Okta Inc Stock Price, News & Analysis

Okta, Inc. (NYSE:OKTA) has announced a proposed settlement of derivative matters, with a Settlement Hearing scheduled for October 24, 2025. The settlement includes the implementation of corporate governance reforms and internal controls, approved by Okta's Board Settlement Review Committee.

The settlement involves $2.25 million in attorneys' fees and expenses, subject to court approval. Current Okta stockholders as of June 26, 2025 may object to the settlement by filing written objections at least 14 days before the Settlement Hearing, which will be held virtually.

The proposed reforms are designed to address claims asserted in the Derivative Matters and are considered by the settling parties to provide substantial benefits to the company and its stockholders.

Okta (NASDAQ:OKTA) reported strong Q2 fiscal 2026 financial results, with total revenue reaching $728 million, up 13% year-over-year. The company demonstrated solid profitability with GAAP operating income of $41 million (6% of revenue) and non-GAAP operating income of $202 million (28% of revenue).

Key performance metrics include subscription revenue growth of 12% YoY to $711 million, RPO growth of 18% YoY to $4.152 billion, and robust free cash flow of $162 million. The company maintains a strong balance sheet with $2.858 billion in cash and short-term investments.

For FY2026, Okta updated guidance projecting total revenue of $2.875-2.885 billion (10-11% YoY growth) and non-GAAP operating margin of 25-26%. The company also announced the acquisition of Axiom Security, expected to have immaterial impact on guidance metrics.

Okta (NASDAQ:OKTA), the leading independent identity partner, has strengthened its board of directors with the appointment of David Schellhase and Mary Agnes (Maggie) Wilderotter, effective August 13, 2025.

CEO Todd McKinnon highlighted their proven advisory experience in scaling growth companies in complex business and technology environments. Both appointments align with Okta's strategic focus on securing AI technologies and expanding its identity market leadership.

The new board members expressed enthusiasm about Okta's position in the identity security landscape and its potential to extend leadership in securing AI and cloud-based technologies.

Okta (NASDAQ: OKTA), the leading independent Identity partner, has scheduled its second quarter fiscal year 2026 financial results announcement for August 26, 2025, after the U.S. market close.

The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. The webcast will be accessible through Okta's investor relations website at investor.okta.com, where a replay will also be available afterward.

Okta (NASDAQ: OKTA) and Palo Alto Networks have announced an expanded partnership featuring new AI-driven security integrations to combat identity-based cyber threats. The partnership introduces two key integrations: (1) A connection between Okta Workforce Identity and Prisma Access Browser for secure application access, and (2) Integration of Identity Threat Protection with Cortex SecOps platform for unified identity threat detection.

The collaboration aims to provide nearly 2,000 joint customers with enhanced security features including automated threat response, secure application access across devices, and reduced security blind spots. The integration enables real-time response to threats through features like revoking user access, ending active sessions, and quarantining endpoints.

Okta has announced Cross App Access, a new protocol extending OAuth to secure AI agents in enterprise environments. The protocol addresses the growing challenge of managing AI agents' interactions across systems by providing visibility and control over app-to-app connections. Available in Q3 2025 for select Okta Platform customers, Cross App Access enables enterprises to better manage how AI tools connect to apps and data, while simplifying the authorization process. The solution eliminates repetitive authorization consent screens and provides centralized control over agent access. This development comes as AI tools increasingly use protocols like Model Context Protocol (MCP) and Agent2Agent (A2A) to connect their AI models to enterprise data, creating potential security blind spots. The protocol helps ISVs deliver secure, enterprise-grade integrations while enabling IT teams to maintain oversight of AI agent activities across systems.

Okta (NASDAQ: OKTA), the leading independent identity partner, has announced its management team's participation in three upcoming investor conferences in June 2025:

- Baird Global Consumer, Technology & Services Conference: President & COO Eric Kelleher will present on June 3 at 8:25 a.m. PT
- FBN Virtual Technology Conference: CFO Brett Tighe will present on June 4 at 9:00 a.m. PT
- BMO Virtual Software Conference: CFO Brett Tighe will present on June 10 at 8:30 a.m. PT

The Baird conference presentation will be webcast live on Okta's investor relations website, with replays available after each event.

Okta (NASDAQ: OKTA) reported strong Q1 FY2026 financial results, with total revenue reaching $688 million, up 12% year-over-year. The company achieved record GAAP operating income of $39 million (6% of revenue) and non-GAAP operating income of $184 million (27% of revenue). Subscription revenue grew 12% to $673 million, while RPO increased 21% to $4.084 billion. The company generated robust free cash flow of $238 million (35% of revenue). For FY2026, Okta projects total revenue of $2.85-2.86 billion, representing 9-10% growth, with non-GAAP operating income of $710-720 million. The company maintains a strong cash position with $2.725 billion in cash and short-term investments.

Okta (NASDAQ: OKTA), the leading independent Identity partner, has scheduled its first quarter fiscal year 2026 earnings release for May 27, 2025, after U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the financial results for the quarter ended April 30, 2025.

The webcast will be accessible through investor.okta.com, where a replay will also be available afterward. Okta, which positions itself as The World's Identity Company, provides authentication and authorization solutions for businesses and developers, focusing on security and identity management services.