Okta, Inc. $OKTA Shares Sold by Strs Ohio

Strs Ohio lowered its position in Okta, Inc. (NASDAQ:OKTA) by 96.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,003 shares of the company’s stock after selling 117,006 shares during the quarter. Strs Ohio’s holdings in Okta were worth $315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd raised its stake in Okta by 4.6% during the first quarter. IFM Investors Pty Ltd now owns 32,178 shares of the company’s stock worth $2,533,000 after purchasing an additional 1,412 shares during the period. SJS Investment Consulting Inc. increased its holdings in shares of Okta by 1,265.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 751 shares of the company’s stock worth $59,000 after buying an additional 696 shares during the last quarter. My Personal CFO LLC raised its position in shares of Okta by 19.2% during the 1st quarter. My Personal CFO LLC now owns 111,804 shares of the company’s stock valued at $8,800,000 after buying an additional 17,999 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Okta by 28.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock valued at $195,844,000 after buying an additional 550,328 shares during the period. Finally, River Street Advisors LLC acquired a new position in Okta in the first quarter valued at approximately $437,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: KeyBanc raised its price target on Okta to $175 from $130 and kept an overweight rating, reinforcing the bullish analyst case for the stock. Benzinga report on KeyBanc price target increase
• Positive Sentiment: Another report said Okta could benefit from rising AI-driven cyber threats, which may support demand for its identity and security platform. Zacks cybersecurity stocks article
• Positive Sentiment: Brokerage and media coverage also pointed to strong institutional interest and AI-related security demand as supportive themes for Okta shares. FXEmpire article on AI agent security and Okta
• Neutral Sentiment: Recent hedge-fund and institutional filings show mixed positioning, with several large investors adding to Okta while others reduced exposure, suggesting uneven but still meaningful institutional interest.
• Negative Sentiment: CEO Todd McKinnon sold 68,936 shares worth about $10.1 million, trimming his stake significantly, which can weigh on sentiment even though the trade was pre-planned. SEC Form 4 filing

Okta Price Performance

Shares of OKTA stock traded down $10.21 on Friday, hitting $138.63. The stock had a trading volume of 3,366,806 shares, compared to its average volume of 3,095,824. The firm has a market capitalization of $24.10 billion, a P/E ratio of 100.46, a P/E/G ratio of 4.99 and a beta of 0.77. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $153.20. The company’s 50 day moving average price is $111.25 and its 200-day moving average price is $92.00.

Okta (NASDAQ:OKTA) last announced 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 company had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $751.84 million. Okta had a return on equity of 4.15% and a net margin of 8.24%.Okta’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts forecast that Okta, Inc. will post 1.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OKTA shares. Weiss Ratings raised Okta from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. BTIG Research increased their price target on Okta from $119.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Wall Street Zen downgraded Okta from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group assumed coverage on shares of Okta in a report on Monday, July 6th. They issued a “buy” rating on the stock. Finally, Barclays upped their target price on shares of Okta from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.97.

Insider Transactions at Okta

In other Okta news, insider Eric Robert Kelleher sold 3,977 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $114.10, for a total value of $453,775.70. Following the completion of the transaction, the insider owned 19,618 shares in the company, valued at $2,238,413.80. The trade was a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 65,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $117.25, for a total value of $7,621,250.00. Following the completion of the sale, the chief financial officer owned 119,680 shares in the company, valued at approximately $14,032,480. The trade was a 35.20% 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. In the last ninety days, insiders have sold 174,224 shares of company stock valued at $22,534,353. 4.61% of the stock is owned by corporate insiders.

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.