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Added to YB: 2021-07-25

Pitch date: 2021-07-25

OKTA [bullish]

Okta, Inc.

-64.88%

current return

Author Info

Sleep Well Investments shares deep dives into time-tested businesses with high reinvestment potential. Get their premium stock pitches for 20% off.

Company Info

Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta’s suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.

Market Cap

$14.8B

Pitch Price

$256.80

Price Target

N/A

Dividend

N/A

EV/EBITDA

64.88

P/E

100.36

EV/Sales

4.66

Sector

IT Services

Category

growth

Show full summary:
Okta's Vision For The Next Decade

OKTA: Aiming to be the essential "primary cloud" for identity over next decade. Launched PAM & IGA products to expand platform capabilities. Auth0 acquisition doubles customer ID biz, adds developer tools & global reach. Identity connects all tech, enables massive TAM expansion. Trades at $35B, huge opportunity ahead.

Read full article (17 min)