return decomposition?

OKTA News

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Last Important Events
Okta Inc

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Sentiment Analysis
Okta Inc

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Company Profile

Okta Inc Logo
Okta Inc

Country

United States of America

Industry

Technology

Market Cap

17.2B USD

Dividend Yield

0%

Description

Okta, Inc. engages in the provision of identity management platform for the enterprise. The company is headquartered in San Francisco, California and currently employs 5,030 full-time employees. The company went IPO on 2017-04-07. The firm's Okta Identity Cloud is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Okta Identity Cloud is used as the central system for an organization’s connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its products can be used for both customer identity and workforce identity use cases. Its Okta products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway and Advanced Server Access. The Company, through Auth0, Inc., provides products, including Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud and Organizations.

Contact

CALIFORNIA
San Francisco
100 1st St Ste 600
+18887227871.0
https://www.okta.com/

IPO

2017-04-07

Employees

5 030

Officers

Co-Founder, Chairman & CEO
Mr. Todd McKinnon
Chief Financial Officer
Mr. Brett Tighe
Co-Founder & Executive Vice Chairperson
Mr. Jacques Frederic Kerrest
President & Chief Development Officer of Workforce Identity
Mr. Sagnik Nandy
Co-founder & President of Business Operations
Mr. Eugenio Pace
Senior VP & Chief Information Officer
Ms. Alvina Y. Antar
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Vice President of Investor Relations
Dave Gennarelli
Chief Legal Officer & Corporate Secretary
Ms. Larissa Schwartz
Executive Vice President of Corporate Development
Mr. Monty Gray
Chief Marketing Officer
Ms. Kerry Ok
Show Less

See Also

Discover More
What is the Intrinsic Value of one OKTA stock?

The intrinsic value of one OKTA stock under the Base Case scenario is 72.48 USD.

Is OKTA stock undervalued or overvalued?

Compared to the current market price of 107.3 USD, Okta Inc is Overvalued by 32%.