OKTA stock was down as much as 8% in morning trading after reports surfaced that a hacker has gained access to the company’s internal system, potentially putting its customers at risk. OKTA stock finished trading yesterday at $169.41 a share, down 24% year to date. What Happened With OKTA Stock
How much is Okta stock worth?
Mar 05, 2021 · But with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet. That's why Okta is down today. However, the company is growing by double digits and has...
How can I get the latest Okta news and ratings?
Surprisingly, identity security company Okta (NASDAQ: OKTA) is an exception, as it is currently trading near its lowest prices in a year. A bit part of the reason for this is that hackers recently...
Is Okta (Okta) a great cybersecurity stock to buy in 2022?
Apr 14, 2022 · Why Okta Stock Keeps Dropping - The Motley Fool fool.com - March 24 at 9:01 PM: Why Okta Stock Keeps Dropping finance.yahoo.com - March 24 at 9:01 PM: Okta stock sinks toward near 2-year low after double downgrade at Raymond James - MarketWatch marketwatch.com - March 24 at 4:01 PM: Suspected Okta hackers arrested by British police - …
Should you worry about Okta's $29 million net loss?
May 27, 2021 · Why Okta Stock Was Sinking Today. MotleyFool . May. 27, 2021, 11:30 AM. ... shares of the cloud security company were down by 11.3%.Image source: Okta.Continue reading ...
Is Okta stock a good buy?
OKTA Stock Price Predictions Deutsche Bank has a “buy” rating on OKTA stock and a $195 price target, implying 15% upside. Raymond James also has a “buy” rating on Okta and a $260 price target, which would be 53% higher than the current share price.Mar 3, 2022
Will Okta stock go up?
Stock Price Forecast The 24 analysts offering 12-month price forecasts for Okta Inc have a median target of 215.00, with a high estimate of 270.00 and a low estimate of 170.00. The median estimate represents a +53.49% increase from the last price of 140.07.
What's happening with Okta?
Okta reported a sparkling set of earnings for its fiscal year 2022 ended Jan. 31, 2022. Total revenue surged by 56% year over year to $1.3 billion, with subscription revenue climbing 57% year over year to $1.25 billion.
Is Okta undervalued?
Is Okta Inc Stock Undervalued? The current Okta Inc [OKTA] share price is $139.71. The Score for OKTA is 15, which is 74% below its historic median score of 50, and infers higher risk than normal. OKTA is currently trading in the 10-20% percentile range relative to its historical Stock Score levels.
What do analysts say about Okta stock?
Okta's analyst rating consensus is a 'Strong Buy.
Can Okta be hacked?
Even if you aren't familiar with Okta, you've probably used it. The digital login system is used by thousands of companies across the world to manage employee logins to various cloud services. Which makes it a real problem when that system, and all that login info, gets hacked.Apr 1, 2022
How many employees are at Okta?
5,030Okta / Number of employees (January 2022)
Analysts Estimate Okta (OKTA) to Report a Decline in Earnings: What to Look Out for
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Why Okta Stock Just Popped
Shares of cloud-based cyber identity-verifier Okta (NASDAQ: OKTA) jumped on Tuesday, and are up 2% as of noon ET. You can thank JMP Securities for that.
Cybersecurity 'is an important element' in Russia-Ukraine conflict: CrowdStrike CEO
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Okta (OKTA) Dips More Than Broader Markets: What You Should Know
Okta (OKTA) closed the most recent trading day at $189.41, moving -1.23% from the previous trading session.
Okta (OKTA) Outpaces Stock Market Gains: What You Should Know
Okta (OKTA) closed at $190.45 in the latest trading session, marking a +1.25% move from the prior day.
Glynn Capital Management Llc Buys Nu Holdings, Olo Inc, Okta Inc, Sells Atlassian Corporation ..
Menlo Park, CA, based Investment company Glynn Capital Management Llc (Current Portfolio) buys Nu Holdings, Olo Inc, Okta Inc, Block Inc, Sea, sells Atlassian Corporation PLC, Coupa Software Inc, CrowdStrike Holdings Inc, Veeva Systems Inc, Smartsheet Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Glynn Capital Management Llc..
About Okta
Okta, Inc. engages in the provision of identity management platform for the enterprise. It operates through United States and International geographical segments. The firm's products include single sign-on, multi factor authentication, API access management, authentication, user management, and lifecycle management.
Okta (NASDAQ:OKTA) Frequently Asked Questions
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 6 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Okta stock. View analyst ratings for Okta or view top-rated stocks.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
More About Okta Inc
Okta, Inc. addresses two primary security concerns via its workforce identity and customer identity solutions. The pureplay cybersecurity firm sells products to protect employees, contractors, and partners as well as its customers' end users.
How much is Okta notes in 2025?
The notes will carry an interest rate of 0.125% per year and be convertible into 5.2991 shares starting in 2025, representing a conversion price of $188.71 per share , or about 48% higher than yesterday's closing price. Here's why Okta stock is down on the offering. Image source: Getty Images.
How much of the 2025 notes went to institutional investors?
That also means that the bulk -- over 75% -- of the $1 billion worth of 2025 notes went to new institutional investors, which would predominantly be hedge funds implementing a convertible arbitrage investment strategy that entails buying convertible notes while simultaneously short-selling the underlying stock.