OKTA

GoldBlueberryy

Shorted OKTA yesterday. 💰

ArkanenCastle

👉🏻👉🏻👉🏻 **Here's what's happening** Word has it that a fund is offloading **cybersecurity** names (look at $PANW, $OKTA, $CRWD) at a fire sale to cover *massive* margin calls from Neocloud exposure ($CRWV, $NBIS). The rest of the market gets rattled because no one knows if something else will blow up.

ZucchiniConstant

that is a hard one, you can't go off P/E. They look at FCF and cash on hand more than PE. The sector is 1000% inflated and juiced big time, but that doesn't mean its going to tank. I mentioned OKTA because it has ran so much also looking at the chart it had two days down over 4% since April which is crazy for something that had ran over 250%. regardless expect these stocks to stay elevated PE until earnings show other wise or their entire sector gets revalued at that time prices will plunge, but in the mean time there is still money to be made both ways. sometimes its better to be know less than use logic to shoot ourselves in the foot. trust me, i definitely have done that so many times over. I owned tsla before any splits in the 100's. lets just say i should of held back then lol. Others will disagree and say if you buy now regardless you will make money in this sector and long term they're right, but also i would much rather buy lower long term. I do believe before years end we see lower prices on a lot of these cyber companies.

dvdmovie1

"Mag 7 stocks should be pumping instead??" For years on here people have kept focusing on Mag 7 rather than where Mag 7 was spending a bajillion dollars - people wanted the giant obvious household names to work rather than research the beneficiaries. "I don’t get why they got 5k and 1k PE ratio when their revenue and profits aren’t growing at like a crazy insane rate." As other people have said, narrative. This has continued to be a market of narratives and the narratives work until they don't. You have stuff like TWST going up every day and spending considerable amounts of time well above the 20 day ma and then all the sudden momentum reverses - momentum goes both ways but it's an escalator up until it's an elevator down. OKTA and all the cyber security stuff will most likely check back to the 20 day sooner than later. Not bad companies, but just examples of how powerful narratives remain until they stop/people look for the next thing (memory stocks since last Summer.)

ZucchiniConstant

entra has more of market share than okta does, how is okta a gatekeeper? its doesn't own the lions share in any of SAM's its in. also they're not converting securing identities to revenue hence the ai revenue not even being large enough to be on earnings. you present an oxymoron with your statement. they don't care about ai revenue being material yet, they care that every company deploying AI will need to manage and secure those those agents. One they will never be able to charge per agent, but two who is to say that okta will largely in the mix. the ai boom started 4 years ago and more ai agents are being deployed than ever and their growth rate is down to 11%, they're not guiding up to match demand because there is none that is convertible to revenue. again they own under 5% in identity sector as a whole. they own 17% market share roughly in sso and iam which entra aka msft owns nearly double in both. also OKTA is worth more than their entire SAM combined right now, so even if they did own 100% which they do not it would be overvalued. here is what i said about FCF jump its an accounting game, not an actual improvement. FCF rose to 40% by doing a few things. slashing capex spending and internal spending. In their official guidance for the full year, management explicitly cautioned that full year cash margins will actually step down (guiding FCF margin to 28% down from 31% delivered previously) due to lower interest income and share buyback cash drains. FCF at 40% is not compoundable rate and even the company itself stated 28% margin on the year for FCF, but like i said some good accounting to make the quarter look solid.

greenpride32

I had held OKTA stock for almost 10 years and recently exited after the runup. I think your 6 month and YTD timeframes for performance are bit skewed because OKTA got crushed by SasSpolcalypse fears. Just take a look at all the SaaS stocks of that era - PAYC HUBS MDB NOW VEEV WDAY - even a CRM which predates the era - they all got crushed and have experienced a recovery (maybe not so much HUBS). With OKTA, you got a little bit extra runup beyond SaaS recovery due to AI safety fears. In reality, none of these cybersecurity companies have an "AI" solution. "Containing an AI agent" is a novel concept that isn't a solution that is offered. Wall Street media's job isn't to present you with good information, it's to get you interested in making moves because liquidity makes them money. Wall Street media doesn't even have basic understanding of what these companies do.

