Okta, Inc. (OKTA) Stock Price & Analysis
Okta, Inc. (OKTA) closed at USD 201.33 on Thursday, October 22, 2026, down 3.50% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 208.64; the Oct 22, 2026 session ranged USD 199.54–210.86 on volume of 2,476,941 shares. Market capitalization is $35.20B, with a 52-week range of USD 62.66–235 (NMS). Source: Nexqual, retrieved October 23, 2026 at 08:43 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OKTA.md
Key facts (OKTA)
- Last four reported quarters (through Jul 31, 2026): revenue $3.07B, net income $296M (9.6% margin), free cash flow $979M (SEC filings).
- Valuation: P/E 118.9x (avg 326.9x at the last 2 fiscal year-ends).
- Earnings quality: non-operating income $95.0M vs operating income $232M over the last four quarters; P/E excluding non-operating income ≈168.2x (estimate: non-operating income taxed at the company's 8.6% effective rate).
- 1 of 80 tracked superinvestors hold OKTA (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.02 on a 1–5 scale) (44 analysts), mean target USD 214.72 (range 127–250).
- Total return with dividends: 1Y +127.4% vs S&P 500 +14.9%; 5Y -22.7% vs S&P 500 +80.3%.
- Next earnings: 2026-12-01, EPS estimate USD 0.93, revenue estimate $816M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OKTA)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.30B | $1.86B | $2.26B | $2.61B | $2.92B | $3.07B |
| Gross profit | $904M | $1.31B | $1.68B | $1.99B | $2.26B | — |
| Operating income | -$768M | -$812M | -$516M | -$74.0M | $149M | $232M |
| Net income | -$848M | -$815M | -$355M | $28.0M | $235M | $296M |
| EPS (diluted) | -$5.73 | -$5.16 | -$2.17 | $0.06 | $1.31 | — |
| Free cash flow | $91.0M | $74.0M | $504M | $742M | $875M | $979M |
| Gross margin | 69.5% | 70.6% | 74.3% | 76.3% | 77.4% | — |
| Operating margin | -59.1% | -43.7% | -22.8% | -2.8% | 5.1% | 7.5% |
| Net margin | -65.2% | -43.9% | -15.7% | 1.1% | 8.1% | 9.6% |
| Revenue growth | +55.7% | +42.9% | +21.8% | +15.3% | +11.8% | — |
| Cash + short-term investments | $2.50B | $2.58B | $2.20B | $2.52B | $2.55B | — |
| Total debt | $1.82B | $2.19B | $1.15B | $349M | $0K | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (OKTA)
P/E 118.9x · P/E ex non-operating (est.) ≈168.2x · P/S 11.4x · P/FCF 36.0x · P/B 5.0x · FCF yield 2.78% · Earnings yield 0.84%
P/E at fiscal year-ends: Jan 2026 64.5x, Jan 2025 589.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (OKTA)
1 of 80 tracked investors hold OKTA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dennis Hong | ShawSpring Partners | 13.80% | $32.0M | Reduced -58.5% |
Analysts (OKTA)
Consensus Buy (mean 2.02 on a 1–5 scale), 44 analysts; mean target USD 214.72 (low 127, high 250).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Citigroup | Target raised | Neutral | $205 → $215 |
| 2026-10-09 | BMO Capital | Target raised | Outperform | $230 → $245 |
| 2026-10-08 | Amerx | Initiated | Hold | |
| 2026-09-29 | Morgan Stanley | Target raised | Overweight | $200 → $245 |
| 2026-09-28 | Scotiabank | Target raised | Sector Outperform | $190 → $245 |
| 2026-09-28 | Citizens | Target raised | Market Outperform | $180 → $225 |
| 2026-09-25 | Macquarie | Target raised | Outperform | $185 → $240 |
| 2026-09-25 | Truist Securities | Target raised | Buy | $200 → $235 |
| 2026-09-25 | Stephens & Co. | Target raised | Overweight | $190 → $240 |
| 2026-09-25 | BMO Capital | Target raised | Outperform | $187 → $230 |
| 2026-09-25 | Baird | Target raised | Outperform | $200 → $235 |
| 2026-09-24 | B of A Securities | Target raised | Neutral | $200 → $220 |
Total return (dividends reinvested) (OKTA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +127.4% | -22.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +128.0% | -5.0% |
| Volatility (annualized) | 64.8% | 59.4% |
| Max drawdown | -33.1% (Jan 2026→Apr 2026) | -82.8% (Nov 2021→Oct 2022) |
OKTA revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription | $793.0M | 98.5% | +11.5% |
| Professional services and other | $12.0M | 1.5% | -29.4% |
| Total revenue | $805.0M | 100% | — |
OKTA revenue by region (fiscal year ended Jan 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $2.32B | 79.5% | +12.6% |
| Non Us | $598.0M | 20.5% | +9.1% |
| Total revenue | $2.92B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
OKTA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Auth0 | “Our Okta Platform and Auth0 Platform enable our customers to securely connect the right people to the right technologies and services at the right time.” |
| Customer | Amazon (AMZN) | “theft or misuse, password spraying, phishing and denial-of-service attacks, we and our third-party service providers now also face threats from sophisticated nation-state actors and organized crime groups who engage in attacks (including advanced persistent threat intrusions) that add to the risks to our systems (including those hosted on AWS' or other cloud services providers' systems), internal networks, our cus…” |
| Competitor | Microsoft (MSFT) | “Our principal competitor is Microsoft.” |
Quoted from the company's 10-K filed Mar 5, 2026.
