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Okta Inc Class A OKTA

Morningstar Rating
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Stock XNAS Rating as of
$88.68 −0.13 (0.15%)
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As of Delayed Price Closed
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Company Report

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Okta Earnings: The Comeback Continues With Improved Execution as Macro Pressures Gradually Subside

Malik Ahmed Khan

We are maintaining our $100 fair value estimate for no-moat Okta after the firm kicked off fiscal 2025 with a set of robust financial results and guidance. While security breaches and a poorly executed acquisition of Auth0 have damped Okta's glow to many investors, we were encouraged by the firm's ability to steady its ship by emphasizing strong execution and rebuilding investor trust in the firm. With shares trading up slightly after hours, we view Okta as fairly valued. For investors seeking cybersecurity exposure, we'd recommend wide-moat Palo Alto and Fortinet as better companies to invest in than no-moat Okta.

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Price vs Fair Value

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OKTA is trading at a 564% premium.
Price
$88.81
Fair Value
$966.00
Uncertainty
Very High
1-Star Price
$429.00
5-Star Price
$82.00
Economic Moat
Xxy
Capital Allocation
Vjtwqtp

Bulls Say, Bears Say

Bulls

Okta has strong secular tailwinds behind its back as the IAM market is expected to grow rapidly.

Bears

There are behemoths such as Microsoft, Oracle, and IBM that have products in the IAM space that provide competition to Okta.

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Trading Information

Previous Close Price
$88.81
Day Range
$86.25–91.59
52-Week Range
$65.04–114.50
Bid/Ask
$88.68 / $89.16
Market Cap
$14.92 Bil
Volume/Avg
4.0 Mil / 2.0 Mil

Key Statistics

Price/Earnings (Normalized)
43.89
Price/Sales
6.21
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

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.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Mid Growth
Total Number of Employees
5,710
Website
https://www.okta.com

Competitors

Valuation

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Metric
OKTA
MSFT
IBM
Price/Earnings (Normalized)
 43.8937.1616.68
Price/Book Value
 2.5112.606.54
Price/Sales
 6.2113.542.47
Price/Cash Flow
 26.7728.8112.43
Price/Earnings
OKTA
MSFT
IBM

Financial Strength

Metric
OKTA
MSFT
IBM
Quick Ratio
 1.551.020.95
Current Ratio
 1.671.221.13
Interest Coverage
 −51.2541.495.78
Quick Ratio
OKTA
MSFT
IBM

Profitability

Metric
OKTA
MSFT
IBM
Return on Assets (Normalized)
 4.12%19.65%6.88%
Return on Equity (Normalized)
 6.35%38.71%40.76%
Return on Invested Capital (Normalized)
 4.12%28.79%12.11%
Return on Assets
OKTA
MSFT
IBM
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