Stephens Investment Management Group LLC Has $40.04 Million Stock Position in Okta, Inc. $OKTA

Stephens Investment Management Group LLC lowered its stake in Okta, Inc. (NASDAQ:OKTA) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 436,680 shares of the company’s stock after selling 25,301 shares during the quarter. Stephens Investment Management Group LLC owned about 0.25% of Okta worth $40,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Okta in the 1st quarter valued at $225,000. NewEdge Advisors LLC raised its stake in shares of Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock valued at $582,000 after purchasing an additional 4,950 shares during the period. Parallel Advisors LLC raised its stake in shares of Okta by 8.5% in the 2nd quarter. Parallel Advisors LLC now owns 5,133 shares of the company’s stock valued at $513,000 after purchasing an additional 403 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of Okta by 32.5% in the second quarter. Pallas Capital Advisors LLC now owns 10,320 shares of the company’s stock valued at $1,032,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Okta during the second quarter worth about $244,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating and published a quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus, which can support institutional buying interest. Read More.
• Positive Sentiment: UBS issued a Buy on Okta, adding another high-profile buy-side endorsement that can help sustain demand if momentum turns positive. Read More.
• Positive Sentiment: Board-authorized $1.0 billion share buyback (up to ~6.8% of shares) signals management thinks shares may be undervalued and can be an important technical/supportive catalyst for the stock. Read More.
• Positive Sentiment: Okta launched in-country platform tenants in India (data residency + enhanced disaster recovery), a strategic expansion into a large, regulated market that can accelerate enterprise adoption and revenue growth in APAC. Read More.
• Neutral Sentiment: Industry commentary highlights AI-driven security as a long-term tailwind for identity platforms like Okta—positive context for long-term investors but not an immediate price catalyst. Read More.
• Neutral Sentiment: Analyst coverage is mixed but tilted positive on average: several firms maintain Buy/Overweight ratings and a consensus target above current levels, though some targets were trimmed over recent months — this provides both upside potential and sensitivity to execution. Read More.
• Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~\$95), trimming his holding by ~6.9% — a high-profile insider sale that can trigger short-term caution and headline-driven selling. Read More.
• Negative Sentiment: Market reports noted Okta underperformed broader market gains today, consistent with profit-taking/rotation despite multiple supportive analyst notes; near-term momentum remains fragile. Read More.

Insider Activity at Okta

In related news, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the sale, the chief financial officer directly owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. This trade represents a 6.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Larissa Schwartz sold 1,899 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total value of $172,315.26. Following the completion of the sale, the insider owned 38,164 shares of the company’s stock, valued at $3,463,001.36. This trade represents a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 36,727 shares of company stock valued at $3,344,746 in the last 90 days. Insiders own 5.68% of the company’s stock.

Okta Trading Down 2.6%

NASDAQ OKTA opened at $89.55 on Friday. The firm has a market capitalization of $15.87 billion, a P/E ratio of 82.16, a price-to-earnings-growth ratio of 4.30 and a beta of 0.76. The firm’s fifty day moving average price is $86.73 and its two-hundred day moving average price is $90.36. Okta, Inc. has a 1 year low of $75.05 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. Okta had a return on equity of 3.77% and a net margin of 6.87%.The firm had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The business’s revenue for the quarter 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. On average, research analysts anticipate that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta declared that its Board of Directors has approved a stock repurchase plan on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

OKTA has been the topic of a number of recent research reports. Cowen reissued a “hold” rating on shares of Okta in a research report on Wednesday, December 3rd. Berenberg Bank initiated coverage on shares of Okta in a research note on Tuesday, November 18th. They set a “buy” rating and a $145.00 price target for the company. Piper Sandler boosted their price objective on shares of Okta from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Susquehanna reduced their target price on shares of Okta from $105.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Twenty-five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.88.

Okta Profile

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.