Andra AP fonden Grows Holdings in Okta, Inc. $OKTA

Andra AP fonden lifted its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 125.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the company’s stock after buying an additional 12,951 shares during the quarter. Andra AP fonden’s holdings in Okta were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after purchasing an additional 1,074,977 shares in the last quarter. Bourgeon Capital Management LLC bought a new stake in Okta in the third quarter valued at about $7,946,000. SBI Securities Co. Ltd. increased its holdings in Okta by 35.3% in the second quarter. SBI Securities Co. Ltd. now owns 35,806 shares of the company’s stock valued at $3,580,000 after buying an additional 9,340 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Okta during the second quarter valued at approximately $30,074,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Okta by 4.0% during the 3rd 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 during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OKTA. TD Cowen lowered their price target on Okta from $115.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Okta from $110.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Okta in a research note on Friday, December 12th. DA Davidson set a $110.00 target price on shares of Okta in a report on Thursday. Finally, Truist Financial decreased their price target on shares of Okta from $125.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Okta currently has an average rating of “Moderate Buy” and an average target price of $110.57.

Key Stories 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 news, insider Eric Robert Kelleher sold 2,409 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total transaction of $203,319.60. Following the completion of the transaction, the insider directly 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 filing with the SEC, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 1,836 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 36,328 shares in the company, valued at approximately $3,032,298.16. This represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,245 shares of company stock worth $3,385,624 over the last ninety days. 5.68% of the stock is owned by company insiders.

Okta Stock Performance

OKTA stock opened at $72.50 on Friday. Okta, Inc. has a 1 year low of $68.77 and a 1 year high of $127.57. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 66.51, a PEG ratio of 2.81 and a beta of 0.77. The stock’s fifty day moving average is $86.40 and its two-hundred day moving average is $87.88.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $742.00 million for the quarter, compared to analysts’ expectations of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta announced that its board has authorized a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Okta Company 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.