Okta, Inc.
In the published model solve dated 2026-Q2, anchored at $146.95, Okta, Inc. (OKTA) is priced for today's economics sustained for ~24.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
At $117.86, only the growth-DCF family of methods reaches the price. The asset, earnings-power and peer-multiple methods all land far below: asset-based values cluster near a tenth of the price, earnings-power roughly a third, peer multiples under half. The price is a bet on durable compounding the static frames cannot see. The balance sheet is the steadiest part of the story. Okta holds about $2.59 billion in liquid assets against $350 million of gross debt, a net cash position near $2.24 bill
Is OKTA overvalued? See what's priced in →
707 institutional managers reported holding OKTA in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 44%. 89 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 7.9M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (1.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OKTA's share count grew 16.4% over the past five years even with $248.00M spent on repurchases. It pays no dividend. Cash returned over the past three years: $248.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at OKTA over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OKTA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-01 | +16.2% | -18.9% |
| 2023-12-02 | -7.7% | +12.4% |
| 2024-03-02 | +23.5% | -11.0% |
| 2024-05-31 | -7.6% | -2.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OKTA's latest 8-K filings: 2026-06-23 (items 5.02, 5.07, 9.01); 2026-05-28 (items 2.02, 7.01, 9.01); 2026-04-22 (items 5.02, 9.01); 2026-03-23 (items 5.02, 9.01); 2026-03-11 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.