Public Employees Retirement System of Ohio Purchases 1,308 Shares of Okta, Inc. $OKTA

Public Employees Retirement System of Ohio lifted its position in Okta, Inc. (NASDAQ:OKTA) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,421 shares of the company’s stock after purchasing an additional 1,308 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Okta were worth $5,141,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its holdings in shares of Okta by 167.4% in the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after purchasing an additional 154 shares during the period. Pinnacle Bancorp Inc. purchased a new position in Okta in the second quarter worth $26,000. Wayfinding Financial LLC purchased a new position in Okta in the first quarter worth $27,000. Harbour Investments Inc. grew its position in Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in Okta in the first quarter worth $31,000. Institutional investors own 86.64% of the company’s stock.

Okta Trading Up 3.0%

Shares of NASDAQ:OKTA opened at $93.86 on Tuesday. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 110.42, a price-to-earnings-growth ratio of 4.47 and a beta of 0.83. The company has a 50-day moving average price of $92.87 and a 200-day moving average price of $101.06. Okta, Inc. has a 12 month low of $70.92 and a 12 month high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.84 by $0.07. The firm had revenue of $728,000 billion during the quarter, compared to the consensus estimate of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. 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, research analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Okta news, insider Larissa Schwartz sold 3,348 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total value of $301,889.16. Following the completion of the sale, the insider directly owned 39,155 shares in the company, valued at $3,530,606.35. This trade represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the chief financial officer owned 132,288 shares of the company’s stock, valued at $12,567,360. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,593 shares of company stock valued at $12,598,168 over the last ninety days. 5.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OKTA. Canaccord Genuity Group upgraded shares of Okta from a “hold” rating to a “buy” rating and upped their target price for the stock from $115.00 to $120.00 in a research report on Tuesday, August 26th. BTIG Research reiterated a “buy” rating and issued a $142.00 target price on shares of Okta in a research report on Friday. Wall Street Zen upgraded shares of Okta from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. Arete Research upgraded shares of Okta to a “strong sell” rating and set a $83.00 target price for the company in a research report on Monday, July 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $140.00 target price on shares of Okta in a research report on Friday. Twenty-two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.94.

Okta Profile

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.