Okta, Inc. $OKTA Stock: Mn Services Vermogensbeheer B.V. Grows Position

Mn Services Vermogensbeheer B.V. increased its stake in Okta, Inc. (NASDAQ:OKTA) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,845 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Okta were worth $10,632,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in Okta by 71.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock worth $281,209,000 after acquiring an additional 1,485,963 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Okta by 28.4% in the first quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock valued at $195,844,000 after purchasing an additional 550,328 shares during the last quarter. Swedbank AB lifted its position in Okta by 21.9% in the first quarter. Swedbank AB now owns 2,216,588 shares of the company’s stock valued at $174,468,000 after purchasing an additional 397,507 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Okta by 0.4% during the first quarter. Bank of America Corp DE now owns 1,496,896 shares of the company’s stock valued at $117,821,000 after purchasing an additional 6,533 shares during the period. Finally, Senvest Management LLC boosted its stake in shares of Okta by 54.5% during the first quarter. Senvest Management LLC now owns 830,515 shares of the company’s stock valued at $65,370,000 after purchasing an additional 292,900 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta Stock Up 5.4%

Shares of OKTA stock opened at $232.13 on Friday. The stock has a fifty day moving average of $173.68 and a 200 day moving average of $129.27. Okta, Inc. has a 52 week low of $62.66 and a 52 week high of $232.98. The firm has a market capitalization of $40.58 billion, a price-to-earnings ratio of 139.84, a PEG ratio of 6.85 and a beta of 0.73.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The business had revenue of $805.00 million for the quarter, compared to the consensus estimate of $793.00 million. During the same period in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Equities research analysts anticipate that Okta, Inc. will post 1.92 earnings per share for the current year.

Insider Activity at Okta

In related news, CEO Todd McKinnon sold 48,822 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the transaction, the chief executive officer owned 44,029 shares in the company, valued at $8,518,730.92. The trade was a 52.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at approximately $1,249,650.92. The trade was a 84.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,766 shares of company stock worth $23,927,112 over the last 90 days. 4.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on OKTA. Roth Capital lifted their target price on shares of Okta from $155.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. New Street Research set a $235.00 price target on shares of Okta in a research report on Thursday, September 24th. Robert W. Baird raised their price target on shares of Okta from $200.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. Citigroup restated a “market outperform” rating on shares of Okta in a research report on Thursday, September 24th. Finally, BMO Capital Markets upped their price objective on shares of Okta from $230.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and an average price target of $201.10.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta’s latest quarterly results showed approximately 11% revenue growth, 17% growth in remaining performance obligations and 14% growth in current remaining performance obligations. Management also raised full-year free-cash-flow guidance to $910 million–$930 million, supporting the view that growth is translating into stronger cash generation. Okta second-quarter fiscal 2027 results
• Positive Sentiment: Investors are viewing Okta as a potential beneficiary of enterprise AI adoption. The company is positioning identity, governance and runtime controls as essential for securing AI agents, while its Blueprint Alliance with technology and cybersecurity partners strengthens that strategic narrative. Blueprint Alliance announcement
• Positive Sentiment: Okta’s push for phishing-resistant authentication, including its partnership with Yubico, gives the company additional exposure to growing concerns about AI-enhanced phishing attacks and passwordless security. Okta phishing-resistant authentication coverage
• Neutral Sentiment: Amerx initiated coverage with a Hold rating, while recent institutional activity was mixed: several large investors added shares, but UBS and Norges Bank reduced positions. Amerx Okta coverage
• Negative Sentiment: Valuation and insider activity remain risks. OKTA has gained sharply year to date, while the reported median analyst price target of $120 is well below the recent trading level. Insiders have made substantially more sales than purchases over the past six months, including selling by CEO Todd McKinnon and CFO Brett Tighe.

Okta Profile

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta’s products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.