Okta, Inc. - Class A Common Stock (OKTA)

Cybersecurity stock OKTA fell more than 15% following its Q1 release, but investors should cheer while they back up the truck to load up on shares.

11 large-cap stocks with worst performance in last week: SMMT, PDD, REGN, BAH, OKTA, DECK, CPRT, COO, TPL, HPQ, BURL. Mixed results, lowered forecasts.

US markets closed lower on May 20, 2025, with investor caution ahead of Nvidia earnings and growing recession concerns from the Fed.

Is Okta stock still a growth stock?

After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp.

Okta Inc (NASDAQ:OKTA) shares are falling Wednesday after the company reported first-quarter financial results and provided cautious forward-looking commentary. Multiple analysts also lowered price targets following the report.

Analysts at Jefferies highlighted that while Okta’s Q1 results were healthy, the company’s guidance for current remaining performance obligations in the second quarter was a surprise.

Discover the top movers in Wednesday's pre-market session and stay informed about market dynamics.

CEO Todd McKinnon said the company had a solid start to FY26 highlighted by record operating profit and another quarter of robust free cash flow.