Okta, Inc. $OKTA Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Okta, Inc. (NASDAQ:OKTA) by 23.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,927,423 shares of the company’s stock after selling 902,827 shares during the quarter. American Century Companies Inc. owned approximately 1.67% of Okta worth $268,445,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OKTA. Vanguard Group Inc. lifted its position in shares of Okta by 5.7% in the third quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after acquiring an additional 1,074,977 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in Okta in the 3rd quarter valued at $7,946,000. SBI Securities Co. Ltd. boosted its stake in Okta by 35.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 35,806 shares of the company’s stock worth $3,580,000 after purchasing an additional 9,340 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Okta during the second quarter worth $30,074,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Okta by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after buying an additional 179,919 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OKTA shares. Truist Financial lowered their price target on shares of Okta from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Barclays lowered their target price on Okta from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday. Zacks Research raised Okta from a “hold” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $120.00 target price on shares of Okta in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Okta has a consensus rating of “Moderate Buy” and a consensus price target of $110.57.

Trending Headlines about 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 Buying and Selling at Okta

In related news, insider Eric Robert Kelleher sold 2,409 shares of Okta stock in a transaction that occurred on 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 transaction, the insider owned 11,266 shares in the company, valued at approximately $950,850.40. The trade was a 17.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the sale, the chief financial officer owned 134,385 shares in the company, valued at approximately $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,245 shares of company stock valued at $3,385,624 over the last three months. 5.68% of the stock is currently owned by company insiders.

Okta Stock Down 3.7%

NASDAQ:OKTA opened at $72.50 on Friday. Okta, Inc. has a 52 week low of $68.77 and a 52 week high of $127.57. The stock’s fifty day moving average is $86.40 and its two-hundred day moving average is $87.88. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 66.51, a price-to-earnings-growth ratio of 2.81 and a beta of 0.77.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $742.00 million during the quarter, compared to analysts’ expectations of $730.23 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. On average, sell-side analysts expect that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.