Okta's board has approved the repurchase of up to $1 billion in Class A common stock.
Okta on Monday said it plans to fund the buyback with cash on hand and cash flow from operations, adding that the move reflects confidence in its business and long-term opportunities, as well as its belief that its shares are undervalued.
The San Francisco identity-security company, which had nearly 169.5 million Class A shares outstanding as of Nov. 28, sports a market capitalization topping $14.8 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 05, 2026 08:26 ET (13:26 GMT)
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