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Okta's stock surged as earnings and asset manager holdings increased, despite mixed investor actions.
Okta, Inc. saw its stock boosted by strong earnings and increased holdings by asset managers.
Smith Group Asset Management now owns 237,995 shares, while Allspring Global Investments reduced its stake by 26.6%.
Okta reported earnings of $0.86 per share, beating estimates, and revenue of $688 million, surpassing expectations.
The company has a "Moderate Buy" rating and a $121.59 price target.
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Las acciones de Okta se dispararon a medida que aumentaban las ganancias y las tenencias de los gestores de activos, a pesar de las acciones mixtas de los inversores.