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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 ...
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1] Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day. The list is expressed in USD millions, using exchange rates from ...
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 ...
The Buffett indicator (or the Buffett metric, or the Market capitalization-to-GDP ratio) [1] is a valuation multiple used to assess how expensive or cheap the aggregate stock market is at a given point in time. [1][2] It was proposed as a metric by investor Warren Buffett in 2001, who called it "probably the best single measure of where ...