Okta, Inc. $OKTA Shares Sold by My Personal CFO LLC

My Personal CFO LLC trimmed its position in shares of Okta, Inc. (NASDAQ:OKTA) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,583 shares of the company’s stock after selling 10,074 shares during the quarter. Okta accounts for approximately 4.4% of My Personal CFO LLC’s investment portfolio, making the stock its 6th largest position. My Personal CFO LLC’s holdings in Okta were worth $12,041,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Courier Capital LLC lifted its holdings in shares of Okta by 50.6% in the 3rd quarter. Courier Capital LLC now owns 14,042 shares of the company’s stock worth $2,936,000 after acquiring an additional 4,716 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of Okta during the 3rd quarter worth about $248,000. Perpetual Ltd grew its holdings in Okta by 129.9% during the 3rd quarter. Perpetual Ltd now owns 6,692 shares of the company’s stock valued at $1,399,000 after purchasing an additional 3,781 shares during the last quarter. Wedmont Private Capital bought a new position in Okta during the 3rd quarter valued at about $260,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in Okta by 5.4% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 50,845 shares of the company’s stock worth $10,632,000 after purchasing an additional 2,600 shares during the period. Institutional investors own 86.64% of the company’s stock.

Analyst Ratings Changes

OKTA has been the subject of several analyst reports. Oppenheimer raised their price objective on shares of Okta from $190.00 to $227.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. BMO Capital Markets upped their target price on Okta from $230.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday. Susquehanna increased their price target on Okta from $110.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Truist Financial increased their price target on Okta from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Finally, Citigroup reissued a “market outperform” rating on shares of Okta in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.10.

Insiders Place Their Bets

In other news, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the completion of the sale, the insider owned 18,668 shares of the company’s stock, valued at approximately $3,427,071.44. The trade was a 25.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total value of $6,700,812.44. Following the completion of the sale, the chief financial officer owned 7,693 shares of the company’s stock, valued at $1,249,650.92. The trade was a 84.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 in the last three months. Corporate insiders own 4.61% of the company’s stock.

Okta Trading Down 0.2%

NASDAQ OKTA opened at $226.53 on Wednesday. The stock has a market cap of $39.60 billion, a PE ratio of 136.46, a PEG ratio of 7.06 and a beta of 0.73. Okta, Inc. has a 12 month low of $62.66 and a 12 month high of $235.00. The company’s 50-day moving average price is $176.97 and its 200-day moving average price is $131.71.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The company had revenue of $805.00 million during the quarter, compared to analyst estimates of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. 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, sell-side analysts forecast that Okta, Inc. will post 1.92 earnings per share for the current year.

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.