Mutual of America Capital Management LLC Increases Stock Holdings in Okta, Inc. $OKTA

Mutual of America Capital Management LLC increased its holdings in Okta, Inc. (NASDAQ:OKTA) by 1,751.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,874 shares of the company’s stock after purchasing an additional 83,129 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Okta worth $8,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its stake in Okta by 46.5% during the second quarter. Stratos Wealth Partners LTD. now owns 6,223 shares of the company’s stock worth $622,000 after acquiring an additional 1,974 shares during the last quarter. Stableford Capital II LLC acquired a new stake in Okta during the second quarter worth about $565,000. New York State Teachers Retirement System acquired a new stake in Okta during the second quarter worth about $12,137,000. Mutual Advisors LLC acquired a new stake in Okta during the second quarter worth about $235,000. Finally, Generali Asset Management SPA SGR acquired a new stake in Okta during the second quarter worth about $1,402,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Okta Stock Performance

Shares of OKTA opened at $88.32 on Tuesday. The company has a market capitalization of $15.46 billion, a P/E ratio of 103.91, a P/E/G ratio of 4.29 and a beta of 0.84. Okta, Inc. has a one year low of $70.92 and a one year high of $127.57. The stock has a 50-day moving average price of $91.23 and a 200 day moving average price of $99.10.

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

Insider Activity at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total transaction 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. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Jonathan James Addison sold 9,000 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.00, for a total value of $900,000.00. Following the transaction, the executive directly owned 7,067 shares in the company, valued at approximately $706,700. This represents a 56.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,657 shares of company stock worth $6,798,754 over the last quarter. 5.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OKTA shares. Royal Bank Of Canada restated an “outperform” rating and set a $115.00 price target on shares of Okta in a research note on Friday, September 26th. Robert W. Baird decreased their target price on Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Bank of America reaffirmed an “underperform” rating and issued a $75.00 target price on shares of Okta in a research report on Wednesday, August 27th. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $138.00 target price on shares of Okta in a research report on Wednesday, August 27th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Okta has a consensus rating of “Hold” and an average target price of $118.94.

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.