Rockefeller Capital Management L.P. Boosts Stock Holdings in Okta, Inc. $OKTA

Rockefeller Capital Management L.P. raised its position in shares of Okta, Inc. (NASDAQ:OKTA) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,829 shares of the company’s stock after acquiring an additional 15,763 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.07% of Okta worth $12,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OKTA. Vanguard Group Inc. raised its stake in Okta by 3.4% in the 1st 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 during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Okta by 20.4% in the second 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of Okta by 11.1% in the second quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock worth $314,488,000 after buying an additional 314,525 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $289,234,000 after acquiring an additional 1,189,222 shares during the last quarter. Finally, Ninety One UK Ltd boosted 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 worth $274,370,000 after acquiring an additional 939,589 shares during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Okta

In other news, insider Larissa Schwartz sold 1,318 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $85.26, for a total value of $112,372.68. Following the sale, the insider directly owned 36,519 shares of the company’s stock, valued at approximately $3,113,609.94. The trade was a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $92.61, for a total transaction of $564,087.51. Following the transaction, the executive directly owned 7,067 shares of the company’s stock, valued at $654,474.87. The trade was a 46.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 64,975 shares of company stock valued at $6,011,126. 5.68% of the stock is currently owned by company insiders.

Okta Stock Down 1.2%

OKTA stock opened at $80.09 on Thursday. Okta, Inc. has a 52-week low of $72.88 and a 52-week high of $127.57. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 94.22, a price-to-earnings-growth ratio of 3.98 and a beta of 0.84. The business has a fifty day moving average of $89.13 and a two-hundred day moving average of $96.87.

Okta (NASDAQ:OKTA) last released its quarterly 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 business had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. Okta had a return on equity of 3.31% and a net margin of 6.08%.The company’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 EPS. 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, sell-side analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

OKTA has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on shares of Okta from $100.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Westpark Capital restated a “buy” rating and issued a $140.00 target price on shares of Okta in a report on Wednesday, August 27th. Finally, Barclays cut their target price on Okta from $112.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.33.

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.