Okta, Inc. $OKTA Shares Purchased by RPG Investment Advisory LLC

RPG Investment Advisory LLC lifted its stake in Okta, Inc. (NASDAQ:OKTA) by 25.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,812 shares of the company’s stock after purchasing an additional 24,710 shares during the quarter. RPG Investment Advisory LLC’s holdings in Okta were worth $10,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OKTA. Vanguard Group Inc. grew its position in Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after purchasing an additional 1,074,977 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Okta by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after buying an additional 179,919 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Okta by 9.3% in the third quarter. Ameriprise Financial Inc. now owns 2,226,676 shares of the company’s stock worth $204,162,000 after buying an additional 189,036 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Okta by 113.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,067,128 shares of the company’s stock worth $172,895,000 after buying an additional 1,099,962 shares during the period. Finally, Champlain Investment Partners LLC lifted its stake in shares of Okta by 4.7% during the third quarter. Champlain Investment Partners LLC now owns 1,700,387 shares of the company’s stock worth $155,925,000 after buying an additional 75,987 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Okta Price Performance

Shares of Okta stock opened at $80.19 on Friday. The stock has a market cap of $14.18 billion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The firm has a fifty day moving average price of $80.52 and a 200 day moving average price of $85.58. Okta, Inc. has a 1 year low of $68.77 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. The company had revenue of $761.00 million for the quarter, compared to analyst estimates of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, equities analysts expect that Okta, Inc. will post 0.42 EPS for the current year.

Okta declared that its board has authorized a stock repurchase plan on Monday, January 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta’s CEO outlined an AI-agent “kill switch” and tighter access controls, pitching Okta as a required security layer for enterprises adopting AI — a message that supports upside in identity/security demand. Okta Ties AI Agent Kill Switch To Identity Valuation Opportunity
• Positive Sentiment: TV market commentator Jim Cramer publicly said he “would be a buyer of Okta,” which can spur retail interest and support sentiment in the near term. Jim Cramer Says He “Would Be a Buyer of Okta”
• Neutral Sentiment: Analyst/market pieces note OKTA is slightly up since last earnings and discuss forward estimates — useful context but not new fundamental data. These pieces reinforce attention on guidance and execution. Okta (OKTA) Up 0.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Market writeups highlighted a modest intraday gain and that OKTA is trading below its 200‑day average — signals of mixed technical momentum rather than a catalyst. Okta (OKTA) Laps the Stock Market: Here’s Why
• Neutral Sentiment: Weakness in cybersecurity peers (Palo Alto Networks, CrowdStrike) has drawn headlines; this can create sector volatility that affects Okta sentiment even if Okta’s own fundamentals differ. Palo Alto Networks Plunges 12% in 3 Months
• Negative Sentiment: Insider Eric Kelleher sold 2,409 shares at about $80 under a pre‑arranged Rule 10b5‑1 plan; the sale reduces his holding by ~13.5%. It’s disclosed and routine, but some investors view insider selling as a short‑term negative signal. Insider Sale — Eric Robert Kelleher

Insider Transactions at Okta

In related news, insider Eric Robert Kelleher sold 2,409 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $80.00, for a total transaction of $192,720.00. Following the sale, the insider directly owned 15,470 shares of the company’s stock, valued at $1,237,600. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan James Addison sold 23,304 shares of Okta stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total value of $1,812,818.16. Following the transaction, the executive owned 4,364 shares of the company’s stock, valued at approximately $339,475.56. This represents a 84.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 69,365 shares of company stock valued at $5,686,338. 5.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on OKTA. Zacks Research downgraded Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $134.00 price target on shares of Okta in a research report on Friday, March 6th. Wells Fargo & Company assumed coverage on Okta in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $76.00 price target on the stock. Cantor Fitzgerald cut their price objective on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, DA Davidson restated a “buy” rating and issued a $110.00 price objective on shares of Okta in a research note on Thursday, March 5th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and an average price target of $103.25.

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.