Asset Management One Co. Ltd. Has $15.39 Million Stock Position in Okta, Inc. $OKTA

Asset Management One Co. Ltd. boosted its position in shares of Okta, Inc. (NASDAQ:OKTA) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,857 shares of the company’s stock after acquiring an additional 21,024 shares during the quarter. Asset Management One Co. Ltd. owned 0.10% of Okta worth $15,392,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in Okta during the 2nd quarter valued at $211,923,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Okta by 76.3% in 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 valued at $289,234,000 after purchasing an additional 1,189,222 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of Okta by 52.1% during the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after purchasing an additional 939,589 shares during the period. Vanguard Group Inc. increased its stake in shares of Okta by 5.3% during the second quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock worth $1,872,263,000 after purchasing an additional 935,364 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Okta by 20.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock worth $445,432,000 after purchasing an additional 755,709 shares during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Board authorizes $1 billion share repurchase (up to ~6.8% of shares), which can reduce float, boost EPS and is being read as a signal management views the stock as undervalued. Okta Announces $1 Billion Share Repurchase Program
• Positive Sentiment: Robert W. Baird analyst Shrenik Kothari maintained a Buy rating, citing OKTA’s cash generation and the $1B buyback as support for 2026 upside — analyst support can help sustain investor demand. Okta: Undervalued Security Platform Poised for 2026 Upside
• Neutral Sentiment: Media coverage and market commentary note shares have edged higher following the buyback announcement, helping momentum but not adding new fundamental information. Okta (OKTA) stock is up, what you need to know
• Neutral Sentiment: Okta is scheduled to present at an investor conference (upcoming presentation could provide additional color on strategy and execution). Okta to Present at Upcoming Investor Conference: Key Insights for Investors
• Negative Sentiment: Insider sale: Eric Robert Kelleher sold 2,409 shares at an average $84.40 on Jan 2 (17.6% reduction in his holding), disclosed in an SEC filing — insider sales can be perceived negatively, though this appears modest relative to the company’s buyback. SEC Form 4 – Insider Sale

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Okta in a report on Friday, December 12th. The Goldman Sachs Group decreased their price target on shares of Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, December 3rd. Stifel Nicolaus lowered their price target on shares of Okta from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Finally, BTIG Research lowered their target price on shares of Okta from $142.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. Twenty-four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Okta currently has an average rating of “Moderate Buy” and an average target price of $114.09.

Insider Activity

In related news, insider Larissa Schwartz sold 1,318 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $85.71, for a total value of $112,965.78. Following the sale, the insider directly owned 35,201 shares of the company’s stock, valued at $3,017,077.71. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd Mckinnon sold 11,286 shares of Okta stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 24,828 shares of company stock worth $2,221,731. Insiders own 5.68% of the company’s stock.

Okta Stock Up 3.0%

OKTA stock opened at $90.36 on Wednesday. The company’s 50-day moving average price is $85.95 and its two-hundred day moving average price is $90.57. The firm has a market cap of $16.01 billion, a P/E ratio of 82.90, a P/E/G ratio of 4.10 and a beta of 0.76. Okta, Inc. has a 12 month low of $75.05 and a 12 month high of $127.57.

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

Okta announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.