TD Asset Management Inc Buys 83,265 Shares of Okta, Inc. $OKTA

TD Asset Management Inc increased its stake in Okta, Inc. (NASDAQ:OKTA) by 515.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,415 shares of the company’s stock after purchasing an additional 83,265 shares during the period. TD Asset Management Inc owned 0.06% of Okta worth $9,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised 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 valued at $26,000 after acquiring an additional 154 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Okta during the 1st quarter valued at $27,000. Harbour Investments Inc. raised its position in shares of Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of Okta during the 2nd quarter valued at $26,000. Finally, Rossby Financial LCC bought a new stake in shares of Okta during the 1st quarter valued at $31,000. Institutional investors own 86.64% of the company’s stock.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 3,348 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $90.17, for a total value of $301,889.16. Following the completion of the transaction, the insider directly owned 39,155 shares of the company’s stock, valued at approximately $3,530,606.35. This represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was 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 directly 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. In the last 90 days, insiders sold 104,249 shares of company stock worth $9,809,471. Company insiders own 5.68% of the company’s stock.

Okta Trading Down 0.3%

Shares of NASDAQ OKTA opened at $87.43 on Friday. The firm has a market cap of $15.31 billion, a PE ratio of 102.86, a PEG 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. The company has a fifty day moving average price of $91.23 and a 200 day moving average price of $99.13.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The firm had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. 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 forecast that Okta, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

OKTA has been the subject of several recent research reports. Canaccord Genuity Group upgraded shares of 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 report on Tuesday, August 26th. Scotiabank dropped their target price on shares of Okta from $115.00 to $105.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 27th. Arete Research raised shares of Okta to a “strong sell” rating and set a $83.00 price target for the company in a report on Monday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Okta in a report on Friday, September 26th. Finally, Bank of America reissued an “underperform” rating and issued a $75.00 price target on shares of Okta in a report on Wednesday, August 27th. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $118.94.

Okta Company 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.