Okta is an independent identity management platform for the enterprise. The Okta Identity Cloud is Co.'s category-defining platform that enables its customers to securely connect people to technologies. The Okta Identity Cloud consists of a suite of products to manage and secure identities. Co.'s products include: Universal Directory, which provides a centralized, cloud-based system of record to store and secure user, application and device profiles for an organization; Single Sign-On, which enables users to access all of their applications with a single entry of their user credentials; and Lifecycle Management, which manages a user's identity throughout its entire lifecycle. We show 16 historical shares outstanding datapoints in our OKTA shares outstanding history coverage, used to compute OKTA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OKTA market cap history over the course of time is important for investors
interested in comparing OKTA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OKTA versus a peer is one thing; comparing
OKTA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OKTA can fluctuate over the course of history.
With this page we aim to empower investors researching OKTA by allowing them to research the OKTA market cap history. |
Video: The Importance of Market Cap
