WINTON GROUP Ltd Buys Shares of 18,000 Okta, Inc. $OKTA

WINTON GROUP Ltd bought a new position in shares of Okta, Inc. (NASDAQ:OKTA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 18,000 shares of the company’s stock, valued at approximately $1,799,000.

A number of other large investors have also made changes to their positions in OKTA. Hood River Capital Management LLC lifted its stake in shares of Okta by 4.2% in the second quarter. Hood River Capital Management LLC now owns 87,732 shares of the company’s stock valued at $8,771,000 after purchasing an additional 3,499 shares during the period. Ossiam grew its position in Okta by 125.5% during the second quarter. Ossiam now owns 8,616 shares of the company’s stock worth $861,000 after buying an additional 4,796 shares during the period. Bank of Nova Scotia increased its holdings in Okta by 7.5% in the second quarter. Bank of Nova Scotia now owns 6,754 shares of the company’s stock valued at $675,000 after buying an additional 471 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Okta by 16.4% during the 2nd quarter. California Public Employees Retirement System now owns 300,507 shares of the company’s stock valued at $30,042,000 after acquiring an additional 42,448 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Okta by 16.0% during the 2nd quarter. Cerity Partners LLC now owns 72,265 shares of the company’s stock valued at $7,224,000 after acquiring an additional 9,963 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 1,318 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $85.71, for a total transaction of $112,965.78. Following the completion of the transaction, the insider owned 35,201 shares of the company’s stock, valued at approximately $3,017,077.71. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric Robert Kelleher sold 2,410 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the transaction, the insider directly owned 9,174 shares in the company, valued at approximately $841,531.02. This represents a 20.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 66,293 shares of company stock valued at $6,124,092 in the last quarter. Insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OKTA shares. Truist Financial raised Okta from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $125.00 in a report on Monday, August 25th. Bank of America restated an “underperform” rating and set a $75.00 target price on shares of Okta in a report on Wednesday, August 27th. Scotiabank cut their target price on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 3rd. Morgan Stanley lowered their price target on shares of Okta from $123.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, BMO Capital Markets dropped their price objective on shares of Okta from $112.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, December 3rd. Twenty-three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.91.

Okta Stock Performance

Shares of OKTA opened at $87.79 on Wednesday. The stock has a fifty day moving average of $86.57 and a two-hundred day moving average of $92.75. The company has a market capitalization of $15.37 billion, a PE ratio of 80.54, a price-to-earnings-growth ratio of 4.12 and a beta of 0.77. Okta, Inc. has a fifty-two week low of $75.05 and a fifty-two week high of $127.57.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The business had revenue of $742.00 million for the quarter, compared to analysts’ expectations of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. 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, equities research analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

About Okta

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.