Will Okta Inventory Bounce Again in 2023?
Like most software program shares did in 2022, Oct (OCT -1.14%) upset buyers.
With the yr nearly over, shares of Okta, the cloud identification firm that helps workers and prospects log in and keep linked to the apps they want, are buying and selling down 70% yr thus far, spoiling what has been an ideal run for the inventory since its IPO in 2017.
Falling valuations within the software program sector and macro headwinds weighed on the inventory. Shares additionally took a success in September on the corporate’s personal admission of issues integrating the gross sales power from Auth0, the…