Market Summary
USD83.53+1.49
Market Closed1.82%
OKTA Stock Price
OKTA RSI Chart
OKTA Valuation
OKTA Price/Sales (Trailing)
OKTA Profitability
OKTA Fundamentals
OKTA Revenue
OKTA Earnings
Price Action
52 Week Range
44.1291.50
(Low)(High)
Last 7 days
-4.5%
Last 30 days
14.5%
Last 90 days
17.7%
Trailing 12 Months
42.8%
OKTA Financial Health
OKTA Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for OKTA
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-18 | McKinnon Todd | sold | -620,147 | 83.0072 | -7,471 | chief executive officer |
2023-09-18 | Ninan Shibu | sold | -272,430 | 83.0072 | -3,282 | chief accounting officer |
2023-09-18 | Tighe Brett | sold | -402,253 | 83.0072 | -4,846 | chief financial officer |
2023-09-18 | Schwartz Larissa | sold | -158,212 | 83.0072 | -1,906 | see remarks |
2023-09-15 | McKinnon Todd | acquired | - | - | 14,833 | chief executive officer |
2023-09-15 | Schwartz Larissa | acquired | - | - | 5,319 | see remarks |
2023-09-15 | Tighe Brett | acquired | - | - | 11,796 | chief financial officer |
2023-09-15 | Ninan Shibu | acquired | - | - | 9,340 | chief accounting officer |
2023-08-19 | Choi Emilie | acquired | - | - | 1,212 | - |
2023-06-21 | Epstein Jeff | acquired | - | - | 2,378 | - |
Which funds bought or sold OKTA recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | sold off | -100 | -569,184 | - | -% |
2023-09-13 | AWM CAPITAL, LLC | reduced | -0.17 | -51,101 | 208,050 | 0.05% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -29.52 | -3,923 | 5,132 | -% |
2023-09-12 | Prosperity Wealth Management, Inc. | new | - | 245,152 | 245,152 | 0.16% |
2023-09-01 | DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | reduced | -13.91 | -8,236,610 | 18,532,900 | 1.81% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | -138,768 | 569,780 | 0.03% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -3,725,560 | 15,297,100 | 0.15% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 777,955 | 777,955 | -% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 1,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Okta
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 09, 2023 | vanguard group inc | 10.06% | 15,598,090 | SC 13G/A | |
| Feb 14, 2023 | mckinnon todd | 4.8% | 7,820,688 | SC 13G/A | |
| Feb 14, 2023 | kerrest jacques frederic | 1.9% | 3,033,890 | SC 13G/A | |
| Feb 14, 2023 | price t rowe associates inc /md/ | 0.1% | 95,940 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 9.19% | 14,043,781 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 6.4% | 9,705,940 | SC 13G/A | |
| Feb 14, 2022 | mckinnon todd | 4.9% | 7,704,897 | SC 13G/A | |
| Feb 14, 2022 | kerrest jacques frederic | 2.0% | 3,046,279 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 7.3% | 10,889,976 | SC 13G |
Recent SEC filings of Okta
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 10-Q | Quarterly Report | |
| Aug 30, 2023 | 8-K | Current Report | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Jun 23, 2023 | 4 | Insider Trading | |
| Jun 23, 2023 | 4 | Insider Trading | |
| Jun 23, 2023 | 4 | Insider Trading |
Peers (Alternatives to Okta)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ADP | 100.5B | 18.0B | -2.89% | 5.52% | 29.45 | 5.58 | 9.18% | 15.70% |
FISV | 70.1B | 18.5B | -3.11% | 14.36% | 27.94 | 3.8 | 8.49% | 23.72% |
CTSH | 35.1B | 19.4B | 1.09% | 13.19% | 16.01 | 1.81 | 0.73% | -2.96% |
SQ | 28.9B | 19.7B | -17.36% | -22.61% | -106.75 | 1.47 | 20.89% | 45.06% |
VRSN | 20.8B | 1.5B | -0.58% | 14.89% | 29.1 | 14.19 | 6.49% | -12.09% |
| MID-CAP | ||||||||
CACI | 7.3B | 6.7B | -1.47% | 14.23% | 19.05 | 1.09 | 8.05% | 4.89% |
SAIC | 5.8B | 7.7B | -5.59% | 17.19% | 11.63 | 0.75 | 2.42% | 91.92% |
DXC | 5.5B | 14.2B | 0.93% | -24.03% | 7.64 | 0.37 | -10.50% | -216.97% |
| SMALL-CAP | ||||||||
FSLY | 2.5B | 468.2M | 2.33% | 115.59% | -15.09 | 5.33 | 20.26% | 14.89% |
CSGS | 1.7B | 1.1B | -1.91% | -2.55% | 23.67 | 1.45 | 7.84% | 61.27% |
SABR | 1.5B | 2.8B | -12.48% | -29.19% | -2.92 | 0.55 | 27.04% | 7.76% |
UIS | 265.7M | 2.0B | -10.74% | -61.29% | -2.51 | 0.13 | 1.13% | -9.87% |
INOD | 218.5M | 76.3M | -43.53% | 142.77% | -26.82 | 2.86 | -2.06% | 4.76% |
TCX | 213.0M | 322.4M | -5.21% | -50.22% | -2.98 | 0.66 | -0.06% | -960.96% |
BCOV | 146.8K | 203.2M | -10.73% | -48.49% | -0.01 | 7e-4 | -4.42% | -884.97% |
Okta News
Returns for OKTA
Cumulative Returns on OKTA
4.1%
5-Year Cumulative Returns
-25.0%
3-Year Cumulative Returns
Risks for OKTA
What is the probability of a big loss on OKTA?
