Investigation announced for Investors in shares of Okta, Inc. (NASDAQ: OKTA) over possible Violations of Securities Laws

An investigation was announced over potential securities laws violations by Okta, Inc. in connection with certain financial statements.

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 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:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

This release was published on openPR.