What's Going On With Okta Stock Today?

Okta Inc OKTA shares traded lower on Thursday. The move represents a pullback from recent strength.

What To Know: Okta stock has been trending higher since the end of August, following better-than-expected second-quarter earnings results.

The company posted earnings of 31 cents per share, which beat the analyst consensus estimate of 22 cents, and quarterly sales of $556.00 million, which beat the analyst consensus estimate of $534.54 million.

Strong guidance for the third quarter and the full year 2024 also bolstered the stock.

Okta stock has pulled back over the last week after reaching a three-month high on Monday, with shares falling over 4% on Thursday.

Related Link: IBEX Downgraded After Dismal 4Q Results, Analyst Expects Macro Woes To Persist

OKTA Price Action: Shares of OKTA were down 1.61% at $86.03 at market close Thursday, according to Benzinga Pro.

Photo: Gino Crescoli from Pixabay