Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 61,534 Okta, Inc. $OKTA

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Okta, Inc. (NASDAQ:OKTA) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 61,534 shares of the company’s stock, valued at approximately $4,843,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Okta during the first quarter worth about $225,000. NewEdge Advisors LLC boosted its position in Okta by 853.4% during the first quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after acquiring an additional 4,950 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Okta in the 2nd quarter worth approximately $244,000. Invesco Ltd. grew its stake in Okta by 34.1% in the 2nd quarter. Invesco Ltd. now owns 430,844 shares of the company’s stock worth $43,071,000 after acquiring an additional 109,614 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Okta by 122.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock valued at $162,000 after acquiring an additional 893 shares during the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKTA has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on Okta from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. UBS Group lifted their price objective on Okta from $115.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Zacks Research downgraded Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Needham & Company LLC raised their price target on Okta from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald raised their price target on Okta from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Okta presently has a consensus rating of “Moderate Buy” and an average price target of $120.42.

Okta Stock Performance

Okta stock opened at $149.35 on Friday. The firm has a market capitalization of $25.96 billion, a PE ratio of 108.23, a price-to-earnings-growth ratio of 5.31 and a beta of 0.77. Okta, Inc. has a one year low of $62.66 and a one year high of $157.00. The stock’s 50 day moving average price is $118.22 and its 200 day moving average price is $94.07.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data 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. Okta had a net margin of 8.24% and a return on equity of 4.15%. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. During the same quarter last year, the company earned $0.86 earnings per share. Okta’s revenue for the quarter was up 11.2% on a year-over-year basis. 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, analysts forecast that Okta, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Transactions at Okta

In other Okta news, Director Shellye L. Archambeau sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the completion of the sale, the director owned 9,192 shares in the company, valued at $781,320. This trade represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of Okta stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $114.10, for a total value of $453,775.70. Following the sale, the insider owned 19,618 shares in the company, valued at $2,238,413.80. This represents a 16.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 174,224 shares of company stock valued at $22,534,353 in the last three months. 4.61% of the stock is currently owned by company insiders.

About Okta

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.