PensionDanmark Pensionsforsikringsaktieselskab Buys 5,862 Shares of Okta, Inc. $OKTA

Posted by Geri Gentry on Aug 10th, 2026

PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in Okta, Inc. (NASDAQ:OKTA – Free Report) by 40.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 20,492 shares of the company’s stock after buying an additional 5,862 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Okta were worth $2,796,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in shares of Okta by 28.2% during the fourth quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock worth $521,422,000 after acquiring an additional 1,326,051 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Okta by 71.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock worth $281,209,000 after purchasing an additional 1,485,963 shares during the period. Geode Capital Management LLC increased its stake in shares of Okta by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock worth $281,246,000 after purchasing an additional 57,605 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Okta by 2.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock worth $215,776,000 after purchasing an additional 69,653 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Okta by 28.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock worth $195,844,000 after purchasing an additional 550,328 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Okta news, Director Shellye L. Archambeau sold 2,500 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the director directly owned 9,192 shares in the company, valued at $781,320. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $114.10, for a total transaction of $453,775.70. Following the sale, the insider owned 19,618 shares in the company, valued at $2,238,413.80. The trade was a 16.86% 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. Insiders have sold 167,847 shares of company stock valued at $22,039,842 in the last ninety days. Insiders own 4.61% of the company’s stock.

Okta Price Performance

Shares of NASDAQ:OKTA opened at $148.32 on Monday. The business’s 50 day simple moving average is $133.88 and its 200 day simple moving average is $99.52. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $157.00. The company has a market capitalization of $25.78 billion, a P/E ratio of 107.48, a P/E/G ratio of 5.33 and a beta of 0.77.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $751.84 million. Okta had a return on equity of 4.15% and a net margin of 8.24%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, sell-side analysts anticipate that Okta, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada upped their price objective on Okta from $108.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Sanford C. Bernstein downgraded Okta from an “outperform” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group initiated coverage on shares of Okta in a research report on Monday, July 6th. They issued a “buy” rating for the company. Wells Fargo & Company upped their price target on shares of Okta from $100.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Finally, Capital One Financial set a $171.00 price target on shares of Okta and gave the stock an “overweight” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.81.

View Our Latest Analysis on Okta

Okta Profile

(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.