Added to YB: 2026-04-13
Pitch date: 2026-04-10
OKTA [neutral]
Okta, Inc.
Author Info
No bio for this author
Company Info
Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization’s cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform’s secure access management to the device login experience; Universal Directory for a cloud-based system of record.
Market Cap
$11.1B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.60
P/E
47.98
EV/Sales
3.09
Sector
IT Services
Category
growth
Day sixteen: Okta $OKTA
OKTA (overview): Leading IAM platform w/ $3bn ARR (+11% YoY), 106% NRR, 6% GAAP op margin at 3.4x EV/ARR. Bear: melting ice cube as MSFT bundles eat share, unclear agent identity positioning vs newer platforms. Bull: AI expands TAM, deep SaaS integrations, technical CEO. AI traction minimal; facing Auth0 challengers (Clerk, WorkOS) & agent security startups (Oasis +60% hiring). Early-access AI Agents product just launched.
Read full article (3 min)