Yousif Capital Management LLC Has $5.67 Million Stake in Okta, Inc. $OKTA

Yousif Capital Management LLC boosted its position in shares of Okta, Inc. (NASDAQ:OKTA) by 2,586.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,721 shares of the company’s stock after buying an additional 54,610 shares during the period. Yousif Capital Management LLC’s holdings in Okta were worth $5,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. TD Private Client Wealth LLC lifted its holdings 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 worth $59,000 after acquiring an additional 92 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Okta by 5.7% in the first quarter. Allworth Financial LP now owns 1,708 shares of the company’s stock worth $173,000 after acquiring an additional 92 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Okta by 12.6% in the first quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock worth $89,000 after acquiring an additional 92 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Okta by 18.9% in the first quarter. First Horizon Advisors Inc. now owns 678 shares of the company’s stock worth $71,000 after acquiring an additional 108 shares during the last quarter. Finally, Norden Group LLC lifted its holdings in shares of Okta by 3.7% in the second quarter. Norden Group LLC now owns 3,260 shares of the company’s stock worth $326,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $140.00 target price on shares of Okta in a report on Friday, September 26th. Zacks Research cut shares of Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. BTIG Research reiterated a “buy” rating and issued a $142.00 price objective on shares of Okta in a report on Friday, September 26th. Scotiabank dropped their price objective on shares of Okta from $115.00 to $105.00 and set a “sector perform” rating for the company in a report on Wednesday, August 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $130.00 price objective on shares of Okta in a report on Wednesday, August 27th. Twenty-two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $118.94.

Okta Stock Performance

Okta stock opened at $89.08 on Wednesday. Okta, Inc. has a 52-week low of $70.92 and a 52-week high of $127.57. The firm has a 50 day moving average price of $91.62 and a two-hundred day moving average price of $99.49. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 104.80, a PEG ratio of 4.42 and a beta of 0.84.

Okta (NASDAQ:OKTA) last released its quarterly 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. Okta had a net margin of 6.08% and a return on equity of 3.31%. The firm had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue 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. As a group, equities research analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Insider Activity

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

Okta 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.