Frazier Financial Advisors LLC Makes New $75,000 Investment in Okta, Inc. $OKTA

Frazier Financial Advisors LLC purchased a new position in shares of Okta, Inc. (NASDAQ:OKTA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 753 shares of the company’s stock, valued at approximately $75,000.

Other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC boosted its holdings in shares of Okta by 167.4% during the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after acquiring an additional 154 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Okta in the first quarter valued at approximately $27,000. Harbour Investments Inc. boosted its stake in shares of Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 157 shares during the period. Pinnacle Bancorp Inc. bought a new stake in shares of Okta in the second quarter valued at approximately $26,000. Finally, Rossby Financial LCC bought a new stake in shares of Okta in the first quarter valued at approximately $31,000. Institutional investors own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OKTA shares. Citigroup restated a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Robert W. Baird dropped their target price on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Jefferies Financial Group increased their price target on Okta from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Westpark Capital reiterated a “buy” rating and issued a $140.00 price target on shares of Okta in a research note on Wednesday, August 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $130.00 price target on shares of Okta in a research note on Wednesday, August 27th. Twenty-two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Okta presently has a consensus rating of “Hold” and a consensus target price of $118.94.

Okta Price Performance

Shares of OKTA opened at $90.14 on Tuesday. The stock has a 50-day moving average of $91.76 and a 200-day moving average of $99.57. The company has a market cap of $15.78 billion, a PE ratio of 106.05, a P/E/G ratio of 4.39 and a beta of 0.84. Okta, Inc. has a one year low of $70.92 and a one year high of $127.57.

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

Insider Activity at Okta

In related news, insider Eric Robert Kelleher sold 2,410 shares of Okta stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total value of $221,069.30. Following the completion of the transaction, the insider directly owned 9,174 shares in the company, valued at approximately $841,531.02. The trade was a 20.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $92.61, for a total transaction of $564,087.51. Following the completion of the transaction, the executive owned 7,067 shares of the company’s stock, valued at $654,474.87. This represents a 46.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,249 shares of company stock worth $10,759,471 over the last 90 days. Corporate insiders own 5.68% of the company’s stock.

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.