98.8%
Probability that Okta stock will be more than 20% underwater in next one year
50%
Probability that Okta stock will be more than 30% underwater in next one year.
30.4%
Probability that Okta stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does OKTA drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Okta was unfortunately bought at previous high price.
Drawdowns
Financials for Okta
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | 5.3% | 2,065 | 1,961 | 1,858 | 1,731 | 1,600 | 1,464 | 1,300 | 1,152 | 1,018 | 903 | 835 | 768 | 704 | 644 | 586 | 534 | 487 | 441 | 399 | 361 | 322 |
| Gross Profit | 6.6% | 1,497 | 1,404 | 1,312 | 1,205 | 1,103 | 1,003 | 904 | 813 | 733 | 668 | 617 | 567 | 519 | 471 | 427 | 388 | 352 | 316 | 286 | 256 | 226 |
| Operating Expenses | 2.2% | 2,183 | 2,136 | 2,124 | 2,075 | 1,965 | 1,920 | 1,672 | 1,420 | 1,193 | 910 | 821 | 761 | 707 | 657 | 613 | 557 | 503 | 463 | 405 | 372 | 348 |
| S&GA Expenses | -0.4% | 1,066 | 1,070 | 1,066 | 1,029 | 943 | 876 | 771 | 664 | 570 | 469 | 427 | 405 | 382 | 362 | 340 | 310 | 280 | 261 | 228 | 210 | 200 |
| R&D Expenses | 2.6% | 638 | 622 | 620 | 614 | 596 | 562 | 469 | 384 | 312 | 243 | 223 | 204 | 188 | 174 | 159 | 146 | 132 | 116 | 102 | 92.00 | 83.00 |
| EBITDA | 100.0% | - | -664 | -790 | -856 | -851 | -909 | -745 | - | - | -232 | -193 | -180 | -185 | -181 | -183 | -169 | -139 | -135 | -110 | -104 | -109 |
| EBITDA Margin | 100.0% | - | -0.34* | -0.43* | -0.49* | -0.53* | -0.62* | -0.57* | - | - | -0.26* | -0.23* | -0.23* | -0.26* | -0.28* | -0.31* | -0.32* | -0.29* | -0.31* | -0.28* | -0.29* | -0.34* |
| Interest Expenses | -8.9% | 10.00 | 11.00 | 11.00 | 31.00 | 51.00 | 71.00 | 91.00 | 92.00 | 91.00 | 85.00 | 73.00 | 61.00 | 46.00 | 34.00 | 27.00 | 21.00 | 17.00 | 17.00 | 15.00 | 15.00 | 14.00 |
| Earnings Before Taxes | 15.1% | -572 | -674 | -801 | -888 | -903 | -981 | -850 | -688 | -540 | -317 | -266 | -240 | -231 | -215 | -210 | -189 | -156 | -152 | -125 | -119 | -123 |
| EBT Margin | 100.0% | - | -0.34* | -0.43* | -0.51* | -0.56* | -0.67* | -0.65* | -0.60* | -0.53* | -0.35* | -0.32* | -0.31* | -0.33* | -0.33* | -0.36* | -0.35* | -0.32* | -0.35* | -0.31* | -0.33* | -0.38* |
| Net Income | 14.3% | -591 | -690 | -815 | -902 | -915 | -981 | -848 | -682 | -534 | -317 | -266 | -241 | -231 | -214 | -208 | -189 | -155 | -151 | -125 | -117 | -121 |
| Net Income Margin | 100.0% | - | -0.35* | -0.44* | -0.52* | -0.57* | -0.67* | -0.65* | -0.59* | -0.52* | -0.35* | -0.32* | -0.31* | -0.33* | -0.33* | -0.36* | -0.35* | -0.32* | -0.34* | -0.31* | -0.32* | -0.36* |
| Free Cashflow | -100.0% | - | 189 | 74.00 | 7.00 | 35.00 | 52.00 | 92.00 | 118 | 125 | 137 | 115 | 101 | 69.00 | 57.00 | 40.00 | 25.00 | 17.00 | 9.00 | -4.64 | -10.01 | -21.87 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | -2.1% | 8,713 | 8,900 | 9,307 | 9,094 | 9,074 | 9,046 | 9,206 | 8,997 | 8,932 | 3,430 | 3,299 | 3,170 | 3,115 | 2,037 | 1,955 | 1,871 | 1,027 | 999 | 984 | 797 | 764 |
| Current Assets | -5.5% | 2,686 | 2,843 | 3,229 | 3,007 | 2,946 | 2,899 | 3,041 | 2,853 | 2,877 | 3,012 | 2,879 | 2,758 | 2,707 | 1,634 | 1,600 | 1,527 | 697 | 677 | 708 | 658 | 633 |
