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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$213.36 – a decrease of 4.08% over the previous week. Here's how to invest if you're based in Australia.
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$213.36, 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.
Okta share priceUse our graph to track the performance of OKTA stocks over time.
Okta shares at a glance
|52-week range||US$175.842 - US$294|
|50-day moving average||US$241.3182|
|200-day moving average||US$248.8163|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$-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 month (2021-05-14)||-6.93%|
|3 months (2021-03-12)||-6.01%|
|6 months (2020-12-14)||-15.18%|
|1 year (2020-06-12)||19.04%|
|2 years (2019-06-14)||65.46%|
|3 years (2018-06-14)||304.01%|
Is Okta under- or over-valued?
Valuing Okta stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Okta's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Okta's PEG ratio
Okta's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 261.45. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Okta's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||US$903.6 million|
|Gross profit TTM||US$617.7 million|
|Return on assets TTM||-5.39%|
|Return on equity TTM||-58.02%|
|Market capitalisation||US$33.2 billion|
TTM: trailing 12 months
Shorting Okta shares
There are currently 5.9 million Okta shares held short by investors – that's known as Okta's "short interest". This figure is 6.4% down from 6.3 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 1.7 million). Okta's SIR currently stands at 3.44. In other words for every 100,000 Okta shares traded daily on the market, roughly 3440 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 0.04% of the outstanding shares (for every 100,000 Okta shares in existence, roughly 40 shares are currently held short) or 0.041% of the tradable shares (for every 100,000 tradable Okta shares, roughly 41 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$175.842 up to US$294. 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 0.9652. This would suggest that Okta's shares are less volatile than average (for this exchange).
Okta, Inc. provides identity management platform 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 incorporated in 2009 and is headquartered in San Francisco, California.
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