Aureus Asset Management LLC Buys New Stake in Okta, Inc. $OKTA

Aureus Asset Management LLC acquired a new stake in Okta, Inc. (NASDAQ:OKTA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,360 shares of the company’s stock, valued at approximately $973,000.

Several other institutional investors have also recently modified their holdings of the company. Spire Wealth Management boosted its stake in shares of Okta by 30.8% in the fourth quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after buying an additional 119 shares during the last quarter. Allworth Financial LP grew its stake in shares of Okta by 6.4% during the 3rd quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock worth $206,000 after purchasing an additional 135 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of Okta by 2.8% during the 1st quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company’s stock valued at $407,000 after purchasing an additional 140 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of Okta by 0.6% during the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after purchasing an additional 163 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of Okta by 1.7% in the 4th quarter. Kestra Advisory Services LLC now owns 9,685 shares of the company’s stock valued at $837,000 after purchasing an additional 166 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta is being highlighted by multiple outlets as a strong momentum stock, suggesting investor interest remains high despite the pullback. Article Title
• Positive Sentiment: Analysts continue to point to Okta as a beneficiary of rising enterprise AI adoption, which is supporting demand for cybersecurity, identity protection, and zero-trust tools. Article Title
• Positive Sentiment: Recent commentary around the AI era of cybersecurity, including the OpenAI hack discussion, reinforces the broader theme that spending on security may rise alongside AI investment. Article Title
• Neutral Sentiment: Okta remains one of the more widely watched stocks on Zacks, and that attention may help keep trading volume and volatility elevated. Article Title
• Negative Sentiment: The recent drop appears tied to no fresh negative company announcement, making the move more consistent with a post-rally cooling-off period and broader software-sector caution. Article Title
• Negative Sentiment: Some market participants are also worried that enterprise tech budgets could shift toward AI infrastructure, which may weigh on software spending expectations across the sector. Article Title

Insider Transactions at Okta

In other Okta news, CEO Todd Mckinnon sold 68,936 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the completion of the sale, the chief executive officer directly owned 38,484 shares in the company, valued at approximately $5,642,524.08. The trade was a 64.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shellye L. Archambeau sold 2,500 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. Following the transaction, the director directly owned 9,192 shares of the company’s stock, valued at $781,320. The trade was a 21.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 174,224 shares of company stock worth $22,534,353 in the last three months. 4.61% of the stock is owned by corporate insiders.

Okta Stock Performance

NASDAQ:OKTA opened at $136.69 on Thursday. The company has a fifty day moving average of $121.98 and a two-hundred day moving average of $95.28. The stock has a market capitalization of $23.76 billion, a PE ratio of 99.05, a P/E/G ratio of 5.10 and a beta of 0.77. Okta, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $157.00.

Okta (NASDAQ:OKTA) last announced its earnings results on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. The business had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Research analysts forecast that Okta, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Raymond James Financial downgraded shares of Okta from a “buy” rating to a “strong sell” rating in a report on Monday, July 6th. Susquehanna lifted their price objective on shares of Okta from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Piper Sandler upped their price objective on shares of Okta from $82.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Morgan Stanley started coverage on shares of Okta in a research note on Monday, July 6th. They set a “neutral” rating on the stock. Finally, Wall Street Zen cut Okta from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Okta has an average rating of “Moderate Buy” and an average target price of $121.81.

Okta Company 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.