Ilmarinen Mutual Pension Insurance Co Increases Stake in Okta, Inc. $OKTA

Ilmarinen Mutual Pension Insurance Co grew its position in Okta, Inc. (NASDAQ:OKTA) by 19.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,575 shares of the company’s stock after acquiring an additional 6,200 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Okta were worth $3,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OKTA. Integrated Wealth Concepts LLC purchased a new stake in shares of Okta in the first quarter worth approximately $225,000. NewEdge Advisors LLC raised its holdings in shares of Okta by 853.4% in the first quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after buying an additional 4,950 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Okta in the second quarter worth approximately $244,000. Invesco Ltd. raised its holdings in shares of Okta by 34.1% in the second quarter. Invesco Ltd. now owns 430,844 shares of the company’s stock worth $43,071,000 after buying an additional 109,614 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Okta by 122.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock worth $162,000 after buying an additional 893 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insiders Place Their Bets

In other news, insider Larissa Schwartz sold 6,377 shares of Okta stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $79.75, for a total value of $508,565.75. Following the transaction, the insider directly owned 54,825 shares in the company, valued at approximately $4,372,293.75. This trade represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan James Addison sold 23,304 shares of Okta stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total value of $1,812,818.16. Following the completion of the transaction, the executive owned 4,364 shares in the company, valued at $339,475.56. This represents a 84.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 70,884 shares of company stock worth $5,625,648. Insiders own 4.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OKTA. Truist Financial increased their price target on Okta from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Citigroup reaffirmed an “outperform” rating on shares of Okta in a research note on Friday. Oppenheimer raised their price target on shares of Okta from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank raised their price target on shares of Okta from $80.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Okta from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.86.

Okta Stock Performance

NASDAQ OKTA opened at $123.27 on Friday. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 89.33, a price-to-earnings-growth ratio of 3.69 and a beta of 0.59. The company’s 50-day simple moving average is $79.90 and its two-hundred day simple moving average is $82.97. Okta, Inc. has a one year low of $62.66 and a one year high of $124.79.

Okta (NASDAQ:OKTA) last posted its earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The business had revenue of $765.00 million for the quarter, compared to the consensus estimate of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.16%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Equities analysts expect that Okta, Inc. will post 1.61 earnings per share for the current fiscal year.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta beat consensus on both revenue and earnings, reporting $765 million in revenue and $0.91 EPS, while also raising full-year and next-quarter guidance above expectations. Article Title
• Positive Sentiment: Management highlighted accelerating demand for identity tools tied to AI agents, suggesting a new growth tailwind for Okta’s security platform. Article Title
• Positive Sentiment: A broad list of brokerages raised price targets after the report, including JPMorgan, Barclays, Morgan Stanley, BTIG, Needham, BMO, Truist, RBC, and others, reinforcing the bullish post-earnings setup. Article Title
• Positive Sentiment: Multiple reports said investors are rethinking the “SaaSpocalypse” narrative, with software stocks rebounding sharply as Okta’s results showed resilient demand and improving execution. Article Title

Okta Company 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.