Citigroup Inc. Sells 456,586 Shares of Okta, Inc. $OKTA

Citigroup Inc. cut its position in shares of Okta, Inc. (NASDAQ:OKTA) by 81.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,579 shares of the company’s stock after selling 456,586 shares during the quarter. Citigroup Inc. owned about 0.06% of Okta worth $9,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OKTA. Tredje AP fonden lifted its position in Okta by 19.0% during the third quarter. Tredje AP fonden now owns 465,635 shares of the company’s stock valued at $42,699,000 after buying an additional 74,424 shares during the period. Raiffeisen Bank International AG lifted its position in Okta by 3.9% during the 3rd quarter. Raiffeisen Bank International AG now owns 4,369 shares of the company’s stock valued at $410,000 after acquiring an additional 166 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Okta by 7.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 128,296 shares of the company’s stock worth $11,738,000 after acquiring an additional 9,118 shares in the last quarter. Syon Capital LLC grew its holdings in Okta by 179.2% in the third quarter. Syon Capital LLC now owns 5,677 shares of the company’s stock worth $521,000 after purchasing an additional 3,644 shares during the period. Finally, Rothschild Investment LLC grew its holdings in Okta by 171.6% in the third quarter. Rothschild Investment LLC now owns 630 shares of the company’s stock worth $58,000 after purchasing an additional 398 shares during the period. 86.64% of the stock is owned by hedge funds and other institutional investors.

Okta Stock Down 3.7%

OKTA opened at $72.50 on Monday. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 66.51, a PEG ratio of 2.81 and a beta of 0.79. The firm has a 50 day moving average price of $86.40 and a 200-day moving average price of $87.86. Okta, Inc. has a twelve month low of $68.77 and a twelve month high of $127.57.

Okta (NASDAQ:OKTA) last posted its 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. The business 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 revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous 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. As a group, analysts expect that Okta, Inc. will post 0.42 earnings per share for the current year.

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

Analyst Ratings Changes

A number of brokerages have recently commented on OKTA. JPMorgan Chase & Co. dropped their price target on Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Okta in a report on Thursday, January 22nd. Citigroup restated a “neutral” rating on shares of Okta in a report on Monday, January 12th. Royal Bank Of Canada upped their price target on shares of Okta from $97.00 to $108.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Berenberg Bank started coverage on shares of Okta in a research report on Tuesday, November 18th. They set a “buy” rating and a $145.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Okta currently has an average rating of “Moderate Buy” and a consensus price target of $110.57.

Insider Transactions at Okta

In other news, CFO Brett Tighe sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the transaction, the chief financial officer owned 134,385 shares in the company, valued at $12,775,981.95. This represents a 6.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd Mckinnon sold 11,286 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total transaction of $1,026,574.56. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,245 shares of company stock worth $3,385,624 in the last three months. 5.68% of the stock is owned by insiders.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Zacks upgraded Okta to a “Strong Buy,” signaling growing optimism that its upcoming results could surprise positively and support a rally. Okta (OKTA) Upgraded to Strong Buy
• Positive Sentiment: Cantor Fitzgerald kept an Overweight rating even after trimming its price target, indicating some analysts still see meaningful upside if fundamentals stabilize. Cantor Fitzgerald price target note
• Neutral Sentiment: MarketBeat highlights Okta as one of the beaten-down SaaS names that could bounce if its next report reassures investors; the March earnings cadence is framed as the key near-term catalyst (can go either way). After a Brutal Selloff, Are These 3 SaaS Giants About to Bounce?
• Neutral Sentiment: Countdown/preview pieces (Yahoo/Zacks) urge investors to look beyond revenue and EPS for metrics such as customer retention, ARR trends, and margin drivers—items that will likely determine the stock’s direction after the report. Countdown to Okta (OKTA) Q4 Earnings
• Negative Sentiment: BMO trimmed its price target and lowered its rating to “market perform,” reflecting more cautious near-term expectations and adding downward pressure on sentiment. BMO price target cut
• Negative Sentiment: Broad sector fears that AI could compress SaaS pricing/usage (the so‑called “SaaSpocalypse”) continue to drive selling across names including Okta; if Okta’s results or guidance disappoint, the selloff could accelerate. 2 Tech Stocks That Could Go Parabolic

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.