Nicholas Company Inc. Has $13.84 Million Holdings in Okta, Inc. $OKTA

Nicholas Company Inc. lowered its position in shares of Okta, Inc. (NASDAQ:OKTA) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,038 shares of the company’s stock after selling 12,350 shares during the quarter. Nicholas Company Inc.’s holdings in Okta were worth $13,838,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Swiss Life Asset Management Ltd raised its holdings in shares of Okta by 1.8% during the fourth quarter. Swiss Life Asset Management Ltd now owns 18,450 shares of the company’s stock valued at $1,595,000 after acquiring an additional 319 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Okta during the fourth quarter valued at approximately $409,000. Ballentine Partners LLC raised its holdings in shares of Okta by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 16,074 shares of the company’s stock valued at $1,390,000 after acquiring an additional 190 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Okta during the fourth quarter valued at approximately $126,000. Finally, Redwood Wealth Management Group LLC raised its holdings in shares of Okta by 41.1% during the fourth quarter. Redwood Wealth Management Group LLC now owns 7,541 shares of the company’s stock valued at $652,000 after acquiring an additional 2,195 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Price Performance

OKTA stock opened at $83.90 on Monday. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 64.05, a P/E/G ratio of 3.27 and a beta of 0.59. Okta, Inc. has a 12 month low of $62.66 and a 12 month high of $127.57. The firm has a 50 day moving average of $76.07 and a two-hundred day moving average of $82.86.

Okta (NASDAQ:OKTA) last posted its earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, research analysts expect that Okta, Inc. will post 1.61 EPS for the current fiscal year.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Recent coverage says Okta’s AI security initiatives, including securing AI agents and non-human identities, are drawing fresh investor interest and could strengthen its competitive position. Okta (OKTA) Valuation Check As AI Agent Security Push Draws Fresh Investor Attention
• Positive Sentiment: Another article highlighted Okta’s effort to make its identity platform a key layer for enterprise AI-agent security, reinforcing the bullish AI narrative. Is Okta (OKTA) Quietly Turning AI Agent Security Into Its Core Competitive Edge?
• Positive Sentiment: Media coverage noted Okta is targeting roughly 9% FY2027 growth as AI security gains traction, which may reassure investors about the company’s longer-term revenue path. Okta targets 9% FY 2027 growth as AI security gains traction
• Neutral Sentiment: Insider Larissa Schwartz sold shares in two pre-arranged Rule 10b5-1 transactions, but the sales were disclosed as part of a planned trading program and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: One article discussed Okta’s Salesforce integration and broader enterprise identity strategy, which may be viewed as strategic but does not appear to be a major near-term catalyst. Okta-Salesforce integration highlights shift in enterprise identity strategy
• Negative Sentiment: The insider stock sales may create some overhang for traders, even though they were pre-planned and relatively small compared with the insider’s remaining holdings.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OKTA. Morgan Stanley cut their price target on shares of Okta from $110.00 to $101.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Stephens dropped their price objective on shares of Okta from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Citigroup lowered shares of Okta from a “neutral” rating to a “negative” rating in a research note on Thursday, April 16th. Wells Fargo & Company began coverage on shares of Okta in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $76.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Okta from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Twenty-eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.89.

Insider Buying and Selling

In other Okta news, Director David Schellhase bought 3,712 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was bought at an average cost of $72.04 per share, with a total value of $267,412.48. Following the completion of the transaction, the director directly owned 3,712 shares of the company’s stock, valued at approximately $267,412.48. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Larissa Schwartz sold 1,054 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $84,320.00. Following the completion of the sale, the insider directly owned 48,448 shares of the company’s stock, valued at $3,875,840. This represents a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 68,384 shares of company stock valued at $5,413,148. 4.61% of the stock is owned by company insiders.

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.