3,565 Okta, Inc. $OKTA Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of Okta, Inc. (NASDAQ:OKTA) by 29.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,432 shares of the company’s stock after selling 3,565 shares during the period. Oppenheimer & Co. Inc.’s holdings in Okta were worth $1,763,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Burkett Financial Services LLC purchased a new position in Okta during the 3rd quarter valued at about $26,000. Washington Trust Advisors Inc. lifted its position in shares of Okta by 64.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 77 shares during the period. Polaris Financial Partners bought a new stake in shares of Okta during the 3rd quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Okta by 279.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 218 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Okta by 81.1% during the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $57,000 after purchasing an additional 322 shares in the last quarter. 86.64% of the stock is owned by institutional investors.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta was viewed favorably versus SentinelOne because of stronger profitability, robust cash flow and expanding capabilities for securing AI agents. However, the comparison also noted that Okta’s revenue growth is slower. OKTA vs. S: Which Enterprise Cybersecurity Stock Has an Edge Now?
• Positive Sentiment: Okta is expanding its Agent Identity Platform and has reported multimillion-dollar customer wins and new tools aimed at securing AI agents. The opportunity could support future growth, although adoption has not yet translated into a significant revenue contribution. Can Okta’s Agent Identity Platform Capture the AI Security Opportunity?
• Positive Sentiment: CNBC coverage highlighted Okta as one of Josh Brown’s preferred stocks, while noting that he was trading around a pullback. The endorsement may reinforce the bullish investment case but is not a change to Okta’s fundamentals. There’s a cybersecurity stock on Josh Brown’s list that’s pulling back
• Neutral Sentiment: Analyst coverage emphasized that OKTA has risen about 157.5% year to date on demand for identity security and AI, but investors must balance that momentum against slower growth, competition and a premium valuation. Okta Surges 158% YTD: Should Investors Hold the Stock Now?
• Negative Sentiment: Reports alleged that records belonging to more than 40,000 DHS employees were leaked and published online via DDoSecrets. Okta said its core systems were not compromised, which may limit direct operational concerns, but the incident still creates reputational and cybersecurity risk. Over 40,000 U.S. DHS employee records allegedly leaked via Okta

Okta Price Performance

Shares of NASDAQ OKTA opened at $208.24 on Friday. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $235.00. The stock has a market cap of $36.40 billion, a P/E ratio of 125.45, a price-to-earnings-growth ratio of 6.48 and a beta of 0.73. The firm has a 50-day moving average of $192.78 and a 200 day moving average of $124.67.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The business had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Research analysts expect that Okta, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OKTA has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on shares of Okta from $195.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Canaccord Genuity Group lifted their price objective on Okta from $115.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. upped their target price on Okta from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Needham & Company LLC increased their target price on Okta from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Finally, UBS Group increased their target price on Okta from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.38.

Insider Buying and Selling

In other Okta news, CFO Brett Tighe sold 41,251 shares of Okta stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer owned 7,693 shares in the company, valued at approximately $1,249,650.92. The trade was a 84.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $183.58, for a total value of $1,173,994.10. Following the completion of the sale, the insider directly owned 18,668 shares in the company, valued at $3,427,071.44. This trade represents a 25.52% 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 137,766 shares of company stock worth $23,927,112 in the last 90 days. Insiders own 4.61% of the company’s stock.

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.