Y Intercept Hong Kong Ltd Increases Stock Position in Okta, Inc. $OKTA

Y Intercept Hong Kong Ltd boosted its stake in Okta, Inc. (NASDAQ:OKTA) by 60.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,545 shares of the company’s stock after purchasing an additional 11,557 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Okta were worth $3,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Okta by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company’s stock valued at $1,872,167,000 after purchasing an additional 582,956 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Okta by 325.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock valued at $389,308,000 after acquiring an additional 2,830,582 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Okta by 76.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock valued at $289,234,000 after acquiring an additional 1,189,222 shares during the last quarter. Ninety One UK Ltd grew its position in Okta by 52.1% during the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock valued at $274,370,000 after acquiring an additional 939,589 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Okta by 5.2% during the first quarter. Ameriprise Financial Inc. now owns 2,014,665 shares of the company’s stock valued at $211,982,000 after acquiring an additional 100,411 shares during the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CRO Jonathan James Addison sold 6,091 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the sale, the executive owned 7,067 shares of the company’s stock, valued at $654,474.87. This trade represents a 46.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Robert Kelleher sold 2,410 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total value of $221,069.30. Following the completion of the sale, the insider directly owned 9,174 shares of the company’s stock, valued at $841,531.02. The trade was a 20.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 63,657 shares of company stock valued at $5,898,754 over the last three months. Insiders own 5.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on OKTA shares. Arete started coverage on shares of Okta in a research report on Monday, July 7th. They set a “sell” rating and a $83.00 price target on the stock. Barclays increased their price target on shares of Okta from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Okta from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. DA Davidson reiterated a “buy” rating and set a $140.00 price target on shares of Okta in a research report on Friday, September 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Okta in a research report on Friday, September 26th. Twenty-two investment 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.com, the company currently has an average rating of “Hold” and an average price target of $118.94.

Okta Stock Performance

Shares of Okta stock opened at $87.65 on Thursday. Okta, Inc. has a 52-week low of $70.92 and a 52-week high of $127.57. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 103.12, a P/E/G ratio of 4.38 and a beta of 0.84. The company’s 50 day moving average price is $90.96 and its 200-day moving average price is $98.68.

Okta (NASDAQ:OKTA) last issued its 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 for 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 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. As a group, equities research analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

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.