I first bought into Okta in Oct-18, and have followed it extensively since. This company is so well positioned from its technology stance, but the financials tell a slightly different story -- it has been slowly leaving its hypergrowth behind, and is now entering its next phase around profitability. Over the past year, I have been reducing my position as the top-line growth has waned, finally exiting the position this past May. Beyond (or, perhaps, behind) the faltering top line growth, I see a few platform and product concerns that I wanted to detail further. Yet at the same time, I see a lot to be excited about as Zero Trust is more adopted.
Premium: Okta Moves
A look at what Okta has been doing over the start of 2021, and how it's treating its partners.