Shares of identity management firm Okta Inc. (OKTA) surged 5.05% in Tuesday's intraday trading session, fueled by growing investor confidence in the company's prospects for 2025 and a newly announced high-profile partnership.

In an investor letter, White Brook Capital Partners highlighted Okta as one of their holdings, expressing optimism about the company's growth trajectory following its positive 2025 outlook and strong recent performance. The investment firm believes Okta's identity management solutions have significant potential as the company continues to expand its offerings.

Additionally, Okta revealed a multi-year partnership with the McLaren Formula 1 racing team, positioning itself as an Official Partner for the 2025 season and beyond. The collaboration aims to enhance security and streamline digital infrastructure for McLaren's global fan base, partners, and employees. This strategic move underscores Okta's commitment to delivering secure and seamless digital experiences across diverse industries.