On August 27, Okta Inc. rose 6.53% in after-hours trading, trading at $147.09/share, with turnover of $22.08 million.

On the news front, reports emerged that Palo Alto Networks CEO Nikesh Arora had explored acquiring Okta over the past 18 months, aiming to expand its cybersecurity portfolio to address emerging AI threats. Although the deal ultimately did not materialize, Palo Alto subsequently acquired Okta competitor CyberArk for $25 billion. The revelation underscores Okta's strategic value as a core target in the identity security space.

Additionally, Okta recently agreed to acquire cloud-native identity security platform Permiso Security to bolster identity-focused threat detection and AI-agent behavior monitoring. In its most recent quarter, Okta reported revenue of $765 million, up 11.19% year-over-year, with adjusted EPS of $0.91. The company continues to be recognized as the leading independent identity provider, with its Identity Cloud platform enabling secure connections across devices, locations, and applications for enterprise customers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)