What happened Okta (NASDAQ: OKTA) shareholders beat a surging market in November as the stock rose 17% compared to the 11% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally added to big gains for the software specialist, which has more than doubled so far in 2020. Image source: Getty Images. So what Investors pushed Okta stock higher last month along with other software-as-a-service giants on hopes that these businesses will continue seeing strong growth even as the COVID-19 threat fades. The pandemic has accelerated a shift toward putting more work activity online, lifting Okta's prospects. But Wall Street in November was also excited about the potential for surging sales in the identity management company's Q3 report, which was released Dec. 2. Now what Okta revealed in that announcement that growth was indeed strong through late October. The company added hundreds of new enterprise customers on its way to a 42% sales increase. CEO Todd McKinnon and his team expect continued elevated gains ahead, with sales rising between 32% and 33% in the fiscal fourth quarter, equating to 40% gains for the full year. 10 stocks we like better than OktaWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Okta wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Demitri Kalogeropoulos owns shares of Okta. The Motley Fool owns shares of and recommends Okta. The Motley Fool has a disclosure policy.Source