Okta, Inc. $OKTA Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 19.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,488 shares of the company’s stock after selling 12,475 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Okta were worth $5,147,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OKTA. Pinnacle Bancorp Inc. purchased a new position in Okta in the 2nd quarter worth $26,000. Wayfinding Financial LLC purchased a new stake in Okta during the 1st quarter valued at about $27,000. Harbour Investments Inc. increased its holdings in shares of Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Rossby Financial LCC purchased a new position in shares of Okta in the first quarter worth about $31,000. Finally, Kiker Wealth Management LLC lifted its holdings in shares of Okta by 1,159.3% during the second 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 period. 86.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OKTA. Guggenheim reiterated a “buy” rating and issued a $138.00 target price on shares of Okta in a research report on Wednesday, August 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective 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 research note on Thursday, August 28th. BTIG Research reissued a “buy” rating and set a $142.00 target price on shares of Okta in a report on Friday, September 26th. Finally, Arete Research raised shares of Okta to a “strong sell” rating and set a $83.00 price target on the stock in a report on Monday, July 7th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Okta has an average rating of “Hold” and an average target price of $118.94.

Insider Transactions at Okta

In other Okta news, CEO Todd Mckinnon sold 31,968 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the sale, the insider directly owned 9,174 shares of the company’s stock, valued at $841,531.02. This represents a 20.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,657 shares of company stock worth $5,898,754 in the last ninety days. Company insiders own 5.68% of the company’s stock.

Okta Stock Performance

OKTA opened at $90.01 on Tuesday. The company has a fifty day moving average of $91.06 and a two-hundred day moving average of $98.87. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 105.89, a PEG ratio of 4.37 and a beta of 0.84. Okta, Inc. has a fifty-two week low of $70.92 and a fifty-two week high of $127.57.

Okta (NASDAQ:OKTA) last posted its 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 for the quarter, compared to analysts’ expectations of $711.84 million. Okta had a return on equity of 3.31% and a net margin of 6.08%.The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $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, equities research analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current year.

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.