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Okta

okta.com

Founded Year

2009

Stage

IPO | IPO

Total Raised

$229.25M

Date of IPO

4/7/2017

Market Cap

7.96B

Stock Price

50.09

About Okta

Okta (NASDAQ: OKTA) is an identity management and mobility management service that securely and simply connects people to their applications from any device, anywhere, at any time. It gives Enterprise IT teams the ability to improve the end-user experience while achieving the management control necessary to accelerate the secure adoption of cloud and mobile technologies. The company was founded in 2009 and is based in San Francisco, California.

Headquarters Location

301 Brannan Street 1st Floor

San Francisco, California, 94107,

United States

888-722-7871

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Research containing Okta

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Okta in 4 CB Insights research briefs, most recently on Oct 18, 2022.

Expert Collections containing Okta

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Okta is included in 2 Expert Collections, including Cybersecurity.

C

Cybersecurity

5,100 items

R

Regtech

268 items

Okta Patents

Okta has filed 1 patent.

The 3 most popular patent topics include:

  • Computer network security
  • Password authentication
  • Computer access control protocols
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/29/2021

10/18/2022

Identity management, Federated identity, Identity management systems, Password authentication, Computer security

Grant

Application Date

1/29/2021

Grant Date

10/18/2022

Title

Related Topics

Identity management, Federated identity, Identity management systems, Password authentication, Computer security

Status

Grant

Latest Okta News

2 stocks down 50% and 83% to buy now

Nov 27, 2022

Eleon 24 mins ago Winning investments in the tech sector have been hard to come by in 2022. S&P500 the index is down about 15.5% since the start of the year, and the index even more technological Nasdaq Compound the index fell by 28% over the entire stretch. Portfolios have been hit hard, but market volatility is also creating interesting opportunities. Read on to find out why two Motley Fool contributors identified these companies as the best tech stocks to invest in after big pullbacks. This tech titan has the makings of a long-term winner Keith Noonan (Amazon): Amazonit is (NASDAQ: AMZN) The stock price has fallen 45% year-to-date and is trading down 50% from its July 2021 high. Contraries affecting its business have dented the company’s valuation, the tech titan has huge options and is built for long-term success. Amazon Web Services (AWS) has been and continues to spearhead the cloud infrastructure market, and it is expected to continue to deliver solid sales growth and high-margin revenue alongside the growth of the Internet in his outfit. The performance of the AWS unit will not be completely immune to macro pressures, but the long-term outlook for the company’s cloud infrastructure services remains very promising, and the segment’s strong operating result should help offset the high costs and other pressures that e-commerce is currently facing. Company. In addition to inflation-related costs, Amazon’s e-commerce business is facing declining demand due to the pandemic and tough comparisons to times when shoppers avoided in-person purchases. These trends have depressed the company’s valuation, but the online retail business is expected to return to stronger performance and the market appears to be underestimating its potential as a long-term profit generator. Amazon is already positioning itself as an early leader in robotics, and chances are the automation of its warehouse and delivery networks will reach a tipping point where revenue will eventually grow much faster than operating costs. The strength of the e-commerce space has also made it easy for the company to get into digital advertising. Amazon ranks third among players in the digital advertising industry, behind only Alphabet and Metaplatforms, and its ad unit has grown at an impressive rate. With the company’s digital advertising business growing 25% year-over-year to approximately $9.5 billion in third-quarter sales despite some industry headwinds, it’s clear the company has built a solid new business pillar. With the stock halving from its peak, I think investors can score wins by building long positions in Amazon. This software stock is well oversold Jeremy Bowman (Okta): It is perhaps an understatement to say that Okta (NASDAQ:OKTA) had a difficult year. The cloud identity software company, which provides tools for employees and customers to connect and stay connected to the applications they need, has been a market darling since its IPO in 2017. But this year, the stock tumbled, down about 79%. It’s also down about 83% from its lifespan peak. Okta faced the same headwinds as much of the tech sector, including fears of a recession and rising interest rates that put pressure on valuations. But the company also acknowledged in its second-quarter earnings report that it encountered slowdowns in its integration of Auth0, the customer identity access software company it acquired last spring. Additionally, Okta said it’s starting to see sales cycles lengthen and has pulled back from its long-term forecast of $4 billion in revenue and $800 million in cash flow. available for fiscal year 2026, which ends in January of the same year. However, at this point, the stock seems oversold. Okta is trading at a price-to-sales ratio below 5, but its long-term growth prospects don’t look too different than they did a few months ago. Revenue jumped 43% in its latest quarter, showing growth remained strong, and current remaining performance obligations, or backlog, rose 36% to $1.5 billion. More importantly, the company is taking steps to resolve the issue with Auth0. Chief Operating Officer Frederic Kerrest said in an interview with The Motley Fool that Okta has stepped up hiring to replace sales reps the company lost during the integration, but is still working. to train them. Okta also clarified products for its sales force and customers. Finally, given the weakening macroeconomic climate, the company may be forced to postpone its long-term revenue target by approximately one year. But, it will get there, and its reorientation towards profitability makes sense given current market sentiment. Okta pursues an $80 billion addressable market and is widely regarded as the leader in cloud identity, although current revenue is still below $2 billion, leaving plenty of room for growth. . Investors should take advantage of the selloff and buy Okta before it rebounds. Playing the long game with Amazon and Okta could lead to big wins While volatility may continue to shape the market in the short term, taking a buy-and-hold approach with strong companies remains one of the best ways to build long-term wealth. In this mold, Amazon and Okta have promising competitive advantages and untapped market opportunities that position them well for the future. And the selloffs have pushed their respective valuations to levels that leave room for very solid returns. Find out why Amazon is one of the top 10 stocks to buy now Our award-winning team of analysts have spent over a decade beating the market. After all, the newsletter they’ve been putting out for over a decade, Motley Fool Equity Advisortripled the market. * They just revealed their top ten picks of stocks investors can buy right now. Amazon is on the list – but there are nine others you might be overlooking. Click here to access the full list! * Portfolio Advisor Returns as of November 7, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a board member of The Motley Fool. Randi Zuckerberg, former director of market development and spokesperson for Facebook and sister of Meta Platforms CEO Mark Zuckerberg, is a board member of The Motley Fool. Suzanne Frey, an executive at Alphabet, is a board member of The Motley Fool. Jeremy Bowman holds positions at Amazon, Meta Platforms, Inc. and Okta. Keith Noonan has no position in the stocks mentioned. The Motley Fool owns and endorses Alphabet (A shares), Alphabet (C shares), Amazon, Meta Platforms, Inc., Okta and Snowflake Inc. The Motley Fool has a Disclosure Policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. nasdaq Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. Eleon 24 mins ago

