Campbell & CO Investment Adviser LLC Boosts Stake in Okta, Inc. $OKTA

Campbell & CO Investment Adviser LLC lifted its holdings in Okta, Inc. (NASDAQ:OKTA) by 116.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,061 shares of the company’s stock after buying an additional 6,486 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Okta were worth $1,106,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OKTA. Steward Partners Investment Advisory LLC raised its holdings in Okta by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock worth $224,000 after buying an additional 113 shares during the last quarter. Norden Group LLC increased its position in shares of Okta by 3.7% during the second quarter. Norden Group LLC now owns 3,260 shares of the company’s stock valued at $326,000 after acquiring an additional 116 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Okta by 2.5% in the 2nd quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company’s stock worth $511,000 after acquiring an additional 126 shares during the last quarter. Courier Capital LLC raised its holdings in Okta by 1.5% in the 2nd quarter. Courier Capital LLC now owns 9,680 shares of the company’s stock worth $968,000 after acquiring an additional 145 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Okta by 88.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock valued at $34,000 after acquiring an additional 159 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating and published a quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus, which can support institutional buying interest. Read More.
• Positive Sentiment: UBS issued a Buy on Okta, adding another high-profile buy-side endorsement that can help sustain demand if momentum turns positive. Read More.
• Positive Sentiment: Board-authorized $1.0 billion share buyback (up to ~6.8% of shares) signals management thinks shares may be undervalued and can be an important technical/supportive catalyst for the stock. Read More.
• Positive Sentiment: Okta launched in-country platform tenants in India (data residency + enhanced disaster recovery), a strategic expansion into a large, regulated market that can accelerate enterprise adoption and revenue growth in APAC. Read More.
• Neutral Sentiment: Industry commentary highlights AI-driven security as a long-term tailwind for identity platforms like Okta—positive context for long-term investors but not an immediate price catalyst. Read More.
• Neutral Sentiment: Analyst coverage is mixed but tilted positive on average: several firms maintain Buy/Overweight ratings and a consensus target above current levels, though some targets were trimmed over recent months — this provides both upside potential and sensitivity to execution. Read More.
• Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~\$95), trimming his holding by ~6.9% — a high-profile insider sale that can trigger short-term caution and headline-driven selling. Read More.
• Negative Sentiment: Market reports noted Okta underperformed broader market gains today, consistent with profit-taking/rotation despite multiple supportive analyst notes; near-term momentum remains fragile. Read More.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on OKTA shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Okta in a report on Wednesday, December 17th. Piper Sandler upped their target price on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. BTIG Research reduced their price target on shares of Okta from $142.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Royal Bank Of Canada boosted their price objective on shares of Okta from $97.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $120.00 target price on shares of Okta in a report on Wednesday, December 3rd. Twenty-five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.88.

Insider Activity

In related news, insider Eric Robert Kelleher sold 8,370 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the transaction, the insider owned 11,266 shares of the company’s stock, valued at approximately $1,016,080.54. This represents a 42.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Todd Mckinnon sold 11,286 shares of the stock in a transaction on Monday, December 22nd. The stock was 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 three months, insiders have sold 36,727 shares of company stock valued at $3,344,746. Company insiders own 5.68% of the company’s stock.

Okta Stock Performance

Shares of Okta stock opened at $89.55 on Monday. The stock has a market cap of $15.87 billion, a P/E ratio of 82.16, a P/E/G ratio of 4.19 and a beta of 0.76. The stock’s fifty day moving average is $86.73 and its 200 day moving average is $90.25. Okta, Inc. has a one year low of $75.05 and a one year high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $742.00 million during the quarter, compared to analysts’ expectations of $730.23 million. During the same quarter in the prior year, the business posted $0.67 earnings per share. The business’s quarterly 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. 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 allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are 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.