Who Owns Okta Company?

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Who Owns Okta?

The ownership structure of a company is a critical factor influencing its strategic decisions and market standing. Okta's transition to a publicly traded entity following its 2017 IPO marked a significant shift, broadening its ownership base considerably.

Okta, Inc., established in January 2009 by Frederic Kerrest and Todd McKinnon, operates as a leader in identity and access management solutions. The company's core mission is to securely link individuals with technology, facilitating user authentication and application access for workforces, partners, and customers, while also equipping developers with identity integration tools. As of July 2025, Okta commands a substantial market presence, with a market capitalization around $16.7 billion and 175 million shares outstanding. For fiscal year 2025, the company reported $2.61 billion in total revenue, with subscription sales representing a dominant 98% of this figure. Understanding Okta's ownership structure reveals a dynamic interplay between its founders, early backers, and a broad base of public and institutional investors.

Delving into Okta ownership reveals a fascinating journey from its inception to its current status as a publicly traded company. Initially founded by Frederic Kerrest and Todd McKinnon, their early stakes laid the groundwork for the company's growth. The company's IPO in 2017 was a pivotal event, opening the door for a wider array of investors to participate in Okta's success. This move significantly diversified Okta's stakeholders, bringing in institutional investors who now play a crucial role in shaping its corporate governance and strategic direction. The current Okta stock ownership reflects a blend of insider holdings, significant institutional backing, and a broad base of retail investors, all contributing to the overall Okta company structure and its market valuation.

Institutional investors hold a significant portion of Okta stock ownership, reflecting confidence in the company's long-term prospects and its innovative solutions, such as the Okta BCG Matrix analysis. Major investment firms and mutual funds are among Okta's largest institutional holders, actively participating in shareholder votes and influencing corporate strategy. The Okta company ownership history shows a consistent increase in institutional investment following its IPO. Examining Okta's board of directors ownership also provides insight into the commitment of key leadership. Understanding who owns Okta is essential for grasping the dynamics of its market performance and future trajectory.

The founders, Frederic Kerrest and Todd McKinnon, continue to hold substantial stakes, underscoring their ongoing commitment to Okta's vision. Their founder ownership percentage remains a key element in the Okta company ownership and control narrative. The Okta major shareholders list is dominated by these institutional entities, alongside the founders and key executives. For those seeking detailed information on Okta investor relations contact information or how to find out who owns Okta stock, the company's public filings and investor relations portal are the primary resources. This breakdown of Okta stock analysis ownership provides a clear picture of the company's stakeholder landscape.

As a publicly traded entity, Okta's ownership is transparent and accessible through regulatory filings. The question of 'Is Okta a publicly traded company?' is definitively yes, with its shares listed on a major stock exchange. This public status means that a significant portion of Okta's shares are held by the general public, contributing to its broad Okta ownership base. The Okta company structure is designed to balance the interests of all stakeholders, from the founders and employees to institutional and retail investors. The key executives at Okta and their holdings are also publicly disclosed, offering further clarity on insider ownership. Ultimately, understanding Okta's ownership structure is vital for any investor or stakeholder interested in the company's governance and market position.

Okta was co-founded in January 2009 by Todd McKinnon and Frederic Kerrest. Both founders had prior experience working at Salesforce before embarking on their entrepreneurial journey. Todd McKinnon currently serves as the Chief Executive Officer and Co-Founder, playing a pivotal role in the company's strategic direction. Frederic Kerrest holds a position as a Director and Vice Chairperson of the Board, and previously served as the Chief Operating Officer. While the precise initial equity distribution between the founders is not publicly disclosed, their leadership from the company's inception strongly suggests significant early ownership and control over Okta's destiny.