Okta Web Traffic

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Okta Frequently Asked Questions (FAQ)

  • When was Okta founded?

    Okta was founded in 2009.

  • Where is Okta's headquarters?

    Okta's headquarters is located at 301 Brannan Street, San Francisco.

  • What is Okta's latest funding round?

    Okta's latest funding round is IPO.

  • How much did Okta raise?

    Okta raised a total of $229.25M.

  • Who are the investors of Okta?

    Investors of Okta include Andreessen Horowitz, Greylock Partners, Khosla Ventures, Sequoia Capital, Altimeter Capital and 13 more.

  • Who are Okta's competitors?

    Competitors of Okta include ForgeRock, SailPoint, Ping Identity, BetterCloud, WorkOS, BehavioSec, Source Defense, Silverfort, Ermetic, JumpCloud and 52 more.

Compare Okta to Competitors

Beyond Identity Logo
Beyond Identity

Beyond Identity provides computer and network security products and services, specifically passwordless zero trust multi-factor authentication (MFA).

Y
Yubico

Yubico specializes in login authentification, preventing unauthorized access to computers, servers, and internet accounts.The company's core product, YubiKey, protects access to user accounts for large enterprises, requires no driver or client software needed and supports multiple authentication and encryption protocols on all devices and platforms. The company serves enterprises, SMBs, individuals and developers. It was founded in 2007 and is based in Stockholm, Sweden.

Saviynt Logo
Saviynt

Saviynt offers complete access governance and intelligence solutions for critical data, workloads, DevOps resources, and access to critical applications on cloud and enterprise. Saviynt combines granular application access, risk and usage analytics, and real-time prevention with out-of-box risk signatures and SOD rules to address security and compliance needs for the enterprise. The firm primarily serves the technology, consumer goods, financial, food products, and construction industries. It was founded in 2010 and is based in El Segundo, California.

HYPR Logo
HYPR

HYPR specializes in decentralized biometric security to users across the Fortune 500. The company's FIDO -Certified software is integrated into employee and customer-facing applications to eliminate fraud, enhance user experience, and increase revenue. From banking to mobile payments and even connected cars, HYPR leverages biometric sensors across a fully interoperable architecture to ensure user data is kept private across the Internet of Things.

JumpCloud Logo
JumpCloud

JumpCloud is a cloud-based on-prem directory platform that secures identities, manages devices, and provides safe access to all types of IT resources - on-prem, in the cloud, across Windows, Mac, or Linux. The company serves IT departments in businesses across a variety of industries. JumpCloud was formerly known as SafeInstance. The company was founded in 2012 and is based in Louisville, Colorado.

SailPoint Logo
SailPoint

SailPoint (SV7:FRA) provides an identity security cloud platform that discovers, manages, and secures identities and access. Through its AI-driven intelligence, SaaS-based security, cloud access management, file access management, password management, and real-time access risk analysis it enables the enterprises to gain complete access visibility to all their systems. The company was founded in 2005 and is based in Austin, Texas. In August 2022, SailPoint was acquired by Thoma Bravo at a valuation of $6.9B.

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