7,395 Shares of Okta, Inc. $OKTA Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. purchased a new position in Okta, Inc. (NASDAQ:OKTA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,395 shares of the company’s stock, valued at approximately $1,546,000.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in Okta by 71.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock valued at $281,209,000 after buying an additional 1,485,963 shares during the period. Quantinno Capital Management LP raised its stake in Okta by 114.3% in the first quarter. Quantinno Capital Management LP now owns 746,009 shares of the company’s stock worth $58,718,000 after buying an additional 397,951 shares in the last quarter. Swedbank AB lifted its holdings in Okta by 21.9% during the first quarter. Swedbank AB now owns 2,216,588 shares of the company’s stock worth $174,468,000 after buying an additional 397,507 shares during the period. Junto Capital Management LP purchased a new stake in Okta during the second quarter worth $45,486,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Okta by 192.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 487,202 shares of the company’s stock worth $101,879,000 after buying an additional 320,849 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analyst upgrade supports sentiment. Zacks Research upgraded Okta from “hold” to “strong buy,” potentially encouraging additional investor interest. Zacks Research analyst rating
• Positive Sentiment: Strong cash generation differentiates Okta. A comparison with monday.com highlighted Okta’s fiscal 2026 revenue growth of 12%, $863 million in free cash flow, and a 28% free-cash-flow margin in its latest quarter. Those figures reinforce the company’s financial flexibility and recurring-revenue profile. Monday.com versus Okta comparison
• Positive Sentiment: AI-agent security is creating a potential growth opportunity. Okta executives said risk leaders increasingly want assurance that companies can control AI agents and distinguish legitimate agents from malicious bots. The trend could increase demand for identity, authentication, and access-management solutions. Okta AI-agent security article
• Neutral Sentiment: Cybersecurity remains a powerful but volatile theme. A surge in AI-discovered vulnerabilities is increasing attention on cybersecurity providers, which may benefit Okta’s category, but the broader group has already experienced substantial gains and sharp trading swings. Cybersecurity stock market article
• Negative Sentiment: Valuation leaves limited room for disappointment. Okta is trading above the reported analyst consensus price target of $202.38, while its elevated valuation makes investors more sensitive to any slowdown in growth or weaker guidance. Okta consensus price target

Okta Stock Performance

Okta stock opened at $222.66 on Thursday. The stock has a market cap of $38.93 billion, a PE ratio of 134.13, a price-to-earnings-growth ratio of 6.63 and a beta of 0.73. The stock has a 50-day moving average of $189.69 and a two-hundred day moving average of $123.45. Okta, Inc. has a one year low of $62.66 and a one year high of $235.00.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. Okta had a return on equity of 4.50% and a net margin of 9.63%. The business had revenue of $805.00 million for the quarter, compared to analyst estimates of $793.00 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. As a group, sell-side analysts predict that Okta, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OKTA has been the topic of several recent research reports. Zacks Research raised Okta from a “hold” rating to a “strong-buy” rating in a research report on Monday. Piper Sandler boosted their price target on Okta from $105.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. UBS Group upped their price objective on Okta from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Truist Financial upped their price objective on Okta from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Finally, Morgan Stanley raised their price objective on Okta from $200.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.38.

Insider Buying and Selling at Okta

In other Okta news, CFO Brett Tighe sold 41,251 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the transaction, the chief financial officer owned 7,693 shares in the company, valued at approximately $1,249,650.92. This represents a 84.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $193.48, for a total value of $9,446,080.56. Following the completion of the transaction, the chief executive officer owned 44,029 shares of the company’s stock, valued at $8,518,730.92. This trade represents a 52.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 137,766 shares of company stock worth $23,927,112. 4.61% of the stock is owned by corporate insiders.

Okta Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.