OKTA company outlook (results filed Aug 26, 2026)
- “Financial Outlook: For Q3 and FY27 we continue to take a prudent approach to forward guidance.”
- “For the full year fiscal 2027, the Company now expects: • Total revenue of $3.216 billion to $3.226 billion , representing a growth rate of 10% to 11% year-over-year; ◦ Reflected in the revenue guidance is an approximately one percentage point impact to total revenue growth resulting from our decision to accelerate the shift of professional services business to our partners.”
Quoted word-for-word from the SEC 8-K results press release.
OKTA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.93 | $0.94 | -0.1% | $816.2M | 41 |
| Next quarter (ends Jan 2027) | $1.03 | $1.03 | -0.4% | $837.9M | 41 |
| Current fiscal year (ends Jan 2027) | $3.93 | $3.84 | +2.2% | $3.22B | 43 |
| Next fiscal year (ends Jan 2028) | $4.38 | $4.28 | +2.3% | $3.55B | 43 |
OKTA options: expected move
Options price a move of about ±20.6% (±$41.35) by Dec 4, 2026, which includes earnings on Dec 1, 2026; the earnings reaction alone is priced at about ±12.5%. Over the last 8 reports the stock moved ±16% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 64.8% | ±7.7% |
| Nov 6, 2026 | 14 | 64.2% | ±10.4% |
| Nov 13, 2026 | 21 | 63.8% | ±12.5% |
| Nov 20, 2026 | 28 | 62.4% | ±14.1% |
| Nov 27, 2026 | 35 | 60.5% | ±15.1% |
| Dec 4, 2026 | 42 | 75.3% | ±20.6% |
| Dec 18, 2026 | 56 | 73.1% | ±23.0% |
| Jan 15, 2027 | 84 | 68.6% | ±26.3% |
30-day implied volatility 62.2% vs 68% realized over the last 30 trading days. Put/call ratio (volume) 0.77. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:43 UTC)
| Price | USD 201.33 |
|---|---|
| Change | ▼ 3.50% (down) |
| Previous Close | USD 208.64 |
| Open | USD 207.26 |
| Day Range | USD 199.54 – 210.86 |
| 52-Week Range | USD 62.66 – 235 |
| Volume | 2,476,941 shares |
| Market Cap | $35.20B |
| Exchange | NMS |
Technical Analysis (OKTA)
Nexqual's technical model rates OKTA "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 08:43 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 50.85 (neutral) |
| vs SMA50 | Above (USD 183.84) |
| MACD | 3.92 (positive) |
Analyst Ratings (OKTA)
Wall Street analysts rate OKTA "Buy" based on 44 analysts, with a mean price target of USD 214.72 (range USD 127–250), per Nexqual as of October 23, 2026 at 08:43 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 44 |
| Mean Target | USD 214.72 |
| High Target | USD 250 |
| Low Target | USD 127 |
| Buy / Hold / Sell | 34 / 10 / 0 |
Earnings (OKTA)
| Next Earnings Date | 2026-12-01 |
|---|---|
| EPS Estimate | USD 0.93 |
| Revenue Estimate | $816.17M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 1.05 vs est 0.96 ▲ beat |
| 2026-04-30 | USD 0.91 vs est 0.85 ▲ beat |
| 2026-01-31 | USD 0.9 vs est 0.85 ▲ beat |
| 2025-10-31 | USD 0.82 vs est 0.76 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:43 UTC.
