Okta reports strong earnings despite CEO share sales, facing mixed analyst recommendations.

Okta, a leading identity management company, has seen increased institutional investments and insiders selling shares. Despite CEO Todd McKinnon selling $15 million worth of shares, the company reported strong earnings, beating expectations with $0.21 earnings per share and $646 million in revenue. Analyst opinions vary, with some recommending a "buy" and others a "neutral" rating, setting a consensus target price of $97.63. Okta's market cap is $13.17 billion.

November 30, 2024
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