OktaOKTA
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 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more call options, than puts
Call options by funds: $643M | Put options by funds: $385M
3% more repeat investments, than reductions
Existing positions increased: 214 | Existing positions reduced: 207
8% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 103
1% less funds holding
Funds holding: 625 [Q2] → 617 (-8) [Q3]
3.16% less ownership
Funds ownership: 85.95% [Q2] → 82.79% (-3.16%) [Q3]
23% less capital invested
Capital invested by funds: $12.9B [Q2] → $9.99B (-$2.96B) [Q3]
39% less funds holding in top 10
Funds holding in top 10: 18 [Q2] → 11 (-7) [Q3]
Research analyst outlook
25 Wall Street Analysts provided 1 year price targets over the past 3 months
25 analyst ratings
Jefferies Joseph Gallo 69% 1-year accuracy 9 / 13 met price target | 8%upside $90 | Hold Maintained | 19 Dec 2024 |
Keybanc Eric Heath 70% 1-year accuracy 21 / 30 met price target | 38%upside $115 | Overweight Upgraded | 19 Dec 2024 |
Bernstein Peter Weed 50% 1-year accuracy 8 / 16 met price target | 49%upside $124 | Outperform Maintained | 17 Dec 2024 |
Baird Shrenik Kothari 65% 1-year accuracy 30 / 46 met price target | 38%upside $115 | Outperform Maintained | 17 Dec 2024 |
JP Morgan Brian Essex 61% 1-year accuracy 17 / 28 met price target | 20%upside $100 | Overweight Upgraded | 16 Dec 2024 |
Financial journalist opinion
Based on 35 articles about OKTA published over the past 30 days