figs_and_flour

We could debatably say that OKTA doesn’t necessarily need AI revenue today for the market to price in future demand for cybersecurity as AI expands. Their core business is identity/access management and cybersecurity is integral to AI adoption As companies deploy more AI agents/automated systems, the need to secure both human and nonhuman identities will only become more important. Investors may be pricing in that LT opportunity rather than Okta’s current AI revenue. Whether that justifies its valuation is a separate question Their revenue also grew revenue 11%, op income increased from $41M to $107M, FCF rose 40%

Gl_drink_0117

Better choice to short is CRWD from a evaluation perspective and software starts going south, that and OKTA will be the ones to plummet imo

MandingoPants

Probabilities have to be at 80-85%+ in order to be a "certainty".  Also, go look at NOW, TEAM, ZS, PANW, OKTA, TWLO, MDB, SNOW, DDOG. Valuations were compressed, hit 52 or all time lows in April.  The debt heavy infra providers are getting hit more than growth saas because growth saas already compressed HARD. This isn't to say that a 10Y at 5.1% isn't gonna shave a bit of valuation from them in the coming weeks, but when they say that things are "priced in" and why you are always one step behind it is because you see headlines and numbers and act upon said info instead of continuously looking across the entire market to spot what isn't moving the same way as the rest of its sector, and the sector within the market, and the market within macro. 

MychaelP

I bought options for 2 years and lost a ton. I think it was like a gambling addiction. Stopped. Then some csp and cc. Now I sell spreads with $500 cash leveraged and 97 weeks tracked all have a profit. Even with loss weeks like this one with OKTA bear call spreads I took a $336 loss on. I sleep better now also. Check spreads out.

Spac55

$DELL. Give donation to Trump Kids account Got few Billion contracts from DC Hedge fund buddies pump DELL DELL, looking to add debt load . Is it circular finance? $HPE $PANW $OKTA downgraded AI cooling soon cool, semi & servers $SPY $QQQ $SMH higher rate pain 1 by 1

Spac55

Time to dump PANW, DELL, OKTA ,

Don_Bronco

what just happened to OKTA

Fun_Presentation_215

In theory, we can transform into one big degenerate, hack something related to CRDW/PANW/OKTA, and then benefit from puts

Beginning-Fig-9089

the list goes on, $SAIL, $OKTA, $NTSK, $RBRK

CommanderLeona

I'm strongly considering $SAIL calls tomorrow given CRWD and OKTA, but going to see what the flow looks like

Locke_____Lamora

I only have 5% invested right now. At least its in sandick. I want HOOD and AMD and DELL and 2 of GOOGL/AMZN/AAPL/MSFT not sure which 2 yet tbh but I'm heavily biased towards google and amazon and some NBIS and maybe OKTA and AVGO as well. Hopefully we can get some actual momentum this week.

Anameisheere

There’s a stock rn on this calendar that not a single person is talking about that’s gonna +30% next week like OKTA did. Wth is an okta

option-trader

Tell that to OKTA call sellers. 

Gl_drink_0117

Opened short positions for CRWD, NOW, CRM, OKTA as they have ridiculous PE FWD. Got to crash at some point. AMD hasn't come down heavily yet, just the hype is too high

Riskismyapellido

oh I meant ur OKTA play! RBRK, I din't know what happened there. The material rights could not be the reason, I think it wqs a fake sell-off like last time. Think it will recover during regular market hours

FaithlessnessOk7379

)ŞRBRK © $RBRK is a $200 stock. ®$ZS ŞOKTA

Inevitable_Draw_1277

OKTA puts?

Stocks_N_Bondage

Closed today: NVDA • OKTA both printed Opened Today Aug 27 - Calls: IREN • WDAY - Puts: MRVL - Calls Half Position: RBRK • S • ESTC Notes: RBRK • S • ESTC are half position because today seems like may be priced in... but hope springs eternal... Disclaimer: spinning wheel round and round...

EnginrA

Damn those OKTA 170c’s printed HARD

OptionsHuduga

what if I told u there is a GOD stock by the name of OKTA which will never go down again

Fun_Presentation_215

PANW CEO said he was going to buy DDOG and OKTA back in 2024–25, but he shit his pants. Literally nothing has changed, and the stock is up 10%. I hope they get destroyed by earnings next week.

Winter-Fearless

OKTA pre-pumping

All_YourBase

It got overshadowed by NVDA. Many of the other stocks like CRWD and OKTA crushed earnings announcements yesterday.

