Dimensional Fund Advisors LP Raises Holdings in Okta, Inc. $OKTA

Key Points

• Dimensional Fund Advisors LP raised its stake in Okta by 0.7%, now owning over 1 million shares valued at approximately $115 million.
• Okta's stock price increased by 2.5%, with earnings per share reported at $0.86 for the quarter, exceeding analysts' expectations of $0.77.
• Institutional investors hold 86.64% of Okta's shares, with several hedge funds significantly boosting their positions in the company during the first quarter.

Dimensional Fund Advisors LP raised its position in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,286 shares of the company's stock after buying an additional 7,693 shares during the quarter. Dimensional Fund Advisors LP owned about 0.63% of Okta worth $115,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wolff Wiese Magana LLC raised its stake in shares of Okta by 167.4% in the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company's stock valued at $26,000 after acquiring an additional 154 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Okta during the first quarter valued at $27,000. Harbour Investments Inc. boosted its position in Okta by 152.4% in the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the period. Rossby Financial LCC bought a new stake in shares of Okta during the first quarter valued at approximately $31,000. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Okta in the 1st quarter worth $47,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Larissa Schwartz sold 2,244 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $100.00, for a total transaction of $224,400.00. Following the transaction, the insider owned 23,640 shares of the company's stock, valued at approximately $2,364,000. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd Mckinnon sold 31,592 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.30, for a total transaction of $3,010,717.60. Following the completion of the sale, the chief executive officer directly owned 20,682 shares of the company's stock, valued at $1,970,994.60. This represents a 60.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,594 shares of company stock valued at $8,382,790 in the last 90 days. 5.68% of the stock is owned by insiders.

Okta Price Performance

OKTA traded up $0.21 during trading on Tuesday, hitting $91.56. The company's stock had a trading volume of 12,223,781 shares, compared to its average volume of 3,623,721. The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 145.34, a P/E/G ratio of 4.45 and a beta of 0.80. Okta, Inc. has a twelve month low of $70.56 and a twelve month high of $127.57. The business's fifty day simple moving average is $95.46 and its 200 day simple moving average is $102.46. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.05.

Okta (NASDAQ:OKTA - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.41). Okta had a net margin of 4.85% and a return on equity of 2.79%. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. On average, equities research analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on OKTA. Barclays reduced their price target on shares of Okta from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Arete started coverage on Okta in a research note on Monday, July 7th. They set a "sell" rating and a $83.00 price objective for the company. Loop Capital assumed coverage on Okta in a research note on Monday, May 5th. They issued a "buy" rating and a $140.00 target price on the stock. Royal Bank Of Canada lowered their price target on shares of Okta from $143.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Wall Street Zen upgraded shares of Okta from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Twenty-two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Okta presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.75.

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.