Polianta Ltd Invests $1.20 Million in Okta, Inc. $OKTA

Polianta Ltd bought a new stake in Okta, Inc. (NASDAQ:OKTA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,100 shares of the company’s stock, valued at approximately $1,201,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CW Advisors LLC grew its position in shares of Okta by 26.7% during the first quarter. CW Advisors LLC now owns 3,545 shares of the company’s stock worth $373,000 after acquiring an additional 747 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Okta by 5.5% in the 1st quarter. Kestra Advisory Services LLC now owns 9,042 shares of the company’s stock worth $951,000 after buying an additional 470 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Okta by 12.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after acquiring an additional 92 shares in the last quarter. Freedom Investment Management Inc. acquired a new position in Okta during the 1st quarter worth $262,000. Finally, Ieq Capital LLC boosted its position in Okta by 25.8% during the 1st quarter. Ieq Capital LLC now owns 123,315 shares of the company’s stock worth $12,975,000 after acquiring an additional 25,327 shares during the period. 86.64% of the stock is currently owned by institutional investors.

Okta Price Performance

Shares of NASDAQ OKTA opened at $88.40 on Friday. The company has a market capitalization of $15.67 billion, a P/E ratio of 81.10, a price-to-earnings-growth ratio of 4.17 and a beta of 0.77. The business’s 50-day moving average price is $86.16 and its two-hundred day moving average price is $91.38. Okta, Inc. has a one year low of $75.05 and a one year high of $127.57.

Okta (NASDAQ:OKTA) last posted its earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $742.00 million for the quarter, compared to the consensus estimate of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business’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. On average, equities analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on OKTA shares. KeyCorp reissued an “overweight” rating and set a $140.00 target price on shares of Okta in a research note on Monday, December 1st. Roth Capital restated a “buy” rating on shares of Okta in a research report on Wednesday, December 3rd. Piper Sandler reduced their target price on Okta from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. The Goldman Sachs Group decreased their price target on Okta from $137.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Finally, Morgan Stanley cut their price objective on Okta from $123.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Twenty-four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued 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 $113.62.

Insider Buying and Selling

In other news, insider Eric Robert Kelleher sold 8,370 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $90.19, for a total value of $754,890.30. Following the completion of the sale, the insider directly owned 11,266 shares in the company, valued at approximately $1,016,080.54. The trade was a 42.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the sale, the chief financial officer directly owned 133,336 shares of the company’s stock, valued at approximately $12,666,920. This represents a 6.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,147 shares of company stock worth $3,310,275 over the last ninety days. Company insiders own 5.68% of the company’s stock.

About Okta

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.