How to Buy Okta Stock
Okta Inc
Okta, Inc. delivers comprehensive identity management solutions tailored for a diverse clientele, including large corporations, small and medium-sized businesses, educational institutions, charitable organizations, and governmental bodies, operating both within the United States and globally.
Okta stock last closed at $117.81, up 4.23% from the previous day, and has increased 19% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.01 percentage points. Okta stock is currently +88.01% from its 52-week low of $62.66, and -17.24% from its 52-week high of $142.35.
At the moment, there are 173.81M shares of OKTA outstanding. The market cap of OKTA is $20.48B. In the past 24 hours, 8.27M OKTA shares were traded.
How to Buy Okta Stock
Wondering how to invest in Okta stock? Here's how.
- Decide where to buy Okta stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Okta stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Okta stock: The Okta ticker symbol is OKTA. Is Okta stock a good investment? Should you buy shares of OKTA? How do OKTA's underlying business fundamentals look? Do top analysts think Okta is a good buy? Why has OKTA's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if OKTA is a good stock to buy).
- Execute your OKTA trade: Decide if you will purchase OKTA shares at the current market price or use a limit order to buy OKTA shares at a given price.
- Get key alerts regarding your OKTA investment: Create a watchlist to watch your investment in Okta stock.
Step 1: Decide where to buy Okta stock
You will need a brokerage account in order to access the NASDAQ market and buy OKTA stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world markets: From Technology to Utilities, New York to Tokyo (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you are able to invest in OKTA stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring money into your investment account.
Step 4: Analyze Okta stock
After you have selected the best place to buy Okta stock, it's crucial to analyze their stock before you invest, so you truly wrap your head around the risk and opportunity.
Okta Numbers
OKTA Due Diligence Checks
WallStreetZen was built to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on OKTA's stock page.
Is OKTA stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OKTA's fair value.
Using relative valuations measures:
- OKTA may be undervalued based on its P/E ratio of 84.76x, relative to Software - Infrastructure industry P/E ratio of -216.88x
- OKTA could be undervalued based on its P/B ratio of 2.97x, relative to Software - Infrastructure industry P/B ratio of 7.62x
- OKTA could be overvalued based on its PEG ratio of 1.83x
You can access additional valuation analysis on OKTA's stock here.
A look at OKTA Cashflows and Balance Sheet
Pros:
- OKTA has a low debt to equity ratio of 0.36.
- OKTA earnings of $269.00M is not enough to cover its interest payments.
- OKTA's operating cash flow of $920.00M allows it to safely service it's debt of $411.00M.
- OKTA profit margin has gone up from 4.8% to 8.2% in the past year.
- There are more short-term assets than long-term liabilities on the OKTA balance sheet.
- There are more short-term assets than short-term liabilities on the OKTA balance sheet.
- Total OKTA debt is lower than 5 years ago, relative to shareholder equity.
Is OKTA stock a Buy, Hold, or Sell, according to analysts?
Out of 25 sell side analysts who give recommendations on OKTA, the consensus analyst rating on Okta is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest OKTA Analyst Ratings
Rudy Kessinger, a top 9% analyst from DA Davidson maintains OKTA with a strong buy rating and raises their OKTA price target from $110.00 to $130.00, on May 29, 2026.
Kingsley Crane, a top 25% analyst from Canaccord Genuity maintains OKTA with a strong buy rating and raises their OKTA price target from $95.00 to $115.00, on May 29, 2026.
Canaccord Genuity's Kingsley Crane raised their price target on Okta (NASDAQ: OKTA) by 21.1% from $95 to $115 on 2026/05/29. The analyst maintained their Strong Buy rating on the stock.
Okta reported its Q1 2027 earnings.
Raising their price target, Crane cited the quarter's "strong" results.
Looking ahead, the analyst said:
- Okta is a unique, independent identity security platform asset in public markets.
- The stock's risk/reward is favorable at current levels with valuation reasonable at 15x EV/CY27E FCF
- "Ongoing identity security prioritization within enterprises and a budding agentic AI story are creating revenue growth green shoots."
Earnings Report
For Q1 2027, Okta reported:
- EPS of $0.91, which beat the Zacks Consensus Estimate by 6.75% and Q1 2026's $0.86.
- Revenue of $765M, which beat the Zacks Consensus Estimate by 1.82% and was up 11.2% Y/Y.
Management guided:
For Q2 2027:
- EPS of $0.95 to $0.97.
- Revenue of $790M to $794M.
For FY 2027:
- EPS of $3.79 to $3.87.
- Revenue of 3.185B to $3.205.
CEO Todd McKinnon commented: “AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users.
“We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise.”
Fatima Boolani, a top 7% analyst from Citigroup maintains OKTA with a hold rating and raises their OKTA price target from $87.00 to $105.00, on May 29, 2026.
Junaid Siddiqui, a top 18% analyst from Truist Securities reiterates OKTA with a strong buy rating and raises their OKTA price target from $100.00 to $120.00, on May 29, 2026.
Matthew Hedberg, a top 3% analyst from RBC Capital maintains OKTA with a buy rating and raises their OKTA price target from $108.00 to $122.00, on May 29, 2026.
You can dig deeper into what analysts are projecting on the Okta stock forecast page.
OKTA Momentum
How are OKTA Revenues/Earnings doing?
Last year, OKTA earnings were $247.00M. Over the last 1 years, OKTA's earnings have increased by 82.89% per year. This was faster than the Software - Infrastructure industry average of 36.46%.
Last year, OKTA revenue was $3.00B. During the past 5 year, OKTA's revenue has gone up by 27.1% per year. This was faster than the Software - Infrastructure industry average of 19.25%.
Learn more about OKTA's earnings and revenue performance here.
Are OKTA insiders buying or selling the stock?
In the past year, executives and large shareholders at OKTA have sold more shares than they have bought.
Brett Tighe, Chief Financial Officer of OKTA, was the latest OKTA insider to sell. They sold $3,330,580.97 worth of OKTA shares on Jun 8, 2026.
Dig into more about who owns OKTA stock here.
Does OKTA stock generate passive income?
No, Okta doesn't provide an income stream by paying out dividends.
What others are saying about OKTA
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your OKTA trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you require additional help buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your OKTA investment
Now that you own some shares in OKTA, you'll want to keep up with your new company.
Create a watchlist to monitor your OKTA stock.
OKTA Feed
How to Buy Stock in Okta
To reiterate, here are the 6 steps to buy Okta stock:
- Decide where to buy Okta stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Okta stock
- Execute your OKTA trade
- Get key alerts regarding your OKTA investment
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Okta, hit the button below to create your watchlist.
Trending "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.