TD Asset Management Inc Has $9.94 Million Stock Holdings in Okta, Inc. $OKTA

TD Asset Management Inc lifted its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 515.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 99,415 shares of the company’s stock after buying an additional 83,265 shares during the period. TD Asset Management Inc’s holdings in Okta were worth $9,939,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. TD Private Client Wealth LLC boosted its stake in shares of Okta by 19.6% during the 1st quarter. TD Private Client Wealth LLC now owns 561 shares of the company’s stock worth $59,000 after buying an additional 92 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Okta by 5.7% in the 1st quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock valued at $173,000 after purchasing an additional 92 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Okta by 12.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after purchasing an additional 92 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Okta by 18.9% in the 1st quarter. First Horizon Advisors Inc. now owns 678 shares of the company’s stock valued at $71,000 after purchasing an additional 108 shares during the period. Finally, Norden Group LLC raised its holdings in shares of Okta by 3.7% in the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock valued at $326,000 after purchasing an additional 116 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Okta from $100.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. DA Davidson reaffirmed a “buy” rating and issued a $140.00 target price on shares of Okta in a report on Friday, September 26th. Barclays upped their target price on shares of Okta from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Arete assumed coverage on shares of Okta in a report on Monday, July 7th. They issued a “sell” rating and a $83.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.94.

Okta Stock Down 0.3%

Okta stock opened at $87.43 on Friday. The stock has a market cap of $15.31 billion, a P/E ratio of 102.86, a P/E/G ratio of 4.29 and a beta of 0.84. Okta, Inc. has a twelve month low of $70.92 and a twelve month high of $127.57. The company’s 50-day moving average price is $91.23 and its two-hundred day moving average price is $99.13.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company had revenue of $728,000 billion for the quarter, compared to analysts’ expectations of $711.84 million. During the same period last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Equities analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at Okta

In other news, insider Larissa Schwartz sold 3,348 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total transaction of $301,889.16. Following the transaction, the insider directly owned 39,155 shares of the company’s stock, valued at approximately $3,530,606.35. This trade represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd Mckinnon sold 31,968 shares of the firm’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. The disclosure for this sale can be found here. In the last three months, insiders sold 104,249 shares of company stock valued at $9,809,471. 5.68% of the stock is currently 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.