Professional
Added to YB: 2024-11-20
Pitch date: 2024-09-30
OKTA [bullish]
Okta, Inc.
+7.96%
current return
Author Info
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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
$14.0B
Pitch Price
$74.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
42.95
P/E
60.35
EV/Sales
4.08
Sector
IT Services
Category
growth
Meridian Growth Fund Added On Portfolio Holding: Okta, Inc.
OKTA (increased position): Leading identity software co. w/ 7000+ integrations. Beat earnings, raised guidance, but stock down on FY26 growth concerns. Historically conservative guidance, consistent overdelivery. Strong fundamentals. Added to position on market overreaction.
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