40,933 Okta, Inc. $OKTA Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Okta stake by 21%, selling 40,933 shares and retaining 154,337 shares worth approximately $32.3 million. Institutional investors collectively own 86.64% of the company.
• Analysts remain broadly positive, with Okta receiving a “Moderate Buy” consensus rating and an average price target of $202.38. Recent targets range as high as $240, although the stock was trading above consensus at $222.66.
• Okta’s latest quarterly results exceeded expectations, with adjusted EPS of $1.05 and revenue of $805 million, up 10.6% year over year. However, executives have been selling shares, and the stock’s high valuation— including a P/E ratio above 134—leaves it sensitive to weaker growth or guidance.

Asset Management One Co. Ltd. lessened its holdings in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 21.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,337 shares of the company's stock after selling 40,933 shares during the quarter. Asset Management One Co. Ltd. owned about 0.09% of Okta worth $32,273,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Burkett Financial Services LLC purchased a new position in Okta in the 3rd quarter valued at approximately $26,000. Polaris Financial Partners bought a new stake in Okta during the 3rd quarter valued at $36,000. Washington Trust Advisors Inc. lifted its position in shares of Okta by 64.2% during the second quarter. Washington Trust Advisors Inc. now owns 197 shares of the company's stock worth $27,000 after acquiring an additional 77 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Okta by 279.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company's stock worth $40,000 after acquiring an additional 218 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Okta during the third quarter worth $63,000. Hedge funds and other institutional investors own 86.64% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OKTA. New Street Research set a $235.00 price target on Okta in a research report on Thursday, September 24th. Evercore reiterated an "outperform" rating and set a $240.00 price objective on shares of Okta in a research note on Thursday, September 24th. The Goldman Sachs Group raised their target price on Okta from $126.00 to $203.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Capital One Financial set a $171.00 target price on Okta and gave the company an "overweight" rating in a report on Thursday, July 16th. Finally, Needham & Company LLC upped their price target on Okta from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Okta currently has an average rating of "Moderate Buy" and an average target price of $202.38.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analyst upgrade supports sentiment. Zacks Research upgraded Okta from “hold” to “strong buy,” potentially encouraging additional investor interest. Zacks Research analyst rating
• Positive Sentiment: Strong cash generation differentiates Okta. A comparison with monday.com highlighted Okta’s fiscal 2026 revenue growth of 12%, $863 million in free cash flow, and a 28% free-cash-flow margin in its latest quarter. Those figures reinforce the company’s financial flexibility and recurring-revenue profile. Monday.com versus Okta comparison
• Positive Sentiment: AI-agent security is creating a potential growth opportunity. Okta executives said risk leaders increasingly want assurance that companies can control AI agents and distinguish legitimate agents from malicious bots. The trend could increase demand for identity, authentication, and access-management solutions. Okta AI-agent security article
• Neutral Sentiment: Cybersecurity remains a powerful but volatile theme. A surge in AI-discovered vulnerabilities is increasing attention on cybersecurity providers, which may benefit Okta’s category, but the broader group has already experienced substantial gains and sharp trading swings. Cybersecurity stock market article
• Negative Sentiment: Valuation leaves limited room for disappointment. Okta is trading above the reported analyst consensus price target of $202.38, while its elevated valuation makes investors more sensitive to any slowdown in growth or weaker guidance. Okta consensus price target

Insider Buying and Selling at Okta

In other Okta news, CEO Todd McKinnon sold 48,822 shares of Okta stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the transaction, the chief executive officer directly owned 44,029 shares of the company's stock, valued at approximately $8,518,730.92. This trade represents a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of Okta stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 7,693 shares in the company, valued at $1,249,650.92. This trade represents a 84.28% 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 have sold 137,766 shares of company stock worth $23,927,112 over the last ninety days. Insiders own 4.61% of the company's stock.

Okta Price Performance

OKTA stock opened at $222.66 on Thursday. Okta, Inc. has a one year low of $62.66 and a one year high of $235.00. The stock has a market cap of $38.93 billion, a PE ratio of 134.13, a P/E/G ratio of 6.63 and a beta of 0.73. The firm has a 50 day simple moving average of $189.69 and a two-hundred day simple moving average of $123.45.

Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 EPS 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 firm had revenue of $805.00 million for the quarter, compared to analyst estimates of $793.00 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The business's revenue for the quarter 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. On average, research analysts expect that Okta, Inc. will post 1.92 EPS for the current fiscal year.

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.

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