Avanza Fonder AB Has $1.50 Million Stock Holdings in Okta, Inc. $OKTA

Avanza Fonder AB grew its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 69.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,385 shares of the company’s stock after purchasing an additional 7,142 shares during the period. Avanza Fonder AB’s holdings in Okta were worth $1,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OKTA. Vanguard Group Inc. lifted its stake in Okta by 5.7% during the third quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after buying an additional 1,074,977 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Okta by 9.1% in the second quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock worth $489,966,000 after buying an additional 407,087 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Okta by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after acquiring an additional 179,919 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Okta by 9.3% during the third quarter. Ameriprise Financial Inc. now owns 2,226,676 shares of the company’s stock valued at $204,162,000 after acquiring an additional 189,036 shares during the period. Finally, Norges Bank acquired a new stake in shares of Okta during the second quarter valued at approximately $211,923,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank decreased their price objective on shares of Okta from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, March 5th. BTIG Research cut their target price on shares of Okta from $116.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Cantor Fitzgerald decreased their target price on Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Barclays dropped their price target on Okta from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. Finally, Guggenheim reissued a “buy” rating and issued a $138.00 price objective on shares of Okta in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Okta presently has an average rating of “Moderate Buy” and an average price target of $103.25.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta reported a quarterly earnings and revenue beat and reaffirmed FY‑2027 and Q1 guidance, which supports the company’s revenue trajectory and profitability outlook. Earnings Beat
• Positive Sentiment: The board authorized a $1.0 billion share repurchase program (up to ~6.8% of shares), a direct capital-return signal that can support the share price and reduce float over time.
• Neutral Sentiment: Multiple short‑interest reports for March show “0” shares and NaN changes — the data appears unreliable or not meaningful, so there’s no clear evidence of a large short bet pressuring the stock. (Market data noise.)
• Neutral Sentiment: Media and research outlets (Zacks and others) are flagging Okta as a trending/momentum name and highlighting product expansion (AI‑driven identity offerings). That can sustain interest but is informational rather than an immediate price catalyst. Zacks Trending Piece
• Negative Sentiment: An Okta insider, Eric Robert Kelleher, sold 16,818 shares (avg. $80) on Mar 19 — a $1.35M transaction that materially reduced his stake; such sales can be interpreted as bearish by some investors. Insider Sale
• Negative Sentiment: Several analysts have trimmed price targets (e.g., Citigroup, Stephens, Morgan Stanley), which increases downward pressure by resetting street expectations and may reduce near‑term demand.
• Negative Sentiment: Okta announced an upcoming board transition after a director resignation (Jeff Epstein), a governance event investors may watch for potential strategic or oversight implications. Board Transition

Okta Stock Performance

Shares of OKTA stock opened at $76.76 on Wednesday. The stock’s 50 day simple moving average is $82.50 and its 200 day simple moving average is $86.29. Okta, Inc. has a twelve month low of $68.77 and a twelve month high of $127.57. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 58.60, a PEG ratio of 3.17 and a beta of 0.79.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $749.87 million. During the same quarter in the prior year, the business earned $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. On average, analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta announced that its board 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 reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Larissa Schwartz sold 1,836 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $79.89, for a total value of $146,678.04. Following the transaction, the insider directly owned 79,422 shares in the company, valued at approximately $6,345,023.58. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brett Tighe sold 10,000 shares of the business’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 of the company’s stock, valued at approximately $12,775,981.95. This represents a 6.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 34,798 shares of company stock valued at $2,971,704. 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.