The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

OKTA

Concerning the House

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management. In addition, it provides Universal Login, a standards-based login infrastructure; Attack Protection Suite to minimize risks associated with identity-targeted attacks; Adaptive MFA; Passwordless, which enables users to login without a password; Machine-to-Machine Tokens for authentication and authorization with NHIs; Private Cloud, a deployment option; Organizations, which support a large number of partners or customers; Extensibility, which enables customers to build customized identity flows; Fine Grained Authorization, which manages complex authorization scenarios; and Auth0 for AI Agents to secure and scale agentic applications. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

United States · www.okta.com

The Long Run

FY 2018–2026 · 9 years

LineLatestCAGRTrend
Revenue$2.26B+36.5%
Gross profit$1.68B+55.2%
Operating income-$516.00M
Net income-$355.00M
Cash from ops$884.00M+96.9%
Quotation

$154.95

+7.65 (+5.2%)

52w hi$154.95
52w lo$62.93
Vol2.45M
As ofAug 13
The Verdict

Hold

Our score +0.13

Short-0.08
Medium+0.31
Long+0.18

computed 2026-08-13

By the Numbers

Okta, Inc.

Technology · Software - Infrastructure

Market cap$27.17B
Enterprise value$23.42B
Trailing P/E112.28x
Forward P/E36.18x
EV / EBITDA87.73x
P / S (ttm)8.99x
Profit margin8.2%
Return on equity3.7%
Revenue growth+11.2%
Earnings growth+21.2%
Debt / equity5.96
Risk Metrics
Beta vs SPX1.18
Corr SPX0.36
Annual vol53.4%
Annual ret+45.7%
Sharpe0.86
Max DD-50.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.13
Sector+0.15
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$148.33$155.90$146.75$154.952.45M
Aug 12$150.65$153.04$146.65$147.303.01M
Aug 11$150.54$151.72$147.002.21M
Aug 10$149.00$153.68$147.54$150.772.44M
Aug 7$148.64$150.19$146.00$148.322.12M