🔴 Okta is trading 35.2% down in after-hours trading after Bernstein downgrade citing valuation concerns

Okta is trading 35.2% down now at $118.12 after an extreme after-hours decline.

• Bernstein downgraded Okta from Outperform to Market Perform on September 17, citing valuation concerns after the cybersecurity sector's strong rally, and raised its price target to $174 from $143.
• No separate earnings release or major company announcement was identified on September 18.
• The regular session declined 4.03% to $182.37.