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Okta OKTA

Okta scores good on business quality (6.2 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$232.13Oct 10, 2026
Business qualityGood
Next earningsNov 30, 2026
Insiders, 90 daysQuiet

Why it matters

  1. What Okta does

    Okta sells cloud-based identity and access management software, charging enterprises subscription fees to secure employee and customer logins.

  2. What it does best

    Okta leads in independent workforce identity integration, backed by a gross margin of 78.1% that outperforms peers like Cloudflare at 72.6%. Its neutral stance across major cloud ecosystems makes switching difficult for enterprise IT architects.

  3. The main risk

    Intensifying competition from platform giants embedding native security features threatens Okta's enterprise expansion, pressuring growth if customers consolidate tools away from standalone vendors.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin rests at 7.6% while free cash flow margin reaches 83rd percentile in its sector, showing strong cash conversion as the business scales.

MoatFair

Network effects lock in enterprise developers and IT administrators, supported by a gross margin in the top quartile of its sector at 79th percentile.

GrowthFast

Revenue grew to $3.07B with a growth rate of 11.8%, slowing down compared to historical rates as the core identity market matures.

Financial healthStrong

Debt-to-equity sits at a minimal 0.05x with $2.55B in cash against $350M in debt, driving free cash flow up to $959M: the balance sheet is exceptionally strong.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on OKTA

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is OKTA a good business?

Okta scores good on the Cluenex quality check (6.2 of 10), measured against its own industry. Profitability is weak, moat fair, growth fast and financial health strong.

Are insiders buying OKTA?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does OKTA report earnings?

Nov 30, 2026.

For members

See OKTA today

  • Today's verdict on OKTA, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Okta (OKTA)”, https://cluenex.com/stocks/okta/, data as of Oct 10, 2026.