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Okta slumps ~20% after downgrades at J.P. Morgan, BMO Capital

Jun. 01, 2023 8:14 AM ETOkta, Inc. (OKTA) StockBy: Ravikash Bakolia, SA News Editor1 Comment
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Update: The article and headline were updated to include rating action by BMO Capital Markets

Okta (NASDAQ:OKTA) stock fell ~19% premarket on Thursday after J.P. Morgan downgraded the stock to Neutral from Overweight following the company's FQ1 results.

The firm said Okta remains an Identity market

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