Shares of Okta (NASDAQ: OKTA), the cloud-based identity-management specialist, were moving higher last month as investors continued to pile into SaaS (software-as-a-service) stocks. The company also got a boost from some positive analyst commentary during the month and a strong first-quarter earnings report at the end of May. According to data from S&P Global Market Intelligence, the stock finished May up 29%.
As you can see from the chart below, the stock gained steadily over most of the month.
Source Fool.com