Anameisheere

# Predictions for tomorrow: —> NBIS 260+ —> MRVL 270+ —> RDDT 165+ —> NVDA 225+ —> IREN 45+ —> OKTA, CRM, and CRWD will keep their ah momentum U can downvote and disagree idc, just expressing my opinion

Prestigious-Back2971

Maybe RBBK since OKTA + crowdstrike already confirms the trend

OddAccount9912

OKTA 19% wow

DavidLeeBroth

How do we feel about OKTA puts at open?

rayleigh-san

OKTA calls printing hard. Easy 1k% gain for my deep OTM call tomorrow.

rayleigh-san

OKTA

Beginning-Fig-9089

https://www.reddit.com/r/wallstreetbets/s/NpzOYVTkAp i got downvoted for OKTA/CRWD calls smh

emr1028

Two of my biggest holdings are CRM and OKTA. I am so happy. 

dotcombubble707

Hhhhhnngggg 💦💦💦 OKTA

Axentoke

Silly me going for Agilent calls instead of CRM or CRWD or OKTA. It did…something

OrangMiskin

OKTA and CRM. Goddam

bslaven3

Yep CRM is another I looked at today as well, but never really considered it. OKTA was the only one I truly looked at today. I hate myself

EnginrA

Holy OKTA

VoidMageZero

Wow OKTA shot up 📈

AeneasKurtz

$CRM printing $CRWD printing $OKTA printing Too bad all these stocks will tank anyway if Nvidia tanks or goes flat

DarkR124

wtf are these OKTA spreads? Guess I’m not playing fuck that https://preview.redd.it/dmoulpdjyrlh1.jpeg?width=1179&format=pjpg&auto=webp&s=e7256b6c92191c0eba1c514d411b9b4c106f1e24

Riskismyapellido

did u see the BIG HUGE GREEN ON OKTA ?

jerome-yellen

What about $CRM $CRWD $OKTA? You guys only care about $NVDA?

zarfidemha

Gonna play OKTA calls and CRWD puts for the earnings

shmito17

OKTA puts.

Stocks_N_Bondage

Opened Today Aug 26 - Calls: NVDA • OKTA - Puts: SNPS Disclaimer: Fear and Loathing in Las Vegas.

Beginning-Fig-9089

OKTA CRWD calls

thenorthernwhiteboy

Shorting OKTA, A, CRWD and CRM 📉

Agile-Month-366

OKTA puts anyone?

the-real-batman3

OKTA puts for tomorrow?

diefy7321

Even tho CRWD gives me anxiety, I prefer it over OKTA

Locke_____Lamora

On watch for tomorrow FTNT and OKTA. Both look prime for a breakout. I'm currently in PANW, HPE, PLTR, TWLO, and GOOGL(this shits on thin ice though).

Ok-Nose29

OKTA, Sentinel

Immediate-Finding454

A lot of security related SaaS companies were up between 7-12% on this news: OKTA, CRWD, ZS, PANW

SkepticalGerm

OKTA is gonna make me rich

trancik

People are chasing higher returns and don't see as much upside on the ones doing well today. OKTA/SNOW/DDOG etc are already doing well, so armchair investors ignore those and go for companies that have dropped 50%+ in a year and are hoping for 2-3x+

Some-Aspect2913

trading with u/trsx5 OKTA is our move today.

-eShTuPiD

if you missed my call last week on OKTA where it went from 94 to $130. Don't miss VEEV. similar play and similar setup

Yonderbeyonder

I feel like OKTA is becoming too big to fail at this point

SkepticalGerm

Is it too late to buy more OKTA

SkepticalGerm

I don’t understand what’s up with OKTA

kumako10

Time to buy OKLO. Maybe people will buy by accident instead of OKTA

SkepticalGerm

So OKTA to infinity then? Is it just gonna rise forever?

-eShTuPiD

I got laughed at on Thursday when I mentioned OKTA at $94.... Guess who's laughing now 🤑

tanishka_d28

Earnings plays like this are where limit orders kill you, the move already priced itself in by open. Next time consider scaling out in thirds instead of anchoring to one target. I've been taking OKTA-style momentum trades through markets xyz perps, or just scalp weeklies manually.

