OKTA

-6.5%🔴 Potential overreaction

Okta, Inc. Class A Common Stock · Technology

$211.91Vol 4.63M · 1.3× normalMkt cap −$2.56Bafter · 2026-10-14 ET

What happened

Move

-6.5%

Price

$211.91

Volume

4.63M

1.3× normal

Market cap

$37.05B

−$2.56B today

Why it moved

No clear catalyst identified

No reliable news, earnings or analyst driver was found for this move. A move this size without an obvious driver is most likely flow/positioning-driven rather than a fundamentals story.

Verdict — was the move justified?

🔴 Potential overreaction

A 2.8σ move well beyond the sector with no identified fundamental or news driver — the reaction appears larger than currently visible evidence justifies. Likely flow/positioning-driven.

How unusual is this move

σ score

2.8σ

vs own 20d volatility

Percentile

94th

of 1276 daily moves

Avg daily move

±2.4%

own 5y average

vs sector

-3.9%

beyond sector median

Today’s move is among the largest 6% of OKTA’s daily moves over the last 5 years — while the sector moved -2.6% and the market -0.5%.

What happened after similar moves

89 similar down moves in OKTA’s 5-year history:

After 5 days

+0.6%

54% higher

After 20 days

+3.4%

57% higher

Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.

Fundamental context

V 20G 50P 28H 62Q 78

Insider activity (90d): net selling $12.66M

Valuation context

P/E (TTM)

125.2

5y median 94.6

P/E percentile

80%

vs own 1y history

FCF yield

0.0%

Trading richer than 80% of its own historical valuation range.

Full fundamental analysis on PreMarketPrice

Pillar scores, financial statements, valuation history, news & more for OKTA

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