OKTA // Okta Inc.

DES <GO> NASDAQ CIK 0001660134 ↗

Technology • Computer Software: Prepackaged Software

$221.86 ▼ -0.80 (-0.36%)

MKT CAP: $38.79B • VOL: 3.32M

52W L $63 52W H $235

ALTMAN Z

8.70 SAFE

PIOTROSKI

9 / 9

OKTA // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 67/100 [C+] (-1 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE C+

RQD CONFIDENCE

66 / 100 -1D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Upper Neutral / Watch for Breakout

01 MASSIVE / SEC XBRL

Forensic Fundamentals

11 / 20

NEUTRAL

FCF +17.9% vs NI +200% • ROIC-WACC -9.3% • Z 8.7

02 OPRA GEX + SEC 13F

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

17 / 20

STRONG

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did OKTA's Whale & Options Flow & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever OKTA is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON OKTA)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 89/100 Z-SCORE: +3.02σ

OKTA Accounting Gap: Net Income (+220%) Outpaced OCF (+17.9%) With +-19.2% Working-Capital Build

CASH CONVERSION GAP

+202.1% (NI vs OCF)

RECEIVABLES / WC BLOAT

-19.2% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on Okta Inc. (OKTA) exposes a +202.1% Cash Conversion Gap as YoY Net Income growth (+220.0%) diverged from Operating Cash Flow growth (+17.9%). Non-cash current assets and receivables expanded -19.2% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

OKTA // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +182.74%🛡️ HOLDING TREND SUPPORT

2026-10-30O $219.0H $222.6L $202.8C $208.2VOL 5.25M

RES: $252.6SUP: $195.4SMA50: $192.8SMA200: $124.5

OKTA // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

UNDERWEIGHT CONVICTION: 28/100

BEAR 0

100 BULL

Okta Inc. (OKTA) exhibits 77.4% gross margins and 1.6% return on invested capital within Technology (Computer Software: Prepackaged Software), balanced against a 95.0x enterprise multiple and 8.2% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 77.4% gross profitability converts into 5.1% operating margin and 1.6% ROIC, outpacing sector cost of capital.

ROIC: 1.6% // GM: 77.4%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +11.8% paired with 2.26% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +11.8% // FCF YLD: 2.26%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 8.70 and Piotroski F-Score of 9/9 indicate low near-term refinancing stress.

ALTMAN Z: 8.70 // F-SCORE: 9/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 165.0x trailing P/E (140.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 165.0x // EV/EBITDA: 95.0x

02. Options Skew & Event Volatility Risk

Options market prices a ±8.2% implied move with a 0.71 put/call ratio around $217.00 max pain.

IMPL MOVE: ±8.2% // P/C: 0.71

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Computer Software: Prepackaged Software require continuous execution to defend 8.1% net margins.

NET MARGIN: 8.1% // D/E: 0.16x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 140.0x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.37).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 165.0x

FORWARD P/E 140.0x

EV / EBITDA 95.0x

FCF YIELD 2.26%

GROSS MARGIN 77.4%

OPERATING MARGIN 5.1%

NET MARGIN 8.1%

ROIC % 1.6%

REV GROWTH YOY +11.8%

DILUTED EPS TTM $1.34

DEBT / EQUITY 0.16x

DIVIDEND YIELD 0.00%

RSI-14 MOMENTUM 50.6

5Y EQUITY BETA 1.37

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // OKTAPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $203.01

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for OKTA & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

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