Nisa Investment Advisors LLC Trims Stock Holdings in Okta, Inc. $OKTA

Nisa Investment Advisors LLC lowered its position in shares of Okta, Inc. (NASDAQ:OKTA) by 42.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,752 shares of the company’s stock after selling 13,175 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Okta were worth $1,628,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Okta by 5.3% during the second quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock worth $1,872,263,000 after purchasing an additional 935,364 shares during the last quarter. First Trust Advisors LP lifted its holdings in Okta by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock worth $489,966,000 after buying an additional 407,087 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Okta by 20.4% in 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 acquiring an additional 755,709 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Okta by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock valued at $314,488,000 after acquiring an additional 314,525 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Okta by 52.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock valued at $274,370,000 after buying an additional 939,589 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Okta

In other Okta news, CEO Todd Mckinnon sold 11,286 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total transaction of $1,026,574.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Larissa Schwartz sold 1,899 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total value of $172,315.26. Following the transaction, the insider owned 38,164 shares of the company’s stock, valued at approximately $3,463,001.36. This trade represents a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 26,727 shares of company stock worth $2,394,046. 5.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OKTA has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Okta from a “hold” rating to a “buy” rating and upped their price objective for the stock from $90.00 to $125.00 in a research note on Tuesday, December 16th. Mizuho cut their price objective on shares of Okta from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Susquehanna lowered their price objective on shares of Okta from $105.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. BMO Capital Markets dropped their target price on shares of Okta from $112.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Okta from $110.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, December 3rd. Twenty-four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.09.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Cantor Fitzgerald reiterates Okta as a contrarian value opportunity with ~30% upside, reinforcing buy‑side conviction and providing an analyst catalyst for the stock. Cantor Fitzgerald Calls Okta a Contrarian Value Opportunity With 30% Upside
• Positive Sentiment: Citi added Okta to a 90‑day catalyst watch, signaling potential near‑term events or re‑ratings that could lift the stock. Okta in spotlight as Citi adds 90-day catalyst watch
• Positive Sentiment: KeyBanc commentary praised Okta among security/software peers, which can support sentiment and analyst comparisons in the space. CrowdStrike downgraded at KeyBanc; firm praises Snowflake, Okta others
• Positive Sentiment: Okta began a beta test for digital identity verification tied to U.S. mobile driver’s licenses (mDLs) — a product expansion that could open new identity verification revenue streams. Okta begins beta test of digital identity verification for US mDLs
• Positive Sentiment: Industry pieces highlight AI driving an identity‑centric security imperative — a tailwind for Okta’s identity and access management offerings. Identity at the Centre: Why AI Is Accelerating a New Security Imperative
• Neutral Sentiment: Benzinga article on a ChatGPT price prediction for OKTA is speculative noise and unlikely to move fundamentals; treat as sentiment filler unless widely cited by retail traders. ChatGPT Thinks Okta Stock Will Close At This Price In The Next 60 Days
• Neutral Sentiment: MarketBeat roundup on software buybacks mentions several beaten‑down names boosting buybacks; if Okta were included, buybacks would be a positive signal, but details are unclear here. Down 20%+, These 3 Software Stocks Are Boosting Buybacks
• Neutral Sentiment: Short‑interest data reported shows an anomalous/zero figure and a days‑to‑cover of 0.0 — appears to be a data glitch, so treat as non‑informative for positioning today.
• Negative Sentiment: An insider sale of about $172k was reported; small in size relative to Okta’s market cap, but such disclosures can create short‑term headline pressure. Insider Selling: Okta (NASDAQ:OKTA) Insider Sells $172,315.26 in Stock

Okta Trading Up 0.5%

OKTA stock opened at $94.07 on Wednesday. The firm has a market cap of $16.67 billion, a PE ratio of 86.30, a PEG ratio of 4.37 and a beta of 0.76. Okta, Inc. has a 1 year low of $75.05 and a 1 year high of $127.57. The company has a fifty day simple moving average of $86.40 and a 200 day simple moving average of $90.40.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta announced that its board has authorized a stock repurchase plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About Okta

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.