Aberdeen Group plc Acquires 57,207 Shares of Okta, Inc. $OKTA

Key Points

• Aberdeen Group plc increased its stake in Okta, Inc. by 123.2% during the first quarter, acquiring an additional 57,207 shares to hold a total of 103,654 shares valued at approximately $10.9 million.
• Insiders, including CEO Todd Mckinnon, sold a combined 88,594 shares of Okta stock last quarter, indicating a notable reduction in their holdings.
• Okta reported a net margin of 4.85% and revenue of $688 million for its last quarter, surpassing analysts' expectations while projecting Q2 2026 EPS guidance between 0.830-0.840.

Aberdeen Group plc lifted its holdings in Okta, Inc. (NASDAQ:OKTA - Free Report) by 123.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,654 shares of the company's stock after acquiring an additional 57,207 shares during the period. Aberdeen Group plc owned approximately 0.06% of Okta worth $10,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Okta by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company's stock worth $1,872,167,000 after acquiring an additional 582,956 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Okta by 52.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,126 shares of the company's stock valued at $956,000 after buying an additional 4,171 shares in the last quarter. Trek Financial LLC bought a new stake in Okta in the 1st quarter valued at about $426,000. Merit Financial Group LLC bought a new stake in Okta in the 1st quarter valued at about $823,000. Finally, Stephens Investment Management Group LLC increased its position in Okta by 10.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 499,125 shares of the company's stock valued at $52,518,000 after buying an additional 46,818 shares in the last quarter. 86.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Todd Mckinnon sold 31,592 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.30, for a total value of $3,010,717.60. Following the transaction, the chief executive officer owned 20,682 shares in the company, valued at approximately $1,970,994.60. This represents a 60.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Jonathan James Addison sold 9,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $100.00, for a total value of $900,000.00. Following the completion of the transaction, the executive owned 7,067 shares in the company, valued at approximately $706,700. The trade was a 56.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,594 shares of company stock valued at $8,382,790 in the last quarter. 5.68% of the stock is currently owned by company insiders.

Okta Price Performance

Shares of NASDAQ OKTA opened at $91.15 on Wednesday. Okta, Inc. has a twelve month low of $70.56 and a twelve month high of $127.57. The stock's 50 day moving average price is $96.12 and its 200-day moving average price is $102.55. The company has a market capitalization of $15.96 billion, a PE ratio of 144.68, a PEG ratio of 4.42 and a beta of 0.80. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.05.

Okta (NASDAQ:OKTA - Get Free Report) last announced its earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Okta had a return on equity of 2.79% and a net margin of 4.85%.The firm had revenue of $688.00 million for the quarter, compared to the consensus estimate of $680.14 million. During the same quarter in the previous year, the business earned $0.65 EPS. The company's revenue was up 11.5% compared to the same quarter last year. Okta has set its Q2 2026 guidance at 0.830-0.840 EPS. FY 2026 guidance at 3.230-3.280 EPS. On average, equities analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on OKTA shares. Wells Fargo & Company boosted their target price on Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Stephens reaffirmed an "equal weight" rating and issued a $127.00 target price on shares of Okta in a research report on Tuesday, May 27th. Arete initiated coverage on Okta in a research report on Monday, July 7th. They issued a "sell" rating and a $83.00 target price for the company. Wall Street Zen raised Okta from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, Guggenheim reissued a "buy" rating and set a $138.00 price objective on shares of Okta in a report on Monday. Twenty research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $118.06.

About Okta

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.

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