Kiker Wealth Management LLC Acquires 313 Shares of Okta, Inc. $OKTA

Kiker Wealth Management LLC lifted its holdings in Okta, Inc. (NASDAQ:OKTA) by 1,159.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 340 shares of the company’s stock after purchasing an additional 313 shares during the period. Kiker Wealth Management LLC’s holdings in Okta were worth $34,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OKTA. Vanguard Group Inc. boosted its position in Okta by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock valued at $1,872,167,000 after acquiring an additional 582,956 shares in the last quarter. Trek Financial LLC purchased a new stake in shares of Okta during the 1st quarter worth $426,000. Focus Partners Advisor Solutions LLC bought a new stake in Okta during the first quarter valued at about $515,000. Stephens Investment Management Group LLC boosted its position in Okta by 10.4% during the first quarter. Stephens Investment Management Group LLC now owns 499,125 shares of the company’s stock valued at $52,518,000 after purchasing an additional 46,818 shares in the last quarter. Finally, Machina Capital S.A.S. grew its stake in Okta by 63.1% in the first quarter. Machina Capital S.A.S. now owns 7,727 shares of the company’s stock valued at $813,000 after purchasing an additional 2,988 shares during the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. BTIG Research reissued a “buy” rating and set a $142.00 price target on shares of Okta in a research report on Friday, September 26th. Guggenheim reissued a “buy” rating and set a $138.00 target price on shares of Okta in a research report on Wednesday, August 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Okta in a research note on Friday, September 26th. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Finally, Truist Financial upgraded 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 report on Monday, August 25th. Twenty-two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Okta presently has an average rating of “Hold” and a consensus price target of $118.94.

Insider Activity

In other Okta news, CEO Todd Mckinnon sold 31,968 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $92.33, for a total transaction of $2,951,605.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the sale, the chief financial officer owned 133,336 shares of the company’s stock, valued at approximately $12,666,920. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,249 shares of company stock valued at $10,759,471. 5.68% of the stock is owned by insiders.

Okta Trading Down 1.2%

NASDAQ:OKTA opened at $89.08 on Wednesday. The company has a market capitalization of $15.60 billion, a P/E ratio of 104.80, a PEG ratio of 4.42 and a beta of 0.84. Okta, Inc. has a 12 month low of $70.92 and a 12 month high of $127.57. The firm has a fifty day simple moving average of $91.62 and a 200-day simple moving average of $99.49.

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

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.