Mediolanum International Funds Ltd Has $3.73 Million Stock Holdings in Okta, Inc. $OKTA

Mediolanum International Funds Ltd grew its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 50.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,900 shares of the company’s stock after buying an additional 12,705 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Okta were worth $3,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Alkeon Capital Management LLC bought a new position in Okta in the 1st quarter valued at about $199,918,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Okta by 76.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after purchasing an additional 1,189,222 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Okta by 52.1% in the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after purchasing an additional 939,589 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Okta by 5.3% in the second quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock valued at $1,872,263,000 after purchasing an additional 935,364 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Okta by 20.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock valued at $445,432,000 after buying an additional 755,709 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

Okta Stock Performance

Shares of OKTA stock opened at $78.68 on Friday. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 92.56, a P/E/G ratio of 3.86 and a beta of 0.84. Okta, Inc. has a 52 week low of $74.81 and a 52 week high of $127.57. The firm’s 50-day simple moving average is $88.62 and its two-hundred day simple moving average is $96.34.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $130.00 price target on shares of Okta in a research report on Wednesday, August 27th. BMO Capital Markets reduced their target price on shares of Okta from $132.00 to $112.00 and set a “market perform” rating for the company in a research note on Wednesday, August 27th. Mizuho dropped their price target on shares of Okta from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Canaccord Genuity Group upgraded shares of Okta from a “hold” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $120.00 in a report on Tuesday, August 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Okta in a research note on Wednesday, August 27th. Twenty-three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.33.

Insider Transactions at Okta

In other news, insider Eric Robert Kelleher sold 2,410 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the transaction, the insider owned 9,174 shares of the company’s stock, valued at $841,531.02. This represents a 20.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan James Addison sold 6,091 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $92.61, for a total value of $564,087.51. Following the transaction, the executive owned 7,067 shares of the company’s stock, valued at $654,474.87. The trade was a 46.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 64,975 shares of company stock valued at $6,011,126. 5.68% of the stock is currently owned by insiders.

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.