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Why Okta Stock Gained 120% in 2020

TheMotleyFool

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Shares of Okta (NASDAQ: OKTA) spiked 120.4% last year, according to data provided by S&P Global Market Intelligence, as investors flocked to technology stocks to ride out lockdowns and a pandemic-induced recession.

Okta is a leader in identity and access management, and as companies pivoted to working from home last year, many tapped Okta's services to manage their employees' online permissions.

Image source: Getty Images.

Source Fool.com

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