| Cash Equivalents | 184.8% | 356 | 125 | 264 | 250 | 216 | 194 | 273 | 372 | 225 | 660 | 435 | 410 | 957 | 619 | 532 | 1,040 | 207 | 208 | 311 | 196 | 193 |
| Net PPE | -9.3% | 49.00 | 54.00 | 59.00 | 61.00 | 67.00 | 66.00 | 65.00 | 61.00 | 62.00 | 63.00 | 63.00 | 62.00 | 63.00 | 62.00 | 54.00 | 52.00 | 52.00 | 52.00 | 53.00 | 44.00 | 41.00 |
| Goodwill | 0% | 5,406 | 5,406 | 5,400 | 5,400 | 5,400 | 5,401 | 5,401 | 5,401 | 62.00 | 5,290 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 18.00 | 18.00 | 18.00 |
| Liabilities | -8.7% | 3,073 | 3,366 | 3,841 | 3,686 | 3,621 | 3,573 | 3,284 | 3,012 | 2,890 | 2,748 | 2,605 | 2,490 | 2,430 | 1,624 | 1,550 | 1,472 | 776 | 759 | 732 | 552 | 519 |
| Current Liabilities | 6.9% | 1,456 | 1,362 | 1,465 | 1,309 | 1,237 | 1,185 | 1,243 | 988 | 913 | 800 | 1,546 | 574 | 534 | 570 | 547 | 478 | 621 | 602 | 573 | 245 | 218 |
| Shareholder's Equity | 1.9% | 5,640 | 5,534 | 5,466 | 5,408 | 5,453 | 5,473 | 5,922 | 5,985 | 6,042 | 683 | 693 | 681 | 685 | 413 | 405 | 398 | 251 | 239 | 252 | 245 | 245 |
| Retained Earnings | -4.3% | -2,705 | -2,594 | -2,475 | -2,322 | -2,113 | -1,902 | -1,816 | -1,574 | -1,353 | -1,076 | -967 | -891 | -818 | -758 | -701 | -650 | -587 | -544 | -492 | -461 | -431 |
| Additional Paid-In Capital | 2.6% | 8,359 | 8,148 | 7,974 | 7,786 | 7,607 | 7,412 | 7,750 | 7,559 | 7,391 | 1,754 | 1,656 | 1,570 | 1,499 | 1,168 | 1,106 | 1,049 | 840 | 784 | 745 | 707 | 677 |
| Shares Outstanding | 0.9% | 163 | 161 | - | 159 | 157 | 156 | - | 154 | 151 | 132 | 127 | 129 | 126 | 123 | 117 | 116 | 115 | 113 | 108 | 109 | 107 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | 36.7% | 268 | 196 | 86.00 | 23.00 | 51.00 | 67.00 | 104 | 126 | 132 | 145 | 128 | 118 | 85.00 | 73.00 | 56.00 | 41.00 | 37.00 | 32.00 | 15.00 | 5.00 | -10.69 |
| Share Based Compensation | 2.2% | 687 | 672 | 677 | 670 | 655 | 673 | 566 | 463 | 361 | 221 | 195 | 177 | 159 | 142 | 127 | 112 | 98.00 | 85.00 | 76.00 | 68.00 | 61.00 |
| Cashflow From Investing | 2800.0% | 493 | 17.00 | -130 | -204 | -124 | -606 | -367 | -247 | -944 | -1,203 | -1,305 | -1,830 | -1,212 | -511 | -688 | -44.21 | -77.64 | -83.98 | -197 | -296 | -287 |
| Cashflow From Financing | -119.4% | -621 | -283 | 48.00 | 64.00 | 68.00 | 78.00 | 89.00 | 84.00 | 80.00 | 1,094 | 1,092 | 1,085 | 1,878 | 854 | 853 | 850 | 59.00 | 52.00 | 358 | 358 | 373 |
OKTA Income Statement
2023-07-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
| Revenue: | ||||
| Total revenue | $ 556,000 | $ 452,000 | $ 1,074,000 | $ 867,000 |
| Cost of revenue: | ||||
| Total cost of revenue | 149,000 | 138,000 | 291,000 | 269,000 |
| Gross profit | 407,000 | 314,000 | 783,000 | 598,000 |
| Operating expenses: | ||||
| Research and development | 172,000 | 156,000 | 335,000 | 318,000 |
| Sales and marketing | 261,000 | 265,000 | 517,000 | 517,000 |
| General and administrative | 119,000 | 101,000 | 229,000 | 211,000 |
| Restructuring and other charges | 17,000 | 0 | 24,000 | 0 |
| Total operating expenses | 569,000 | 522,000 | 1,105,000 | 1,046,000 |
| Operating loss | (162,000) | (208,000) | (322,000) | (448,000) |
| Interest expense | (2,000) | (3,000) | (5,000) | (6,000) |
| Interest income and other, net | 18,000 | 5,000 | 35,000 | 7,000 |
