Okta, Inc. Class A (OKTA)

Okta's stock price has fluctuated, with a recent decrease of 10.50% over the past month but an increase of 4.86% over the past 12 months as of November 26, 2025. Historically, the stock tends to increase after earnings reports and in the two weeks leading up to them. The company's Q2 2026 results showed a 13% year-over-year revenue increase to $728 million, driven by new product adoption and strength in the public sector and Auth0, leading to an increased full-year fiscal 2026 revenue growth guidance of 10% to 11%.

While specific details on demand seasonality are not provided, there is strong and growing demand for Okta's identity and access management solutions, driven by the shift to remote work and the increasing need for robust security. Okta has seen strong demand for new solutions like Okta Identity Governance, Okta Privileged Access, and Okta Device Access, contributing to top-line growth. The company's platforms are utilized by a diverse range of customers, including enterprises, small and medium-sized businesses, universities, nonprofits, and government agencies.

Okta, Inc. is an American identity and access management (IAM) company providing cloud-native security solutions, operating in the Technology Services sector. It focuses on workforce and customer identity, offering services like Single Sign-On (SSO), Multi-Factor Authentication (MFA), and Identity Governance through its Workforce Identity and Customer Identity Cloud platforms. These solutions enable secure user authentication, access management, and integration of identity controls into applications.

Okta is headquartered in San Francisco, California, and maintains a global presence in North America, Asia-Pacific, and Europe. In addition to San Francisco, Okta has offices in other U.S. cities, including Bellevue, Chicago, New York, San Jose, and Washington. Internationally, it has offices in Sydney, Australia; Toronto, Canada; and Courbevoie, France.

Okta's brand reputation has been challenged by security incidents, including a phishing attack, a breach, and the theft of its GitHub source code in 2022, as well as a third-party vendor attack in 2023. The September 2023 attack against Okta's support portal affected all of its customer support clients. Okta is working to rebuild trust by strengthening its infrastructure, embedding secure-by-design principles, championing best practices, and investing $50 million in cybersecurity. In May 2024, Okta launched its largest global brand awareness campaign.

Okta's stock is held by a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion, approximately 64.81% or 36.10%, while insiders own about 0.51%, and public companies and individual investors account for 34.68% or 28.70%. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Fmr Llc, State Street Corp, Massachusetts Financial Services Company, UBS Asset Management AG, Geode Capital Management, LLC, and American Century Investment Management Inc. Vanguard Group Inc. owns the most shares of Okta.