Financials & Fundamentals (OKTA)
| Total Revenue | $3.07B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.60% |
| Gross Margin | +78.13% |
| Operating Margin | +13.29% |
| Profit Margin | +9.63% |
| ROE | +4.31% |
| Debt / Equity | 0.01 |
| Current Ratio | 1.53 |
| Total Cash | $2.30B |
| Total Debt | $53.00M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $979.00M (31.9% of revenue) |
Source: Nexqual, October 23, 2026 at 08:43 UTC.
Financial Health Score (OKTA)
Nexqual rates Okta, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 08:43 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 78%, operating 13% (last 12 months) |
| Balance Sheet | Strong — $2.55B cash and investments, no debt (Jan 2026, SEC) |
| Cash Flow | Strong — FCF $979M (last 4 quarters to Jul 2026, SEC), 32% margin |
| Efficiency | Weak — ROE 4%, ROA 1.6% |
Ownership (OKTA)
| Insider Ownership | +0.51% |
|---|---|
| Institutional Ownership | +99.77% |
| Shares Outstanding | 167.14M |
| Float | 166.74M |
| Short % of Float | +5.31% |
Source: Nexqual, October 23, 2026 at 08:43 UTC.
Leadership (OKTA)
Okta, Inc. is led by Todd McKinnon, Co-Founder, Chairman & CEO, per Nexqual as of October 23, 2026 at 08:43 UTC.
| Co-Founder, Chairman & CEO | Todd McKinnon |
|---|---|
| Co-Founder & Executive Vice Chairman | Jacques Frederic Kerrest |
| President & COO | Eric Kelleher |
| Chief Financial Officer | Brett Tighe |
| Chief Revenue Officer | Jon Addison |
Major Backers & Investors (OKTA)
Notable institutional backers of Okta, Inc. include FMR, LLC, Fidelity, First Trust Advisors LP, according to Nexqual as of October 23, 2026 at 08:43 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 9.74% |
| Fidelity | 2.93% |
| First Trust Advisors LP | 2.69% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 2.21% |
| Allspring Global Investments Holdings, LLC | 2.17% |
| Morgan Stanley | 2.06% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.19% |
| Vanguard Group | 9.89% |
| State Street | 3.75% |
| Geode Capital | 1.96% |
Source: Nexqual, October 23, 2026 at 08:43 UTC.
From Okta, Inc.'s Latest SEC 10-K Filing (filed 2026-03-05)
Key Strengths & Strategy (as disclosed to the SEC)
- Organizations can continuously manage and secure access to on-premises Windows and Linux servers and across leading Infrastructure-as-a-Service vendors, including AWS, Google Cloud Platform and Microsoft Azure.
- The Okta Integration Network contains over 7,000 integrations with cloud, mobile and web applications, IoT devices and IT infrastructure providers, including AWS, Atlassian, DocuSign, Google, Microsoft 365, NetSuite, Oracle, Palo Alto Networks, Proofpoint, Salesforce, SAP, ServiceNow, Slack, Splunk, VMware, Workday, Zendesk and Zoom.
- The Okta Integration Network is an extensive ecosystem, which includes over 7,000 integrations with cloud, mobile and web applications as well as integrated solutions with IT infrastructure providers and security vendors.
- A number of our Okta Platform product offerings have attained multiple certifications, including SOC 2 Type II Attestations, CSA Star Level 2 Certification, ISO/IEC 27001:2022, ISO/IEC 27017:2015, ISO/IEC 27018:2019 and comply with many other international security frameworks.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to anti-corruption, anti-bribery and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
- We are subject to governmental export controls and economic sanctions laws that could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws.
- Our international operations may give rise to potentially adverse tax consequences.
- Changes in tax laws or regulations in the various tax jurisdictions we are subject to that are applied adversely to us or our customers could increase the costs of our solutions and harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ZS | Zscaler, Inc. | USD 237.76 | ▲ 2.78% |
| TWLO | Twilio Inc. | USD 253.63 | ▼ 4.89% |
| CRWV | CoreWeave, Inc. | USD 55.6 | ▼ 10.06% |
| NTAP | NetApp, Inc. | USD 212.51 | ▼ 2.16% |
| MDB | MongoDB, Inc. | USD 362.24 | ▼ 7.3% |
| VRSN | VeriSign, Inc. | USD 304.59 | ▼ 0.87% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:43 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt