Okta Inc - Ordinary Shares - Class A

Okta Inc - Ordinary Shares - Class A

OKTA

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Market Cap$19.32B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Okta Inc - Ordinary Shares - Class AOkta Inc - Ordinary Shares - Class A82.9-2610%9.70.3

Earnings Call Q1 2027

May 28, 2026 - AI Summary

FY27 financial outlook (guidance) is solid; FY27 revenue growth expected ~9–10% - Q2 FY27 guidance: Total revenue growth +9% YoY, current RPO +11%, non-GAAP operating margin 26%, free cash flow margin 20–21%. - Full-year FY27 guidance: Total revenue growth +9–10%, non-GAAP operating margin 25–26%, free cash flow margin 27–28%. - Headwinds baked into guidance: ~1 point of FY27 revenue impact from shifting more professional services to partners (GSIs) (starts to materialize in Q2). - FCF headwind baked into guidance: ~1 point impact from lower interest income due to stock repurchases and planned cash settlement of remaining 2026 notes.
Strong early performance + durability; bookings momentum broad-based - Management emphasized a strong start to FY27, with broad-based execution in pipeline build, sales productivity, and low AE attrition. - New products portfolio ~25% of Q1 bookings, up meaningfully vs Q1 last year. - New products included → ~40% ACV uplift (internal uplift metric cited). - Durability framing: leaders argue identity spending is “infrastructure-like” (hard to rip/replace once installed), supporting sustainability even amid AI hype.
AI “agentic identity” is the core strategic growth narrative, but it’s still early for revenue contribution - Todd expects enterprises are deploying agents already, but most are currently laying “rails” for governed, secure adoption rather than fully monetizing at scale. - Example cited: dev teams are viewing agents but initially using static tokens / “non-secure” setups—customers are now working on monitoring, secure connections, and multi-platform governance. - Important caution/negative: management explicitly said AI agent products were not materially contributing to Q1 results (only minimal contribution; reflected only lightly in guide). - Opportunity is still large: pipeline and strategic importance are high, but timing to material revenue depends on customers building these governance/enforcement foundations.

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$108.33

Target Price by Analysts

6.8% downsideOkta Target Price DetailsTarget Price
$193.84

Current Fair Value

66.7% upside

Undervalued by 66.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$19.32 Billion
Enterprise Value$19.32 Billion
Dividend Yield$- (-)
Earnings per Share$1.34
Beta0.79
Outstanding Shares176,129,000

Return

Return on Equity2610.04%ROE
Return on Assets1926.47%
Return on Invested Capital2232.28%

Valuation & Multiples

P/E Ratio82.92P/E Ratio
PEG0.07PEG
Price to Sales9.69Price to Sales
Price to Book Ratio-Price to Book Ratio
Enterprise Value to Revenue8.52
Enterprise Value to EBIT123.02
Enterprise Value to Net Income107
Total Debt to Enterprise0
Debt to Equity0.31Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 28, 2026
EPS Estimate
$0.85
Average shareholder expectation
Revenue Estimate
$751.84 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 25, 2026
EPS Estimate
$0.96
Average shareholder expectation
Revenue Estimate
$793.05 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1998 5.57%
Total Calls4,839,442 9.25%
Total Puts5,806,600 4.84%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %88.79% 1.97%
Total Invested$12.38B 5.92%
Investors Holding776 17.00%

ESG Score

No data

About Okta Inc

CEO: Todd McKinnon

Relevant Senate Committees

Joint Committee on Taxation

As the primary body for tax policy analysis and scoring, this committee's insights into impending tax legislation, corporate tax reforms, or specific tax incentives (e.g., for R&D) are directly material to Okta's financial outlook and corporate strategy.

Finance

This powerful committee controls taxation and trade policy. Decisions on corporate tax rates, R&D credits, and other fiscal policies directly impact Okta's profitability, investment capacity, and overall financial valuation.

Appropriations

This committee allocates discretionary federal spending. Its subcommittees determine the precise funding for defense, scientific research, and other federal programs, directly influencing government IT budgets and potential contracts for cybersecurity vendors like Okta.

Judiciary

This committee oversees antitrust laws, intellectual property, and the DOJ. Decisions on tech mergers, enforcement of competition laws, and intellectual property rights are critical for software companies and the broader tech landscape in which Okta operates.

Armed Services

This committee oversees the Department of Defense (DoD) and authorizes the annual NDAA. The DoD is a massive consumer of cybersecurity and identity management technology. Funding decisions and strategic priorities outlined by this committee directly impact potential revenue streams for companies like Okta.

Select Committee on Intelligence

Members receive classified briefings on global threats, including cyber warfare and cybersecurity vulnerabilities. Such information is highly material to cybersecurity firms like Okta, providing insight into demand drivers or specific threat landscapes.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, including technology and telecommunications. It directly impacts 'Big Tech' through privacy regulations (e.g., FTC oversight), which are highly relevant to Okta's identity management and data security offerings.

Homeland Security and Governmental Affairs

This committee oversees federal government operations and the Department of Homeland Security, which are significant customers for cybersecurity and identity management solutions like Okta's. Information regarding federal IT contracts, security directives, or government-wide technology initiatives would be highly material.