| Gain on early extinguishment of debt | 42,000 | 0 | 73,000 | 0 |
| Interest and other, net | 58,000 | 2,000 | 103,000 | 1,000 |
| Loss before provision for income taxes | (104,000) | (206,000) | (219,000) | (447,000) |
| Provision for income taxes | 7,000 | 4,000 | 11,000 | 6,000 |
| Net loss | $ (111,000) | $ (210,000) | $ (230,000) | $ (453,000) |
| Net loss per share, basic (in dollars per share) | $ (0.68) | $ (1.34) | $ (1.42) | $ (2.89) |
| Net loss per share, diluted (in dollars per share) | $ (0.68) | $ (1.34) | $ (1.42) | $ (2.89) |
| Weighted-average shares used to compute net loss per share, basic (in shares) | 162,755 | 157,400 | 162,051 | 156,650 |
| Weighted-average shares used to compute net loss per share, diluted (in shares) | 162,755 | 157,400 | 162,051 | 156,650 |
| Subscription | ||||
| Revenue: | ||||
| Total revenue | $ 542,000 | $ 435,000 | $ 1,045,000 | $ 833,000 |
| Cost of revenue: | ||||
| Total cost of revenue | 128,000 | 117,000 | 250,000 | 228,000 |
| Professional services and other | ||||
| Revenue: | ||||
| Total revenue | 14,000 | 17,000 | 29,000 | 34,000 |
| Cost of revenue: | ||||
| Total cost of revenue | $ 21,000 | $ 21,000 | $ 41,000 | $ 41,000 |
OKTA Balance Sheet
2023-07-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jul. 31, 2023 | Jan. 31, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 356,000 | $ 264,000 |
| Short-term investments | 1,750,000 | 2,316,000 |
| Accounts receivable, net of allowances of $7 and $8 | 388,000 | 481,000 |
| Deferred commissions | 101,000 | 92,000 |
| Prepaid expenses and other current assets | 91,000 | 76,000 |
| Total current assets | 2,686,000 | 3,229,000 |
| Property and equipment, net | 49,000 | 59,000 |
| Operating lease right-of-use assets | 92,000 | 122,000 |
| Deferred commissions, noncurrent | 218,000 | 210,000 |
| Intangible assets, net | 211,000 | 241,000 |
| Goodwill | 5,406,000 | 5,400,000 |
| Other assets | 51,000 | 46,000 |
| Total assets | 8,713,000 | 9,307,000 |
| Current liabilities: | ||
| Accounts payable | 13,000 | 12,000 |
| Accrued expenses and other current liabilities | 95,000 | 112,000 |
| Accrued compensation | 123,000 | 99,000 |
| Deferred revenue | 1,225,000 | 1,242,000 |
| Total current liabilities | 1,456,000 | 1,465,000 |
| Convertible senior notes, net, noncurrent | 1,451,000 | 2,193,000 |
| Operating lease liabilities, noncurrent | 122,000 | 142,000 |
| Deferred revenue, noncurrent | 17,000 | 18,000 |
| Other liabilities, noncurrent | 27,000 | 23,000 |
| Total liabilities | 3,073,000 | 3,841,000 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value $0.0001 per share; 100,000 shares authorized; no shares issued and outstanding as of July 31, 2023 and January 31, 2023 | 0 | 0 |
| Additional paid-in capital | 8,359,000 | 7,974,000 |
| Accumulated other comprehensive loss | (14,000) | (33,000) |
| Accumulated deficit | (2,705,000) | (2,475,000) |
| Total stockholders’ equity | 5,640,000 | 5,466,000 |
| Total liabilities and stockholders' equity | 8,713,000 | 9,307,000 |
| Class A Common Stock | ||
| Stockholders’ equity: | ||
| Common stock | 0 | 0 |
| Class B Common Stock | ||
| Stockholders’ equity: | ||
| Common stock | $ 0 | $ 0 |
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.