Why Okta Stock Soared 74% in the First Half of 2020

Okta (NASDAQ: OKTA) stock gained 73.6% in the first half of 2020, according to data from S&P Global Market Intelligence. The S&P 500 returned negative 3.1% over this period.

This month, shares of the cloud-based identity-management specialist have jumped nearly 10% through July 8, while the broader market has returned just over 2%. In 2020, shares of Okta, which held its initial public offering (IPO) in April 2017, are up 91%. That makes the stock one of the year's top-performing large-cap tech stocks. 

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Source Fool.com