Public Employees Retirement System of Ohio Lowers Stake in Okta, Inc. $OKTA

Posted by Brian Himes on Jul 28th, 2026

Public Employees Retirement System of Ohio lessened its stake in Okta, Inc. (NASDAQ:OKTA – Free Report) by 8.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 96,882 shares of the company’s stock after selling 9,261 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of Okta worth $7,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKTA. SHP Wealth Management acquired a new stake in shares of Okta in the fourth quarter valued at $27,000. Torren Management LLC purchased a new stake in shares of Okta in the 4th quarter valued at $32,000. Spire Wealth Management lifted its stake in Okta by 30.8% during the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after acquiring an additional 119 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Okta during the 4th quarter worth about $56,000. Finally, EFG International AG purchased a new position in Okta during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKTA. Weiss Ratings raised Okta from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Arete Research set a $127.00 price target on shares of Okta and gave the stock a “buy” rating in a research report on Tuesday, May 26th. HSBC lowered shares of Okta from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Morgan Stanley assumed coverage on shares of Okta in a research note on Monday, July 6th. They set a “neutral” rating on the stock. Finally, Citigroup reiterated an “outperform” rating on shares of Okta in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.81.

View Our Latest Stock Report on Okta

Okta Stock Down 0.8%

OKTA stock opened at $137.43 on Tuesday. The business has a 50 day moving average price of $125.20 and a 200 day moving average price of $96.34. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 99.59, a PEG ratio of 4.98 and a beta of 0.77. Okta, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $157.00.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The company had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue 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. As a group, sell-side analysts anticipate that Okta, Inc. will post 1.75 EPS for the current year.

Insider Transactions at Okta

In other Okta news, CFO Brett Tighe sold 65,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $117.25, for a total transaction of $7,621,250.00. Following the transaction, the chief financial officer owned 119,680 shares of the company’s stock, valued at approximately $14,032,480. This trade represents a 35.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of Okta stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $114.10, for a total value of $453,775.70. Following the sale, the insider owned 19,618 shares in the company, valued at $2,238,413.80. This trade represents a 16.86% decrease in their position. 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 three months, insiders sold 174,224 shares of company stock worth $22,534,353. Insiders own 4.61% of the company’s stock.

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.