OKTA - Okta Inc - Class A

NASDAQ · Technology · Software—Infrastructure

$83.90

Market Closed

End of day · May 8, 2026, 12:00 AM

Active

Resolved

Bull

Bear

About

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta's, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

https://www.okta.com

OKTA - Okta Inc - Class A

Technology

OKTA's chart this year is just a slow motion car crash. It was flirting with 125 less than a year ago and now we're staring at 83.90. The slide isn’t random noise either sentiment totally flipped around last summer and it's been a pretty clear downtrend ever since, with a couple of limp attempts at bouncing. I know a lot of people blame security specific hiccups and execution stumbles, but the reality is there's been a lot of management turnover and customers are sitting on their hands when it comes to new contracts. I’m leaning bearish here with a target of 68.00. Customer growth has stalled and while they're trying to pivot more to enterprise, there’s just not evidence it’s catching on in the near term. They keep talking up pipeline but last quarter’s numbers didn’t inspire confidence. Also, their competitors are getting more aggressive on pricing and I don’t see OKTA having enough moat to fight that off without more pain to gross margin. One thing to watch is next quarter’s guidance if they guide down again, I think that’s when you see another leg lower. But honestly, even a slight beat probably just gets shrugged at these levels. The risk I see is if they announce a major strategic partnership or even buyout chatter catches fire, because a name this beaten up could absolutely rip on any headline. That’s not the base case, though. I wouldn’t rush to short the absolute bottom, but if the trend holds, we could see 68.00 in the next 8 weeks. There's just too many headwinds right now.

Entry

$83.90

Below

$68.00

Jul 5, 2026

Karma

125 to 17562

Bearish

Open

Vote

OKTA - Okta Inc - Class A

Technology

OKTA has definitely been on a wild ride lately. If you look at the last year, the stock dropped off a cliff from the 120s last May and never really recovered. It's been stuck in this downward to sideways trend since, with a few half hearted pop and drop moments. Lately it's been hovering just above 75, but at 83.90 now, I think there's actually a decent risk reward for a modest bullish trade here. The core argument: Okta's identity management business is a sticky subscription model that should still ride the broad secular trend toward cloud security, even if their growth has slowed a ton. They've finally started to get a grip on their sales churn and operational mess from last year, which honestly tanked confidence. If management can show just a couple of clean quarters, I think sentiment shifts quickly and the market gives them a bit more respect. My target is 99.00, which is pretty much where it traded back in January before that aggressive slide in March. There's definitely a risk that this thing is just dead money if they keep missing on execution or give cautious guidance again. Investors have a long memory with stocks like this and it's burned a lot of folks already. So yeah, if they botch the next earnings or fail to impress on new deals, you could easily see another selloff. But on the flip side, with expectations this low, any beat and raise could really get things moving in a hurry. Next earnings will be the catalyst, and I'm watching for any signs of stabilization in revenue and gross margin. If that comes through, it could be enough to get OKTA out of its rut. Not the most exciting thesis, but the setup looks decent for a 15 20 percent move if they deliver.

Entry

$83.90

Above

$99.00

Jul 19, 2026

Karma

122 to 17261

Bullish

Open

Vote