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In 2017, Okta's initial public offering priced at $17.00 per share, trading up on its first day, to raise an additional US$187 million. [14] [15] At the time of its IPO, Sequoia Capital was the biggest shareholder, with a 21.2 percent stake. [16] In January 2019, Okta's CEO announced that the company has over 100 million registered users. [17]
Okta co-founder and CEO Todd McKinnon says macroeconomic uncertainty has weighed on the demand for software throughout 2024. "What's different is that companies are being careful with their money.
Okta also called for cRPO growth of just 9%, indicating a possible slowdown in demand. On the bottom line, it sees adjusted earnings per share of $0.57-$0.58, slightly ahead of estimates at $0.55.
August 29, 2024 at 12:15 AM. Logo of jester cap with thought bubble. Image source: The Motley Fool. Okta (NASDAQ: OKTA) Q2 2025 Earnings Call. Aug 28, 2024, 5:00 p.m. ET.
The Russell 1000 Index is a U.S. stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. As of 31 December 2023 [update] , the stocks of the Russell 1000 Index had a weighted average market capitalization of $666.0 billion and a median ...
Rank Organization Sales (B$) FY Market cap (B$) Headquarters 1 Microsoft: 211 2023 3,148 Redmond, Washington, US : 2 Google: 282.11 2023 2,170 Mountain View, California, US : 3
Okta's Q2 revenue jumped 16% year over year to $646 million, while subscription revenue climbed 17% to $632 million. Adjusted earnings per share (EPS) surged from $0.31 a year ago to $0.72 ...
Market cap is given by the formula =, where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. [ 8 ] For example, if a company has 4 million common shares outstanding and the closing price per share is $20, its market capitalization is then $80 million.