Okta (OKTA)

• Market cap: $15.9B
• 1 day: -2.56%
• 5 days: -7.50%
• 1 month: 3.75%
• 3 months: 22.93%
• 6 months: -5.29%
• Year to date: 17.66%
• 1 year: 14.25%
• 5 years: -30.57%
• 10 years: 294.51%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q4 regulatory filings by fund managers ($100M+ AUM)

45% more funds holding in top 10

Funds holding in top 10: 11 [Q3] → 16 (+5) [Q4]

40% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 90

22% more call options, than puts

Call options by funds: $637M | Put options by funds: $523M

11% more repeat investments, than reductions

Existing positions increased: 233 | Existing positions reduced: 210

9% more capital invested

Capital invested by funds: $10.1B [Q3] → $11B (+$889M) [Q4]

4% more funds holding

Funds holding: 620 [Q3] → 644 (+24) [Q4]

1.57% more ownership

Funds ownership: 83.51% [Q3] → 85.08% (+1.57%) [Q4]

Research analyst outlook

24 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $90 3% downside
• Avg. target: $107 15% upside
• High target: $140 51% upside

24 analyst ratings

• positive: 12 50%
• neutral: 12 50%
• negative: 0 0%

Barclays Saket Kalia 72% 1-year accuracy 36 / 50 met price target	13% upside $105	Equal-Weight Maintained	20 Feb 2025
UBS Roger Boyd 60% 1-year accuracy 9 / 15 met price target	29% upside $120	Buy Maintained	20 Feb 2025
Mizuho Gregg Moskowitz 69% 1-year accuracy 33 / 48 met price target	19% upside $110	Neutral Maintained	12 Feb 2025
Keybanc Eric Heath 0 / 0 met price target	35% upside $125	Overweight Maintained	11 Feb 2025
Needham Mike Cikos 69% 1-year accuracy 66 / 96 met price target	24% upside $115	Buy Reiterated	4 Feb 2025