• Their simple platform interfaces with all kinds of applications, leveraging the value of these for their clients and hence creating some network effects.
• Growth rates are impressive and the company benefits from tremendous operational leverage and just celebrated its first free cash flow positive quarter.
• Valuation is steep though, and liable to sudden changes in sentiment, which would offer buying opportunities.

Source: Okta Is The Emerging Identity Verification Standard – Okta, Inc. (NASDAQ:OKTA) | Seeking Alpha