Okta (OKTA) & Its Competitors Head to Head Survey

Okta (NASDAQ: OKTA) is one of 112 publicly-traded companies in the “Software” industry, but how does it weigh in compared to its competitors? We will compare Okta to similar businesses based on the strength of its valuation, risk, earnings, profitability, dividends, institutional ownership and analyst recommendations.

Insider & Institutional Ownership

13.4% of Okta shares are owned by institutional investors. Comparatively, 57.6% of shares of all “Software” companies are owned by institutional investors. 17.8% of shares of all “Software” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares Okta and its competitors’ 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 -46.70% -25.02% -7.48%

Valuation and Earnings

This table compares Okta and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Okta $160.32 million -$83.50 million -23.03
Okta Competitors $2.20 billion $401.02 million 316.70

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

Analyst Recommendations

This is a breakdown of current ratings and price targets for Okta and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Okta 0 3 6 0 2.67
Okta Competitors 301 2139 4483 91 2.62

Okta presently has a consensus target price of $33.00, suggesting a potential upside of 24.58%. As a group, “Software” companies have a potential upside of 7.70%. Given Okta’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Okta is more favorable than its competitors.

Summary

Okta competitors beat Okta on 8 of the 12 factors compared.

Okta Company Profile

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.

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