DekaBank Deutsche Girozentrale Has $2.56 Million Stake in Okta, Inc. $OKTA

DekaBank Deutsche Girozentrale increased its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,155 shares of the company’s stock after acquiring an additional 190 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Okta were worth $2,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKTA. Wayfinding Financial LLC bought a new position in shares of Okta in the 1st quarter valued at about $27,000. Harbour Investments Inc. grew its position in shares of Okta by 152.4% in the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares during the period. Pinnacle Bancorp Inc. bought a new position in shares of Okta in the 2nd quarter valued at about $26,000. Rossby Financial LCC bought a new stake in shares of Okta during the 1st quarter worth about $31,000. Finally, Kiker Wealth Management LLC grew its stake in Okta by 1,159.3% in the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 313 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Okta Stock Performance

Okta stock opened at $89.07 on Friday. The stock has a market cap of $15.59 billion, a P/E ratio of 104.79, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. The firm’s fifty day moving average price is $91.09 and its 200-day moving average price is $98.97. Okta, Inc. has a fifty-two week low of $70.92 and a fifty-two week high of $127.57.

Okta (NASDAQ:OKTA) last posted its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $711.84 million. During the same period last year, the firm earned $0.72 earnings per share. Okta’s quarterly revenue was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. On average, analysts predict that Okta, Inc. will post 0.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $140.00 price target on shares of Okta in a research note on Friday, September 26th. Arete initiated coverage on shares of Okta in a research report on Monday, July 7th. They issued a “sell” rating and a $83.00 target price on the stock. Arete Research upgraded shares of Okta to a “strong sell” rating and set a $83.00 price target on the stock in a report on Monday, July 7th. Barclays lifted their target price on shares of Okta from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Finally, Bank of America reissued an “underperform” rating and set a $75.00 target price on shares of Okta in a research report on Wednesday, August 27th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.94.

Insiders Place Their Bets

In related news, CEO Todd Mckinnon sold 31,968 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total value of $2,951,605.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Jonathan James Addison sold 6,091 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $92.61, for a total transaction of $564,087.51. Following the completion of the transaction, the executive directly owned 7,067 shares of the company’s stock, valued at $654,474.87. This represents a 46.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,657 shares of company stock worth $5,898,754 in the last 90 days. Insiders own 5.68% of the company’s stock.

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.