1,788 Shares in Okta, Inc. $OKTA Bought by Generali Investments Management Co LLC

Generali Investments Management Co LLC bought a new stake in shares of Okta, Inc. (NASDAQ:OKTA) in the second quarter, Holdings Channel reports. The fund bought 1,788 shares of the company’s stock, valued at approximately $179,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Okta during the 2nd quarter valued at about $26,000. Harbour Investments Inc. grew its holdings in Okta by 152.4% during the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the period. Kiker Wealth Management LLC raised its position in Okta by 1,159.3% during the second quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 313 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Okta by 88.3% in the second 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 boosted 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 worth $50,000 after purchasing an additional 281 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Scotiabank dropped their price target on shares of Okta from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 27th. JMP Securities reiterated a “market perform” rating on shares of Okta in a research report on Wednesday, August 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Okta in a research note on Friday, September 26th. Finally, Robert W. Baird cut their price target on Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Twenty-two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.69.

Okta Stock Up 0.2%

Shares of NASDAQ OKTA opened at $83.94 on Monday. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 98.75, a price-to-earnings-growth ratio of 4.12 and a beta of 0.84. The company’s 50-day simple moving average is $89.82 and its 200-day simple moving average is $97.42. Okta, Inc. has a 52-week low of $71.84 and a 52-week high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share 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 firm had revenue of $728,000 billion for the quarter, compared to analyst estimates of $711.84 million. During the same period last year, the company posted $0.72 EPS. Okta’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 anticipate that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Larissa Schwartz sold 3,348 shares of the stock in a transaction on Wednesday, September 17th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jonathan James Addison sold 6,091 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the transaction, the executive owned 7,067 shares in the company, valued at $654,474.87. The trade was a 46.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 64,975 shares of company stock valued at $6,011,126. 5.68% of the stock is owned by corporate insiders.

About Okta

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.