How Okta Was Hacked and What That Means for the Stock

Some alarming news this past week on Thirsty Thursday. No, we’re not talking about that hard-hitting HuffPo piece exploring Amy Schumer’s secret hair pulling disorder, something we suspect stems from her inability to do standup comedy without mentioning her private parts. The news was much more dire than that, at least for shareholders of Okta (OKTA), a company we last looked at in a piece titled Okta Stock Forecast: Growth with a Chance of Dominance.

When a cybersecurity company like Okta is openly critical about how other firms protect themselves, and then they get compromised themselves, it will raise some eyebrows. Below we have an Okta executive talking smack about one of their largest competitors – Microsoft – just weeks before his own firm aired some major dirty laundry.

We caught wind of this issue on March 22nd when seve