Quent Capital LLC Buys 190 Shares of Okta, Inc. $OKTA

Quent Capital LLC boosted its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 7.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,592 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Quent Capital LLC’s holdings in Okta were worth $259,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. TD Private Client Wealth LLC boosted its position in shares of Okta by 19.6% in the first quarter. TD Private Client Wealth LLC now owns 561 shares of the company’s stock valued at $59,000 after acquiring an additional 92 shares during the period. Allworth Financial LP boosted its position in shares of Okta by 5.7% in the first quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock valued at $173,000 after acquiring an additional 92 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Okta by 12.6% in the first quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after acquiring an additional 92 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Okta by 7.2% in the first quarter. GPS Wealth Strategies Group LLC now owns 1,484 shares of the company’s stock valued at $156,000 after acquiring an additional 100 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Okta by 18.9% in the first quarter. First Horizon Advisors Inc. now owns 678 shares of the company’s stock valued at $71,000 after acquiring an additional 108 shares during the period. 86.64% of the stock is owned by institutional investors.

Okta Stock Performance

Shares of OKTA stock opened at $93.30 on Friday. The stock’s fifty day moving average is $92.49 and its 200-day moving average is $100.56. The stock has a market capitalization of $16.33 billion, a PE ratio of 109.76, a PEG ratio of 4.58 and a beta of 0.84. Okta, Inc. has a 52 week low of $70.92 and a 52 week high of $127.57.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, August 26th. The company reported $0.91 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 analysts’ expectations of $711.84 million. Okta had a return on equity of 3.31% and a net margin of 6.08%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Truist Financial raised Okta from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $125.00 in a research report on Monday, August 25th. Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Citigroup restated a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Finally, Canaccord Genuity Group upgraded Okta from a “hold” rating to a “buy” rating and upped their target price for the company from $115.00 to $120.00 in a research note on Tuesday, August 26th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $118.94.

Insider Transactions at Okta

In related news, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the sale, the executive directly owned 7,067 shares in the company, valued at $654,474.87. This trade represents a 46.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the sale, the chief financial officer owned 132,288 shares of the company’s stock, valued at approximately $12,567,360. The trade was a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,003 shares of company stock valued at $12,819,238. 5.68% of the stock is currently owned by insiders.

About Okta

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.