Head-To-Head Analysis: Okta (OKTA) and The Competition

Okta (NASDAQ: OKTA) is one of 113 public companies in the “Software” industry, but how does it compare to its rivals? We will compare Okta to related businesses based on the strength of its risk, profitability, earnings, institutional ownership, analyst recommendations, dividends and valuation.

Earnings and Valuation

This table compares Okta and its rivals gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Okta $160.32 million -$83.50 million -23.48
Okta Competitors $2.20 billion $401.02 million 424.40

Okta’s rivals have higher revenue and earnings than Okta. Okta is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Okta and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Okta -46.70% -169.65% -35.59%
Okta Competitors -41.74% -20.96% -5.65%

Institutional and Insider Ownership

13.4% of Okta shares are held by institutional investors. Comparatively, 57.8% of shares of all “Software” companies are held by institutional investors. 17.4% of shares of all “Software” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Okta and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Okta 0 3 6 0 2.67
Okta Competitors 335 2207 4606 92 2.62

Okta currently has a consensus target price of $33.00, indicating a potential upside of 22.22%. As a group, “Software” companies have a potential upside of 9.13%. Given Okta’s stronger consensus rating and higher probable upside, research analysts plainly believe Okta is more favorable than its rivals.

Summary

Okta rivals beat Okta on 9 of the 12 factors compared.

About Okta

Okta, Inc. is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers. Its Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. The Okta for Developers include Complete Authentication, User Management, Application Programming Interface (API) Access Management and Developer Tools. The Company offers solutions, such as access applications across multiple domains; cloud applications on mobile devices; connecting to distributor and supplier identities; employee single sign-on (SSO) to applications; employee system of record; secure customer identity management; secure infrastructure and services, and mobile device lifecycle automation.

Receive News & Ratings for Okta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply