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)
66% more call options, than puts
Call options by funds: $656M | Put options by funds: $395M
3% more repeat investments, than reductions
Existing positions increased: 214 | Existing positions reduced: 207
1% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 96
1% less funds holding
Funds holding: 626 [Q2] → 617 (-9) [Q3]
2.93% less ownership
Funds ownership: 86.04% [Q2] → 83.11% (-2.93%) [Q3]
23% less capital invested
Capital invested by funds: $13B [Q2] → $10B (-$2.93B) [Q3]
39% less funds holding in top 10
Funds holding in top 10: 18 [Q2] → 11 (-7) [Q3]
Research analyst outlook
23 Wall Street Analysts provided 1 year price targets over the past 3 months
23 analyst ratings
Citigroup Fatima Boolani 64% 1-year accuracy 21 / 33 met price target | 15%upside $100 | Neutral Maintained | 17 Jan 2025 |
Jefferies Joseph Gallo 46% 1-year accuracy 6 / 13 met price target | 3%upside $90 | Hold Maintained | 19 Dec 2024 |
Keybanc Eric Heath 60% 1-year accuracy 18 / 30 met price target | 32%upside $115 | Overweight Upgraded | 19 Dec 2024 |
Bernstein Peter Weed 56% 1-year accuracy 9 / 16 met price target | 42%upside $124 | Outperform Maintained | 17 Dec 2024 |
Baird Shrenik Kothari 63% 1-year accuracy 29 / 46 met price target | 32%upside $115 | Outperform Maintained | 17 Dec 2024 |
Financial journalist opinion
Based on 13 articles about OKTA published over the past 30 days
