Okta, Inc. Class A (OKTA)

Over the past year, Okta's share price has declined by 15.7%. In September 2025, the stock surged following a well-received second-quarter earnings report. In December 2025, Okta reported strong third-quarter earnings and raised its forecasts for fiscal year 2026. In January 2026, Stephens upgraded Okta's stock rating, and Okta announced a $1 billion share repurchase program. In February 2026, Okta's shares surged, and the company expanded its partnership with the PGA of America.

There is no explicit information indicating significant seasonality in the demand for Okta's products and services. The demand for Okta's identity and access management solutions appears to be consistently strong and growing, driven by the increasing adoption of AI and cloud technologies.

Okta, Inc. is an American identity and access management company founded in 2009. It provides cloud software for managing and securing user authentication and assists developers in building identity controls. Okta's products include Single Sign-On, Multi-Factor Authentication, API Access Management, Workforce Identity Cloud, Customer Identity Cloud (Auth0), Okta Identity Governance, Okta Privileged Access, Okta Device Access, Identity Security Posture Management, Identity Threat Protection with Okta AI, and Fine-Grained Authorization.

Okta serves customers worldwide and is headquartered in San Francisco, California. The United States is its largest revenue-generating region, followed by North America, EMEA, and APAC. Okta has additional offices in various locations across the United States, Australia, Canada, and France.

Okta's brand reputation has faced challenges due to cybersecurity incidents, including phishing attacks, breaches, and attacks on customer environments. A notable incident in September 2023 impacted all customer support clients, leading to downstream victims. Okta has committed to security enhancements and reorienting its focus around security as a top priority.

Major institutional holders of Okta, Inc. include BlackRock, Inc., The Vanguard Group, Inc., Fmr Llc, and State Street Corp. Founders Todd McKinnon and Frederic Kerrest also retain significant individual stakes in the company.