Swedbank AB Has $157.30 Million Stock Holdings in Okta, Inc. $OKTA

Swedbank AB raised its position in Okta, Inc. (NASDAQ:OKTA) by 124.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,819,081 shares of the company’s stock after buying an additional 1,007,915 shares during the quarter. Swedbank AB’s holdings in Okta were worth $157,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd acquired a new position in Okta in the 4th quarter valued at $424,000. Legato Capital Management LLC acquired a new position in Okta in the 4th quarter valued at $326,000. ABN Amro Investment Solutions acquired a new position in Okta in the 4th quarter valued at $968,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Okta in the 4th quarter valued at $11,199,000. Finally, PNC Financial Services Group Inc. grew its holdings in Okta by 4.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,745 shares of the company’s stock valued at $929,000 after buying an additional 487 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Okta Stock Up 3.1%

Shares of OKTA stock opened at $92.24 on Friday. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $127.52. The company has a market cap of $16.32 billion, a P/E ratio of 70.41, a P/E/G ratio of 3.59 and a beta of 0.59. The business has a fifty day simple moving average of $77.88 and a 200 day simple moving average of $82.57.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The business had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. During the same period in the prior year, the company earned $0.78 EPS. Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, equities research analysts anticipate that Okta, Inc. will post 1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OKTA shares. Stephens reduced their target price on Okta from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. HSBC raised Okta to a “buy” rating in a report on Thursday, April 16th. Jefferies Financial Group reduced their target price on Okta from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Cantor Fitzgerald reduced their target price on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Seaport Research Partners lowered Okta to a “neutral” rating in a report on Thursday, April 16th. Thirty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.86.

Insider Buying and Selling at Okta

In related news, insider Larissa Schwartz sold 1,054 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $84,320.00. Following the completion of the sale, the insider directly owned 48,448 shares in the company, valued at $3,875,840. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 2,409 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $80.00, for a total value of $192,720.00. Following the sale, the insider owned 15,470 shares of the company’s stock, valued at approximately $1,237,600. This represents a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,884 shares of company stock worth $5,625,648 over the last quarter. 4.61% of the stock is currently owned by company insiders.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Jefferies said Okta could beat its Q1 bookings target and kept a Buy rating with a $105 price target, pointing to attractive valuation ahead of earnings. Article Title
• Positive Sentiment: Oppenheimer also said Okta may deliver modest upside to fiscal Q1 revenue estimates, reinforcing expectations for a solid earnings report. Article Title
• Positive Sentiment: Okta was named a Leader in Forrester’s 2026 Workforce Identity Security Platforms report, which supports the company’s competitive position in identity security. Article Title
• Positive Sentiment: BTIG raised its price target to $105 and kept a Buy rating, adding to the constructive analyst sentiment around OKTA. Article Title
• Neutral Sentiment: Okta is holding an AI identity webcast and continuing to highlight AI agents as an identity-security opportunity, but this is more of a strategic narrative than an immediate financial catalyst. Article Title
• Negative Sentiment: Director Shellye Archambeau sold 2,500 shares in a pre-arranged 10b5-1 transaction, which may slightly weigh on sentiment even though it was not an open-market bearish signal. SEC filing

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.