Wellington Management Group LLP Cuts Holdings in Okta, Inc. $OKTA

Wellington Management Group LLP decreased its position in Okta, Inc. (NASDAQ:OKTA) by 18.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,457,153 shares of the company’s stock after selling 338,903 shares during the period. Wellington Management Group LLP’s holdings in Okta were worth $198,829,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Okta in the 1st quarter valued at 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 purchasing an additional 4,950 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Okta during the second quarter worth approximately $244,000. Invesco Ltd. grew its holdings in Okta by 34.1% in the second quarter. Invesco Ltd. now owns 430,844 shares of the company’s stock valued at $43,071,000 after purchasing an additional 109,614 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Okta by 122.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock valued at $162,000 after purchasing an additional 893 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Buying and Selling at Okta

In related news, CFO Brett Tighe sold 65,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $117.25, for a total transaction of $7,621,250.00. Following the completion of the sale, the chief financial officer owned 119,680 shares of the company’s stock, valued at approximately $14,032,480. This represents a 35.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $114.10, for a total transaction of $453,775.70. Following the completion of the sale, the insider owned 19,618 shares of the company’s stock, valued at approximately $2,238,413.80. The trade was a 16.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 140,376 shares of company stock valued at $18,477,982. Corporate insiders own 4.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OKTA. Wells Fargo & Company raised Okta from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $150.00 to $180.00 in a research note on Monday, August 17th. Citizens Jmp lifted their price target on shares of Okta from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Thursday, August 27th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley upped their price objective on shares of Okta from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Okta from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Okta has an average rating of “Moderate Buy” and a consensus target price of $172.92.

Okta Price Performance

NASDAQ OKTA opened at $173.04 on Tuesday. The stock’s 50 day simple moving average is $142.48 and its 200-day simple moving average is $106.25. The company has a market cap of $30.08 billion, a PE ratio of 104.24, a price-to-earnings-growth ratio of 5.76 and a beta of 0.77. Okta, Inc. has a 1-year low of $62.66 and a 1-year high of $174.85.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.96 by $0.09. The firm had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. Okta had a return on equity of 4.50% and a net margin of 9.63%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, equities research analysts anticipate that Okta, Inc. will post 1.77 EPS for the current fiscal year.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta reported fiscal Q2 revenue of $805 million, up 11% year over year, while non-GAAP EPS of $1.05 exceeded the $0.96 consensus estimate. Subscription backlog also remained strong, with remaining performance obligations increasing 17%, supporting expectations for continued demand. Okta gains as investors continue to digest strong quarterly results and a higher outlook
• Positive Sentiment: Management raised fiscal 2027 guidance to $3.216 billion–$3.226 billion in revenue and $3.90–$3.94 in non-GAAP EPS, reinforcing investor confidence in the company’s earnings trajectory. Why Okta Stock Skyrocketed This Week
• Positive Sentiment: Analyst sentiment has improved following the earnings report. Needham raised its price target to a Street-high $200, while other coverage highlights Okta’s margins, free cash flow, enterprise demand, and potential to secure AI agents and non-human identities. Okta Stock Just Got a New Street-High Price Target
• Positive Sentiment: The acquisition of Permiso Security adds cloud-native identity threat-detection capabilities and strengthens Okta’s positioning in the growing AI identity-security market. OKTA’s AI Security Push Gains Momentum Against CRWD and MSFT
• Neutral Sentiment: Institutional positioning was mixed, with 451 investors adding shares and 441 reducing positions in the latest quarter. A broader digital-identity market report points to long-term demand from passkeys, biometrics, and fraud prevention, but does not represent a direct company catalyst. Global Digital Identity and Trust Infrastructure Market 2026
• Negative Sentiment: Valuation and execution risks remain. Okta trades at a premium after its recent rally, while Microsoft and CrowdStrike intensify competition in identity and cybersecurity. Reported insider activity was also heavily weighted toward sales, including transactions by senior executives.

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.