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Okta Expands Board with Two New Directors

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Okta Expands Board with Two New Directors

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Okta ( (OKTA) ) has issued an announcement.

On August 11, 2025, Okta, Inc. announced the expansion of its Board of Directors from eight to ten members, appointing David Schellhase as an independent director and Mary Agnes (Maggie) Wilderotter as a non-independent director, effective August 13, 2025. These appointments are expected to enhance Okta’s strategic positioning as it aims to secure AI and expand its identity market leadership. Both directors bring extensive experience in technology and corporate strategy, with Schellhase having a background in legal and operational roles at major tech companies and Wilderotter holding significant leadership positions across various industries. Their insights are anticipated to contribute to Okta’s growth and innovation in the identity security landscape.

The most recent analyst rating on (OKTA) stock is a Hold with a $81.00 price target. To see the full list of analyst forecasts on Okta stock, see the OKTA Stock Forecast page.

Spark’s Take on OKTA Stock

According to Spark, TipRanks’ AI Analyst, OKTA is a Neutral.

Okta’s strong financial performance and positive earnings call are offset by its high valuation and mixed technical indicators. The company’s growth prospects remain promising, but profitability challenges and macroeconomic uncertainties create risks.

To see Spark’s full report on OKTA stock, click here.

More about Okta

Okta, Inc. is a leading independent identity provider known as The World’s Identity Company™. It specializes in securing identity to enable safe use of technology, offering customer and workforce solutions that drive security, efficiencies, and success for businesses and developers. Okta is trusted by leading brands for authentication, authorization, and more.

Average Trading Volume: 3,900,203

Technical Sentiment Signal: Sell

Current Market Cap: $15.64B

For an in-depth examination of OKTA stock, go to TipRanks’ Overview page.

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