Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Okta, Inc. $OKTA

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 1.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,600 shares of the company’s stock after acquiring an additional 700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Okta were worth $3,759,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Okta by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock worth $1,872,167,000 after acquiring an additional 582,956 shares during the period. Trek Financial LLC acquired a new stake in Okta during the 1st quarter worth approximately $426,000. Focus Partners Advisor Solutions LLC purchased a new stake in Okta during the first quarter worth approximately $515,000. Stephens Investment Management Group LLC grew its stake in Okta by 10.4% during the first quarter. Stephens Investment Management Group LLC now owns 499,125 shares of the company’s stock worth $52,518,000 after buying an additional 46,818 shares during the period. Finally, Machina Capital S.A.S. grew its stake in Okta by 63.1% during the first quarter. Machina Capital S.A.S. now owns 7,727 shares of the company’s stock worth $813,000 after buying an additional 2,988 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Canaccord Genuity Group upgraded shares of Okta from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $120.00 in a research note on Tuesday, August 26th. Zacks Research downgraded shares of Okta from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Truist Financial upgraded shares of Okta from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $125.00 in a research note on Monday, August 25th. Finally, Robert W. Baird decreased their price objective on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $118.94.

Okta Stock Up 0.3%

OKTA opened at $87.91 on Friday. The firm has a market capitalization of $15.39 billion, a P/E ratio of 103.42, a P/E/G ratio of 4.30 and a beta of 0.84. The firm’s 50 day moving average is $90.92 and its 200-day moving average is $98.61. Okta, Inc. has a 52-week low of $70.92 and a 52-week high of $127.57.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The company had revenue of $728,000 billion for the quarter, compared to analyst estimates of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Equities analysts expect that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at Okta

In related news, CRO Jonathan James Addison sold 6,091 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $92.61, for a total value of $564,087.51. Following the sale, the executive directly owned 7,067 shares of the company’s stock, valued at $654,474.87. This represents a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric Robert Kelleher sold 2,410 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total transaction of $221,069.30. Following the completion of the sale, the insider directly owned 9,174 shares in the company, valued at $841,531.02. This represents a 20.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,657 shares of company stock valued at $5,898,754 over the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

Okta Company Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.