Okta, Inc. (OKTA) Stock

About Okta, Inc.

Okta, Inc. delivers comprehensive identity management solutions tailored for a diverse clientele, including large corporations, small and medium-sized businesses, educational institutions, charitable organizations, and governmental bodies, operating both within the United States and globally. The company's flagship offering is the Okta Identity Cloud, a robust platform featuring a suite of integrated products and services. These include a Universal Directory, a cloud-based system designed to securely store and manage user, application, and device profiles; Single Sign-On (SSO), enabling seamless access to cloud-based or on-premises applications from multiple devices; and Adaptive Multi-Factor Authentication, which adds an extra layer of security for various applications and data. Further components encompass Lifecycle Management for overseeing a user's digital identity journey, API Access Management for securing interfaces, an Access Gateway to extend cloud capabilities to on-premises applications, and Advanced Server Access for safeguarding cloud infrastructure. Additionally, Okta incorporates Auth0's product portfolio. This includes Universal Login for consistent user authentication experiences across different apps and devices; Attack Protection, a suite of features to counter malicious online activity; Adaptive Multi-Factor Authentication, providing strong security with minimal user inconvenience; and Passwordless authentication, allowing users to log in through diverse methods without traditional passwords. Other Auth0 offerings are Machine to Machine (M2M) authentication and authorization built on industry standards; Private Cloud, for deploying dedicated Auth0 instances; and Organizations, providing independent configurations, login flows, and security settings for different groups. Okta further provides comprehensive customer assistance, educational programs, and specialized professional services. The company distributes its offerings directly via its sales teams and through a network of channel partners. Originally established as Saasure, Inc. in 2009, Okta, Inc. maintains its corporate headquarters in San Francisco, California.

Okta, Inc. is led by CEO Todd McKinnon, employs 6,366 people, headquartered in San Francisco, US, publicly traded since 2017.

Okta, Inc. (OKTA) stock trades at $139.36 with a market capitalization of $23.15B. The stock is valued at a price-to-earnings (P/E) ratio of 101.74, price-to-book of 3.59, price-to-sales of 7.84. Over the past 52 weeks the stock has ranged between $62.66 and $155.31, and currently trades 10.3% below its 52-week high.

On profitability, Okta, Inc. generates a return on equity (ROE) of 3.67%, return on capital employed of 2.19%, an operating margin of 5.24%, a net profit margin of 8.24%.

In its most recent fiscal year, Okta, Inc. reported annual revenue of $2.9B, net profit of $235.0M, revenue has compounded at 28.4% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 0.06 — a conservative balance sheet with little leverage risk, a current ratio of 1.39, total assets of $9.7B, $858.0M in cash and equivalents.

OKTA has an average daily trading volume of 3,739,852 shares, a beta of 0.77 (less volatile than the overall market).

Official website: www.okta.com