My Personal CFO LLC Has $8.80 Million Position in Okta, Inc. $OKTA

My Personal CFO LLC lifted its holdings in Okta, Inc. (NASDAQ:OKTA) by 19.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,804 shares of the company’s stock after purchasing an additional 17,999 shares during the period. Okta comprises 3.9% of My Personal CFO LLC’s holdings, making the stock its 6th biggest holding. My Personal CFO LLC’s holdings in Okta were worth $8,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKTA. Spire Wealth Management lifted its stake in Okta by 30.8% during the fourth quarter. Spire Wealth Management now owns 505 shares of the company’s stock valued at $44,000 after purchasing an additional 119 shares during the last quarter. Allworth Financial LP grew its position in Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock worth $206,000 after buying an additional 135 shares during the last quarter. Choreo LLC grew its position in Okta by 2.0% in the third quarter. Choreo LLC now owns 7,239 shares of the company’s stock worth $664,000 after buying an additional 140 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Okta by 0.6% in the fourth quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after buying an additional 163 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of Okta by 1.7% in the fourth quarter. Kestra Advisory Services LLC now owns 9,685 shares of the company’s stock valued at $837,000 after buying an additional 166 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors.

Okta Stock Performance

NASDAQ OKTA opened at $124.28 on Friday. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $142.35. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 90.06, a PEG ratio of 4.47 and a beta of 0.80. The firm’s 50 day moving average price is $97.94 and its two-hundred day moving average price is $88.30.

Okta (NASDAQ:OKTA) last announced its earnings results on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $765.00 million for the quarter, compared to the consensus estimate of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. On average, research analysts forecast that Okta, Inc. will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OKTA. Barclays raised their price objective on Okta from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Berenberg Bank boosted their target price on Okta from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Citigroup reaffirmed an “outperform” rating on shares of Okta in a report on Friday, May 29th. Zacks Research lowered Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Wall Street Zen cut Okta from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and a consensus target price of $115.97.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: BTIG raised its price target on Okta to $136 from $119 and kept a Buy rating, signaling confidence that shares can still run further after the recent rally.
• Positive Sentiment: Needham also lifted its target to $140 from $120 and reiterated Buy, reinforcing the view that Okta’s AI-related monetization and security platform remain strong growth drivers.
• Positive Sentiment: Okta’s latest quarter beat expectations on both earnings and revenue, with revenue up 11.2% year over year, which continues to support bullish sentiment. Okta earnings and stock information
• Positive Sentiment: Okta expanded its Cross App Access ecosystem to secure AI agent connections, a development that could deepen its role in enterprise AI security. Okta expands Cross App Access ecosystem
• Neutral Sentiment: Analyst coverage is mixed overall, with some firms raising targets while others remain cautious, leaving the broader rating picture constructive but not unanimous. Analysts have conflicting sentiments on Okta
• Neutral Sentiment: Shares are drawing attention as a “trending stock,” which can help trading activity but does not change the underlying fundamentals. Okta trending stock coverage
• Neutral Sentiment: Larissa Schwartz sold shares in a pre-arranged 10b5-1 plan, which is routine, though investors often view insider selling cautiously. Larissa Schwartz insider sale
• Negative Sentiment: One Seeking Alpha note downgraded Okta and warned that enthusiasm around “agentic AI” monetization may be overdone, raising the risk of a valuation correction.

Insider Activity

In other Okta news, Director David Schellhase acquired 3,712 shares of Okta stock in a transaction that occurred on Thursday, April 16th. The stock was purchased at an average cost of $72.04 per share, with a total value of $267,412.48. Following the purchase, the director owned 3,712 shares in the company, valued at approximately $267,412.48. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 65,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $117.25, for a total value of $7,621,250.00. Following the sale, the chief financial officer owned 119,680 shares of the company’s stock, valued at $14,032,480. The trade was a 35.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 114,074 shares of company stock valued at $13,128,242 in the last ninety days. Corporate insiders own 4.61% of the company’s stock.

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.