Okta, Inc. $OKTA Shares Acquired by Savant Capital LLC

Savant Capital LLC increased its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 32.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 33,756 shares of the company’s stock after purchasing an additional 8,228 shares during the quarter. Savant Capital LLC’s holdings in Okta were worth $3,375,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. TD Private Client Wealth LLC grew its holdings in shares of Okta by 19.6% during the first quarter. TD Private Client Wealth LLC now owns 561 shares of the company’s stock worth $59,000 after purchasing an additional 92 shares during the last quarter. Allworth Financial LP boosted its position in shares of Okta by 5.7% in the 1st quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock valued at $173,000 after purchasing an additional 92 shares during the period. Smartleaf Asset Management LLC grew its stake in Okta by 12.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock worth $89,000 after buying an additional 92 shares during the last quarter. Norden Group LLC grew its stake in Okta by 3.7% during the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock worth $326,000 after buying an additional 116 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Okta by 12.6% during the first quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company’s stock worth $113,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Stock Down 0.8%

Shares of NASDAQ:OKTA opened at $85.21 on Monday. Okta, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $127.57. The firm’s 50-day simple moving average is $90.41 and its 200-day simple moving average is $98.20. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 100.25, a PEG ratio of 4.18 and a beta of 0.84.

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

Insiders Place Their Bets

In other Okta news, 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 completion of the transaction, the executive owned 7,067 shares in the company, valued at approximately $654,474.87. This represents a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the sale, the chief financial officer directly owned 133,336 shares of the company’s stock, valued at approximately $12,666,920. This trade represents a 6.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 63,657 shares of company stock worth $5,898,754. Corporate insiders own 5.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OKTA. Royal Bank Of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Okta in a report on Friday, September 26th. Truist Financial upgraded shares of Okta from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $125.00 in a research note on Monday, August 25th. JMP Securities reissued a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. BTIG Research restated a “buy” rating and issued a $142.00 price objective on shares of Okta in a research note on Friday, September 26th. Finally, Guggenheim reiterated a “buy” rating and set a $138.00 target price on shares of Okta in a research note 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.94.

About Okta

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.