Crossmark Global Holdings Inc. Sells 27,494 Shares of Okta, Inc. $OKTA

Crossmark Global Holdings Inc. reduced its holdings in Okta, Inc. (NASDAQ:OKTA) by 59.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,019 shares of the company’s stock after selling 27,494 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Okta were worth $1,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OKTA. Promus Capital LLC bought a new stake in shares of Okta during the 2nd quarter valued at about $27,000. Root Financial Partners LLC purchased a new position in shares of Okta during the third quarter worth about $26,000. Aster Capital Management DIFC Ltd bought a new position in shares of Okta in the third quarter worth approximately $34,000. Westside Investment Management Inc. increased its position in shares of Okta by 86.9% in the third quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock worth $38,000 after purchasing an additional 193 shares during the last quarter. Finally, Financial Consulate Inc. purchased a new stake in Okta in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

OKTA has been the subject of several research analyst reports. Jefferies Financial Group dropped their target price on shares of Okta from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. The Goldman Sachs Group lowered their price objective on shares of Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. BTIG Research dropped their price objective on shares of Okta from $116.00 to $90.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Zacks Research upgraded shares of Okta from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Scotiabank reduced their target price on Okta from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.25.

Insider Buying and Selling at Okta

In other news, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction dated Tuesday, January 13th. The stock was 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 approximately $12,775,981.95. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $84.40, for a total value of $203,319.60. Following the completion of the sale, the insider directly owned 11,266 shares of the company’s stock, valued at approximately $950,850.40. This trade represents a 17.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,927 shares of company stock valued at $3,272,658. Corporate insiders own 5.68% of the company’s stock.

Okta Stock Performance

OKTA stock opened at $80.72 on Monday. The company has a market capitalization of $14.31 billion, a PE ratio of 61.62, a price-to-earnings-growth ratio of 3.33 and a beta of 0.79. Okta, Inc. has a one year low of $68.77 and a one year high of $127.57. The company’s 50 day moving average price is $85.06 and its two-hundred day moving average price is $87.33.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, research analysts predict that Okta, Inc. will post 0.42 EPS for the current year.

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

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results beat and signs of enterprise traction — Okta reported stronger-than-expected Q4 revenue and EPS (revenue ~$761M, EPS $0.90) with cRPO/contract metrics up, which underpins the near-term rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI‑agent product traction — Management said AI‑related products (e.g., Auth0 for AI Agents / Okta for AI Agents) contributed meaningfully to Q4 bookings and the company exceeded $3B in ACV, giving a credible growth narrative tied to securing non‑human identities. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Positive Sentiment: Analyst upgrades and bullish notes — Multiple brokers reiterated or upgraded coverage after the print (BMO upgraded to Outperform with a $97 PT; JPMorgan raised its PT slightly; Jefferies/DA Davidson remain constructive), which supports near‑term upside. BMO Capital Upgrades Okta to Outperform
• Neutral Sentiment: Mixed analyst positioning — while some firms kept or raised price targets, many others trimmed targets on a mix of valuation and near‑term growth concerns; consensus views show upside but with varied conviction. Okta To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Equity plan / shelf filing announced — Okta filed a $763M shelf tied to an ESOP equity offering; routine for employee programs but worth noting for potential future supply. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Negative Sentiment: Cautious FY‑2027 guidance and Q1 outlook — management’s FY‑27 and Q1 guidance implied a near‑term revenue deceleration (Q1 revenue guide slightly below Street estimates), which tempers the rally and keeps longer‑term growth questions alive. Okta’s Q4 results surpass estimates, but guidance appears mixed
• Negative Sentiment: Competition and execution questions on the AI agent opportunity — analysts warn that the AI‑agent TAM is attractive but unproven; large cloud players and security vendors are building competing solutions, making monetization and sustained re‑acceleration uncertain. Okta: Bigger Deals And Renewed Growth, Thanks To Agentic AI
• Negative Sentiment: Analyst price‑target cuts — several brokers trimmed targets post‑earnings despite positive notes, signaling caution on valuation and the company’s ability to reaccelerate growth. Benzinga Coverage of Price Target Changes

About Okta

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.