Okta, Inc. $OKTA Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its holdings in Okta, Inc. (NASDAQ:OKTA) by 54.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,287 shares of the company’s stock after buying an additional 1,870 shares during the period. Stephens Inc. AR’s holdings in Okta were worth $529,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Okta by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock valued at $1,872,167,000 after buying an additional 582,956 shares during the period. Trek Financial LLC acquired a new position in Okta during the 1st quarter valued at about $426,000. Focus Partners Advisor Solutions LLC acquired a new position in Okta during the 1st quarter valued at about $515,000. Stephens Investment Management Group LLC boosted its stake in Okta by 10.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 499,125 shares of the company’s stock valued at $52,518,000 after purchasing an additional 46,818 shares during the period. Finally, Machina Capital S.A.S. boosted its stake in Okta by 63.1% during the 1st quarter. Machina Capital S.A.S. now owns 7,727 shares of the company’s stock valued at $813,000 after purchasing an additional 2,988 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Okta

In other news, insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total transaction of $221,069.30. Following the sale, the insider owned 9,174 shares in the company, valued at $841,531.02. The trade was a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Larissa Schwartz sold 1,318 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $91.65, for a total transaction of $120,794.70. Following the sale, the insider owned 37,837 shares in the company, valued at $3,467,761.05. This represents a 3.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,657 shares of company stock valued at $5,898,754 over the last three months. 5.68% of the stock is owned by insiders.

Okta Price Performance

NASDAQ OKTA opened at $89.07 on Friday. The company’s 50 day simple moving average is $91.09 and its 200 day simple moving average is $98.97. Okta, Inc. has a 12 month low of $70.92 and a 12 month high of $127.57. The company has a market capitalization of $15.59 billion, a P/E ratio of 104.79, a PEG ratio of 4.37 and a beta of 0.84.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. Okta had a net margin of 6.08% and a return on equity of 3.31%. The business had revenue of $728,000 billion for the quarter, compared to the consensus estimate of $711.84 million. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter 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 anticipate that Okta, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

OKTA has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. BTIG Research reissued a “buy” rating and set a $142.00 target price on shares of Okta in a research note on Friday, September 26th. Cantor Fitzgerald restated an “overweight” rating and set a $130.00 price target on shares of Okta in a research report on Wednesday, August 27th. Finally, BMO Capital Markets dropped their price target on shares of Okta from $132.00 to $112.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 27th. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Okta has an average rating of “Hold” and an average price target of $118.94.

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.