How to Buy Okta Stock

Okta Inc

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.

Okta stock last closed at $73.83, down 1.15% from the previous day, and has decreased 21.19% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.21 percentage points. Okta stock is currently +67.34% from its 52-week low of $44.12, and -33.45% from its 52-week high of $110.94.

At the moment, there are 162.36M shares of OKTA outstanding. The market cap of OKTA is $11.99B. In the past 24 hours, 6.57M OKTA shares were traded.

How to Buy Okta Stock

Wondering how to invest in Okta stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Pick your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  2. Enter your personal info to open your new trading account.
  1. Submit your details by clicking the "Create Account" button.
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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:

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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

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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/B ratio of 2.17x, relative to Software - Infrastructure industry P/B ratio of 11.98x

You can access additional valuation analysis on OKTA's stock here.

OKTA Financial Overview


  • Total OKTA debt is lower than 5 years ago, relative to shareholder equity.
  • 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.


  • OKTA profit margin has gone up by 0.32 percentage points in the past year, but the company is still unprofitable.
  • OKTA earnings of -$664.02M is not enough to cover its interest payments.
  • OKTA has a relatively high debt to equity ratio of 0.61.
  • OKTA's operating cash flow of $196.17M allows it to safely service it's debt of $1.97B.

Is Okta stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 30 sell side analysts who give recommendations on OKTA, the consensus analyst rating on Okta is a Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

Most Recent OKTA Analyst Ratings

Roger Boyd, a bottom 18% analyst from UBS maintains OKTA with a strong buy rating and lowers their OKTA price target from $100.00 to $95.00, on Jun 1, 2023.

Matthew Hedberg, a top 11% analyst from RBC Capital maintains OKTA with a buy rating and raises their OKTA price target from $110.00 to $112.00, on Jun 1, 2023.

Trevor Walsh, a top 11% analyst from JMP Securities reiterates OKTA with a buy rating and maintains their OKTA price target from $110.00 to $110.00, on Jun 1, 2023.

Brian Colley, a bottom 15% analyst from Stephens & Co. reiterates OKTA with a hold rating and maintains their OKTA price target from $84.00 to $84.00, on Jun 1, 2023.

Keith Bachman, a top 4% analyst from BMO Capital downgrades OKTA to a hold rating and lowers their OKTA price target from $94.00 to $85.00, on Jun 1, 2023.

You can dig deeper into what analysts are projecting on the Okta stock forecast page.

OKTA Technical Indicators

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How are OKTA Revenues/Earnings doing?

Last year, OKTA revenue was $1.96B. Over the past 5 year, OKTA's revenue has increased by 46.78% per year. This was faster than the Software - Infrastructure industry average of 17.72%.

Dive into OKTA's earnings and revenue performance here.

Are OKTA executives and large shareholders buying or selling the stock?

In the last 12 months, insiders at OKTA have sold more shares than they have bought.

Jacques Frederic Kerrest, Director of OKTA, was the latest OKTA insider to sell. They sold $7,599.00 worth of OKTA shares on Apr 24, 2023.

Get more info about who owns OKTA shares here.

Can I rely on OKTA as an income stream?

No, Okta doesn't provide an income stream by paying out dividends.

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Step 5: Execute your OKTA trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular price limit, use a limit order.

Press the Open button and eToro will place the order.

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Step 6: Get key alerts regarding your OKTA investment

Now that you own some OKTA shares, you'll want to keep up with your new stock purchase.

Add OKTA to a watchlist to get alerted to the latest events about your OKTA stock.


How to Buy Stock in Okta

To reiterate, here are the 6 steps to buy stock in Okta:

  1. Decide where to buy Okta stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Analyze Okta stock
  5. Execute your OKTA trade
  6. Get key alerts regarding your OKTA investment

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If you want to keep an eye on your investment in Okta, create a watchlist on WallStreetZen today.

$73.83-0.86 (-1.15%)
Updated Jun 2, 2023
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$73.83-0.86 (-1.15%)
Updated Jun 2, 2023
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How much does it cost to buy one Okta share?

As of Jun 2, 2023, it costs $73.83 to buy one share of Okta stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.135 shares of OKTA.

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Is now a good time to buy Okta stock?

According to 30 Wall Street analysts who monitor Okta, their consensus recommendation is to buy Okta stock.

What is the best way to buy Okta stock?

One way to place an order for Okta stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.