How to Buy Okta Stock
Okta Inc
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.
Okta stock last closed at $92.46, down 5.59% from the previous day, and has decreased 0.84% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.52 percentage points. Okta stock is currently +31.04% from its 52-week low of $70.56, and -21.69% from its 52-week high of $118.07.
At the moment, there are 173.6M shares of OKTA outstanding. The market cap of OKTA is $16.05B. In the past 24 hours, 2.24M OKTA shares were traded.
How to Buy Okta Stock
Wondering how to invest in Okta stock? Here's how.
- Decide where to buy Okta stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Okta stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Okta stock: The Okta ticker symbol is OKTA. Is Okta stock a good investment? Should you buy shares of OKTA? How do OKTA's underlying business fundamentals look? Do top analysts think Okta is a good buy? Why has OKTA's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if OKTA is a good stock to buy).
- Execute your OKTA trade: Decide if you will purchase OKTA shares at the current market price or use a limit order to buy OKTA shares at a given price.
- Get key alerts regarding your OKTA investment: Create a watchlist to watch your investment in Okta stock.
Step 1: Decide where to buy Okta stock
You will need a brokerage account in order to access the NASDAQ market and buy OKTA stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you are able to invest in OKTA stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new trading account.
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Step 3: Fund your brokerage account
Now that you've opened your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring money into your investment account.
Step 4: Analyze Okta stock
After you have selected the best place to buy Okta stock, it's crucial to analyze their stock before you invest, so you truly wrap your head around the risk and opportunity.
Okta Numbers
OKTA Due Diligence Checks
WallStreetZen was built to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on OKTA's stock page.
Is OKTA stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OKTA's fair value.
Using relative valuations measures:
- OKTA may be undervalued based on its P/E ratio of 577.88x, relative to Software - Infrastructure industry P/E ratio of -61.61x
- OKTA could be undervalued based on its P/B ratio of 2.51x, relative to Software - Infrastructure industry P/B ratio of 9.29x
- OKTA could be overvalued based on its PEG ratio of 4.44x
You can access additional valuation analysis on OKTA's stock here.
A look at OKTA Cashflows and Balance Sheet
Pros:
- OKTA's operating cash flow of $750.00M allows it to safely service it's debt of $952.00M.
- OKTA profit margin has gone up from -15.7% to 1.1% in the past year.
- OKTA earnings of $51.00M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the OKTA balance sheet.
- Total OKTA debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the OKTA balance sheet.
Cons:
- OKTA has a relatively high debt to equity ratio of 0.47.
Is OKTA stock a Buy, Hold, or Sell, according to analysts?
Out of 29 sell side analysts who give recommendations on OKTA, the consensus analyst rating on Okta is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest OKTA Analyst Ratings
Joel Fishbein, a top 7% analyst from Truist Securities maintains OKTA with a hold rating and raises their OKTA price target from $92.00 to $100.00, on Mar 4, 2025.
Fatima Boolani, a top 7% analyst from Citigroup maintains OKTA with a hold rating and raises their OKTA price target from $100.00 to $110.00, on Mar 4, 2025.
Citigroup's Fatima Boolani raised their price target on Okta (NASDAQ: OKTA) by 10% from $100 to $110 on 2025/03/04. The analyst maintained their Hold rating on the stock.
Okta reported its Q4 and FY 2025 earnings.
Boolani said the quarter "delivered key performance indicator upside across the board."
The analyst characterized the results as "solidly above" estimates and prior guidance, easing concerns about Okta's net recurring revenue compression.
Earnings Report
Okta reported:
For Q4 2025:
- EPS of $0.78, which beat the Zacks Consensus Estimate of $0.73 and Q4 2024's $0.63.
- Revenue of $682M, which beat the Zacks Consensus Estimate by 1.97% and Q4 2024's $605M.
For FY 2025
- EPS of $2.81, up from FY 2024's $1.60.
- Revenue of $2.61B, up 15% Y/Y.
Management guided:
For Q1 2026:
- EPS of $0.76 to $0.77.
- Revenue of $678M to $680M, representing 10% Y/Y growth.
For FY 2026:
- EPS of $3.15 to $3.20.
- Revenue of $2.850B to $2.86B, representing 9% to 10% Y/Y growth.
CEO Todd McKinnon commented: “Okta’s strong financial results were highlighted by accelerating RPO and cRPO, coupled with record profitability and cash flow.
“In a rapidly evolving IT and security landscape, organizations are turning to Okta as their identity partner for our ability to deliver the broadest array of modern identity security with the flexibility to meet their demands.
"We’re entering the new fiscal year laser-focused on serving our customers with even more innovation on the Okta and Auth0 platforms while further elevating the industry with the Okta Secure Identity Commitment.”
Shaul Eyal, a top 5% analyst from Oppenheimer maintains OKTA with a buy rating and raises their OKTA price target from $125.00 to $135.00, on Mar 4, 2025.
Matthew Hedberg, a top 2% analyst from RBC Capital maintains OKTA with a buy rating and raises their OKTA price target from $115.00 to $120.00, on Mar 4, 2025.
Shrenik Kothari, a top 6% analyst from Baird maintains OKTA with a buy rating and raises their OKTA price target from $115.00 to $130.00, on Mar 4, 2025.
You can dig deeper into what analysts are projecting on the Okta stock forecast page.
OKTA Momentum
How are OKTA Revenues/Earnings doing?
Last year, OKTA revenue was $2.61B. Over the last 5 year, OKTA's revenue has increased by 34.82% per year. This was faster than the Software - Infrastructure industry average of 17.42%.
You can research OKTA's earnings and revenue performance here.
Latest Insiders Trades at OKTA
In the past year, insiders at OKTA have sold more shares than they have bought.
Jonathan James Addison, Chief Revenue Officer of OKTA, was the latest OKTA insider to sell. They sold $708,835.95 worth of OKTA stock on Apr 11, 2025.
Get more info about who owns OKTA stock here.
Does OKTA stock generate passive income?
No, Okta doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your OKTA trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and eToro will execute the order.
If you require additional help investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your OKTA investment
Now that you own some shares in OKTA, you'll want to stay up-to-date on your company.
Create a watchlist to get the latest updates about your OKTA stock.
OKTA Feed
How to Buy Stock in Okta
To reiterate, here are the 6 steps to buy stock in Okta:
- Decide where to buy Okta stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Okta stock
- Execute your OKTA trade
- Get key alerts regarding your OKTA investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Okta, hit the button below to create your watchlist.
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