Okta (OKTA) shares are trading at a stretched valuation, as suggested by the Value Score of F.  In terms of the forward 12-month Price/Sales (P/S), OKTA is trading at 4.55X, a premium compared with the Zacks Internet Software Services industry’s 2.68X. However, Okta is significantly undervalued in comparison to its closest peers, including Microsoft (MSFT) , Palo Alto Networks (PANW) and CrowdStrike (CRWD) . Microsoft, Palo Alto and CrowdStrike shares are trading at P/S of 10.56X, 13.21X and 17.99X, respect ...

Okta Inc (NASDAQ:OKTA) stock is 1.9% lower ahead of the opening bell, looking to start today's session around the $77 mark on the heels of a sour analyst note. Deutsche Bank downgraded the cybersecurity software stock to "hold" from "buy" and cut its price target from $115 to $85. The analyst cited mixed customer feedback and slower-than-expected growth as catalysts for the bear note.While most analysts were bearish on OKTA coming into today, there's still room for positive sentiment to unwind. Of the 36 co ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Company Analysis - Okta's stock is approximately 31% undervalued according to a DCF model [1] - The company successfully competes against Microsoft and has soaring revenue [1] - There is solid potential for Okta to improve profitability [1] - The company maintains a strong position despite being relatively young [1] Investment Strategy - The analysis focuses on high-quality names with reasonable valuations, not necessarily well-known companies [1] - The approach seeks long-duration growth opportunities while balancing the portfolio with low-volatility dividend-paying stocks [1] - The analysis emphasizes fundamentals, business and strategic perspectives, and financial performance [1] - The strategy avoids excessively cheap stocks due to potential underlying issues [1]

Shares of Okta (OKTA) have gained 0.1% over the past four weeks to close the last trading session at $76.61, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $99.41 indicates a potential upside of 29.8%.The mean estimate comprises 32 short-term price targets with a standard deviation of $16.02. While the lowest estimate of $75 indicates a 2.1% decline from the current price level ...

Okta (OKTA) closed the most recent trading day at $74.07, moving +1.13% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 1.43%.Coming into today, shares of the cloud identity management company had gained 1.99% in the past month. In that same time, the Computer and Technology sector lost 0.04%, while the S&P 500 lost 0.54%.The investment community will be paying close attention to the e ...

Okta (NASDAQ: OKTA ) has underperformed the broader market as of late as the software sector experienced elevated volatility. Investors (including yours truly) had grown quite optimistic about OKTA's prospects after leading indicators seemed to imply an acceleration in revenueJulian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented princip ...

Okta (OKTA) shares have declined 20.2% year to date (YTD), underperforming the broader Zacks Computer & Technology sector's return of 26.3%. It has also lagged the Zacks Internet Software and Services industry, which has declined 7.8% over the same timeframe. OKTA has been suffering from a challenging macroeconomic environment that has negatively impacted its business mix. Constrained budgets are hurting both the Customer Identity and Workforce Identity businesses. In second-quarter fiscal 2025, the trailin ...

Okta (OKTA) closed at $72.15 in the latest trading session, marking a -0.01% move from the prior day. This change lagged the S&P 500's daily gain of 0.22%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq gained 0.76%.Shares of the cloud identity management company witnessed a loss of 3.61% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.29% and the S&P 500's gain of 1.47%.Analysts and investors alike will be keeping a close eye on th ...

LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- More than 50% of executives expect deepfake attacks to increase over the next 12 months, but only 7% report using new technologies to detect deepfakes*. Meanwhile, researchers are repeatedly demonstrating how AI-generated ID documents, selfie photos, and videos can successfully fool antiquated Know Your Customer (KYC) verification checks. To address this gaping security hole, Nametag Inc., the leading provider of integrated identity verification and account prote ...