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Added to YB: 2024-11-20

Pitch date: 2024-09-30

OKTA [bullish]

Okta, Inc.

+7.96%

current return

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

$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

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)