Rokos Capital Management LLP Invests $9.48 Million in Okta, Inc. $OKTA

Rokos Capital Management LLP bought a new stake in Okta, Inc. (NASDAQ:OKTA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 94,839 shares of the company’s stock, valued at approximately $9,481,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Okta by 3.7% during the first quarter. PNC Financial Services Group Inc. now owns 6,598 shares of the company’s stock worth $694,000 after buying an additional 236 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Okta by 3.7% during the 1st quarter. Deutsche Bank AG now owns 226,272 shares of the company’s stock worth $23,808,000 after acquiring an additional 8,160 shares during the period. Townsquare Capital LLC increased its holdings in shares of Okta by 2.9% during the 1st quarter. Townsquare Capital LLC now owns 8,202 shares of the company’s stock worth $863,000 after acquiring an additional 229 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Okta by 2.5% during the 1st quarter. Benjamin Edwards Inc. now owns 6,218 shares of the company’s stock worth $654,000 after acquiring an additional 150 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Okta by 8.8% in the 1st quarter. Invesco Ltd. now owns 321,230 shares of the company’s stock valued at $33,800,000 after acquiring an additional 26,092 shares during the period. Institutional investors own 86.64% of the company’s stock.

Okta Stock Performance

OKTA stock opened at $89.84 on Thursday. The company has a market capitalization of $15.73 billion, a P/E ratio of 82.42, a PEG ratio of 4.14 and a beta of 0.77. The company has a fifty day moving average price of $86.53 and a 200-day moving average price of $92.73. Okta, Inc. has a 52-week low of $75.05 and a 52-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 for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $742.00 million during the quarter, compared to the consensus estimate of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.Okta’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $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, sell-side analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Todd Mckinnon sold 31,968 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $92.33, for a total transaction of $2,951,605.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the transaction, the executive directly owned 7,067 shares in the company, valued at approximately $654,474.87. This represents a 46.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 66,293 shares of company stock valued at $6,124,092. Corporate insiders own 5.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Cowen reissued a “hold” rating on shares of Okta in a research report on Wednesday, December 3rd. Jefferies Financial Group set a $90.00 target price on shares of Okta and gave the stock a “hold” rating in a report on Tuesday, November 25th. The Goldman Sachs Group decreased their price target on shares of Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, December 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $120.00 price objective on shares of Okta in a research report on Wednesday, December 3rd. Twenty-three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

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.