Fideuram Intesa Sanpaolo Private Banking S.P.A. Grows Stock Position in Okta, Inc. $OKTA

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in Okta, Inc. (NASDAQ:OKTA) by 6.1% during the first quarter, HoldingsChannel.com reports. The fund owned 137,420 shares of the company’s stock after acquiring an additional 7,909 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Okta were worth $10,816,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its holdings in Okta by 4.6% in the 1st quarter. IFM Investors Pty Ltd now owns 32,178 shares of the company’s stock valued at $2,533,000 after purchasing an additional 1,412 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Okta by 1,265.5% during the first quarter. SJS Investment Consulting Inc. now owns 751 shares of the company’s stock worth $59,000 after buying an additional 696 shares in the last quarter. My Personal CFO LLC grew its holdings in shares of Okta by 19.2% during the first quarter. My Personal CFO LLC now owns 111,804 shares of the company’s stock worth $8,800,000 after buying an additional 17,999 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Okta by 28.4% in the first quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock valued at $195,844,000 after buying an additional 550,328 shares during the last quarter. Finally, River Street Advisors LLC acquired a new stake in shares of Okta in the first quarter valued at about $437,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta Price Performance

Okta stock opened at $141.42 on Friday. The firm has a 50 day simple moving average of $102.98 and a 200-day simple moving average of $89.65. Okta, Inc. has a 1-year low of $62.66 and a 1-year high of $145.95. The stock has a market cap of $24.58 billion, a price-to-earnings ratio of 102.48, a price-to-earnings-growth ratio of 5.05 and a beta of 0.77.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The firm had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Equities analysts expect that Okta, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on OKTA. Seaport Research Partners lowered shares of Okta to a “neutral” rating in a research report on Thursday, April 16th. Jefferies Financial Group increased their price objective on shares of Okta from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 29th. Weiss Ratings raised shares of Okta from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus lowered their target price on Okta from $121.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Oppenheimer upped their price target on Okta from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

Insider Buying and Selling

In other news, insider Larissa Schwartz sold 2,463 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $120.00, for a total value of $295,560.00. Following the transaction, the insider owned 25,241 shares of the company’s stock, valued at $3,028,920. This represents a 8.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $114.10, for a total value of $453,775.70. Following the transaction, the insider owned 19,618 shares of the company’s stock, valued at approximately $2,238,413.80. This represents a 16.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 111,665 shares of company stock valued at $12,935,522. 4.61% of the stock is currently owned by company insiders.

Okta 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.