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Added to YB: 2024-11-20

Pitch date: 2024-09-30

OKTA [bullish]

Okta, Inc.

+18.2%

current return

Author Info

No bio for this author

Company Info

Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta’s suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.

Market Cap

$14.8B

Pitch Price

$74.62

Price Target

N/A

Dividend

N/A

EV/EBITDA

64.88

P/E

100.36

EV/Sales

4.66

Sector

IT Services

Category

growth

Show full summary:
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.

Read full article (1 min)