Rare Wolf Capital LLC bought a new position in Okta, Inc. (NASDAQ:OKTA – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,514 shares of the company’s stock, valued at approximately $390,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Elevation Wealth Partners LLC raised its stake in Okta by 825.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the period. Torren Management LLC acquired a new stake in shares of Okta during the 4th quarter worth $32,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Okta during the 3rd quarter worth $34,000. Spire Wealth Management raised its position in shares of Okta by 30.8% in the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after buying an additional 119 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in Okta in the fourth quarter valued at $52,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Okta
In other news, CRO Jonathan James Addison sold 23,304 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total value of $1,812,818.16. Following the completion of the transaction, the executive directly owned 4,364 shares in the company, valued at approximately $339,475.56. This represents a 84.23% 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 link. Also, CFO Brett Tighe sold 65,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $117.25, for a total transaction of $7,621,250.00. Following the sale, the chief financial officer directly owned 119,680 shares of the company’s stock, valued at approximately $14,032,480. The trade was a 35.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 142,201 shares of company stock valued at $15,104,140. 4.61% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on OKTA
Okta Stock Performance
Shares of NASDAQ:OKTA opened at $117.81 on Friday. The company has a market cap of $20.48 billion, a P/E ratio of 85.37, a PEG ratio of 4.09 and a beta of 0.80. Okta, Inc. has a one year low of $62.66 and a one year high of $142.35. The business’s 50-day simple moving average is $91.73 and its 200 day simple moving average is $86.85.
Okta (NASDAQ:OKTA – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. Okta had a return on equity of 4.15% and a net margin of 8.24%.The firm had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. During the same period in the previous year, the company posted $0.86 EPS. Okta’s revenue for the quarter was up 11.2% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Analysts predict that Okta, Inc. will post 1.74 earnings per share for the current year.
About Okta
Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.
At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.
Featured Articles
- Five stocks we like better than Okta
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding OKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Okta, Inc. (NASDAQ:OKTA – Free Report).
Receive News & Ratings for Okta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Okta and related companies with MarketBeat.com's FREE daily email newsletter.
