RWA Wealth Partners LLC Lowers Stake in Okta, Inc. $OKTA

RWA Wealth Partners LLC cut its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 2.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,222 shares of the company’s stock after selling 597 shares during the period. RWA Wealth Partners LLC’s holdings in Okta were worth $2,122,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. TD Private Client Wealth LLC grew its holdings in Okta by 19.6% in the first quarter. TD Private Client Wealth LLC now owns 561 shares of the company’s stock valued at $59,000 after purchasing an additional 92 shares during the period. Allworth Financial LP lifted its position in shares of Okta by 5.7% during the 1st quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock valued at $173,000 after buying an additional 92 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Okta by 12.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after buying an additional 92 shares in the last quarter. Norden Group LLC grew its stake in Okta by 3.7% in the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock valued at $326,000 after acquiring an additional 116 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Okta by 12.6% in the 1st quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company’s stock worth $113,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OKTA shares. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. BTIG Research restated a “buy” rating and set a $142.00 price target on shares of Okta in a research report on Friday, September 26th. Scotiabank lowered 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. Canaccord Genuity Group upgraded Okta from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $120.00 in a research note on Tuesday, August 26th. Finally, Zacks Research downgraded Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Okta currently has an average rating of “Hold” and a consensus price target of $118.94.

Okta Price Performance

Shares of Okta stock opened at $85.21 on Friday. The stock’s 50 day simple moving average is $90.41 and its 200-day simple moving average is $98.21. The stock has a market cap of $14.92 billion, a P/E ratio of 100.25, a P/E/G ratio of 4.18 and a beta of 0.84. Okta, Inc. has a 1-year low of $71.84 and a 1-year high of $127.57.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 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 revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, research analysts expect that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Okta

In other Okta news, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $92.61, for a total transaction of $564,087.51. Following the transaction, the executive directly owned 7,067 shares of the company’s stock, valued at $654,474.87. The trade was a 46.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 3,348 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total transaction of $301,889.16. Following the completion of the transaction, the insider owned 39,155 shares in the company, valued at $3,530,606.35. The trade was a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 63,657 shares of company stock worth $5,898,754. Corporate insiders own 5.68% of the company’s stock.

Okta Profile

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.