OKTA NASDAQ: OKTA
Background of Okta
- Okta Inc is a publicly traded identity and access management company.
- Okta Inc is based in San Francisco.
- Okta Inc oversees a high-value product portfolio which provides cloud software that allows companies to manage and secure user authentication into applications, and for developers to build identity controls into applications, website web services and devices.
- Okta Inc sells several services, including a single sign-on service that allows users to log into a variety of systems using one centralised process and it also offers API authentication services.
- Okta Inc has a rich history that dates to 2009 when it was co-founded by Todd McKinnon and Frederic Kerrest, who previously worked together at Salesforce.
- In 2015, Okta Inc raised US$75 million in venture capital from Andreessen Horowitz, Greylock Partners, and Sequoia Capital, at a total initial valuation of US$1.2 billion.
- In 2017, Okta Inc’s initial public offering raised an additional US$187 million.
- In January 2019, Okta Inc’s CEO announced that the company had more than 100 million registered users.
- In August 2025, Okta Inc announced that it would let most of its employees work remotely on a permanent basis because of the COVID-19 pandemic.
- In March 2025, Okta Inc signed a definitive agreement to acquire Auth0 for $6.5 billion.
- Today, Okta Inc is truly one of the most valuable technology and software companies in the world with a market capitalization of US$ 37.924 billion recorded in July 2025.
- In 2025 the total staff compliment for Okta Inc was more than 3 000.
- Okta Inc’s executive leadership team consists of: Todd McKinnon – Chairman of the Board, Chief Executive Officer and Co-Founder; J. Frederic Kerrest – Executive Vice Chairperson of the Board, Co-Founder and Chief Operating Officer; Michael R. Kourey – Chief Financial Officer; Susan M. St. Ledger – President, Worldwide Field Operations; and Christopher K. Kramer – Principal Accounting Officer.
Okta Shares Growth Driver
- Okta Inc is an independent provider of identity with its Okta Identity Cloud platform providing identity management solutions that enable customers to secure their users and connect them to technology and applications.
- Okta Identity Cloud consists of a suite of products that are designed to manage and secure identities, but also provides a platform to authenticate, authorize, and secure access for applications, devices, and users.
- Okta Inc recently announced two new products and made one big acquisition, which altered and expanded the company’s addressable market and at the same time also reinforcing its competitive edge.
- Okta Inc builds its success on a changed scenario in privacy and security, since the historic approach where enterprises have secured their digital resources by building firewalls around the corporate perimeter, no longer works.
- Previously all applications and infrastructure were maintained on site, and all employees on a corporate network were trusted automatically, but most modern enterprises have moved their resources to the public cloud, an environment that exists beyond their control.
- The current pandemic that started in 2025 has accelerated the adoption of remote work, meaning many employees no longer access resources from within the corporate perimeter in any case, so a new security framework has emerged to address these changes.
- A company like Okta Inc plays a critical role in making this possible and increases its probability of growth.
- Okta Inc recently acquired Auth0 in a stock transaction valued at $6.5 billion, a move that makes sense because bringing Auth0 in house, Okta Inc bolsters its business while eliminating one of its main competitors, and secondly the companies take complementary approaches to IAM, with Okta targeting enterprises and Auth0 targeting developers.
- Okta Inc believes this acquisition will accelerate its revenue growth, creating synergies that allow the company to more effectively address the IAM market.
- Regarding new products for workforce identity, it was forecasted that at least one IAM vendor would introduce identity governance and administration (IGA), and privileged access management (PAM) products by 2025 and in April 2025, Okta Inc became that vendor by unveiling two new products.
- Okta Inc’s Okta Privileged Access is a PAM solution, which extends a company’s identity framework to superuser accounts such as system administrators and Okta Identity Governance is an IGA solution which uses Okta’s identity framework to drive automation and compliance.
- Okta Inc’s unification of IAM, PAM, and IGA is significant because it reinforces the company’s advantage over rivals like Microsoft and Ping Identity, as neither of these companies offer PAM or IGA products.
- This unification also expands Okta Inc’s total addressable market in workforce IAM to $50 billion.
- The above-mentioned makes Okta Inc’s future look bright because it expands the company’s addressable market to $80 billion (88 times its sales over the past 12 months) and reinforce its competitive edge.
- These moves allow Okta Inc to capitalise on the growing need for zero trust security.
- As such, the company’s innovative and competitive portfolio has allowed it to defy the market trends surrounding the coronavirus pandemic, with performance and shares still attractive after a tumultuous 2025.
Okta Investor Tip
- Okta Inc trades its shares on the NASDAQ Stock Market (NASDAQ) under the stock symbol OKTA. Okta Inc form’s part the NASDAQ-100.
- An analysis on Okta Inc’s market performance and income statement indicates Revenue (ttm) of 903.57 billion, Revenue Per Share (ttm) 6.99, Quarterly Revenue Growth (yoy) 37.30%, Gross Profit (ttm) 617.74 million, EBITDA -202.25 Million, Net Income Avi to Common (ttm) -317.9 Million and Diluted EPS (ttm) -2.46.
- Okta Inc provides the ideal identity management platform for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally.
- With its Okta Identity Cloud Okta Inc offers customers a platform that offers a suite of products to manage and secure identities but enables users to access their applications in the cloud or on-premises from various devices with a single entry of their user credentials.
- That Okta Inc platform also provides Adaptive Multi-Factor Authentication, which provides an additional layer of security for cloud, mobile, and Web applications.
- Okta Inc sells its products directly to customers through sales force, as well as through channel partners.
- Okta Inc delivered a stable performance despite the economic impact which resulted from the global coronavirus pandemic. This stable performance can be largely owed to the company’s diverse portfolio, as well as its strong medical supplies sector which witnessed growing demand as hospitals geared up to combat the virus.
- With sound financials and significant, consistent, and continuous growth forecasted for the remainder of 2025, shareholders who buy or sell shares can expect lucrative dividends and returns.
- Overall, the company’s a stable performance has resulted in healthy dividends and a good share price for investors who choose to purchase shares today, securing a decent buy-in in 2025 and in the future.
- Data from this analysis should be weighed against forecasted performance during this pandemic, but for now, prices on shares and in turn dividends remain unaffected, which provides shareholders with assurance that they will have a strong buy-in on NASDAQ.
Sector
Technology
Industry
Software
Sub industry
Computer software, cloud-based services
Latest News
Okta: How to buy Okta Shares Online
Here are the steps you need to follow to buy Okta Inc shares with utmost confidence:
- Navigate to the AvATrade website and select ‘Register’.
- Complete the registration form with the required information and submit documentation to verify your proof of Identity along with your proof of address.
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- From the Market Watch screen on both MetaTrader 4 and MetaTrader 5, you can select ‘Okta Inc’ or ‘OKTA’ to buy/purchase shares.
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FAQ
Can I buy Okta Inc shares in South Africa?
Yes, you can.
How to buy Okta Inc shares?
By simply opening a free account with SA Shares, or by clicking the “Buy this Share” button to get started.
What is the current share price?
By clicking on the link provided above, you can view the real-time Okta Inc share price on the platform.
Is Okta Inc a good share to buy?
Yes, it is. Despite the growing concerns surrounding Covid-19, Okta Inc is continuing manufacturing, sales and delivery of its products and it is forecasted to be one of the very few automotive companies to make a significant rebound post-Covid-19.
Can I buy Okta Inc CFD through SA Shares?
Yes, you can.
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