3,319 Okta, Inc. $OKTA Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Okta, Inc. (NASDAQ:OKTA) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,451 shares of the company’s stock after selling 3,319 shares during the period. Yousif Capital Management LLC’s holdings in Okta were worth $9,086,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in Okta by 71.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock valued at $281,209,000 after acquiring an additional 1,485,963 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Okta by 28.4% in the first quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock worth $195,844,000 after purchasing an additional 550,328 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Okta by 114.3% in the first quarter. Quantinno Capital Management LP now owns 746,009 shares of the company’s stock worth $58,718,000 after purchasing an additional 397,951 shares during the last quarter. Swedbank AB lifted its holdings in shares of Okta by 21.9% during 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 in the last quarter. Finally, Junto Capital Management LP bought a new position in shares of Okta during the second quarter valued at $45,486,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta Price Performance

OKTA stock opened at $213.05 on Friday. The company has a market cap of $37.25 billion, a P/E ratio of 128.34, a price-to-earnings-growth ratio of 6.63 and a beta of 0.73. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $235.00. The stock’s fifty day moving average price is $185.47 and its 200-day moving average price is $138.26.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a return on equity of 4.50% and a net margin of 9.63%. The company had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $793.00 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. Okta’s revenue for the quarter 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. As a group, analysts expect that Okta, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

OKTA has been the topic of several recent analyst reports. Jefferies Financial Group increased their price objective on Okta from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Sanford C. Bernstein cut shares of Okta from an “outperform” rating to a “market perform” rating and upped their target price for the company from $143.00 to $174.00 in a research note on Thursday, September 17th. Wall Street Zen cut shares of Okta from a “buy” rating to a “hold” rating in a research note on Monday, October 12th. Morgan Stanley raised their price target on shares of Okta from $200.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, September 29th. Finally, Mizuho lifted their price target on shares of Okta from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.38.

Insider Activity at Okta

In other Okta news, insider Eric Kelleher sold 6,395 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the transaction, the insider directly owned 18,668 shares in the company, valued at approximately $3,427,071.44. This trade represents a 25.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Okta stock in a transaction on 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 transaction, the chief financial officer owned 7,693 shares in the company, valued at $1,249,650.92. This represents a 84.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 137,766 shares of company stock worth $23,927,112. 4.61% of the stock is owned by company insiders.

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.