Apollon Wealth Management LLC Invests $234,000 in Okta, Inc. $OKTA

Apollon Wealth Management LLC acquired a new position in shares of Okta, Inc. (NASDAQ:OKTA) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,339 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC lifted its position in shares of Okta by 167.4% during the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in Okta during the 2nd quarter worth $26,000. Wayfinding Financial LLC purchased a new stake in Okta in the first quarter valued at $27,000. Harbour Investments Inc. boosted its stake in 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 acquiring an additional 157 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Okta in the first quarter valued at $31,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Price Performance

Shares of OKTA stock opened at $87.43 on Friday. The business’s fifty day moving average price is $91.23 and its 200 day moving average price is $99.13. The firm has a market capitalization of $15.31 billion, a PE ratio of 102.86, a P/E/G ratio of 4.29 and a beta of 0.84. Okta, Inc. has a 1-year low of $70.92 and a 1-year high of $127.57.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 EPS 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 firm had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. During the same quarter last year, the business earned $0.72 earnings per share. The business’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. Equities research analysts expect that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OKTA shares. BMO Capital Markets decreased their target price on Okta from $132.00 to $112.00 and set a “market perform” rating for the company in a research report on Wednesday, August 27th. Barclays boosted their price objective on Okta from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Robert W. Baird lowered their target price on shares of Okta from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Finally, Guggenheim reiterated a “buy” rating and issued a $138.00 price target on shares of Okta in a research report on Wednesday, August 27th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Okta currently has a consensus rating of “Hold” and an average price target of $118.94.

Insider Buying and Selling at Okta

In related news, insider Larissa Schwartz sold 3,348 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total value of $301,889.16. Following the sale, the insider directly owned 39,155 shares in the company, valued at $3,530,606.35. The trade was a 7.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 133,336 shares in the company, valued at $12,666,920. This trade represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,249 shares of company stock worth $9,809,471. Insiders own 5.68% of the company’s stock.

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.