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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

Show full summary:
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.

Read full article (1 min)