Over 1 Year Ago
2 Min Read

A..."bounce" for OKTA? Find out why the stock is trading 7% higher:

Okta Inc Cl A (OKTA) is trading 7% higher at $64.64 today. While the Information Technology sector is having a green day in general, the company is rocketing past it's peers.

  • Stock plummeted by over 33% in a single day due to a tepid guidance from management for Q3
  • Guggenheim upgraded Okta despite the company being in "disarray"

Okta Inc Cl A has been trading between a 52-week high of $276.3 and a 52-week low of $58.12. The stock has a market cap of $9.75 Billion.

Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential.


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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

_igg - 8 upvotes - source
Damn, I can’t believe i talked myself out of buying Okta puts yesterday. I’m gonna go touch my pp to make myself feel better.

indyyo1 - 6 upvotes - source
OKTA 68p up 98,000% Jesus fuck

Contextual-Investor - 6 upvotes - source
Damn they sent Okta back to 2018 ![img](emote|t5_2th52|4271)

gspach - 5 upvotes - source
I got gaped by OKTA...sold puts. debating what to do...

AlmightyBagHolder - 4 upvotes - source
I thought about it because my job started using OKTA lol

_trice_a_roni - 4 upvotes - source
What I really want to know is where the fuck was the OKTA put DD yesterday?

Ghost1914 - 3 upvotes - source
$1k in OKTA 9/2 puts near the lowest strike would be 6 figures now

i_piss_u_off - 3 upvotes - source
look at how they massacred my okta

rushhour08 - 3 upvotes - source
Okta beats earnings and craters 40%. Snap lays off 20% of its staff and is up. Makes perfect sense.

tharco - 3 upvotes - source
newly minted OKTA millionaires show ur selves