The Latest Breaking News from Okta

Okta (NASDAQ:OKTA) has outperformed the market over the past 5 years by 30.31% on an annualized basis producing an average annual return of 43.92%. Currently, Okta has a market capitalization of $22.73 billion.

Four cybersecurity researchers investigating Lapsus$ group's hacks against tech companies, including Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Okta Inc (NASDAQ:OKTA), have traced the attacks to a 16-year-old living with his mother near Oxford, England, Bloomberg reports. The researchers employed forensic evidence and publicly available information to tie the teen to Lapsus$. Another member of Lapsus$ is suspected…

Raymond James analyst Adam Tindle downgraded Okta Inc (NASDAQ:OKTA) to Market Perform from Strong Buy and removed his previous $260 price target.  His prior thesis was that Okta could become a "platform cloud," similar to Salesforce.com Inc (NYSE:CRM). However, his channel conversations have suggested a continually disconnected CIAM go-to-market strategy.  Meanwhile, although partners were willing to trust…

Digital authentication firm Okta Inc (NASDAQ:OKTA) Chief Security Officer David Bradbury admitted maximum potential impact to 366 customers by the Lapsus$ breach. An outside contractor, Sitel Group, accessed the data. Okta first became aware of the breach in January. However, Sitel received a forensic report about the incident on March 10 and shared a…