ASR Vermogensbeheer N.V. Acquires 235 Shares of Okta, Inc. $OKTA

ASR Vermogensbeheer N.V. increased its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 1.4% in the second quarter, Holdings Channel.com reports. The firm owned 16,628 shares of the company’s stock after purchasing an additional 235 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Okta were worth $1,662,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OKTA. Wolff Wiese Magana LLC grew its stake in shares of Okta by 167.4% during the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of Okta during the 2nd quarter worth approximately $26,000. Wayfinding Financial LLC bought a new position in shares of Okta during the 1st quarter worth approximately $27,000. Harbour Investments Inc. grew its stake in shares of Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Okta during the 1st quarter worth approximately $31,000. 86.64% of the stock is owned by institutional investors.

Okta Price Performance

OKTA stock opened at $93.30 on Friday. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 109.76, a PEG ratio of 4.58 and a beta of 0.84. The business’s fifty day moving average price is $92.49 and its two-hundred day moving average price is $100.56. Okta, Inc. has a fifty-two week low of $70.92 and a fifty-two week high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The company had revenue of $728,000 billion for the quarter, compared to analysts’ expectations of $711.84 million. During the same quarter last year, the business earned $0.72 earnings per share. Okta’s revenue was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Research analysts expect that Okta, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, CRO Jonathan James Addison sold 9,000 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $100.00, for a total value of $900,000.00. Following the transaction, the executive owned 7,067 shares in the company, valued at approximately $706,700. This trade represents a 56.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Larissa Schwartz sold 3,348 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $90.17, for a total value of $301,889.16. Following the completion of the transaction, the insider owned 39,155 shares in the company, valued at $3,530,606.35. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,003 shares of company stock valued at $12,819,238 in the last ninety days. Insiders own 5.68% of the company’s stock.

Wall Street Analyst Weigh In

OKTA has been the subject of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $130.00 price target on shares of Okta in a research note on Wednesday, August 27th. Canaccord Genuity Group raised Okta from a “hold” rating to a “buy” rating and increased their price objective for the company from $115.00 to $120.00 in a report on Tuesday, August 26th. Robert W. Baird cut their price objective on Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Arete Research raised Okta to a “strong sell” rating and set a $83.00 price objective for the company in a report on Monday, July 7th. Finally, Scotiabank cut their price objective on Okta from $115.00 to $105.00 and set a “sector perform” rating for the company in a report on Wednesday, August 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.94.

Okta Company Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.