Y.D. More Investments Ltd Purchases 17,140 Shares of Okta, Inc. $OKTA

Y.D. More Investments Ltd boosted its holdings in Okta, Inc. (NASDAQ:OKTA) by 118.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,595 shares of the company’s stock after buying an additional 17,140 shares during the period. Y.D. More Investments Ltd’s holdings in Okta were worth $3,134,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Alkeon Capital Management LLC bought a new position in shares of Okta in the first quarter worth about $199,918,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Okta by 76.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after purchasing an additional 1,189,222 shares in the last quarter. Ninety One UK Ltd boosted its stake in Okta by 52.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after purchasing an additional 939,589 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Okta by 20.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock valued at $445,432,000 after buying an additional 755,709 shares in the last quarter. Finally, PointState Capital LP bought a new stake in shares of Okta during the first quarter valued at approximately $78,094,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OKTA shares. Canaccord Genuity Group upgraded shares of Okta from a “hold” rating to a “buy” rating and upped their target price for the stock from $115.00 to $120.00 in a research report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a research note on Wednesday, October 8th. Scotiabank cut their price objective on Okta from $115.00 to $105.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 27th. Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Finally, Citigroup reissued a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Twenty-two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and an average target price of $117.69.

Okta Stock Performance

Shares of Okta stock opened at $83.94 on Friday. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 98.75, a price-to-earnings-growth ratio of 4.12 and a beta of 0.84. The stock has a 50 day moving average price of $89.82 and a 200-day moving average price of $97.53. Okta, Inc. has a one year low of $71.84 and a one year high of $127.57.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 3.31% and a net margin of 6.08%.Okta’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Sell-side analysts predict that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Todd Mckinnon sold 31,968 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $92.33, for a total transaction of $2,951,605.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $92.61, for a total transaction of $564,087.51. Following the completion of the sale, the executive directly owned 7,067 shares in the company, valued at $654,474.87. This trade represents a 46.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 64,975 shares of company stock worth $6,011,126 in the last 90 days. Company insiders own 5.68% of the company’s stock.

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.