Capital Impact Advisors LLC Takes $6.94 Million Position in Okta, Inc. $OKTA

Capital Impact Advisors LLC acquired a new position in Okta, Inc. (NASDAQ:OKTA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 69,410 shares of the company’s stock, valued at approximately $6,939,000. Okta makes up 2.1% of Capital Impact Advisors LLC’s holdings, making the stock its 25th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new position in shares of Okta in the second quarter worth approximately $26,000. 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 worth $34,000 after buying an additional 313 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Okta by 88.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock worth $34,000 after buying an additional 159 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Okta by 126.0% during the 2nd quarter. V Square Quantitative Management LLC now owns 504 shares of the company’s stock valued at $50,000 after buying an additional 281 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Okta by 572.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 538 shares of the company’s stock worth $54,000 after acquiring an additional 458 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

Okta Price Performance

OKTA opened at $90.18 on Friday. The stock’s 50 day simple moving average is $86.38 and its 200 day simple moving average is $92.25. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 82.73, a PEG ratio of 4.25 and a beta of 0.77. Okta, Inc. has a 1 year low of $75.05 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The firm had revenue of $742.00 million during the quarter, compared to the consensus estimate of $730.23 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, sell-side analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling at Okta

In other Okta news, insider Eric Robert Kelleher sold 8,522 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $92.62, for a total value of $789,307.64. Following the completion of the sale, the insider owned 9,174 shares in the company, valued at approximately $849,695.88. This trade represents a 48.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction that occurred on Thursday, September 18th. The stock was 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 in the company, valued at approximately $654,474.87. This represents a 46.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 66,293 shares of company stock worth $6,124,092 over the last three months. 5.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on OKTA. Stifel Nicolaus reduced their target price on Okta from $130.00 to $121.00 and set a “buy” rating on the stock in a research note on Wednesday, December 3rd. KeyCorp reiterated an “overweight” rating and set a $140.00 price objective on shares of Okta in a research report on Monday, December 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 target price on shares of Okta in a research report on Wednesday, December 3rd. BTIG Research cut their target price on Okta from $142.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a research report on Wednesday, October 8th. Twenty-three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

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.