Rakuten Investment Management Inc. Invests $1.47 Million in Okta, Inc. $OKTA

Rakuten Investment Management Inc. purchased a new position in Okta, Inc. (NASDAQ:OKTA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,022 shares of the company’s stock, valued at approximately $1,469,000.

Several other hedge funds also recently made changes to their positions in OKTA. Root Financial Partners LLC bought a new position in Okta during the 3rd quarter valued at approximately $26,000. Promus Capital LLC bought a new position in shares of Okta in the second quarter worth about $27,000. Kiker Wealth Management LLC raised its stake in Okta by 1,159.3% during the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 313 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Okta by 88.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock valued at $34,000 after buying an additional 159 shares in the last quarter. Finally, Financial Consulate Inc. bought a new position in Okta in the 3rd quarter worth $40,000. 86.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OKTA has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Okta in a report on Wednesday, December 3rd. Morgan Stanley decreased their price target on shares of Okta from $123.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. DA Davidson reissued a “buy” rating and set a $140.00 price objective on shares of Okta in a report on Wednesday, December 3rd. Royal Bank Of Canada boosted their target price on Okta from $97.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Okta in a research note on Monday, January 12th. Twenty-five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and an average price target of $113.88.

Okta Price Performance

OKTA stock opened at $90.76 on Friday. The business has a 50-day moving average price of $87.23 and a 200 day moving average price of $90.06. Okta, Inc. has a 1-year low of $75.05 and a 1-year high of $127.57. The company has a market capitalization of $16.09 billion, a P/E ratio of 83.27, a PEG ratio of 4.28 and a beta of 0.76.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The firm had revenue of $742.00 million for the quarter, compared to the consensus estimate of $730.23 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. On average, analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta announced that its board has initiated a stock repurchase program on Monday, January 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 1,899 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total transaction of $172,315.26. Following the sale, the insider directly owned 38,164 shares of the company’s stock, valued at approximately $3,463,001.36. This represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the transaction, the chief financial officer owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. This trade represents a 6.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 36,727 shares of company stock worth $3,344,746. Insiders own 5.68% of the company’s stock.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta plans to launch local data centers in India, which should help win enterprise customers subject to local data residency rules and support growth in a large, fast-growing market. Okta to launch local data centers in India
• Positive Sentiment: Brokerage coverage remains constructive — analysts give OKTA an average recommendation of “Moderate Buy,” which can support the stock by validating revenue and profit progress. Analyst recommendation: Moderate Buy
• Neutral Sentiment: Analysis pieces note Okta’s improving profitability but warn its credibility has not fully recovered since prior breaches; this frames investor debate between fundamentals and reputational risk. Okta’s profits up but credibility hasn’t recovered
• Negative Sentiment: Multiple reports describe a wave of “vishing” (voice-phishing) toolkits and claims by the ShinyHunters group targeting SSO accounts, with alleged customer data leaks — these developments raise fresh security and trust concerns for an identity-security vendor and are the likely proximate cause of downward pressure on the stock. Vishing kits attack SSO accounts ShinyHunters claim responsibility Voice phishing claims

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.