Added to YB: 2026-04-21
Pitch date: 2026-04-21
OKTA [bullish]
Okta, Inc.
+81.28%
current return
Author Info
CEO Watcher tracks insider trades (and calculates the track record of every insider) to find the highest signal trades. Looking for dip buys, reversals, cluster buys, insider with a strong track record, etc. Sign up for the newsletter.
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
$24.4B
Pitch Price
$78.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
75.56
P/E
101.71
EV/Sales
7.42
Sector
IT Services
Category
value
Top insider trades (Tue, Apr 21) - Okta, Inc. (OKTA)
OKTA (added to position, filled $76.50): Identity software down 40% from highs, 3.5x EV/S (-37% vs 5.5x 5y median). Director's first-ever $267K buy + $1B buyback (Jan, called stock cheap). $2.2B net cash, GAAP profitable, $319M FCF-SBC. Bear: AI cuts headcount; bull: AI agents need identity security. Slow 9% rev growth but cheap w/ bullish insiders.
Read full article (2 min)