Strs Ohio Takes $14.19 Million Position in Okta, Inc. $OKTA

Strs Ohio bought a new stake in shares of Okta, Inc. (NASDAQ:OKTA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 141,946 shares of the company’s stock, valued at approximately $14,190,000. Strs Ohio owned about 0.08% of Okta as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. TD Private Client Wealth LLC increased its position in shares of Okta by 19.6% during the 1st quarter. TD Private Client Wealth LLC now owns 561 shares of the company’s stock valued at $59,000 after purchasing an additional 92 shares during the last quarter. Allworth Financial LP boosted its holdings in Okta by 5.7% during the 1st quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock valued at $173,000 after acquiring an additional 92 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Okta by 12.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after acquiring an additional 92 shares during the period. First Horizon Advisors Inc. boosted its holdings in Okta by 18.9% during the 1st quarter. First Horizon Advisors Inc. now owns 678 shares of the company’s stock valued at $71,000 after acquiring an additional 108 shares during the period. Finally, Norden Group LLC boosted its holdings in Okta by 3.7% during the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock valued at $326,000 after acquiring an additional 116 shares during the period. Institutional investors own 86.64% of the company’s stock.

Okta Trading Up 4.1%

Shares of OKTA stock opened at $91.53 on Friday. Okta, Inc. has a twelve month low of $70.92 and a twelve month high of $127.57. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 107.68, a P/E/G ratio of 4.49 and a beta of 0.84. The stock has a fifty day simple moving average of $90.91 and a two-hundred day simple moving average of $98.53.

Okta (NASDAQ:OKTA) last issued its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The business had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Research analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

OKTA has been the subject of a number of recent analyst reports. JMP Securities restated a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Canaccord Genuity Group upgraded Okta from a “hold” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $120.00 in a report on Tuesday, August 26th. Truist Financial upgraded Okta from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $125.00 in a report on Monday, August 25th. Finally, Citigroup restated a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.94.

Insider Activity

In related news, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the chief financial officer directly owned 133,336 shares in the company, valued at $12,666,920. This represents a 6.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Todd Mckinnon sold 31,968 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. The SEC filing for this sale provides additional information. Insiders sold a total of 63,657 shares of company stock worth $5,898,754 over the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

Okta 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.