IFM Investors Pty Ltd Has $3.08 Million Stake in Okta, Inc. $OKTA

IFM Investors Pty Ltd boosted its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,766 shares of the company’s stock after purchasing an additional 168 shares during the period. IFM Investors Pty Ltd’s holdings in Okta were worth $3,076,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Okta by 3.4% during the first quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock worth $1,872,167,000 after acquiring an additional 582,956 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Okta by 325.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock worth $389,308,000 after acquiring an additional 2,830,582 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Okta by 76.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after acquiring an additional 1,189,222 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Okta by 5.2% during the first quarter. Ameriprise Financial Inc. now owns 2,014,665 shares of the company’s stock worth $211,982,000 after acquiring an additional 100,411 shares in the last quarter. Finally, Alkeon Capital Management LLC bought a new position in Okta during the first quarter worth about $199,918,000. 86.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on OKTA. Evercore ISI lifted their price target on Okta from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, May 28th. Roth Capital reaffirmed a “buy” rating and issued a $119.00 target price on shares of Okta in a research report on Wednesday, May 28th. Jefferies Financial Group lifted their target price on Okta from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Wednesday, August 27th. DA Davidson reduced their target price on Okta from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 28th. Finally, Robert W. Baird reduced their target price on Okta from $148.00 to $142.00 and set an “outperform” rating for the company in a research note on Wednesday, August 27th. Twenty-two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Okta has an average rating of “Moderate Buy” and an average target price of $118.25.

Okta Stock Performance

Shares of OKTA opened at $92.38 on Tuesday. Okta, Inc. has a 52 week low of $70.92 and a 52 week high of $127.57. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 108.68, a PEG ratio of 4.57 and a beta of 0.83. The stock has a fifty day moving average of $93.01 and a 200-day moving average of $101.63.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The company had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. During the same period in the prior year, the company earned $0.72 EPS. Okta’s revenue was up 12.7% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, equities analysts forecast that Okta, Inc. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Todd Mckinnon sold 31,592 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.30, for a total value of $3,010,717.60. Following the completion of the sale, the chief executive officer directly owned 20,682 shares in the company, valued at $1,970,994.60. This represents a 60.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the sale, the executive owned 7,067 shares of the company’s stock, valued at $654,474.87. The trade was a 46.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,625 shares of company stock valued at $9,646,563 over the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

About Okta

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.