TD Asset Management Inc Has $2.78 Million Stock Holdings in Okta, Inc. $OKTA

TD Asset Management Inc decreased its position in shares of Okta, Inc. (NASDAQ:OKTA) by 69.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,343 shares of the company’s stock after selling 69,072 shares during the period. TD Asset Management Inc’s holdings in Okta were worth $2,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of Okta during the 3rd quarter worth about $26,000. Promus Capital LLC acquired a new stake in Okta in the second quarter valued at approximately $27,000. Westside Investment Management Inc. lifted its stake in Okta by 86.9% in the third quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock valued at $38,000 after acquiring an additional 193 shares during the last quarter. Financial Consulate Inc. bought a new stake in Okta in the third quarter worth approximately $40,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Okta during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results topped consensus — EPS of $0.90 and revenue of $761M beat estimates; Okta reported improved profitability and a large total contract value that supports durable enterprise demand. Okta Announces Fourth Quarter And Fiscal Year 2026 Financial Results
• Positive Sentiment: Management is pushing an AI-agents growth narrative — Okta says agentic AI is creating new identity/security requirements (and opened visible use cases such as the PGA partnership), which supports upside over the medium term if adoption accelerates. Okta Sees AI Agents Fueling Next Growth Wave
• Neutral Sentiment: Analyst reactions remain mixed-to-positive — several brokers kept Buy/Outperform ratings (Morgan Stanley reiterated a Buy PT $101; Baird stayed constructive), while coverage and price targets vary widely, leaving consensus expectations dispersed. Okta: Attractive AI-Driven Identity Positioning Supports Buy Rating Despite Near-Term Growth Constraints
• Negative Sentiment: Q1 revenue guidance came in below Street expectations ($749M–$753M vs. ~$754.9M consensus), and company forecasts the slowest revenue growth since its IPO — that conservative near-term outlook is the main driver of investor concern. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Market reaction: despite the beat, shares dipped on a “muted” outlook and conservative FY27 revenue posture — investors are focused on the near-term revenue cadence rather than longer-term AI opportunities. Okta beats Q4 estimates but shares dip on muted outlook

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OKTA shares. Truist Financial reduced their price objective on shares of Okta from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. BMO Capital Markets cut their target price on Okta from $90.00 to $83.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Piper Sandler upped their price target on Okta from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Stifel Nicolaus lowered their price objective on Okta from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada boosted their target price on Okta from $97.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

Insider Transactions at Okta

In other news, CEO Todd Mckinnon sold 11,286 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total transaction of $1,026,574.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Larissa Schwartz sold 1,836 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the transaction, the insider owned 36,328 shares of the company’s stock, valued at $3,032,298.16. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,245 shares of company stock valued at $3,385,624 in the last ninety days. 5.68% of the stock is owned by corporate insiders.

Okta Stock Down 1.1%

Shares of OKTA stock opened at $71.74 on Thursday. Okta, Inc. has a 12 month low of $68.77 and a 12 month high of $127.57. The firm has a market cap of $12.71 billion, a PE ratio of 65.82, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79. The stock has a 50 day moving average of $85.40 and a 200-day moving average of $87.51.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business had revenue of $761.00 million for the quarter, compared to analyst estimates of $749.87 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Okta’s revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, equities analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta declared that its Board of Directors has initiated a share repurchase plan on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Okta Company Profile

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.