Is Ping Identity the Next Okta?

Okta (NASDAQ: OKTA) is one of the best-performing stocks of the last few years, with shares up over 800% since its initial public offering (IPO) in April of 2017. The company's identity security platform is now used within over 10,000 organizations and is growing like a weed year after year. But it isn't the only company with identity solutions. Enter Ping Identity Holding (NYSE: PING). The company went public in 2019 and has a similar product suite as Okta, but is focused on large enterprises.

Is Ping Identity the next Okta? Let's take a look.

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Source Fool.com