Okta Stock Rises 22%

(RTTNews) - Shares of Okta, Inc. (OKTA) are gaining about 22 percent on Thursday morning, likely after the company announced yesterday its financial results for the second quarter, reporting a higher profit and revenue growth.

The company's shares are currently trading at $164.50 on the Nasdaq, up 22.38 percent. The stock opened at $166.14 and has climbed as high as $167.59 so far in today's session. Over the past year, it has traded in a range of $62.66 to $167.59.

Net income was $116 million, compared to $67 million in the previous year. Meanwhile, revenue for the quarter increased 11 percent to $805 million.