Aubrey Capital Management Ltd Buys Shares of 17,500 Okta, Inc. $OKTA

Key Points

• Aubrey Capital Management acquired 17,500 Okta shares during the second quarter, valued at approximately $2.4 million. Institutional investors collectively own 86.64% of the company.
• Okta reported quarterly revenue of $805 million, up 10.6% year over year, and adjusted EPS of $1.05, exceeding analysts’ $0.96 estimate. Management also issued fiscal 2027 adjusted EPS guidance of $3.90–$3.94.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $172.92, though Okta’s premium valuation, heightened competition, and recent insider selling remain risks.

Aubrey Capital Management Ltd acquired a new stake in Okta, Inc. (NASDAQ:OKTA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,500 shares of the company's stock, valued at approximately $2,388,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Okta in the 4th quarter worth $175,193,000. Allspring Global Investments Holdings LLC lifted its position in shares of Okta by 71.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company's stock valued at $281,209,000 after purchasing an additional 1,485,963 shares in the last quarter. First Trust Advisors LP boosted its holdings in Okta by 28.2% during the fourth quarter. First Trust Advisors LP now owns 6,030,090 shares of the company's stock worth $521,422,000 after purchasing an additional 1,326,051 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Okta by 276.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company's stock worth $128,701,000 after purchasing an additional 1,031,083 shares during the last quarter. Finally, Swedbank AB grew its position in Okta by 124.3% in the 4th quarter. Swedbank AB now owns 1,819,081 shares of the company's stock worth $157,296,000 after purchasing an additional 1,007,915 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company's stock.

Okta Stock Performance

NASDAQ:OKTA opened at $173.04 on Tuesday. Okta, Inc. has a 52-week low of $62.66 and a 52-week high of $174.85. The stock has a fifty day moving average of $142.48 and a 200 day moving average of $106.25. The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of 104.24, a P/E/G ratio of 5.76 and a beta of 0.77.

Okta (NASDAQ:OKTA - Get Free Report) last announced its earnings results 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 return on equity of 4.50% and a net margin of 9.63%.The business had revenue of $805.00 million for the quarter, compared to analyst estimates of $793.00 million. During the same period in the prior year, the company earned $0.91 EPS. The company's quarterly 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. Equities analysts forecast that Okta, Inc. will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. New Street Research set a $200.00 target price on shares of Okta in a research report on Thursday. Canaccord Genuity Group increased their price target on Okta from $115.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday. Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of Okta in a report on Friday, May 29th. TD Cowen boosted their price objective on Okta from $160.00 to $175.00 and gave the stock a "hold" rating in a research report on Thursday, August 27th. Finally, Evercore reissued an "outperform" rating and issued a $185.00 price objective on shares of Okta in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $172.92.

Key Headlines Impacting Okta

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.

Insider Buying and Selling at Okta

In other Okta news, insider Larissa Schwartz sold 2,463 shares of Okta stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $120.00, for a total value of $295,560.00. Following the transaction, the insider directly owned 25,241 shares of the company's stock, valued at $3,028,920. The trade was a 8.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 65,000 shares of the company's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $117.25, for a total value of $7,621,250.00. Following the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 140,376 shares of company stock valued at $18,477,982. Insiders own 4.61% of the company's stock.

Okta 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.

Want to see what other hedge funds are holding OKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Okta, Inc. (NASDAQ:OKTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source