Vise Technologies Inc. Buys New Shares in Okta, Inc. $OKTA

Vise Technologies Inc. acquired a new position in shares of Okta, Inc. (NASDAQ:OKTA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,799 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OKTA. Vanguard Group Inc. lifted its stake in Okta by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock valued at $1,872,167,000 after acquiring an additional 582,956 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Okta by 76.3% during the first 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 purchasing an additional 1,189,222 shares during the period. Ninety One UK Ltd increased its position in Okta by 52.1% during the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after buying an additional 939,589 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Okta by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 2,014,665 shares of the company’s stock valued at $211,982,000 after buying an additional 100,411 shares during the last quarter. Finally, Alkeon Capital Management LLC acquired a new position in shares of Okta during the 1st quarter worth approximately $199,918,000. 86.64% of the stock is owned by institutional investors.

Okta Trading Down 3.4%

Shares of Okta stock opened at $81.07 on Tuesday. The firm’s 50 day moving average is $89.58 and its 200 day moving average is $97.21. The firm has a market capitalization of $14.19 billion, a PE ratio of 95.38, a price-to-earnings-growth ratio of 4.12 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 issued its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The firm had revenue of $728,000 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. 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 anticipate that Okta, Inc. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other Okta news, CEO Todd Mckinnon sold 31,968 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $92.33, for a total value of $2,951,605.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $92.61, for a total transaction of $564,087.51. Following the sale, the executive owned 7,067 shares in the company, valued at approximately $654,474.87. This represents a 46.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 64,975 shares of company stock worth $6,011,126. Company insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

OKTA has been the subject of several research analyst reports. Zacks Research downgraded shares of Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Mizuho cut their price objective on shares of Okta from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $140.00 target price on shares of Okta in a research report on Friday, September 26th. BMO Capital Markets lowered their target price on Okta from $132.00 to $112.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 27th. Finally, Westpark Capital restated a “buy” rating and issued a $140.00 price target on shares of Okta in a research note on Wednesday, August 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.11.

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.