Assenagon Asset Management S.A. Grows Position in Okta, Inc. $OKTA

Assenagon Asset Management S.A. raised its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 227.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,884 shares of the company’s stock after acquiring an additional 99,212 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Okta worth $12,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co. grew its stake in shares of Okta by 27.2% in the 4th quarter. Diversified Trust Co. now owns 13,284 shares of the company’s stock worth $1,149,000 after acquiring an additional 2,842 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in Okta in the 4th quarter worth about $52,000. GK Wealth Management LLC increased its stake in Okta by 4.1% in the 4th quarter. GK Wealth Management LLC now owns 5,447 shares of the company’s stock valued at $471,000 after buying an additional 217 shares during the last quarter. Finally, Union Bancaire Privee UBP SA lifted its position in shares of Okta by 55.2% during the 4th quarter. Union Bancaire Privee UBP SA now owns 157,395 shares of the company’s stock worth $13,610,000 after buying an additional 56,000 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of the 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 sale, the chief financial officer owned 134,385 shares in the company, valued at $12,775,981.95. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric Robert Kelleher sold 16,818 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $80.00, for a total value of $1,345,440.00. Following the completion of the transaction, the insider directly owned 15,470 shares of the company’s stock, valued at $1,237,600. The trade was a 52.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 69,365 shares of company stock worth $5,696,938. Company insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

OKTA has been the subject of several recent analyst reports. Stephens reduced their target price on Okta from $120.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price target on Okta from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Scotiabank reduced their price objective on Okta from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, March 5th. Jefferies Financial Group decreased their target price on Okta from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Canaccord Genuity Group lowered their target price on Okta from $120.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.25.

Okta Stock Performance

Shares of Okta stock opened at $73.23 on Friday. The stock has a market capitalization of $12.95 billion, a P/E ratio of 55.90, a P/E/G ratio of 3.10 and a beta of 0.79. Okta, Inc. has a 52-week low of $68.77 and a 52-week high of $127.57. The stock’s 50-day simple moving average is $81.61 and its 200 day simple moving average is $86.05.

Okta (NASDAQ:OKTA) last posted its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. During the same quarter last year, the company 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. Equities research analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

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

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 earnings beat, revenue growth and FY‑2027 guidance plus a $1.0B share‑repurchase authorization provide fundamental and capital‑allocation support. Read More.
• Positive Sentiment: Subscription revenue and identity product adoption showed strength in Q4 (higher deal values), supporting the view that product momentum can drive longer‑term reacceleration. Read More.
• Positive Sentiment: Macquarie initiated coverage with an Outperform and a $100 target, signaling some buy‑side conviction on Okta’s recovery levers. Read More.
• Neutral Sentiment: Wall Street coverage remains skewed toward Buy/Overweight overall, but price targets are dispersed — a mixed analyst backdrop that can magnify short‑term moves. Read More.
• Neutral Sentiment: Large institutional position changes and active hedge fund flows are increasing attention/volatility; these portfolio moves can amplify intraday swings without changing fundamentals. Read More.
• Negative Sentiment: Sector‑wide AI competition fears after a leak about Anthropic’s “Claude Mythos” cybersecurity agent triggered a broad selloff in security names, pressuring Okta despite company‑specific news. Read More.
• Negative Sentiment: Post‑earnings reset: investors are shifting focus from margin/profitability highlights to forward demand metrics (net retention, cRPO, backlog) and several firms trimmed targets — that rotation weighed on the stock. Read More.
• Negative Sentiment: Significant insider selling disclosed (including CEO Todd McKinnon), plus recent/announced board departures — disclosures that can increase short‑term selling pressure even when filings cite non‑disagreement reasons. Read More.

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.