@mememe, two things in particular have put me off this share, (1) it is still forecast to be loss making in 2021 and (2) there have been lots of director selling in recent months and no buying. Also it doesn’t pay a dividend as it is yet to make a profit. On the plus side it does appear to have plenty of cash and obvious momentum with the share price.
Amazon may have a high forward PE of 60 but it is making a profit which is expected to continue to increase. I am feeling fairly risk averse at the moment and so it doesn’t seem a particularly good entry time for Okta for me, if I currently had a position I would be happy to continue to hold. In case it is of interest, the Stockopedia ranks for Okta are quality 82, value 5, momentum 85 and the overall stock rank is 56. The corresponding figures for Amazon are quality 99, value 17, momentum 95 and overall stock rank is 81.