Project
Okta product that manages and secures AI agent identities, integrating them into an organization's broader identity and access system.
Okta's forward earnings multiple went from about 18x to about 50x in five months while its full-year EPS guide rose about 2%. That ties the price as much to investors' view of AI security stocks as to Okta's own forward bookings.
Reality
Okta and 11 vendors including AWS, Google Cloud and CrowdStrike signed six shared principles for securing AI agents under a new Blueprint Alliance. Buyers can put the list to vendors in procurement now, while Okta's release describes a reference architecture with no stated way to test compliance.
Reality
Agent Gateway enforces policy on each tool call and logs it as it happens, while deactivating an agent in the console today only blocks new sessions. Okta says revoking live tokens and cutting sessions in flight is planned.
Reality
Agent SSO went generally available on August 24 at no extra cost inside core Okta SSO, registering Cross App Access agents in Universal Directory and issuing short-lived tokens. Discovering unregistered agents takes a separate subscription.
Reality
Partner-led deals and what Okta's COO calls a converting AI-agent pipeline carried an $805 million quarter. Nobody has yet put a figure on what agent identity itself is worth.
Reality