Nisa Investment Advisors LLC Sells 13,175 Shares of Okta, Inc. $OKTA

Nisa Investment Advisors LLC decreased its stake in Okta, Inc. (NASDAQ:OKTA) by 42.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,752 shares of the company’s stock after selling 13,175 shares during the period. Nisa Investment Advisors LLC’s holdings in Okta were worth $1,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Okta by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock worth $1,872,263,000 after purchasing an additional 935,364 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Okta by 9.1% during the second quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock worth $489,966,000 after buying an additional 407,087 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Okta by 20.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock worth $445,432,000 after buying an additional 755,709 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Okta by 11.1% in the second quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock valued at $314,488,000 after acquiring an additional 314,525 shares during the last quarter. Finally, Ninety One UK Ltd grew its position in Okta by 52.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after acquiring an additional 939,589 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Activity at Okta

In related news, insider Eric Robert Kelleher sold 2,409 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total transaction of $203,319.60. Following the sale, the insider owned 11,266 shares of the company’s stock, valued at approximately $950,850.40. This trade represents a 17.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Larissa Schwartz sold 1,899 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total value of $172,315.26. Following the completion of the transaction, the insider directly owned 38,164 shares of the company’s stock, valued at approximately $3,463,001.36. The trade was a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,727 shares of company stock worth $2,394,046 in the last quarter. Corporate insiders own 5.68% of the company’s stock.

Okta Stock Up 0.5%

OKTA stock opened at $94.07 on Wednesday. Okta, Inc. has a twelve month low of $75.05 and a twelve month high of $127.57. The company has a market cap of $16.67 billion, a P/E ratio of 86.30, a price-to-earnings-growth ratio of 4.37 and a beta of 0.76. The business’s fifty day moving average is $86.40 and its 200-day moving average is $90.40.

Okta (NASDAQ:OKTA) last posted its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The company had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. During the same period in the previous year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. Research analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta announced that its Board of Directors has initiated a stock buyback program on Monday, January 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Cantor Fitzgerald reiterates Okta as a contrarian value opportunity with ~30% upside, reinforcing buy‑side conviction and providing an analyst catalyst for the stock. Cantor Fitzgerald Calls Okta a Contrarian Value Opportunity With 30% Upside
• Positive Sentiment: Citi added Okta to a 90‑day catalyst watch, signaling potential near‑term events or re‑ratings that could lift the stock. Okta in spotlight as Citi adds 90-day catalyst watch
• Positive Sentiment: KeyBanc commentary praised Okta among security/software peers, which can support sentiment and analyst comparisons in the space. CrowdStrike downgraded at KeyBanc; firm praises Snowflake, Okta others
• Positive Sentiment: Okta began a beta test for digital identity verification tied to U.S. mobile driver’s licenses (mDLs) — a product expansion that could open new identity verification revenue streams. Okta begins beta test of digital identity verification for US mDLs
• Positive Sentiment: Industry pieces highlight AI driving an identity‑centric security imperative — a tailwind for Okta’s identity and access management offerings. Identity at the Centre: Why AI Is Accelerating a New Security Imperative
• Neutral Sentiment: Benzinga article on a ChatGPT price prediction for OKTA is speculative noise and unlikely to move fundamentals; treat as sentiment filler unless widely cited by retail traders. ChatGPT Thinks Okta Stock Will Close At This Price In The Next 60 Days
• Neutral Sentiment: MarketBeat roundup on software buybacks mentions several beaten‑down names boosting buybacks; if Okta were included, buybacks would be a positive signal, but details are unclear here. Down 20%+, These 3 Software Stocks Are Boosting Buybacks
• Neutral Sentiment: Short‑interest data reported shows an anomalous/zero figure and a days‑to‑cover of 0.0 — appears to be a data glitch, so treat as non‑informative for positioning today.
• Negative Sentiment: An insider sale of about $172k was reported; small in size relative to Okta’s market cap, but such disclosures can create short‑term headline pressure. Insider Selling: Okta (NASDAQ:OKTA) Insider Sells $172,315.26 in Stock

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OKTA shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Okta in a research note on Wednesday, December 17th. Citigroup reiterated a “neutral” rating on shares of Okta in a research report on Monday. Berenberg Bank began coverage on shares of Okta in a research report on Tuesday, November 18th. They issued a “buy” rating and a $145.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Okta from $110.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, December 3rd. Twenty-four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.09.

About Okta

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.