Asset Management One Co. Ltd. Raises Stake in Okta, Inc. $OKTA

Asset Management One Co. Ltd. increased its stake in Okta, Inc. (NASDAQ:OKTA) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 174,785 shares of the company’s stock after buying an additional 6,928 shares during the quarter. Asset Management One Co. Ltd. owned 0.10% of Okta worth $15,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Okta in the 3rd quarter worth about $26,000. Elevation Wealth Partners LLC boosted its holdings in shares of Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after buying an additional 264 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Okta in the 3rd quarter worth about $34,000. Westside Investment Management Inc. boosted its holdings in shares of Okta by 86.9% in the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock worth $38,000 after buying an additional 193 shares during the last quarter. Finally, Financial Consulate Inc. purchased a new position in shares of Okta in the 3rd quarter worth about $40,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on OKTA shares. Morgan Stanley lowered their price objective on Okta from $110.00 to $101.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Citigroup cut Okta from a “neutral” rating to a “negative” rating in a research note on Thursday. Wells Fargo & Company started coverage on Okta in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $76.00 price objective on the stock. Piper Sandler lowered their price objective on Okta from $100.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Finally, Jefferies Financial Group lowered their price objective on Okta from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Twenty-nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.95.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analyst upgrades from Raymond James and Barclays boosted optimism that Okta will capture identity-security spending driven by AI/agentic use cases. Why Okta (OKTA) Stock Is Up Today
• Positive Sentiment: Barclays upgraded OKTA to overweight (PT raised to $90 from $85), citing identity security rising to the top of enterprise spending priorities and a growing “agentic” AI opportunity. Barclays upgrades Okta on identity spending and agentic opportunity
• Positive Sentiment: MarketWatch and CNBC coverage echoed the bullish shift, arguing Okta is one of the few vendors positioned to meet rising identity-security needs as AI agents proliferate — a thematic re-rating that supports higher analyst targets and investor interest. Okta’s stock is surging. Here’s why identity security has become the next hot thing.
• Positive Sentiment: Director David Schellhase purchased 3,712 shares at ~$72.04 under a pre-arranged 10b5‑1 plan, a director buy that investors often treat as a signal of insider confidence. SEC filing — Form 4
• Neutral Sentiment: Context pieces revisiting Q4 cybersecurity earnings (including Okta) assess past results and guidance; these reviews are informative but not the proximate cause of today’s move compared with the analyst upgrades and thematic coverage. A Look Back at Cybersecurity Stocks’ Q4 Earnings

Okta Stock Up 4.9%

Shares of OKTA opened at $75.76 on Tuesday. The business’s 50-day moving average price is $77.10 and its 200-day moving average price is $83.92. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $127.57. The stock has a market cap of $13.40 billion, a PE ratio of 57.83, a P/E/G ratio of 2.81 and a beta of 0.76.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $749.87 million. During the same period in the prior year, the business posted $0.78 earnings per share. The company’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. Analysts expect that Okta, Inc. will post 1.61 earnings per share for the current fiscal year.

Okta announced that its Board of Directors has initiated a stock buyback program on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Okta

In other Okta news, Director David Schellhase acquired 3,712 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $72.04 per share, with a total value of $267,412.48. Following the completion of the acquisition, the director owned 3,712 shares of the company’s stock, valued at $267,412.48. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan James Addison sold 23,304 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total value of $1,812,818.16. Following the transaction, the executive directly owned 4,364 shares of the company’s stock, valued at $339,475.56. The trade was a 84.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,843 shares of company stock valued at $5,071,889 in the last ninety days. Insiders own 5.68% of the company’s stock.

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.