Okta

OKTA

Okta, Inc. is a publicly traded identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into modern applications, and for developers to build identity controls into applications, website web services and devices. It was founded in 2009 and had its initial public offering in 2017, being valued at over $6 billion.

Okta has been a target of short sellers for a while. The current short interest of 4.16% is roughly at the average of the last 12 months (4.38%).