Okta Stock Hits Day Low of $68.78 Amid Price Pressure

Okta, Inc., a small-cap player in the software products industry, has experienced significant volatility today, with the stock hitting an intraday low of USD 68.78. The company’s stock has declined by 15.02% as of February 23, 2026, reflecting a broader trend of underperformance. Over the past week, Okta's stock has dropped 20.34%, and its monthly performance shows a decline of 23.41%. In contrast, the S&P 500 has shown resilience, gaining 0.69% today and 1.07% over the past week. Year-to-date, Okta's performance stands at -19.61%, while the S&P 500 has increased by 0.94%. The company has reported a remarkable growth in net profit of 168.75% as of July 25, and has maintained positive results for 11 consecutive quarters. Despite the recent downturn, Okta boasts a high institutional ownership of 100%, indicating strong backing from investors with substantial analytical resources. The company's financial metrics, including a return on equity of 2.95% and a price-to-book ratio of 1.91, suggest a fair valuation amidst current market conditions.