CenterBook Partners LP Reduces Holdings in Okta, Inc. $OKTA

CenterBook Partners LP lowered its position in shares of Okta, Inc. (NASDAQ:OKTA) by 76.0% during the third quarter, Holdings Channel reports. The firm owned 35,277 shares of the company’s stock after selling 111,750 shares during the quarter. CenterBook Partners LP’s holdings in Okta were worth $3,235,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in OKTA. Vanguard Group Inc. grew its stake in Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after buying an additional 1,074,977 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Okta by 9.1% in the second quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock valued at $489,966,000 after acquiring an additional 407,087 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Okta by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after acquiring an additional 179,919 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Okta by 11.1% in the 2nd 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 period. Finally, Norges Bank purchased a new stake in Okta in the 2nd quarter valued at $211,923,000. 86.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the sale, the chief financial officer owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Larissa Schwartz sold 1,836 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $83.47, for a total transaction of $153,250.92. Following the transaction, the insider owned 36,328 shares in the company, valued at $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,245 shares of company stock worth $3,385,624 in the last ninety days. 5.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OKTA shares. Roth Mkm reissued a “buy” rating on shares of Okta in a research report on Wednesday, December 3rd. Berenberg Bank assumed coverage on shares of Okta in a research note on Tuesday, November 18th. They set a “buy” rating and a $145.00 target price for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Okta in a report on Monday, December 1st. Wall Street Zen cut Okta from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Barclays decreased their price objective on Okta from $112.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 18th. Twenty-five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Okta has an average rating of “Moderate Buy” and an average target price of $112.56.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: JPMorgan included Okta on a list of 18 “mispriced” tech names that it views as insulated from AI disruption — a high‑profile bank endorsement that can attract institutional buyers. JPMorgan says to buy these 18 ‘mispriced’ tech stocks
• Positive Sentiment: The Motley Fool named Okta as one of two “monster stocks to hold for the next 10 years,” highlighting durable demand from AI/security tailwinds — a supportive long‑horizon narrative for buy-and-hold investors. 2 Monster Stocks to Hold for the Next 10 Years
• Positive Sentiment: Brokerage consensus remains constructive: a summary piece reports an average analyst rating of “Moderate Buy,” which supports demand vs. purely bearish views. Okta Receives Average Rating of Moderate Buy
• Positive Sentiment: Okta is pushing its identity/security story in India, arguing “trust” will matter for AI-first enterprises — signals potential market expansion and enterprise demand growth. Why Okta believes trust, not speed, will define India’s AI-first enterprises
• Neutral Sentiment: Benzinga compiled 26 analyst projections for Okta — useful for gauging the range of expectations but not a single directional catalyst. Forecasting The Future: 26 Analyst Projections For Okta
• Neutral Sentiment: TipRanks covered a BMO Capital note (Keith Bachman) that maintained a Hold: it cites improving fundamentals but limited near‑term upside and execution risk — a balanced view that tempers momentum. Balanced View on Okta
• Neutral Sentiment: Zacks noted Okta as a trending ticker — increased retail/coverage attention can raise short‑term volume but isn’t a direct buy/sell signal. Here is What to Know Beyond Why Okta is a Trending Stock
• Negative Sentiment: Mizuho cut its price target from $110 to $100 while keeping an Outperform rating — a downgrade of upside expectations that can cap near‑term gains despite the positive rating. OKTA price target lowered at Mizuho

Okta Trading Up 0.6%

Shares of OKTA opened at $82.93 on Thursday. The stock’s 50 day moving average is $88.62 and its two-hundred day moving average is $88.84. Okta, Inc. has a twelve month low of $75.05 and a twelve month high of $127.57. The firm has a market capitalization of $14.70 billion, a PE ratio of 76.08, a P/E/G ratio of 3.29 and a beta of 0.77.

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

Okta announced that its board has authorized a share repurchase program on Monday, January 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Okta Profile

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.