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0.0025864095932283 -0.000117564072419529 -0.00129673171878668 0.000352692217258419 0.00282153773806719 0.0315071714084177 0.0693628027274865 0.0409122972019751
Stock impact report

Okta Announces $1 Billion Share Repurchase Program [Yahoo! Finance]

Okta, Inc. - Class A (OKTA) 
Last okta, inc. - class a earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.okta.com
Company Research Source: Yahoo! Finance
of directors approved a share repurchase program with authorization to purchase up to $1 billion of its Class A Common Stock, effective immediately. This program underscores Okta's confidence in its business, conviction in its significant long-term opportunities, and view that its shares are undervalued. Okta's scale, balance sheet, and proven ability to generate consistent free cash flow allow it to opportunistically return capital to shareholders, while also investing for durable long-term growth. Okta expects to fund repurchases with existing cash balances and cash flow from operations. Repurchases under the program may be made in the open market, in privately negotiated transactions, or otherwise, with the amount and timing of repurchases to be determined at Okta's discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requir Show less Read more
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