DNB Asset Management AS Grows Stock Holdings in Okta, Inc. $OKTA

DNB Asset Management AS raised its holdings in Okta, Inc. (NASDAQ:OKTA) by 134.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 374,569 shares of the company’s stock after acquiring an additional 214,780 shares during the period. DNB Asset Management AS owned 0.21% of Okta worth $34,348,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in OKTA. Choreo LLC boosted its stake in Okta by 2.0% in the 3rd quarter. Choreo LLC now owns 7,239 shares of the company’s stock worth $664,000 after buying an additional 140 shares during the last quarter. Westpac Banking Corp lifted its holdings in shares of Okta by 10.6% during the 3rd quarter. Westpac Banking Corp now owns 1,851 shares of the company’s stock worth $170,000 after acquiring an additional 177 shares during the period. Interchange Capital Partners LLC acquired a new stake in shares of Okta in the third quarter worth approximately $247,000. US Bancorp DE boosted its position in shares of Okta by 36.0% in the third quarter. US Bancorp DE now owns 555,988 shares of the company’s stock worth $50,984,000 after acquiring an additional 147,100 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT purchased a new stake in Okta in the third quarter valued at approximately $876,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Analyst Ratings Changes

OKTA has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Okta in a research note on Friday, December 12th. BMO Capital Markets dropped their price objective on Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a report on Thursday. Susquehanna reduced their target price on Okta from $105.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Morgan Stanley lowered their price target on Okta from $123.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group cut their price objective on Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.57.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $72.50 on Friday. The business’s 50-day simple moving average is $86.40 and its 200 day simple moving average is $87.89. The company has a market cap of $12.85 billion, a P/E ratio of 66.51, a PEG ratio of 2.91 and a beta of 0.77. Okta, Inc. has a one year low of $68.77 and a one year high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The company 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%. Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. Analysts predict 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 buyback plan on Monday, January 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Okta

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

Insider Activity

In other Okta news, insider Larissa Schwartz sold 1,836 shares of the business’s 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 transaction, the insider owned 36,328 shares in the company, valued at $3,032,298.16. The trade was a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the sale, the chief financial officer owned 134,385 shares of the company’s stock, valued at $12,775,981.95. This represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,245 shares of company stock worth $3,385,624. Corporate 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.