13 Best Cybersecurity Stocks to Buy According to Billionaires

4. Okta Inc. (NASDAQ:OKTA)

Number of billionaire investors: 13

Dollar value of holdings: $745,122,345

Okta Inc. (NASDAQ:OKTA) is an independent identity provider, offering a cloud-based identity and access management platform that helps organizations secure user authentication and streamline identity lifecycle management.

On March 3, the company reached a major milestone, surpassing $1 billion in aggregate sales through AWS Marketplace since listing its secure identity solutions in December 2020. This achievement highlights the increasing demand for cloud-based identity management as businesses prioritize security and scalability. Okta Inc. (NASDAQ:OKTA) is further expanding its strategic collaboration with AWS, focusing on global adoption, AI-driven identity security, and enhanced compliance for government and public sector clients.

For Q4 Fiscal 2025, Okta Inc. (NASDAQ:OKTA) had total revenue reaching $682 million, up 13% year-over-year, driven by subscription revenue of $670 million. GAAP operating income came in at $8 million, a significant turnaround from a $83 million loss in Q4 FY24. On a non-GAAP basis, operating income increased to $168 million up from $129 million YoY. GAAP net income swung to $23 million from a $44 million loss in Q4 FY24.