An investigation on behalf of investors of Okta, Inc. (NASDAQ: OKTA) shares over potential securities laws violations by Okta, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Okta, Inc. (NASDAQ: OKTA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Okta, Inc. (NASDAQ: OKTA) concerning whether a series of statements by Okta, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Okta, Inc. reported that its annual Total Revenue rose from $835.42 million for the 12 month period that ended on January 31, 2021, to over $1.3 billion for the 12 months period that ended on January 31, 2022, and that its Net Loss over those time period increased from $266.68 million to $848.41 million.

On October 20, 2023, Okta's Chief Security Officer David Bradbury disclosed in a blog post that "Okta Security has identified adversarial activity that leveraged access to a stolen credential to access Okta's support case management system." Bradbury stated that "[t]he threat actor was able to view files uploaded by certain Okta customers as part of recent support cases" and that "[a]ll customers who were impacted by this have been notified."

Those who purchased shares of Okta, Inc. (NASDAQ: OKTA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.