AI Agent Security Boosts Okta Shares

Technology security firm Okta, Inc. (OKTA) up 50.1% in a year thanks to AI demand, institutional inflows.

OKTA helps secure information systems through its enterprise identity management platform, which includes single sign-on, multi-factor authentication, access gateway, API access management, authentication, adaptive MFA, and lifecycle management, along with a new focus on securing AI agents.

OKTA’s first-quarter 2027 report showed $765 million in revenue (an 11.2% year-over-year gain), per-share earnings of $0.42 (an 18.3% sequential gain), roughly $2.6 billion in cash on hand, and $680 million in share repurchases still to take place.

No wonder OKTA shares are up 72% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.

Institutional volumes reveal plenty. In the last year, OKTA has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in OKTA shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Okta.

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, OKTA has had strong sales and earnings growth:

3-year sales growth rate (+16.3%)

3-year EPS growth rate (+...