By John Meyer, consultant in financial affairs – Eurasia Business News, July 29, 2025. Article no. 1659

On July 29, Okta Inc. (symbol: OKTA) gained about 2.63% during the trading day, with the stock price increasing by approximately $2.58 to close around $100.42.

The stock opened at about $98.04, reached a high near $101.84, and had a low around $96.57 during the day. Trading volume was over 5.3 million shares on the NASDAQ exchange. This marks a positive performance for Okta on that day amid a busy week for the market.

This gain stems from several key factors:

Increasing Institutional Interest: Recent filings show institutions like Skandinaviska Enskilda Banken increasing their stakes in Okta, which often supports upward stock price momentum.

Strong Financial Performance and Growth Outlook: Okta reported solid revenue growth, including a 12% year-over-year increase in total and subscription revenues in the first quarter of fiscal 2026.  Total revenue was $688 million, an increase of 12% year-over-year.

The company’s remaining performance obligations (subscription backlog) also grew significantly, indicating robust future revenue streams. Okta’s operating profit and free cash flow reached record levels, highlighting operational strength.

Innovation and Product Expansion: Okta has been advancing its identity and security solutions, particularly with new offerings focused on securing AI applications (Auth for GenAI) and broadening security platforms. These innovations position the company well in a growing market for identity security.

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Positive Market Sentiment and Analyst Support: Analysts remain optimistic about Okta’s near-term earnings and revenue growth, with expectations of 16.7% EPS growth and 10.1% revenue growth year-over-year for the current quarter. The company’s stock carries a favorable Zacks Rank #2 (Buy), reflecting positive investor sentiment. Despite relatively stable recent earnings estimate revisions, the company’s backlog and product pipeline suggest continued strength.

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© Copyright 2025 – Eurasia Business News. Article no. 1659