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Okta Inc Class A OKTA Stock Quote

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Morningstar‘s Stock Analysis OKTA

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Okta Conjures Up a Great Quarter Amid a Tight Macro Environment; Maintaining $71 FVE

Analyst Note

| Malik Ahmed Khan |

We are maintaining our $71 fair value estimate for no-moat Okta after the firm’s strong fiscal third-quarter financial results were offset by the macro tightness which we see affecting the firm’s financials for the upcoming quarters. As the firm navigates the tricky macro environment where most companies across our cybersecurity coverage have reported elongating sales cycles and softness in customer demand, we believe Okta is strongly positioned to benefit from the eventual rebound as the macroenvironment improves. While we don’t believe Okta’s business, with the value-destructive acquisition of Auth0, merits a narrow moat, we continue to view the firm as a leader in the identity and access management space. With shares up almost 15% after hours, we would recommend investors seek a larger margin of safety to invest in a Very-High-Uncertainty-rated name.

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Key Statistics OKTA

Company Profile OKTA

Business Description

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.

100 First Street, Suite 600
San Francisco, CA, 94105
Industry Software - Infrastructure
Employees 6,037

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FAQs for Okta Inc Class A Stock

No. OKTA does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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OKTA’s market cap is 9.88 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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OKTA’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

OKTA’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare OKTA’s historical performance against its industry peers and the overall market.