Mitsubishi UFJ Asset Management Co. Ltd. Has $13.59 Million Stock Holdings in Okta, Inc. $OKTA

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Okta, Inc. (NASDAQ:OKTA) by 11.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 162,515 shares of the company’s stock after purchasing an additional 16,212 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Okta were worth $13,593,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OKTA. Vanguard Group Inc. grew its stake in shares of Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after buying an additional 1,074,977 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Okta by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock valued at $40,241,000 after acquiring an additional 161,069 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Okta by 40.1% in the third quarter. Elo Mutual Pension Insurance Co now owns 52,597 shares of the company’s stock valued at $4,823,000 after acquiring an additional 15,058 shares during the last quarter. Congress Asset Management Co. grew its position in Okta by 23.0% in the fourth quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock worth $8,480,000 after acquiring an additional 18,325 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Okta by 4.0% in 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 in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Okta

In related news, CRO Jonathan James Addison sold 23,304 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the completion of the sale, the executive owned 4,364 shares in the company, valued at $339,475.56. This represents a 84.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Robert Kelleher sold 16,818 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $80.00, for a total value of $1,345,440.00. Following the completion of the sale, the insider directly owned 15,470 shares in the company, valued at $1,237,600. This trade represents a 52.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,384 shares of company stock worth $5,413,148 in the last ninety days. 4.61% of the stock is owned by insiders.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Recent coverage says Okta’s AI security initiatives, including securing AI agents and non-human identities, are drawing fresh investor interest and could strengthen its competitive position. Okta (OKTA) Valuation Check As AI Agent Security Push Draws Fresh Investor Attention
• Positive Sentiment: Another article highlighted Okta’s effort to make its identity platform a key layer for enterprise AI-agent security, reinforcing the bullish AI narrative. Is Okta (OKTA) Quietly Turning AI Agent Security Into Its Core Competitive Edge?
• Positive Sentiment: Media coverage noted Okta is targeting roughly 9% FY2027 growth as AI security gains traction, which may reassure investors about the company’s longer-term revenue path. Okta targets 9% FY 2027 growth as AI security gains traction
• Neutral Sentiment: Insider Larissa Schwartz sold shares in two pre-arranged Rule 10b5-1 transactions, but the sales were disclosed as part of a planned trading program and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: One article discussed Okta’s Salesforce integration and broader enterprise identity strategy, which may be viewed as strategic but does not appear to be a major near-term catalyst. Okta-Salesforce integration highlights shift in enterprise identity strategy
• Negative Sentiment: The insider stock sales may create some overhang for traders, even though they were pre-planned and relatively small compared with the insider’s remaining holdings.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OKTA. Sanford C. Bernstein restated an “outperform” rating and set a $134.00 price target on shares of Okta in a report on Friday, March 6th. Oppenheimer decreased their price objective on shares of Okta from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Scotiabank cut their target price on Okta from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, March 5th. Mizuho reduced their price target on Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, TD Cowen decreased their price target on Okta from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, February 24th. Twenty-eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $100.89.

Okta Stock Performance

NASDAQ:OKTA opened at $83.90 on Monday. The firm has a market capitalization of $14.84 billion, a PE ratio of 64.05, a PEG ratio of 3.27 and a beta of 0.59. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $127.57. The firm’s fifty day simple moving average is $76.07 and its 200 day simple moving average is $82.86.

Okta (NASDAQ:OKTA) last released its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. During the same quarter in the previous year, the business earned $0.78 EPS. The business’s revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, analysts anticipate that Okta, Inc. will post 1.61 EPS for the current fiscal year.

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.