Investors focused on the Computer and Technology space have likely heard of Okta (OKTA Quick QuoteOKTA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Okta is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. OKTA is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for OKTA's full-year earnings has moved 7.12% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, OKTA has returned 118% so far this year. In comparison, Computer and Technology companies have returned an average of 10.37%. This means that Okta is outperforming the sector as a whole this year.

Breaking things down more, OKTA is a member of the Internet - Software and Services industry, which includes 21 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has gained an average of 1.49% so far this year, so OKTA is performing better in this area.

OKTA will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.