8,092 Shares in Okta, Inc. $OKTA Purchased by Flow Traders U.S. LLC

Flow Traders U.S. LLC bought a new position in Okta, Inc. (NASDAQ:OKTA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,092 shares of the company’s stock, valued at approximately $809,000.

Several other institutional investors also recently made changes to their positions in OKTA. Norges Bank acquired a new stake in shares of Okta during the 2nd quarter worth approximately $211,923,000. Alkeon Capital Management LLC bought a new position in Okta during the 1st quarter worth $199,918,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 buying an additional 1,189,222 shares during the period. Ninety One UK Ltd lifted its stake in Okta by 52.1% in the second 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 last quarter. Finally, Vanguard Group Inc. lifted its stake in 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 buying an additional 935,364 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

Okta Price Performance

Shares of NASDAQ:OKTA opened at $87.79 on Wednesday. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 80.54, a PEG ratio of 4.12 and a beta of 0.77. Okta, Inc. has a 12 month low of $75.05 and a 12 month high of $127.57. The stock’s 50 day moving average price is $86.57 and its 200 day moving average price is $92.75.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $742.00 million for the quarter, compared to analysts’ expectations of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. On average, sell-side analysts expect that Okta, Inc. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on OKTA shares. Barclays lowered their price target on shares of Okta from $112.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 18th. Citigroup reduced their target price on shares of Okta from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $120.00 target price on shares of Okta in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. cut their price target on Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Finally, KeyCorp reiterated an “overweight” rating and set a $140.00 price objective on shares of Okta in a research report on Monday, December 1st. Twenty-three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

Insider Transactions at Okta

In other news, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $92.33, for a total transaction of $2,951,605.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 66,293 shares of company stock valued at $6,124,092 in the last quarter. 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.