Dynamic Technology Lab Private Ltd Acquires New Shares in Okta, Inc. $OKTA

Dynamic Technology Lab Private Ltd bought a new position in Okta, Inc. (NASDAQ:OKTA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,555 shares of the company’s stock, valued at approximately $3,155,000. Okta accounts for approximately 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Alkeon Capital Management LLC acquired a new position in shares of Okta during the first quarter worth approximately $199,918,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 purchasing an additional 1,189,222 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Okta by 52.1% in the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock worth $274,370,000 after purchasing an additional 939,589 shares during the period. Vanguard Group Inc. grew its position in Okta by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock valued at $1,872,263,000 after buying an additional 935,364 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Okta by 20.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock valued at $445,432,000 after buying an additional 755,709 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OKTA. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price target on shares of Okta in a research note on Friday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Okta in a report on Wednesday, August 27th. Bank of America reaffirmed an “underperform” rating and set a $75.00 price target on shares of Okta in a research note on Wednesday, August 27th. Canaccord Genuity Group upgraded Okta from a “hold” rating to a “buy” rating and lifted their price target for the company from $115.00 to $120.00 in a research report on Tuesday, August 26th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $130.00 price objective on shares of Okta in a report on Wednesday, August 27th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.33.

Insider Activity at Okta

In other 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 filing with the SEC, which is available at this link. Also, insider Eric Robert Kelleher sold 2,410 shares of Okta stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total value of $221,069.30. Following the transaction, the insider owned 9,174 shares in the company, valued at $841,531.02. This represents a 20.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 64,975 shares of company stock worth $6,011,126. Insiders own 5.68% of the company’s stock.

Okta Stock Down 1.2%

Shares of NASDAQ OKTA opened at $80.09 on Thursday. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 94.22, a PEG ratio of 3.98 and a beta of 0.84. The stock’s fifty day simple moving average is $89.13 and its 200 day simple moving average is $96.87. Okta, Inc. has a 52-week low of $72.88 and a 52-week high of $127.57.

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

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.