Okta, Inc. $OKTA Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Okta, Inc. (NASDAQ:OKTA) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,045 shares of the company’s stock after acquiring an additional 8,184 shares during the period. Natixis Advisors LLC’s holdings in Okta were worth $2,598,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC lifted its stake in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after acquiring an additional 264 shares in the last quarter. Torren Management LLC purchased a new stake in Okta in the 4th quarter worth about $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Okta in the 3rd quarter worth about $34,000. Spire Wealth Management lifted its stake in Okta by 30.8% in the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after acquiring an additional 119 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in Okta in the 4th quarter worth about $52,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Okta Price Performance

OKTA opened at $119.96 on Wednesday. Okta, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $142.35. The business has a 50-day moving average of $86.52 and a 200-day moving average of $85.05. The company has a market capitalization of $20.85 billion, a PE ratio of 86.93, a price-to-earnings-growth ratio of 4.23 and a beta of 0.80.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Okta had a return on equity of 4.15% and a net margin of 8.24%.The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. During the same period last year, the business earned $0.86 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. On average, equities research analysts expect that Okta, Inc. will post 1.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Jonathan James Addison sold 23,304 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total value of $1,812,818.16. Following the transaction, the executive directly owned 4,364 shares of the company’s stock, valued at approximately $339,475.56. This trade represents a 84.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Robert Kelleher sold 16,818 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $80.00, for a total value of $1,345,440.00. Following the completion of the transaction, the insider directly owned 15,470 shares in the company, valued at $1,237,600. The trade was a 52.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 94,019 shares of company stock worth $8,828,330 in the last three months. 4.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OKTA shares. BMO Capital Markets increased their price objective on Okta from $95.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Okta from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Thursday, March 5th. Arete Research set a $127.00 price target on Okta and gave the stock a “buy” rating in a research note on Tuesday, May 26th. UBS Group raised their price target on Okta from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, HSBC raised Okta to a “buy” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.14.

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.