Cwm LLC Buys 1,433 Shares of Okta, Inc. $OKTA

Cwm LLC raised its stake in Okta, Inc. (NASDAQ:OKTA) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,063 shares of the company’s stock after purchasing an additional 1,433 shares during the period. Cwm LLC’s holdings in Okta were worth $3,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Okta by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock worth $1,872,167,000 after acquiring an additional 582,956 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Okta by 325.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock worth $389,308,000 after acquiring an additional 2,830,582 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Okta by 76.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after acquiring an additional 1,189,222 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Okta by 52.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after acquiring an additional 939,589 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Okta by 5.2% during the 1st quarter. Ameriprise Financial Inc. now owns 2,014,665 shares of the company’s stock worth $211,982,000 after acquiring an additional 100,411 shares during the period. 86.64% of the stock is owned by institutional investors.

Okta Stock Down 0.3%

Shares of Okta stock opened at $87.43 on Friday. The stock has a market capitalization of $15.31 billion, a P/E ratio of 102.86, a price-to-earnings-growth ratio of 4.31 and a beta of 0.84. Okta, Inc. has a 12-month low of $70.92 and a 12-month high of $127.57. The company has a 50-day simple moving average of $91.23 and a 200 day simple moving average of $99.18.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.07. The firm had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $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.

Wall Street Analysts Forecast Growth

OKTA has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Bank of America reaffirmed an “underperform” rating and set a $75.00 price objective on shares of Okta in a report on Wednesday, August 27th. BMO Capital Markets reduced their price objective on shares of Okta from $132.00 to $112.00 and set a “market perform” rating for the company in a report on Wednesday, August 27th. Zacks Research cut shares of Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Okta in a research report on Friday, September 26th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.94.

Insider Transactions at Okta

In other Okta news, insider Larissa Schwartz sold 1,318 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $91.65, for a total value of $120,794.70. Following the completion of the sale, the insider owned 37,837 shares in the company, valued at approximately $3,467,761.05. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the chief financial officer owned 133,336 shares of the company’s stock, valued at $12,666,920. The trade was a 6.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,249 shares of company stock worth $9,809,471. Corporate insiders own 5.68% of the company’s stock.

Okta Company 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.