Okta gains on $1 billion share buyback program

Okta

05/01/2026 13:26

** Shares of digital identity verification firm Okta OKTA.O up 2.8% at $85.99 premarket

** Okta announces share buyback program with authorization to purchase up to $1 billion of its Class A common stock, effective immediately

** Okta expects to fund repurchases with existing cash balances and cash flow from operations

** OKTA gained 9.7% in 2025

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))