7,395 Shares in Okta, Inc. $OKTA Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. acquired a new stake in shares of Okta, Inc. (NASDAQ:OKTA) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,395 shares of the company’s stock, valued at approximately $1,546,000.

Several other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Okta by 71.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock valued at $281,209,000 after acquiring an additional 1,485,963 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Okta by 114.3% during the first quarter. Quantinno Capital Management LP now owns 746,009 shares of the company’s stock worth $58,718,000 after purchasing an additional 397,951 shares during the last quarter. Swedbank AB raised its holdings in shares of Okta by 21.9% during the first quarter. Swedbank AB now owns 2,216,588 shares of the company’s stock worth $174,468,000 after purchasing an additional 397,507 shares during the last quarter. Junto Capital Management LP purchased a new position in shares of Okta during the second quarter worth $45,486,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in Okta by 192.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 487,202 shares of the company’s stock valued at $101,879,000 after purchasing an additional 320,849 shares during the period. 86.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKTA has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Okta from $195.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. BTIG Research reiterated a “buy” rating and set a $219.00 price objective on shares of Okta in a research note on Thursday, September 24th. BMO Capital Markets boosted their price objective on Okta from $230.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Robert W. Baird boosted their price objective on Okta from $200.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, September 25th. Finally, Weiss Ratings downgraded Okta from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Okta has a consensus rating of “Moderate Buy” and a consensus target price of $202.38.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analyst upgrade supports sentiment. Zacks Research upgraded Okta from “hold” to “strong buy,” potentially encouraging additional investor interest. Zacks Research analyst rating
• Positive Sentiment: Strong cash generation differentiates Okta. A comparison with monday.com highlighted Okta’s fiscal 2026 revenue growth of 12%, $863 million in free cash flow, and a 28% free-cash-flow margin in its latest quarter. Those figures reinforce the company’s financial flexibility and recurring-revenue profile. Monday.com versus Okta comparison
• Positive Sentiment: AI-agent security is creating a potential growth opportunity. Okta executives said risk leaders increasingly want assurance that companies can control AI agents and distinguish legitimate agents from malicious bots. The trend could increase demand for identity, authentication, and access-management solutions. Okta AI-agent security article
• Neutral Sentiment: Cybersecurity remains a powerful but volatile theme. A surge in AI-discovered vulnerabilities is increasing attention on cybersecurity providers, which may benefit Okta’s category, but the broader group has already experienced substantial gains and sharp trading swings. Cybersecurity stock market article
• Negative Sentiment: Valuation leaves limited room for disappointment. Okta is trading above the reported analyst consensus price target of $202.38, while its elevated valuation makes investors more sensitive to any slowdown in growth or weaker guidance. Okta consensus price target

Okta Trading Down 1.5%

Shares of OKTA opened at $222.66 on Thursday. The firm has a market cap of $38.93 billion, a P/E ratio of 134.13, a PEG ratio of 6.63 and a beta of 0.73. Okta, Inc. has a 12 month low of $62.66 and a 12 month high of $235.00. The stock’s 50 day moving average is $189.69 and its two-hundred day moving average is $123.45.

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

Insider Activity at Okta

In other Okta news, CEO Todd McKinnon sold 48,822 shares of the company’s 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 transaction, the chief executive officer directly owned 44,029 shares in the company, valued at approximately $8,518,730.92. This represents a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the transaction, the chief financial officer directly owned 7,693 shares in the company, valued at approximately $1,249,650.92. The trade was a 84.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 137,766 shares of company stock valued at $23,927,112. 4.61% of the stock is owned by company insiders.

Okta Profile

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.