Okta, Inc. $OKTA is Barton Investment Management’s 9th Largest Position

Barton Investment Management decreased its stake in Okta, Inc. (NASDAQ:OKTA) by 9.7% in the 1st quarter, Holdings Channel reports. The firm owned 226,576 shares of the company’s stock after selling 24,310 shares during the quarter. Okta accounts for approximately 2.2% of Barton Investment Management’s portfolio, making the stock its 9th biggest position. Barton Investment Management’s holdings in Okta were worth $17,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its holdings in Okta by 825.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Okta during the 4th quarter worth $27,000. Torren Management LLC acquired a new position in shares of Okta during the 4th quarter worth $32,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Okta in the 3rd quarter worth about $34,000. Finally, Spire Wealth Management grew its stake in Okta by 30.8% in the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock valued at $44,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insiders Place Their Bets

In other Okta news, insider Eric Robert Kelleher sold 3,977 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $114.10, for a total value of $453,775.70. Following the completion of the transaction, the insider owned 19,618 shares in the company, valued at $2,238,413.80. This represents a 16.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 65,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $117.25, for a total transaction of $7,621,250.00. Following the completion of the transaction, the chief financial officer directly owned 119,680 shares of the company’s stock, valued at approximately $14,032,480. The trade was a 35.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 114,074 shares of company stock worth $13,128,242. 4.61% of the stock is owned by company insiders.

Okta Trading Up 0.6%

Shares of OKTA stock opened at $119.26 on Friday. The firm has a 50-day moving average price of $96.80 and a 200 day moving average price of $88.04. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $142.35. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 86.42, a PEG ratio of 4.30 and a beta of 0.80.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. Okta had a return on equity of 4.15% and a net margin of 8.24%.The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, research analysts predict that Okta, Inc. will post 1.74 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. KeyCorp raised their target price on shares of Okta from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Scotiabank upped their price target on shares of Okta from $80.00 to $105.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Zacks Research lowered shares of Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $134.00 price target on shares of Okta in a research report on Friday, March 6th. Finally, Susquehanna lifted their price objective on Okta from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.97.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: BTIG Research raised its price target on Okta to $136 from $119 and reiterated a Buy rating, signaling more upside potential for the stock.
• Positive Sentiment: Needham & Company lifted its price target to $140 from $120 and kept a Buy rating, adding to the bullish analyst momentum around Okta.
• Positive Sentiment: Okta continues to benefit from investor enthusiasm around its role in AI security and identity access management, including coverage highlighting its Cross App Access expansion and other AI-related product positioning. Okta expands Cross App Access ecosystem to secure AI agent connections
• Positive Sentiment: Recent earnings also remain supportive, with Okta beating revenue and EPS estimates and issuing guidance that suggests continued growth.
• Neutral Sentiment: Okta’s short-interest update showed no meaningful short position change, so it does not appear to be a major driver for the stock today.
• Neutral Sentiment: Recent commentary on whether Okta still offers value after its rally reflects mixed investor debate, but it does not change the fundamental story by itself. Okta (OKTA) Stock After 42% YTD Rally Is There Value Left For Investors
• Negative Sentiment: Insiders Larissa Schwartz and Eric Robert Kelleher sold shares in pre-arranged Rule 10b5-1 transactions, which is routine but can still temper sentiment for some investors.

Okta Profile

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.