Sep. 26, 2025 3:42 PM ETOkta, Inc. (OKTA) StockOKTAGary Alexander32.04K FollowersOkta offers compelling growth at a reasonable price, trading well below recent highs, despite strong fundamentals and a large addressable market.OKTA boasts high-margin, recurring subscription revenue and a clean balance sheet with $2 billion in net cash, supporting future growth initiatives.The company demonstrates a strong "Rule of 40" profile, balancing double-digit revenue growth with high operating margins, yet trades at modest valuation multiples.I reiterate a "Buy" rating on OKTA, viewing the current dip as a buying opportunity for a category leader with robust free cash flow and attractive forward multiples.anyaberkut/iStock via Getty ImagesWith the stock market reeling from all-time highs, the large-cap tech stocks that have dominated this year's gains are beginning to fall out of favor. The notion that the stock market is expensive, however, ignores the fact that many small- and mid-cap stocks that haveThis article was written byGary Alexander32.04K FollowersWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure:I/we have a beneficial long position in the shares of OKTA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments