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Okta jumps 30.1% on Q1 earnings beat and raised outlook
- Okta shares jumped 30.1% to close at $123.27 on Friday after reporting first-quarter results that beat Wall Street's sales and earnings estimates.
- The identity management company raised its full-year guidance, driven by accelerating subscription growth and emerging AI-driven identity product demand.
- Trading volume reached 17.18 million shares, which is 5.5 times its 20-day average of 3.13 million shares.
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Conclusion
OKTA rose from $94.72 to $123.27 (+30.14%) on 2026-05-29. Today's volume was 17,181,770 vs. a 20-day average of 3,131,241 (5.49x).