From its early stages, Okta attracted substantial investment from leading venture capital firms, a testament to its perceived market potential. By 2015, the company had successfully raised $75 million in venture capital. Key investors during this period included prominent names like Andreessen Horowitz, Greylock Partners, and Sequoia Capital, contributing to an initial valuation of $1.2 billion. Andreessen Horowitz was among the earliest backers, making its first investment in Okta during the Series A funding round in July 2010. This was followed by Greylock Partners' investment in Series B in August 2011, and Sequoia Capital's participation in Series C in December 2012. The company's early investor base also included other significant institutional players such as Altimeter Capital, Khosla Ventures, Glynn Capital, Floodgate, and SV Angel. These early-stage investors were instrumental in providing the necessary capital to fuel Okta's rapid growth and development, ultimately paving the way for its public offering.

Founding Team

Okta was co-founded by Todd McKinnon and Frederic Kerrest in January 2009.

Key Leadership Roles

Todd McKinnon is the CEO and Co-Founder. Frederic Kerrest is a Director and Vice Chairperson of the Board.

Early Venture Capital Backing

Prominent venture capital firms provided substantial early backing for Okta.

Significant Funding Milestone

By 2015, Okta had raised $75 million in venture capital.

Initial Valuation

The company achieved an initial valuation of $1.2 billion by 2015.

Key Early Investors

Andreessen Horowitz, Greylock Partners, and Sequoia Capital were among the early institutional investors.

Okta's Ownership Foundation

The early ownership structure of Okta was significantly influenced by its founders and the venture capital firms that provided crucial funding. This early backing was instrumental in shaping the company's trajectory and its eventual path to becoming a publicly traded entity. Understanding this foundational period is key to grasping the broader Okta ownership landscape.

• Founders Todd McKinnon and Frederic Kerrest established Okta in 2009.
• Key venture capital firms like Andreessen Horowitz, Greylock Partners, and Sequoia Capital were early investors.
• By 2015, Okta had secured $75 million in venture capital, reaching a $1.2 billion valuation.
• These early stakeholders played a critical role in the company's growth and development, as detailed in the Brief History of Okta.

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Okta's journey from a privately held startup to a publicly traded entity marked a significant shift in its ownership landscape. The company's Initial Public Offering (IPO) on April 7, 2017, saw 11,000,000 shares of Class A common stock offered at $17.00 per share, raising approximately $187 million and establishing an initial valuation around $1.5 billion. At this pivotal moment, Sequoia Capital stood as the largest shareholder, possessing a 21.2% stake, reflecting its early and substantial investment.

The period following its IPO has witnessed a substantial transformation in Okta's ownership, with institutional investors becoming the dominant stakeholders. As of July 16, 2025, Okta, Inc. (NASDAQ: OKTA) reports 1,259 institutional owners and shareholders who have submitted 13D/G or 13F filings to the SEC, collectively holding 162,777,882 shares. Key institutional holders as of March 31, 2025, include Fmr Llc with 20,901,996 shares, Vanguard Group Inc. holding 17,792,886 shares, and BlackRock, Inc. with 10,343,662 shares. Other notable shareholders comprise First Trust Advisors Lp, Massachusetts Financial Services Co /Ma/, State Street Corp, American Century Companies Inc, Norges Bank (holding 2,982,138 shares as of December 31, 2024), and Geode Capital Management, Llc. The extent of institutional ownership in Okta surpassed 86% by the first quarter of 2025, underscoring a strong endorsement from the institutional investment community.

Okta operates with a dual-class share structure, comprising Class A and Class B common stock. This structure is designed to concentrate voting power with early capital stock holders, including directors, executive officers, and their affiliates. Post-IPO, this group collectively controlled 61.8% of the total voting power, allowing founders and initial investors to maintain significant influence over the company's direction, even with a proportionally smaller equity stake. Understanding this ownership breakdown is crucial for analyzing Okta stock ownership and identifying Okta's major shareholders.

Understanding Okta's Ownership Structure

Okta's ownership is predominantly held by institutional investors, with a dual-class share structure ensuring significant control for early stakeholders.

