First Trust Advisors LP Sells 197,084 Shares of Okta, Inc. $OKTA

First Trust Advisors LP lessened its stake in Okta, Inc. (NASDAQ:OKTA) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,704,039 shares of the company’s stock after selling 197,084 shares during the quarter. First Trust Advisors LP owned approximately 2.69% of Okta worth $431,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased 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 valued at $1,815,956,000 after acquiring an additional 1,074,977 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Okta by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock valued at $425,082,000 after purchasing an additional 179,919 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Okta by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock valued at $314,488,000 after purchasing an additional 314,525 shares during the last quarter. Norges Bank purchased a new position in shares of Okta during the second quarter valued at about $211,923,000. Finally, Ameriprise Financial Inc. grew its position in shares of Okta by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 2,037,640 shares of the company’s stock valued at $203,704,000 after purchasing an additional 22,975 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Okta Price Performance

OKTA stock opened at $80.72 on Friday. Okta, Inc. has a 12 month low of $68.77 and a 12 month high of $127.57. The firm’s 50-day moving average is $85.06 and its 200 day moving average is $87.38. The company has a market capitalization of $14.31 billion, a PE ratio of 61.62, a P/E/G ratio of 3.08 and a beta of 0.79.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company 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. Sell-side analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

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

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results beat and signs of enterprise traction — Okta reported stronger-than-expected Q4 revenue and EPS (revenue ~$761M, EPS $0.90) with cRPO/contract metrics up, which underpins the near-term rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI‑agent product traction — Management said AI‑related products (e.g., Auth0 for AI Agents / Okta for AI Agents) contributed meaningfully to Q4 bookings and the company exceeded $3B in ACV, giving a credible growth narrative tied to securing non‑human identities. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Positive Sentiment: Analyst upgrades and bullish notes — Multiple brokers reiterated or upgraded coverage after the print (BMO upgraded to Outperform with a $97 PT; JPMorgan raised its PT slightly; Jefferies/DA Davidson remain constructive), which supports near‑term upside. BMO Capital Upgrades Okta to Outperform
• Neutral Sentiment: Mixed analyst positioning — while some firms kept or raised price targets, many others trimmed targets on a mix of valuation and near‑term growth concerns; consensus views show upside but with varied conviction. Okta To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Equity plan / shelf filing announced — Okta filed a $763M shelf tied to an ESOP equity offering; routine for employee programs but worth noting for potential future supply. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Negative Sentiment: Cautious FY‑2027 guidance and Q1 outlook — management’s FY‑27 and Q1 guidance implied a near‑term revenue deceleration (Q1 revenue guide slightly below Street estimates), which tempers the rally and keeps longer‑term growth questions alive. Okta’s Q4 results surpass estimates, but guidance appears mixed
• Negative Sentiment: Competition and execution questions on the AI agent opportunity — analysts warn that the AI‑agent TAM is attractive but unproven; large cloud players and security vendors are building competing solutions, making monetization and sustained re‑acceleration uncertain. Okta: Bigger Deals And Renewed Growth, Thanks To Agentic AI
• Negative Sentiment: Analyst price‑target cuts — several brokers trimmed targets post‑earnings despite positive notes, signaling caution on valuation and the company’s ability to reaccelerate growth. Benzinga Coverage of Price Target Changes

Analysts Set New Price Targets

OKTA has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on Okta from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company began coverage on Okta in a report on Tuesday. They set an “equal weight” rating and a $76.00 price target for the company. Stephens reduced their price objective on Okta from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday. BTIG Research decreased their price objective on Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Citigroup lowered their target price on Okta from $100.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Okta presently has an average rating of “Moderate Buy” and an average price target of $103.25.

Insider Transactions at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 134,385 shares in the company, valued at $12,775,981.95. This trade represents a 6.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd Mckinnon sold 11,286 shares of Okta stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,927 shares of company stock worth $3,272,658 over the last three months. Company insiders own 5.68% of the company’s stock.

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.