We came across a bullish thesis on Okta, Inc. on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on OKTA. Okta, Inc.'s share was trading at $82.31 as of February 3rd. OKTA’s trailing and forward P/E were 80.12 and 23.58, respectively according to Yahoo Finance.
Okta, Inc. operates as an identity partner in the United States and internationally. OKTA is showing clear operational improvement, with margins moving in the right direction across the board. Gross margin expanded to 77%, operating margin reached 3%—up more than...
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