Freedom Investment Management Inc. Has $210,000 Stock Holdings in Okta, Inc. $OKTA

Freedom Investment Management Inc. cut its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,098 shares of the company’s stock after selling 394 shares during the period. Freedom Investment Management Inc.’s holdings in Okta were worth $210,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in Okta during the 2nd quarter worth approximately $26,000. Wayfinding Financial LLC bought a new position in Okta during the 1st quarter worth approximately $27,000. Harbour Investments Inc. raised its holdings in Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Rossby Financial LCC bought a new position in Okta during the 1st quarter worth approximately $31,000. Finally, Kiker Wealth Management LLC raised its holdings in Okta by 1,159.3% during the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Okta Stock Up 1.1%

NASDAQ:OKTA opened at $90.01 on Tuesday. The company has a fifty day moving average of $91.06 and a 200-day moving average of $98.87. The firm has a market capitalization of $15.76 billion, a P/E ratio of 105.89, a P/E/G ratio of 4.37 and a beta of 0.84. Okta, Inc. has a twelve month low of $70.92 and a twelve month high of $127.57.

Okta (NASDAQ:OKTA) last announced 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 business had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. Okta’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. On average, analysts anticipate that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on OKTA. Jefferies Financial Group raised their price target on shares of Okta from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Wednesday, August 27th. Scotiabank lowered their price target on shares of Okta from $115.00 to $105.00 and set a “sector perform” rating for the company in a report on Wednesday, August 27th. DA Davidson restated a “buy” rating and set a $140.00 price target on shares of Okta in a report on Friday, September 26th. Zacks Research lowered shares of Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Okta has an average rating of “Hold” and a consensus price target of $118.94.

Insider Buying and Selling at Okta

In other Okta news, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total transaction of $2,951,605.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total transaction of $221,069.30. Following the sale, the insider owned 9,174 shares of the company’s stock, valued at $841,531.02. This trade represents a 20.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,657 shares of company stock worth $5,898,754 in the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

Okta 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.