Okta, Inc. $OKTA Shares Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its position in Okta, Inc. (NASDAQ:OKTA) by 35.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,806 shares of the company’s stock after buying an additional 9,340 shares during the period. SBI Securities Co. Ltd.’s holdings in Okta were worth $3,580,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Okta in the 2nd quarter valued at about $26,000. Harbour Investments Inc. grew its holdings in Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Kiker Wealth Management LLC lifted its position in shares of Okta by 1,159.3% during the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 313 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Okta by 88.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock valued at $34,000 after acquiring an additional 159 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in Okta by 126.0% in the 2nd quarter. V Square Quantitative Management LLC now owns 504 shares of the company’s stock valued at $50,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OKTA. Jefferies Financial Group upped their price objective on shares of Okta from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Okta in a research note on Wednesday, August 27th. Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Okta in a research note on Wednesday, August 27th. Finally, Zacks Research lowered Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Twenty-two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.91.

Okta Trading Down 0.2%

Shares of OKTA stock opened at $85.58 on Wednesday. Okta, Inc. has a twelve month low of $71.84 and a twelve month high of $127.57. The company’s 50-day moving average price is $90.19 and its 200-day moving average price is $97.97. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 100.68, a PEG ratio of 4.21 and a beta of 0.84.

Okta (NASDAQ:OKTA) last released its quarterly earnings data 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 firm had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. Okta’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, equities research analysts predict that Okta, Inc. will post 0.42 EPS for the current year.

Insider Activity

In related news, CRO Jonathan James Addison sold 6,091 shares of the company’s stock in a transaction that occurred 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 directly 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 is accessible through this link. Also, CFO Brett Tighe sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the transaction, the chief financial officer owned 133,336 shares of the company’s stock, valued at $12,666,920. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 63,657 shares of company stock worth $5,898,754. 5.68% of the stock is owned by company 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.