Bradley Foster & Sargent Inc. CT Invests $876,000 in Okta, Inc. $OKTA

Bradley Foster & Sargent Inc. CT purchased a new position in shares of Okta, Inc. (NASDAQ:OKTA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,551 shares of the company’s stock, valued at approximately $876,000.

Several other institutional investors have also added to or reduced their stakes in OKTA. Vanguard Group Inc. increased its position in Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after buying an additional 1,074,977 shares during the period. First Trust Advisors LP increased its position in Okta by 9.1% during the second quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock worth $489,966,000 after acquiring an additional 407,087 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Okta by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after purchasing an additional 179,919 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Okta by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock valued at $314,488,000 after purchasing an additional 314,525 shares during the period. Finally, Norges Bank bought a new stake in Okta in the 2nd quarter valued at about $211,923,000. 86.64% of the stock is currently owned by institutional investors.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Zacks upgraded OKTA to a Rank #1 (Strong Buy), citing improved earnings prospects — a clear catalyst supporting upside sentiment. Okta (OKTA) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Shares have shown short-term strength (recent intraday/closing gains), suggesting buyers are stepping in after heavy selling. Okta (OKTA) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Okta’s CISO was recognized at the 2026 DallasCISO ORBIE Awards — positive credibility for the company’s security leadership but unlikely to move the stock materially on its own. 2026 DallasCISO ORBIE Awards Recognize Top Security Executives
• Neutral Sentiment: Market commentary flags OKTA as “high risk / high reward” ahead of its upcoming earnings report; this frames the near-term catalyst but leaves outcome-dependent directionality. After a Brutal Selloff, Are These 3 SaaS Giants About to Bounce?
• Negative Sentiment: BMO cut its price target from $90 to $83 and moved to “market perform,” a signal that some sell-side views are turning more cautious and could cap upside. BMO Capital Markets price-target note
• Negative Sentiment: Anthropic’s launch of Claude Code Security and other AI-driven security tools is pressuring cybersecurity peers and helped push Okta toward a 52-week low — a competitive/valuation headwind. Okta (OKTA) Valuation In Focus As AI Security Launch And 52-Week Low Test Investor Expectations
• Negative Sentiment: Unusually large purchases of put options and analyst pieces highlighting a steep recent selloff (down notably YTD and recent 4-week losses) point to elevated bearish positioning and sentiment risk ahead of earnings. Traders Purchase Large Volume of Put Options on Okta

Analyst Upgrades and Downgrades

OKTA has been the topic of several recent research reports. Stifel Nicolaus lowered their target price on shares of Okta from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. Roth Mkm reaffirmed a “buy” rating on shares of Okta in a report on Wednesday, December 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Okta in a research report on Monday, December 1st. Berenberg Bank started coverage on Okta in a research report on Tuesday, November 18th. They issued a “buy” rating and a $145.00 price target on the stock. Finally, UBS Group reaffirmed a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Twenty-five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

Insider Activity at Okta

In other news, insider Eric Robert Kelleher sold 2,409 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $84.40, for a total transaction of $203,319.60. Following the completion of the transaction, the insider directly owned 11,266 shares in the company, valued at approximately $950,850.40. This represents a 17.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 1,836 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the transaction, the insider owned 36,328 shares of the company’s stock, valued at $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,245 shares of company stock worth $3,385,624. Corporate insiders own 5.68% of the company’s stock.

Okta Stock Up 3.1%

Okta stock opened at $75.25 on Friday. The stock has a market cap of $13.34 billion, a PE ratio of 69.04, a P/E/G ratio of 2.83 and a beta of 0.77. Okta, Inc. has a 12-month low of $68.77 and a 12-month high of $127.57. The business’s 50-day moving average price is $86.75 and its two-hundred day moving average price is $88.00.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $742.00 million for 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% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts expect that Okta, Inc. will post 0.42 earnings per share for the current year.

Okta declared that its Board of Directors has initiated a share repurchase plan on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Okta 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.