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Added to YB: 2026-04-13

Pitch date: 2026-04-10

OKTA [neutral]

Okta, Inc.

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

$11.1B

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

32.60

P/E

47.98

EV/Sales

3.09

Sector

IT Services

Category

growth

Show full summary:
Day sixteen: Okta $OKTA

OKTA (overview): Leading IAM platform w/ $3bn ARR (+11% YoY), 106% NRR, 6% GAAP op margin at 3.4x EV/ARR. Bear: melting ice cube as MSFT bundles eat share, unclear agent identity positioning vs newer platforms. Bull: AI expands TAM, deep SaaS integrations, technical CEO. AI traction minimal; facing Auth0 challengers (Clerk, WorkOS) & agent security startups (Oasis +60% hiring). Early-access AI Agents product just launched.

Read full article (3 min)