Granahan Investment Management LLC Has $3.21 Million Stock Holdings in Okta, Inc. $OKTA

Posted by George Bondi on Jul 26th, 2026

Granahan Investment Management LLC trimmed its holdings in shares of Okta, Inc. (NASDAQ:OKTA – Free Report) by 16.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,843 shares of the company’s stock after selling 8,309 shares during the period. Granahan Investment Management LLC’s holdings in Okta were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OKTA. Robeco Institutional Asset Management B.V. lifted its position in shares of Okta by 52.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock worth $40,241,000 after purchasing an additional 161,069 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Okta in the 4th quarter worth approximately $3,122,000. Swedbank AB boosted its stake in shares of Okta by 124.3% during the 4th quarter. Swedbank AB now owns 1,819,081 shares of the company’s stock valued at $157,296,000 after buying an additional 1,007,915 shares during the period. Diversify Wealth Management LLC purchased a new position in shares of Okta during the 1st quarter valued at $2,077,000. Finally, Torque Asset Management LLC increased its stake in shares of Okta by 40.5% in the fourth quarter. Torque Asset Management LLC now owns 289,141 shares of the company’s stock worth $25,002,000 after acquiring an additional 83,337 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKTA has been the topic of several research reports. Wall Street Zen lowered Okta from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. HSBC downgraded Okta from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Scotiabank raised shares of Okta from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $135.00 to $165.00 in a research report on Monday, July 6th. Seaport Research Partners cut shares of Okta to a “neutral” rating in a research note on Thursday, April 16th. Finally, Evercore initiated coverage on shares of Okta in a research report on Monday, July 6th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.81.

Get Our Latest Stock Analysis on OKTA

Okta Stock Performance

Shares of NASDAQ OKTA opened at $138.50 on Friday. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 100.36, a P/E/G ratio of 4.98 and a beta of 0.77. The business’s 50-day simple moving average is $124.19 and its 200-day simple moving average is $95.95. Okta, Inc. has a 52 week low of $62.66 and a 52 week high of $157.00.

Okta (NASDAQ:OKTA – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm had revenue of $765.00 million during the quarter, compared to analyst estimates of $751.84 million. Okta had a return on equity of 4.15% and a net margin of 8.24%.The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, equities research analysts forecast that Okta, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Eric Robert Kelleher sold 3,977 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $114.10, for a total value of $453,775.70. Following the completion of the sale, the insider directly owned 19,618 shares in the company, valued at approximately $2,238,413.80. The trade was a 16.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Mckinnon sold 68,936 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the sale, the chief executive officer directly owned 38,484 shares of the company’s stock, valued at approximately $5,642,524.08. This represents a 64.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 174,224 shares of company stock valued at $22,534,353. 4.61% of the stock is owned by corporate insiders.

About Okta

(Free Report)

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.