Okta, Inc. $OKTA Shares Acquired by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC lifted its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,988 shares of the company’s stock after acquiring an additional 1,216 shares during the quarter. Jacobson & Schmitt Advisors LLC’s holdings in Okta were worth $7,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Okta by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock worth $1,872,167,000 after purchasing an additional 582,956 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Okta by 325.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock valued at $389,308,000 after buying an additional 2,830,582 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Okta by 76.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after buying an additional 1,189,222 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Okta by 52.1% during the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after buying an additional 939,589 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Okta by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 2,014,665 shares of the company’s stock valued at $211,982,000 after acquiring an additional 100,411 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Eric Robert Kelleher sold 2,410 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total value of $221,069.30. Following the completion of the sale, the insider owned 9,174 shares in the company, valued at $841,531.02. This trade represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd Mckinnon sold 31,968 shares of Okta stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. The SEC filing for this sale provides additional information. Insiders sold 63,657 shares of company stock worth $5,898,754 over the last quarter. 5.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OKTA has been the subject of several analyst reports. Jefferies Financial Group boosted 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. Robert W. Baird lowered their target price on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. BTIG Research restated a “buy” rating and issued a $142.00 price target on shares of Okta in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Finally, Scotiabank dropped their price objective on Okta from $115.00 to $105.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 27th. Twenty-two 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 data from MarketBeat, Okta currently has an average rating of “Hold” and a consensus target price of $118.94.

Okta Stock Performance

OKTA opened at $86.97 on Wednesday. Okta, Inc. has a one year low of $71.84 and a one year high of $127.57. The stock has a market capitalization of $15.23 billion, a P/E ratio of 102.32, a price-to-earnings-growth ratio of 4.47 and a beta of 0.84. The business’s 50-day simple moving average is $90.81 and its 200-day simple moving average is $98.39.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The firm had revenue of $728,000 billion for 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%.The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last 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, equities research analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

About Okta

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.