Union Bancaire Privee UBP SA Lowers Stock Position in Okta, Inc. $OKTA

Union Bancaire Privee UBP SA cut its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 8.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,395 shares of the company’s stock after selling 9,950 shares during the period. Union Bancaire Privee UBP SA’s holdings in Okta were worth $9,298,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Okta during the 1st quarter worth $515,000. Fluent Financial LLC grew its stake in Okta by 94.9% in the second quarter. Fluent Financial LLC now owns 10,825 shares of the company’s stock valued at $1,082,000 after purchasing an additional 5,272 shares during the last quarter. Ninety One SA PTY Ltd raised its holdings in Okta by 57.9% in the second quarter. Ninety One SA PTY Ltd now owns 49,209 shares of the company’s stock worth $4,920,000 after purchasing an additional 18,046 shares in the last quarter. Focus Partners Wealth raised its holdings in Okta by 3.5% in the first quarter. Focus Partners Wealth now owns 114,480 shares of the company’s stock worth $12,046,000 after purchasing an additional 3,857 shares in the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in shares of Okta during the first quarter valued at about $199,918,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Okta Trading Up 2.7%

NASDAQ OKTA opened at $90.59 on Wednesday. Okta, Inc. has a 12-month low of $75.05 and a 12-month high of $127.57. The company has a fifty day simple moving average of $86.26 and a two-hundred day simple moving average of $91.94. The stock has a market cap of $16.06 billion, a P/E ratio of 83.11, a P/E/G ratio of 4.16 and a beta of 0.77.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The firm had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, sell-side analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Okta

In related news, insider Eric Robert Kelleher sold 2,410 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total value of $221,069.30. Following the sale, the insider owned 9,174 shares in the company, valued at $841,531.02. This represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief financial officer owned 133,336 shares in the company, valued at approximately $12,666,920. This trade represents a 6.98% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 62,945 shares of company stock worth $5,822,203. 5.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Okta from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. KeyCorp restated an “overweight” rating and issued a $140.00 target price on shares of Okta in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Finally, Mizuho decreased their price objective on Okta from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Twenty-four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.62.

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.