Okta, Inc is a software—infrastructure business with stocks listed in the US. Okta shares (OKTA) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was US$211.86 – an increase of 9.68% over the previous week.
How to buy shares in Okta
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Okta. Find the share by name or ticker symbol: OKTA. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Okta reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$211.86, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Okta, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Okta. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
How has coronavirus impacted Okta's share price?
Since the stock market crash in March caused by coronavirus, Okta's share price has had significant positive movement.
Its last market close was US$211.86, which is 36.94% up on its pre-crash value of US$133.59 and 138.96% up on the lowest point reached during the March crash when the shares fell as low as US$88.66.
If you had bought US$1,000 worth of Okta shares at the start of February 2020, those shares would have been worth US$915.23 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth US$1,637.68.
Okta share priceUse our graph to track the performance of OKTA stocks over time.
Okta shares at a glance
|Latest market close||USD$211.86|
|52-week range||USD$88.66 - USD$231.29|
|50-day moving average||USD$206.7282|
|200-day moving average||USD$177.604|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-1.389|
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Is it a good time to buy Okta stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Okta price performance over time
|1 week (2020-09-12)||N/A|
|1 month (2020-08-21)||1.67%|
|3 months (2020-06-23)||8.30%|
|6 months (2020-03-23)||78.94%|
|1 year (2019-09-20)||99.57%|
|2 years (2018-09-21)||209.28%|
|3 years (2017-09-21)||620.61%|
|5 years (2015-09-19)||N/A|
|Revenue TTM||US$703.7 million|
|Gross profit TTM||US$426.7 million|
|Return on assets TTM||-5.67%|
|Return on equity TTM||-49.52%|
|Market capitalisation||US$25.3 billion|
TTM: trailing 12 months
Shorting Okta shares
There are currently 6.5 million Okta shares held short by investors – that's known as Okta's "short interest". This figure is 3.2% down from 6.8 million last month.
There are a few different ways that this level of interest in shorting Okta shares can be evaluated.
Okta's "short interest ratio" (SIR)
Okta's "short interest ratio" (SIR) is the quantity of Okta shares currently shorted divided by the average quantity of Okta shares traded daily (recently around 1.5 million). Okta's SIR currently stands at 4.48. In other words for every 100,000 Okta shares traded daily on the market, roughly 4480 shares are currently held short.
However Okta's short interest can also be evaluated against the total number of Okta shares, or, against the total number of tradable Okta shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Okta's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Okta shares in existence, roughly 50 shares are currently held short) or 0.0569% of the tradable shares (for every 100,000 tradable Okta shares, roughly 57 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Okta.
Find out more about how you can short Okta stock.
Okta share dividends
We're not expecting Okta to pay a dividend over the next 12 months.
Okta share price volatility
Over the last 12 months, Okta's shares have ranged in value from as little as US$88.66 up to US$231.29. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Okta's is 0.9492. This would suggest that Okta's shares are less volatile than average (for this exchange).
Okta, Inc. provides identity management platforms for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; and Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials. It also provides Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Advanced Server Access to secure cloud infrastructure; and Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications. In addition, the company offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.
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