Okta, Inc. Class A Common Stock
OKTAOkta, Inc. Class A (OKTA) is a technology company specializing in identity and access management solutions. It provides a cloud-based platform that enables organizations to securely manage and connect users to applications and services. Known for its identity verification, single sign-on, and Multi-Factor Authentication (MFA) capabilities, Okta helps businesses enhance security and improve user access experiences across their digital ecosystems.
Company News
Okta reported strong Q3 2026 earnings with 11.6% revenue growth, beat analyst expectations, and provided positive Q4 guidance. Despite initial market skepticism, the company shows robust performance in cybersecurity and AI integration.
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My Personal CFO, LLC completely sold its entire stake of 110,367 Okta shares, worth approximately $11.03 million, in the third quarter of 2025, indicating a potential shift in institutional sentiment towards the cybersecurity company.
Several large-cap stocks, including PDD Holdings, Regeneron Pharmaceuticals, and Burlington Stores, were among the top losers last week, with declines ranging from 11.9% to 29.3%. The reasons for the losses varied, from mixed clinical trial results to earnings misses and tariff concerns.
Okta, a software company that helps manage workplace application access, reported strong earnings and guidance, in contrast to some of its larger peers like Salesforce and ServiceNow.
