Okta's Trading Volume Drops to $428 Million, Ranked Second in Daily Decline

On April 7, 2025, Okta's trading volume reached $428 million, marking a 38.55% decrease from the previous day. The stock price fell by 0.75%, extending its losing streak to three days, with a cumulative decline of 13.42% over this period.

Okta recently reported strong financial results for the fourth quarter, with revenue reaching $682 million and a net income of $23 million. This robust performance has contributed to a 33% surge in the stock price over the last quarter.

Hel Ved Capital Management Ltd acquired a new position in Okta during the fourth quarter, indicating growing institutional interest in the company. Additionally, several research analysts have recently issued reports on Okta shares, with Susquehanna lifting their price target from $95.00 to $105.00.

Okta exited the fourth quarter of fiscal 2025 with 19,650 customers, reflecting a 7% year-over-year increase in customers with more than $100,000 in Annual Contract Value (ACV). This growth in customer base and contract value underscores the company's strong market position and potential for future revenue growth.

Active Cyber and Alcor Solutions, Inc. recently formed a joint venture to enhance the adoption of Okta solutions, further bolstering the company's market presence and strategic partnerships.