Okta, Inc. $OKTA Stock Holdings Boosted by KBC Group NV

KBC Group NV boosted its position in Okta, Inc. (NASDAQ:OKTA) by 34.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,356 shares of the company’s stock after purchasing an additional 10,951 shares during the quarter. KBC Group NV’s holdings in Okta were worth $3,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Okta by 113.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,067,128 shares of the company’s stock valued at $172,895,000 after buying an additional 1,099,962 shares during the last quarter. Vanguard Group Inc. grew its holdings in Okta by 5.7% in 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 in the last quarter. Alyeska Investment Group L.P. increased its position in Okta by 276.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company’s stock valued at $128,701,000 after acquiring an additional 1,031,083 shares during the period. Victory Capital Management Inc. increased its position in Okta by 816.2% in the 3rd quarter. Victory Capital Management Inc. now owns 641,382 shares of the company’s stock valued at $58,815,000 after acquiring an additional 571,381 shares during the period. Finally, Man Group plc raised its stake in Okta by 132.1% during the 3rd quarter. Man Group plc now owns 741,924 shares of the company’s stock valued at $68,034,000 after acquiring an additional 422,296 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Todd Mckinnon sold 11,263 shares of Okta stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $81.01, for a total value of $912,415.63. Following the transaction, the chief executive officer directly owned 97,083 shares in the company, valued at $7,864,693.83. The trade was a 10.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Larissa Schwartz sold 6,377 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $79.75, for a total value of $508,565.75. Following the sale, the insider directly owned 54,825 shares in the company, valued at $4,372,293.75. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 63,843 shares of company stock worth $5,071,889 over the last quarter. 5.68% of the stock is currently owned by insiders.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Raymond James upgraded OKTA to Outperform, citing improving profitability, strong free cash flow and the view that AI agents expand Okta’s TAM by creating demand for identity for machine-to-machine and human-to-machine interactions. The broker set an $85 price target, which helped spark the rally. Why Okta (OKTA) Is Up 6.3% After Raymond James’ AI-Focused Upgrade And Profitability Push
• Positive Sentiment: Analysts and press coverage are highlighting Okta’s positioning for AI-agent security — the company’s “secure agentic enterprise” messaging and planned platform features to discover and govern AI agents create a potential new growth vector beyond traditional identity management. AI Agents Could Be a Boon, Not a Replacement, for Okta. An Analyst Says Buy Now.
• Positive Sentiment: Fundamentals cited by brokers: Okta’s latest quarter beat revenue and EPS expectations, showed accelerating free cash flow and expanding backlog metrics (RPO/cRPO), and management has provided multi-year guidance implying continued margin improvement — all supports the case for a re-rating. Okta jumps about 7% on analyst upgrade tied to improving fundamentals and AI-agent security upside
• Neutral Sentiment: Other sell-side activity: KeyBanc and multiple firms maintain buy/overweight views and several price targets sit above the current price, supporting sentiment but leaving dispersion in analyst targets (median targets higher than current). This provides analyst support but not unanimous upside conviction. KeyBanc Sticks to Their Buy Rating for Okta (OKTA)
• Neutral Sentiment: Institutional positioning is mixed — some large funds trimmed holdings while others added materially last quarter. That uneven ownership can amplify trading moves but also means flows could go either way. Okta jumps about 7% on analyst upgrade tied to improving fundamentals and AI-agent security upside
• Negative Sentiment: Insider selling has been heavy in recent months (multiple insiders selling sizable blocks), which some investors view as a cautionary sign about near-term insider conviction despite positive fundamental headlines. Okta jumps about 7% on analyst upgrade tied to improving fundamentals and AI-agent security upside

Okta Stock Performance

Shares of NASDAQ OKTA opened at $72.25 on Monday. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $127.57. The firm has a 50-day moving average of $77.35 and a two-hundred day moving average of $84.05. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 55.15, a PEG ratio of 2.81 and a beta of 0.76.

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

Okta declared that its board has authorized a stock repurchase program on Monday, January 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. KeyCorp decreased their price target on Okta from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday. Cantor Fitzgerald cut their price objective on shares of Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. BMO Capital Markets raised shares of Okta from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $83.00 to $97.00 in a report on Friday, March 6th. Truist Financial decreased their target price on shares of Okta from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Needham & Company LLC lowered their target price on shares of Okta from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.81.

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.