OKTA - Okta: Personalized Zero Trust Identification For The Digital Future

• Increasing number of cyber breaches enforces a need for cybersecurity solutions which benefits Okta.
• Zero Trust security requires proper identity to authenticate the user, and it is the new standard for cybersecurity.
• Organizations are increasingly tapping on digital means to engage with users, which requires identity solutions for such personalized engagement.
• Essentialness of identity for the world ahead provides a favorable risk-reward ratio for investors in Okta for the long haul.
• Okta is a hold for us now but we do look to accumulate at EV/NTM Revenue of 22x or a price of $211 and lower.

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