• Institutional ownership exceeds 86% as of Q1 2025.
• Key institutional holders include Fmr Llc, Vanguard Group Inc., and BlackRock, Inc.
• The dual-class share system concentrates voting power with founders and early investors.
• This structure impacts how Okta company ownership and control are managed.

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As of May 8, 2025, Okta's leadership is anchored by its co-founders. Todd McKinnon holds the positions of CEO and Chairperson of the Board, while Frederic Kerrest serves as a Director and Vice Chairperson. The board operates on a staggered system, with directors elected annually for three-year terms, ensuring continuity in governance.

Okta's corporate structure is characterized by a dual-class share system, comprising Class A and Class B common stock. This arrangement significantly centralizes voting power, with directors, executive officers, and their affiliates collectively holding 61.8% of the voting power shortly after the company's Initial Public Offering. This structure allows founders and insiders to maintain substantial control over critical corporate decisions and director elections, irrespective of potential future dilution in their equity stakes.

Recent adjustments to the board's composition include the departure of Benjamin Horowitz, effective June 24, 2025, which will reduce the board's total membership from nine to eight. The 2025 Annual Meeting of Stockholders, held on June 24, 2025, saw the re-election of Jeff Epstein and J. Frederic Kerrest as Class II directors, with their terms set to conclude in 2028.

Understanding Okta's Ownership and Control

Okta's ownership structure is designed to give significant control to its founders and key executives. This dual-class share system is a critical factor in understanding Okta's company structure and who holds the ultimate decision-making power.

• Co-founders Todd McKinnon and Frederic Kerrest play pivotal roles in leadership.
• A dual-class share structure concentrates voting power.
• Insiders collectively hold a majority of the voting power.
• Board elections and major decisions are heavily influenced by this structure.
• Understanding Okta's ownership structure is key for investors analyzing Okta stock ownership.

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In the last three to five years, the ownership landscape of the company has seen notable shifts, influenced by strategic acquisitions and leadership changes. These developments are key to understanding the current Okta ownership structure and its trajectory.

The company has actively pursued growth through acquisitions, integrating entities like Auth0 in May 2021 for $6.5 billion, atSpoke in August 2021 for $90 million, and the security firm Spera in December 2023 for an estimated $100–130 million. These transactions can influence Okta's ownership by potentially involving share issuances or altering the company's strategic direction, which in turn affects its appeal to various Okta stakeholders.

Leadership transitions and operational adjustments also play a role in the company's evolution. Eric Kelleher assumed the role of President and Chief Operating Officer (COO) on February 1, 2025, a move up from his previous position. He continues to report to CEO Todd McKinnon. In parallel, the company undertook a restructuring effort that included workforce reductions, with approximately 180 jobs, or about 3% of its staff, being cut in February 2025. These actions are part of a broader strategy to optimize operations and focus on core growth areas, impacting the overall Okta company structure.

Leadership Appointments

Eric Kelleher was promoted to President and COO on February 1, 2025. He continues to report to CEO Todd McKinnon. This leadership reinforcement aims to drive operational efficiency.

Workforce Adjustments

In February 2025, approximately 180 employees, representing 3% of the workforce, were impacted by layoffs. This was part of a strategic restructuring initiative.

Financial Strategy

The company reported $0.00 in share buybacks as of July 18, 2025. However, net common equity issued/repurchased for the twelve months ending April 30, 2025, was $152 million, showing an increase. Plans are in place to use cash to pay off the remaining $350 million principal of its 2025 Notes in September 2025.

Market Position and Growth

Institutional ownership exceeds 86% as of Q1 2025, reflecting a broader trend in technology. The identity and access management sector is projected for strong growth. Okta's revenue for fiscal year 2025 was $2.61 billion, a 15.3% increase from 2024, with subscription services making up 98% of this. The company achieved record operating cash flow of $286 million and free cash flow of $284 million in Q4 fiscal 2025, supporting its strategic investments and growth within its Target Market of Okta.

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