Ninety One SA PTY Ltd Has $4.92 Million Holdings in Okta, Inc. $OKTA

Ninety One SA PTY Ltd boosted its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 57.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,209 shares of the company’s stock after buying an additional 18,046 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Okta were worth $4,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ninety One UK Ltd boosted its stake in shares of Okta by 52.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after acquiring an additional 939,589 shares during the period. SWS Partners lifted its holdings in Okta by 3.2% during the 2nd quarter. SWS Partners now owns 30,249 shares of the company’s stock valued at $3,024,000 after purchasing an additional 936 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Okta by 126.0% in the second quarter. V Square Quantitative Management LLC now owns 504 shares of the company’s stock valued at $50,000 after purchasing an additional 281 shares during the period. ORG Wealth Partners LLC raised its position in shares of Okta by 10.1% in the second quarter. ORG Wealth Partners LLC now owns 14,016 shares of the company’s stock valued at $1,381,000 after purchasing an additional 1,289 shares during the period. Finally, Advisors Management Group Inc. ADV raised its position in shares of Okta by 73.2% in the second quarter. Advisors Management Group Inc. ADV now owns 21,507 shares of the company’s stock valued at $2,150,000 after purchasing an additional 9,090 shares during the period. 86.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OKTA has been the topic of a number of research reports. Citigroup reiterated a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Okta in a report on Wednesday, August 27th. Zacks Research cut Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. BMO Capital Markets dropped their price target on Okta from $132.00 to $112.00 and set a “market perform” rating for the company in a report on Wednesday, August 27th. Finally, Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Twenty-two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

Insider Buying and Selling

In related news, CRO Jonathan James Addison sold 9,000 shares of Okta stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $100.00, for a total value of $900,000.00. Following the transaction, the executive directly owned 7,067 shares of the company’s stock, valued at $706,700. This trade represents a 56.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief financial officer directly owned 132,288 shares in the company, valued at $12,567,360. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,593 shares of company stock worth $12,598,168. 5.68% of the stock is owned by company insiders.

Okta Price Performance

Okta stock opened at $91.69 on Wednesday. The stock’s fifty day moving average price is $92.79 and its two-hundred day moving average price is $100.99. Okta, Inc. has a one year low of $70.92 and a one year high of $127.57. The firm has a market cap of $16.05 billion, a PE ratio of 107.87, a price-to-earnings-growth ratio of 4.61 and a beta of 0.83.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.07. The company had revenue of $728,000 billion for the quarter, compared to analyst estimates of $711.84 million. Okta had a return on equity of 3.31% and a net margin of 6.08%.Okta’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Sell-side analysts expect that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta Company Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.