Okta, Inc. $OKTA Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 111.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 222,187 shares of the company’s stock after buying an additional 117,129 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Okta worth $22,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new stake in shares of Okta during the second quarter valued at $26,000. Harbour Investments Inc. lifted its holdings 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 purchasing an additional 157 shares in the last quarter. Kiker Wealth Management LLC boosted its stake in shares of Okta by 1,159.3% during the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Okta by 88.3% during the second quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock worth $34,000 after buying an additional 159 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Okta by 126.0% during the second quarter. V Square Quantitative Management LLC now owns 504 shares of the company’s stock worth $50,000 after buying an additional 281 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Todd Mckinnon sold 31,968 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total value of $2,951,605.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Robert Kelleher sold 2,410 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total transaction of $221,069.30. Following the completion of the transaction, the insider directly owned 9,174 shares in the company, valued at approximately $841,531.02. This represents a 20.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 64,975 shares of company stock worth $6,011,126. Insiders own 5.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Berenberg Bank initiated coverage on shares of Okta in a research note on Tuesday. They set a “buy” rating and a $145.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Okta in a research note on Wednesday, August 27th. Truist Financial upgraded Okta from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $125.00 in a report on Monday, August 25th. Westpark Capital reiterated a “buy” rating and issued a $140.00 target price on shares of Okta in a research note on Wednesday, August 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $130.00 target price on shares of Okta in a research report on Wednesday, August 27th. Twenty-three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and an average target price of $117.33.

Okta Trading Down 0.0%

Shares of OKTA opened at $81.03 on Wednesday. Okta, Inc. has a twelve month low of $71.84 and a twelve month high of $127.57. The firm has a market capitalization of $14.19 billion, a P/E ratio of 95.33, a price-to-earnings-growth ratio of 3.98 and a beta of 0.84. The stock’s fifty day simple moving average is $89.33 and its 200 day simple moving average is $96.98.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The firm had revenue of $728,000 billion during 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts predict that Okta, Inc. will post 0.42 earnings per share for the current year.

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.