7,071 Shares in Okta, Inc. $OKTA Purchased by Virtue Capital Management LLC

Virtue Capital Management LLC bought a new position in shares of Okta, Inc. (NASDAQ:OKTA) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,071 shares of the company’s stock, valued at approximately $1,479,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generali Investments Management Co LLC raised its holdings in Okta by 621.2% in the 3rd quarter. Generali Investments Management Co LLC now owns 21,671 shares of the company’s stock valued at $4,532,000 after acquiring an additional 18,666 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Okta during the 1st quarter worth $2,077,000. Western Financial Corp CA acquired a new stake in shares of Okta during the 3rd quarter worth $1,673,000. Swiss National Bank increased its position in shares of Okta by 7.7% in the first quarter. Swiss National Bank now owns 497,300 shares of the company’s stock worth $39,142,000 after purchasing an additional 35,700 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in Okta in the second quarter valued at about $1,025,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Okta Price Performance

OKTA opened at $208.24 on Monday. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $235.00. The company has a fifty day moving average of $192.78 and a 200-day moving average of $124.67. The stock has a market cap of $36.40 billion, a PE ratio of 125.45, a price-to-earnings-growth ratio of 6.48 and a beta of 0.73.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The business had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Sell-side analysts anticipate that Okta, Inc. will post 1.92 EPS for the current fiscal year.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta was viewed favorably versus SentinelOne because of stronger profitability, robust cash flow and expanding capabilities for securing AI agents. However, the comparison also noted that Okta’s revenue growth is slower. OKTA vs. S: Which Enterprise Cybersecurity Stock Has an Edge Now?
• Positive Sentiment: Okta is expanding its Agent Identity Platform and has reported multimillion-dollar customer wins and new tools aimed at securing AI agents. The opportunity could support future growth, although adoption has not yet translated into a significant revenue contribution. Can Okta’s Agent Identity Platform Capture the AI Security Opportunity?
• Positive Sentiment: CNBC coverage highlighted Okta as one of Josh Brown’s preferred stocks, while noting that he was trading around a pullback. The endorsement may reinforce the bullish investment case but is not a change to Okta’s fundamentals. There’s a cybersecurity stock on Josh Brown’s list that’s pulling back
• Neutral Sentiment: Analyst coverage emphasized that OKTA has risen about 157.5% year to date on demand for identity security and AI, but investors must balance that momentum against slower growth, competition and a premium valuation. Okta Surges 158% YTD: Should Investors Hold the Stock Now?
• Negative Sentiment: Reports alleged that records belonging to more than 40,000 DHS employees were leaked and published online via DDoSecrets. Okta said its core systems were not compromised, which may limit direct operational concerns, but the incident still creates reputational and cybersecurity risk. Over 40,000 U.S. DHS employee records allegedly leaked via Okta

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OKTA shares. Royal Bank Of Canada lifted their price target on Okta from $195.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Guggenheim upped their price objective on Okta from $188.00 to $227.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Raymond James Financial raised their price objective on Okta from $115.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Stifel Nicolaus lifted their target price on Okta from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, KeyCorp set a $240.00 target price on Okta and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.38.

Insider Activity at Okta

In other Okta news, insider Eric Kelleher sold 6,395 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the completion of the sale, the insider directly owned 18,668 shares in the company, valued at approximately $3,427,071.44. This trade represents a 25.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of Okta stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the completion of the sale, the chief executive officer directly owned 44,029 shares of the company’s stock, valued at approximately $8,518,730.92. This trade represents a 52.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,766 shares of company stock worth $23,927,112 in the last 90 days. Corporate insiders own 4.61% of the company’s stock.

About Okta

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.