Cramer4President

Huge narrative change yesterday. Enterprise software (SaaS) has getting killed steadily the last year because of fear of AI Agents just doing everything. But after NOW and OKTA earnings, the market realized the AI Agents will be USING that software and actually benefit it. That's why we saw that huge spike with enterprise software, like msft, crm, ddog, orcl etc. It's all still wayyyy below all time highs, and could rally HARD from here. Thoughts?

Sam_Sigmann123

I had reduced my footprint on this and OKTA, big mistake

No_Current3675

OKTA holy fuk

kumako10

buy what you use: SNOW, OKTA, reddit. should've yoloed into these earlier

-eShTuPiD

OKTA new high of day for the 20th time. And y'all still sleeping on it's potential 😎

_hiddenscout

Haven't seen much on it, but crazy day for OKTA lol. Market seems happy with the report.

-eShTuPiD

OKTA $123 can we get 2 more points by 4.

Avocadonot

OKTA products fucking suck and thats all I need to know. There's also no competetive moat, its just glorified auth

-eShTuPiD

OKTA here's the next leg. $125 minimum by end of day

-eShTuPiD

You guys still sleeping on this undervalued company working with huge tech and AI companies including AWS, Snowflake, ServiceNow, Dell and OpenAi and many more. OKTA $120 Next leg $125 🚀🚀

RegardedWhale

Agree with you. OKTA and ZS are cranking. Seems like a dip buying opportunity.

-eShTuPiD

OKTA 🚀🚀 it's still not too late ladies and gentlemen

-eShTuPiD

OKTA still blue sky territory and still low volume. Give me $119. There's absolutely no resistance till $127

Geaux

OKTA crushing it this morning

No_Current3675

holy fuk OKTA

-eShTuPiD

OKTA $117. Moves 1 point up every 5 min. We're in blue sky territory. Just needs that volume. 🙌🏾

Always_Curious_One2

OKTA is Just getting started with identity verification of AI agents. Well handled conf call. Earnings are going up a lot. Street still well behind at 25X ntm

-eShTuPiD

Y'all should come show love to OKTA. No resistance going up. Just needs that volume. Cybersecurity Ai Agentic company that has partnerships with ServiceNow, AWS, Dell and has also help launch ChatGPT and many more.

-eShTuPiD

OKTA next leg $130 🚀🚀🚀

-eShTuPiD

OKTA not much resistance after $105 👀

Professional-Tap2052

OKTA had good earnings but I thought AI is replacing all the work force

EightBitMemory

OKTA ok I see you!!

TheSeeker331

Anyone know what’s happening with $OKTA? Doesn’t seem to be moving much in either direction. I guess it’ll be a theta burn

callsonreddit

I'm going long on DELL VSAT OKTA earnings Better buy puts

MandingoPants

Up 16k on MDB and OKTA calls. Gonna hold them through earnings, LFG!

snowdogdb

I invested in several companies with strong financials that are thriving in a strong market. They beat their numbers in recent earnings reports. …in other words, I’m going broke. Thank you ZS and BOX. Now that I understand the bass ackwards market we live in, I’ll be dumping SNOW and OKTA before they give good news and plummet later this week.

NotGucci

Calls on COST, CRM, MRVL, DELL, ADSK, and OKTA Then also by SOXL, calls on MU, AMD, and NVDA..,

BlackBaconBets

Thoughts on OKTA calls. Earnings is Thursday current price is at $93.6 in today’s premarket i am thinking of getting a few $100 calls that expire Friday

EdotSavage

!Banbet OKTA +10% 1w

Rph55yi

DDOG- observability layer if cloud + ai stacks OKTA- identity/security backbone in enterprise SaaS PLTR- AI + defense data operating system narrative HUBS- SMB SaaS + automation leverage FFIV - network traffic + enterprise infrastructure flow BWAY- niche medical tech optionality ARM- core IP layer for AI compute expansion IREN- AI infra+ energy-backed compute exposure

AuthenticatedUser

Cut the ones with poor growth, consolidate cash weighted towards winners. Go ahead and make your shit messy again over the course of another half decade. A ton of those lost you money just to inflation. Anyone sub-30% is a wash and you get to pay taxes, woo. OKTA can offset a bit of it at least. Anything less than 60 over the past 5 years lost to passively investing the index. Hell, you'd prolly do well to just rotate all your losers' cash into voo. Your winners keep winning and your floor becomes higher. You do have some very risky winners. Consider putting research towards when you may need to take profit. That's all my tired brain got for ya. Never seen a port so weird.