Okta (OKTA) & Its Rivals Head-To-Head Comparison

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

Analyst Recommendations

This is a breakdown of current recommendations for Okta and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Okta 0 3 7 0 2.70
Okta Competitors 338 2227 4637 94 2.61

Okta presently has a consensus price target of $33.29, suggesting a potential upside of 14.07%. As a group, “Software” companies have a potential upside of 11.23%. Given Okta’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Okta is more favorable than its peers.

Valuation & Earnings

This table compares Okta and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Okta $160.32 million -$83.50 million -25.37
Okta Competitors $2.20 billion $402.78 million 238.29

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

Profitability

This table compares Okta and its peers’ 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 -46.26% -24.79% -7.39%

Insider & Institutional Ownership

15.6% of Okta shares are owned by institutional investors. Comparatively, 57.8% of shares of all “Software” companies are owned by institutional investors. 17.4% 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 company will outperform the market over the long term.

Summary

Okta peers 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.

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