Added to YB: 2025-05-30
Pitch date: 2025-03-31
OKTA [neutral]
Okta, Inc.
-23.13%
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
$104.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
42.95
P/E
60.35
EV/Sales
4.08
Sector
IT Services
Category
growth
Sands Capital Technology Innovators Fund Portfolio Holding: Okta, Inc.
OKTA (holding update): Leading enterprise identity software, cRPO +15% YoY (+230bps QoQ) & fastest growth in 4 quarters. Quarterly bookings topped $1B total contract value for first time. New products = 20% of bookings. Broadening product suite improving execution on enterprise customer strategy.
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