Fox Run Management L.L.C. Invests $1.20 Million in Okta, Inc. $OKTA

Fox Run Management L.L.C. bought a new stake in Okta, Inc. (NASDAQ:OKTA) during the second quarter, Holdings Channel reports. The institutional investor bought 12,023 shares of the company’s stock, valued at approximately $1,202,000.

A number of other large investors have also recently bought and sold shares of OKTA. Pinnacle Bancorp Inc. purchased a new position in Okta during the 2nd quarter worth $26,000. Harbour Investments Inc. boosted its stake in shares of Okta by 152.4% during the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after buying an additional 157 shares during the period. Kiker Wealth Management LLC grew its holdings in shares of Okta by 1,159.3% during the second quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after buying an additional 313 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Okta by 88.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock valued at $34,000 after acquiring an additional 159 shares during the period. Finally, V Square Quantitative Management LLC increased its position in Okta by 126.0% in the 2nd quarter. V Square Quantitative Management LLC now owns 504 shares of the company’s stock valued at $50,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OKTA. BTIG Research reaffirmed a “buy” rating and set a $142.00 price objective on shares of Okta in a research report on Friday, September 26th. Citigroup reaffirmed a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Okta in a research report on Friday, September 26th. Cantor Fitzgerald restated an “overweight” rating and set a $130.00 price objective on shares of Okta in a research report on Wednesday, August 27th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $75.00 target price on shares of Okta in a 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 issued a Sell rating to the company’s stock. According to MarketBeat, Okta presently has a consensus rating of “Hold” and a consensus price target of $118.94.

Insider Transactions at Okta

In related news, CEO Todd Mckinnon sold 31,968 shares of Okta stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jonathan James Addison sold 6,091 shares of the business’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 sale, the executive owned 7,067 shares in the company, valued at approximately $654,474.87. The trade was a 46.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 63,657 shares of company stock worth $5,898,754 over the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

Okta Stock Down 0.8%

Shares of NASDAQ OKTA opened at $85.21 on Friday. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 100.25, a price-to-earnings-growth ratio of 4.18 and a beta of 0.84. Okta, Inc. has a 52 week low of $71.84 and a 52 week high of $127.57. The firm has a 50-day moving average price of $90.41 and a 200 day moving average price of $98.21.

Okta (NASDAQ:OKTA) last issued its earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Okta, Inc. will post 0.42 EPS 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.