Stock Track | Okta Soars 5.16% on S&P MidCap 400 Inclusion and New AI Security Product Launch

Stock Track

Yesterday

Okta Inc. (NASDAQ: OKTA) saw its stock surge 5.16% in pre-market trading on Tuesday, building on the momentum from the previous day's 5.45% gain. The rally is primarily driven by the announcement of Okta's inclusion in the S&P MidCap 400 index and the launch of a new AI security product.

S&P Dow Jones Indices revealed that Okta will replace Berry Global Group Inc. (NYSE: BERY) in the S&P MidCap 400 index, effective prior to the opening of trading on Thursday, May 1. This inclusion is expected to boost demand for Okta shares, as index funds and other institutional investors adjust their portfolios to reflect the change. According to Stephens, passive funds may need to purchase approximately 18.4 million OKTA shares, representing about 6 days of buying demand based on the stock's 3-month average daily trading volume.

Adding to the positive sentiment, Okta recently launched Auth for GenAI, a new offering within its Auth0 Platform. This product allows developers to integrate secure identity solutions into AI applications, addressing growing concerns over data protection in the rapidly evolving AI landscape. The move positions Okta at the forefront of AI security, a sector gaining increasing attention from investors. Furthermore, Okta's recent financial performance has bolstered investor confidence, with the company reporting a significant revenue increase to $2.61 billion and achieving profitability for the fiscal year ending January 31, 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1134092220"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1134092220\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1134092220?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-29 21:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1134092220","market":"sg","top_or_hot":-1,"title":"Stock Track | Okta Soars 5.16% on S&P MidCap 400 Inclusion and New AI Security Product Launch","media":"Stock Track","content":"<p>Okta Inc. (NASDAQ: OKTA) saw its stock surge 5.16% in pre-market trading on Tuesday, building on the momentum from the previous day's 5.45% gain. The rally is primarily driven by the announcement of Okta's inclusion in the S&P MidCap 400 index and the launch of a new AI security product.</p>\n\n<p>S&P Dow Jones Indices revealed that Okta will replace Berry Global Group Inc. (NYSE: BERY) in the S&P MidCap 400 index, effective prior to the opening of trading on Thursday, May 1. This inclusion is expected to boost demand for Okta shares, as index funds and other institutional investors adjust their portfolios to reflect the change. According to Stephens, passive funds may need to purchase approximately 18.4 million OKTA shares, representing about 6 days of buying demand based on the stock's 3-month average daily trading volume.</p>\n\n<p>Adding to the positive sentiment, Okta recently launched Auth for GenAI, a new offering within its Auth0 Platform. This product allows developers to integrate secure identity solutions into AI applications, addressing growing concerns over data protection in the rapidly evolving AI landscape. The move positions Okta at the forefront of AI security, a sector gaining increasing attention from investors. Furthermore, Okta's recent financial performance has bolstered investor confidence, with the company reporting a significant revenue increase to $2.61 billion and achieving profitability for the fiscal year ending January 31, 2025.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Okta Soars 5.16% on S&P MidCap 400 Inclusion and New AI Security Product Launch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Okta Soars 5.16% on S&P MidCap 400 Inclusion and New AI Security Product Launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-04-29 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Okta Inc. (NASDAQ: OKTA) saw its stock surge 5.16% in pre-market trading on Tuesday, building on the momentum from the previous day's 5.45% gain. The rally is primarily driven by the announcement of Okta's inclusion in the S&P MidCap 400 index and the launch of a new AI security product.</p>\n\n<p>S&P Dow Jones Indices revealed that Okta will replace Berry Global Group Inc. (NYSE: BERY) in the S&P MidCap 400 index, effective prior to the opening of trading on Thursday, May 1. This inclusion is expected to boost demand for Okta shares, as index funds and other institutional investors adjust their portfolios to reflect the change. According to Stephens, passive funds may need to purchase approximately 18.4 million OKTA shares, representing about 6 days of buying demand based on the stock's 3-month average daily trading volume.</p>\n\n<p>Adding to the positive sentiment, Okta recently launched Auth for GenAI, a new offering within its Auth0 Platform. This product allows developers to integrate secure identity solutions into AI applications, addressing growing concerns over data protection in the rapidly evolving AI landscape. The move positions Okta at the forefront of AI security, a sector gaining increasing attention from investors. Furthermore, Okta's recent financial performance has bolstered investor confidence, with the company reporting a significant revenue increase to $2.61 billion and achieving profitability for the fiscal year ending January 31, 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OKTA","symbol_name":"Okta Inc.","start_time":0,"source_url":"","article_id":"1134092220","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134092220","pubTimestamp":1745933611,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Okta Inc.  saw its stock surge 5.16% in pre-market trading on Tuesday, building on the momentum from the previous day's 5.45% gain. The rally is primarily driven by the announcement of Okta's inclusion in the S&P MidCap 400 index and the launch of a new AI security product.Adding to the positive sentiment, Okta recently launched Auth for GenAI, a new offering within its Auth0 Platform. This product allows developers to integrate secure identity solutions into AI applications, addressing growing ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OKTA":"Okta Inc."},"translate_title":"股票赛道Okta因S&P MidCap 400指数纳入和新人工智能安全产品推出而飙升5.16%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OKTA":1},"content_text":"Okta Inc. (NASDAQ: OKTA) saw its stock surge 5.16% in pre-market trading on Tuesday, building on the momentum from the previous day's 5.45% gain. The rally is primarily driven by the announcement of Okta's inclusion in the S&P MidCap 400 index and the launch of a new AI security product.\nS&P Dow Jones Indices revealed that Okta will replace Berry Global Group Inc. (NYSE: BERY) in the S&P MidCap 400 index, effective prior to the opening of trading on Thursday, May 1. This inclusion is expected to boost demand for Okta shares, as index funds and other institutional investors adjust their portfolios to reflect the change. According to Stephens, passive funds may need to purchase approximately 18.4 million OKTA shares, representing about 6 days of buying demand based on the stock's 3-month average daily trading volume.\nAdding to the positive sentiment, Okta recently launched Auth for GenAI, a new offering within its Auth0 Platform. This product allows developers to integrate secure identity solutions into AI applications, addressing growing concerns over data protection in the rapidly evolving AI landscape. The move positions Okta at the forefront of AI security, a sector gaining increasing attention from investors. Furthermore, Okta's recent financial performance has bolstered investor confidence, with the company reporting a significant revenue increase to $2.61 billion and achieving profitability for the fiscal year ending January 31, 2025.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}