Okta Inc. (OKTA)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Okta, Inc. (“Okta” or “the Company”) (NASDAQ: OKTA). Investors who purchased Okta securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Okta has violated federal securities laws.
On November 28, 2023, Okta disclosed that hackers who breached the Company’s network in September stole information on all users of Okta’s customer support system—a scope significantly larger than the 1% of customers that Okta previously said were affected. Then, on November 29, 2023, Okta announced its financial results for the third quarter of 2023. Among other items, Okta predicted revenue growth of at least 10% for fiscal year 2025, missing analyst expectations of 15%. Following these disclosures, Okta’s stock price fell $5.56 per share, or 7.66%, over two trading sessions, closing at $67.05 per share on November 30, 2023.
If you are aware of any facts relating to this investigation or purchased Okta securities, you can assist this investigation by contacting Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]