Okta, Inc. $OKTA Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Okta, Inc. (NASDAQ:OKTA) by 27.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,285 shares of the company’s stock after purchasing an additional 4,311 shares during the period. Intech Investment Management LLC’s holdings in Okta were worth $2,028,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harbour Investments Inc. raised its position in shares of Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 157 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in Okta during the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. raised its holdings in Okta by 88.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock valued at $34,000 after acquiring an additional 159 shares during the last quarter. Kiker Wealth Management LLC lifted its stake in Okta by 1,159.3% in the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Okta by 126.0% in the 2nd quarter. V Square Quantitative Management LLC now owns 504 shares of the company’s stock worth $50,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta Price Performance

NASDAQ OKTA opened at $78.68 on Friday. The firm’s 50-day moving average is $88.62 and its two-hundred day moving average is $96.48. Okta, Inc. has a 12 month low of $74.81 and a 12 month high of $127.57. The stock has a market capitalization of $13.77 billion, a P/E ratio of 92.56, a PEG ratio of 3.84 and a beta of 0.84.

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

Analyst Ratings Changes

Several research firms recently commented on OKTA. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Okta in a report on Wednesday, August 27th. BTIG Research restated a “buy” rating and issued a $142.00 target price on shares of Okta in a report on Friday, September 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Okta in a report on Friday, September 26th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $130.00 price objective on shares of Okta in a research report on Wednesday, August 27th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Okta presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.33.

Insider Buying and Selling

In related news, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the sale, the chief financial officer owned 133,336 shares in the company, valued at approximately $12,666,920. The trade was a 6.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd Mckinnon sold 31,968 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 64,975 shares of company stock valued at $6,011,126 over the last quarter. 5.68% of the stock is 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.