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Added to YB: 2021-07-25

Pitch date: 2021-07-25

OKTA [bullish]

Okta, Inc.

-68.63%

current return

Author Info

Sleep Well Investments shares deep dives into time-tested businesses with high reinvestment potential. Get their premium stock pitches for 20% off.

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

$256.80

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:
Okta's Vision For The Next Decade

OKTA: Aiming to be the essential "primary cloud" for identity over next decade. Launched PAM & IGA products to expand platform capabilities. Auth0 acquisition doubles customer ID biz, adds developer tools & global reach. Identity connects all tech, enables massive TAM expansion. Trades at $35B, huge opportunity ahead.

Read full article (17 min)