Okta, Inc. $OKTA Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in Okta, Inc. (NASDAQ:OKTA) by 15.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,951 shares of the company’s stock after selling 9,864 shares during the period. Blair William & Co. IL’s holdings in Okta were worth $5,293,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its position in Okta by 167.4% in the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Wayfinding Financial LLC acquired a new position in Okta in the 1st quarter valued at about $27,000. Harbour Investments Inc. increased its position in Okta by 152.4% in the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares during the period. Pinnacle Bancorp Inc. acquired a new position in Okta in the 2nd quarter valued at about $26,000. Finally, Rossby Financial LCC acquired a new position in Okta in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Price Performance

Shares of NASDAQ:OKTA opened at $89.35 on Monday. The business’s 50 day simple moving average is $91.91 and its 200-day simple moving average is $99.69. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 105.12, a price-to-earnings-growth ratio of 4.39 and a beta of 0.84. Okta, Inc. has a 12 month low of $70.92 and a 12 month high of $127.57.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. The business had revenue of $728,000 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company 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 analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Okta

In other news, insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction that occurred on 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 owned 9,174 shares of the company’s stock, valued at $841,531.02. The trade was a 20.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the sale, the chief financial officer directly owned 133,336 shares in the company, valued at $12,666,920. This trade represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,267 shares of company stock worth $12,780,944. Corporate insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Arete Research upgraded Okta to a “strong sell” rating and set a $83.00 price target on the stock in a research report on Monday, July 7th. Jefferies Financial Group boosted their price target on Okta from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th. Bank of America reaffirmed an “underperform” rating and issued a $75.00 price objective on shares of Okta in a report on Wednesday, August 27th. Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Finally, Truist Financial raised Okta from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $125.00 in a report on Monday, August 25th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $118.94.

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.