OktaOKTA
Market Cap: $12.3B
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: 5,938
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
78% more call options, than puts
Call options by funds: $739M | Put options by funds: $414M
32% more repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 198
1.55% more ownership
Funds ownership: 83.52% [Q1] → 85.07% (+1.55%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 18 [Q1] → 18 (+0) [Q2]
3% less funds holding
Funds holding: 640 [Q1] → 620 (-20) [Q2]
8% less capital invested
Capital invested by funds: $13.9B [Q1] → $12.8B (-$1.1B) [Q2]
21% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 96
Research analyst outlook
23 Wall Street Analysts provided 1 year price targets over the past 3 months
23 analyst ratings
Susquehanna Shyam Patil 60% 1-year accuracy 34 / 57 met price target | 17%upside $85 | Neutral Maintained | 5 Sept 2024 |
Citigroup Fatima Boolani 40% 1-year accuracy 10 / 25 met price target | 52%upside $110 | Neutral Maintained | 29 Aug 2024 |
Jefferies Joseph Gallo 71% 1-year accuracy 5 / 7 met price target | 38%upside $100 | Hold Maintained | 29 Aug 2024 |
Canaccord Genuity Richard Davis 25% 1-year accuracy 1 / 4 met price target | 24%upside $90 | Hold Maintained | 29 Aug 2024 |
Stifel Adam Borg 65% 1-year accuracy 17 / 26 met price target | 49%upside $108 | Buy Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 38 articles about OKTA published over the past 30 days