OKTA INC. $69 is a hold. The company (Nasdaq symbol OKTA; Manufacturing & Industry sector; Shares outstanding: 160.2 million; Market cap: $11.1 billion; No dividend paid; Takeover Target Rating: Medium; www.okta.com) is a cybersecurity firm that provides companies with workforce identity and customer identity solutions.
Okta first sold shares to the public and began trading on Nasdaq in April 2017 at $17 a share.
In May 2021, it completed the acquisition of Seattle-based Auth0 for $6.5 billion. Auth0 helps businesses manage customers online. It offers a platform aimed at letting them authenticate those using their services, including both consumers and other companies.
Okta’s shares are down lately, along with the market—and in particular, stocks with a technology/software platform focus. In a recent filing, the company indicated that activist investors could be a risk factor, despite its dual-voting share structure. Still, its shares moved up recently on speculation that the recent sale of an Okta competitor could prompt Okta insiders to look for a buyer.
Okta is a hold,…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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