American Century Companies Inc. Cuts Holdings in Okta, Inc. $OKTA

American Century Companies Inc. lowered its stake in Okta, Inc. (NASDAQ:OKTA) by 23.6% during the third quarter, Holdings Channel.com reports. The firm owned 2,927,423 shares of the company’s stock after selling 902,827 shares during the quarter. American Century Companies Inc.’s holdings in Okta were worth $268,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OKTA. Root Financial Partners LLC purchased a new stake in shares of Okta during the third quarter worth approximately $26,000. Promus Capital LLC purchased a new stake in shares of Okta in the 2nd quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Okta in the 3rd quarter valued at $34,000. Westside Investment Management Inc. lifted its position in shares of Okta by 86.9% during the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock worth $38,000 after purchasing an additional 193 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of Okta during the third quarter worth $40,000. 86.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OKTA. Guggenheim reaffirmed a “buy” rating and set a $138.00 price target on shares of Okta in a report on Wednesday, December 3rd. The Goldman Sachs Group decreased their target price on Okta from $137.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. Piper Sandler increased their price target on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Susquehanna reduced their price objective on shares of Okta from $105.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Finally, Berenberg Bank started coverage on shares of Okta in a research report on Tuesday, November 18th. They issued a “buy” rating and a $145.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.57.

Insider Activity

In related news, insider Larissa Schwartz sold 1,836 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the sale, the insider owned 36,328 shares in the company, valued at $3,032,298.16. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd Mckinnon sold 11,286 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total value of $1,026,574.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,245 shares of company stock worth $3,385,624 over the last quarter. Insiders own 5.68% of the company’s stock.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Zacks upgraded Okta to a “Strong Buy,” signaling growing optimism that its upcoming results could surprise positively and support a rally. Okta (OKTA) Upgraded to Strong Buy
• Positive Sentiment: Cantor Fitzgerald kept an Overweight rating even after trimming its price target, indicating some analysts still see meaningful upside if fundamentals stabilize. Cantor Fitzgerald price target note
• Neutral Sentiment: MarketBeat highlights Okta as one of the beaten-down SaaS names that could bounce if its next report reassures investors; the March earnings cadence is framed as the key near-term catalyst (can go either way). After a Brutal Selloff, Are These 3 SaaS Giants About to Bounce?
• Neutral Sentiment: Countdown/preview pieces (Yahoo/Zacks) urge investors to look beyond revenue and EPS for metrics such as customer retention, ARR trends, and margin drivers—items that will likely determine the stock’s direction after the report. Countdown to Okta (OKTA) Q4 Earnings
• Negative Sentiment: BMO trimmed its price target and lowered its rating to “market perform,” reflecting more cautious near-term expectations and adding downward pressure on sentiment. BMO price target cut
• Negative Sentiment: Broad sector fears that AI could compress SaaS pricing/usage (the so‑called “SaaSpocalypse”) continue to drive selling across names including Okta; if Okta’s results or guidance disappoint, the selloff could accelerate. 2 Tech Stocks That Could Go Parabolic

Okta Trading Down 3.7%

Okta stock opened at $72.50 on Friday. The stock has a 50 day moving average of $86.40 and a two-hundred day moving average of $87.88. Okta, Inc. has a twelve month low of $68.77 and a twelve month high of $127.57. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 66.51, a PEG ratio of 2.81 and a beta of 0.77.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $730.23 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. Equities analysts predict that Okta, Inc. will post 0.42 earnings per share for the current year.

Okta announced that its board has approved a share repurchase plan on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are 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.