4 Metrics Behind Okta's Soaring Stock Price
Identity management platform provider Okta (NASDAQ: OKTA) has been on a tear this year. Year to date, shares of Okta are up 57%, crushing the S&P 500's 1% decline during this same period. The company has been perfectly positioned to benefit from the broad secular tailwind of companies in all industries going through digital transformations and the more near-term trend, fueled by COVID-19, of a growing number of employees working from home.
Here's a closer look at what's behind this growth stock's momentum.
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Source Fool.com
