Nykredit A S Acquires New Position in Okta, Inc. $OKTA

Key Points

• Nykredit A/S acquired 50,914 Okta shares worth approximately $6.95 million during the second quarter. Institutional investors collectively own 86.64% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $176.68, while several firms recently raised their targets. Okta’s latest quarterly results exceeded expectations, with $1.05 in EPS and $805 million in revenue.
• Okta shares opened at $191.33, near their 12-month high, but valuation and unproven AI-related revenue growth remain risks. Insiders have also sold 151,485 shares worth $23.4 million over the past quarter.

Nykredit A S purchased a new stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 50,914 shares of the company's stock, valued at approximately $6,947,000.

A number of other large investors have also recently bought and sold shares of OKTA. Washington Trust Advisors Inc. lifted its holdings in Okta by 64.2% in the second quarter. Washington Trust Advisors Inc. now owns 197 shares of the company's stock valued at $27,000 after acquiring an additional 77 shares during the period. CX Institutional grew its position in Okta by 5.1% during the second quarter. CX Institutional now owns 2,633 shares of the company's stock valued at $359,000 after buying an additional 127 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Okta by 10.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company's stock valued at $105,000 after buying an additional 129 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in Okta by 2.8% in the first quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company's stock valued at $407,000 after buying an additional 140 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Okta by 1.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,241 shares of the company's stock worth $1,261,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 86.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OKTA. Capital One Financial set a $171.00 target price on Okta and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Susquehanna lifted their target price on shares of Okta from $110.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, August 28th. Wall Street Zen upgraded shares of Okta from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Robert W. Baird raised their price target on shares of Okta from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Finally, Barclays boosted their price objective on Okta from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Okta presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.68.

Okta Trading Up 4.9%

OKTA stock opened at $191.33 on Tuesday. The company has a market capitalization of $33.45 billion, a PE ratio of 115.26, a P/E/G ratio of 5.67 and a beta of 0.79. Okta, Inc. has a 12-month low of $62.66 and a 12-month high of $192.59. The business's fifty day moving average price is $154.59 and its 200 day moving average price is $116.61.

Okta (NASDAQ:OKTA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The business had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. 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. Research analysts predict that Okta, Inc. will post 1.92 EPS for the current fiscal year.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Needham raised its price target from $200 to $230 and reiterated a “Buy” rating, implying further upside from recent levels. The firm cited strong traction for AI-agent security and Okta’s upcoming Oktane 2026 conference, where identity security and growth are expected to be key themes. Okta Prices by the Seat. Analyst Says AI Agents Are the Next Thing It Bills For
• Positive Sentiment: BTIG also reportedly lifted its price target, reinforcing the view that Okta could monetize rising demand for AI-related identity and security products. The analyst actions helped support the stock’s advance. Okta stock gains as Needham and BTIG lift price targets on AI security momentum
• Positive Sentiment: Cybersecurity stocks extended their recent gains after warnings about AI-related safety risks. Identity and endpoint-security companies, including Okta, led the sector’s move, providing an additional trading tailwind. Cybersecurity Stocks Extend Gains on AI Safety Warnings
• Neutral Sentiment: Investor interest is focused on whether AI security becomes a meaningful revenue opportunity. Okta charges largely on a per-seat basis, and analysts see AI agents as a potential new source of billable identities and permissions. However, the commercial payoff remains unproven. CrowdStrike and Okta Trade at Big Premiums Despite Unproven AI Payoff
• Negative Sentiment: Valuation remains a risk after Okta’s sharp rally. Coverage notes that the stock has climbed substantially since March, raising concerns that expectations for AI growth may already be reflected in the share price. Okta Stock Is Up 132% Since March. Is the Stock Already Priced In?
• Negative Sentiment: Bernstein downgraded Okta to “Market Perform” from “Outperform,” tempering the bullish analyst momentum and highlighting potential limits to near-term upside. Bernstein downgrades Okta to market perform from outperform

Insiders Place Their Bets

In other Okta news, insider Eric Kelleher sold 2,549 shares of the firm's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $168.55, for a total transaction of $429,633.95. Following the transaction, the insider directly owned 17,069 shares of the company's stock, valued at approximately $2,876,979.95. This trade represents a 12.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 68,936 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $146.62, for a total value of $10,107,396.32. Following the transaction, the chief executive officer directly owned 38,484 shares of the company's stock, valued at approximately $5,642,524.08. This trade represents a 64.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 151,485 shares of company stock valued at $23,414,433 over the last quarter. Company insiders own 4.61% of the company's stock.

Okta Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company's offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.

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