Okta, Inc. Class A (OKTA)

Okta's stock price has declined over the past six months. As of March 23, 2026, the stock was down 30.31% over the past 12 months. After reporting Q4 FY26 earnings on March 4, 2026, shares declined by 1.1% due to forward guidance indicating no revenue acceleration, leading to analyst downgrades. Previously, Q3 CY2025 results surpassed revenue expectations, but concerns about sustainability led to a negative market reaction.

Okta exhibits some seasonal trading patterns. January has historically been the strongest month, with an average return of 7.15%, while September tends to be the weakest month, with an average return of -3.56%. The consistency of this seasonal pattern is considered poor.

Okta, Inc., co-founded in 2009 by Todd McKinnon and Frederic Kerrest, is an identity management company operating in the IT, internet, and software sectors. It is a leader in the IDaaS market, connecting individuals with technology through user authentication and application access solutions. Okta's platform secures identities, while Auth0 focuses on customer identity experiences. Their IAM solutions include SSO, MFA, and Lifecycle Management. Newer offerings like Okta Identity Governance and Okta for AI Agents are gaining traction and contributing to bookings.

Okta has a global presence with its headquarters in San Francisco and offices in 15 countries. The United States is Okta's largest revenue-generating region, accounting for approximately 44.29% of its total revenue in fiscal year 2026. Other significant regions contributing to revenue include Asia Pacific and Europe.

Okta's brand reputation has been impacted by multiple security incidents, including a breach of its third-party support provider in 2022 and a breach in its support case management system in October 2023. These incidents, along with other attacks, have hurt customer sentiment and potentially impacted future sales. Okta is enhancing its infrastructure and prioritizing security to rebuild trust.

Okta's ownership is predominantly held by institutional investors. As of March 27, 2026, there were 823 institutional owners holding 154,869,401 shares. Major shareholders include BlackRock, Inc., Vanguard Group Inc, and Fmr Llc. Founders Todd McKinnon and Frederic Kerrest also retain significant individual stakes.