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Okta ( (OKTA) ) has provided an update.
On June 20, 2025, Benjamin Horowitz announced his resignation from Okta‘s Board of Directors, effective at the company’s annual meeting on June 24, 2025, leading to a reduction in board size from nine to eight. At the annual meeting, stockholders voted on four proposals, including the election of directors, ratification of Ernst & Young LLP as the independent auditor, approval of executive compensation, and the frequency of future votes on executive compensation, with decisions aligning with board recommendations.
The most recent analyst rating on (OKTA) stock is a Hold with a $81.00 price target. To see the full list of analyst forecasts on Okta stock, see the OKTA Stock Forecast page.
Spark’s Take on OKTA Stock
According to Spark, TipRanks’ AI Analyst, OKTA is a Neutral.
Okta’s stock score is primarily driven by its robust financial performance, with strong revenue growth and cash flow metrics. The earnings call and corporate events further support a positive outlook despite macroeconomic concerns. However, technical indicators and high valuation present near-term risks.
To see Spark’s full report on OKTA stock, click here.
More about Okta
Okta, Inc. operates in the identity and access management industry, offering products and services that help organizations securely manage and streamline user authentication and authorization processes. The company focuses on providing solutions that enhance security and user experience for businesses across various sectors.
Average Trading Volume: 4,116,804
Technical Sentiment Signal: Hold
Current Market Cap: $17.27B
See more insights into OKTA stock on TipRanks’ Stock Analysis page.