Okta, Inc. $OKTA Shares Acquired by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management increased its Okta stake by 152.5% in the third quarter, bringing its holdings to 10,100 shares valued at approximately $2.1 million. Institutional investors collectively own 86.64% of Okta.
• Analysts maintain a generally positive outlook, with Okta carrying a consensus “Moderate Buy” rating and an average price target of $202.38. Recent quarterly results beat estimates, with adjusted EPS of $1.05 and revenue of $805 million, up 10.6% year over year.
• Okta’s expansion into AI-agent security and its Agent Identity Platform provide potential growth opportunities, but investors face risks from slower revenue growth, premium valuation, competition and reported data-leak concerns involving DHS employee records.

China Universal Asset Management Co. Ltd. raised its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 152.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,100 shares of the company's stock after acquiring an additional 6,100 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Okta were worth $2,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OKTA. Allspring Global Investments Holdings LLC lifted its stake in shares of Okta by 71.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company's stock valued at $281,209,000 after buying an additional 1,485,963 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Okta by 114.3% in the first quarter. Quantinno Capital Management LP now owns 746,009 shares of the company's stock worth $58,718,000 after buying an additional 397,951 shares in the last quarter. Swedbank AB lifted its holdings in shares of Okta by 21.9% in the first quarter. Swedbank AB now owns 2,216,588 shares of the company's stock worth $174,468,000 after buying an additional 397,507 shares in the last quarter. Junto Capital Management LP bought a new position in shares of Okta during the second quarter worth $45,486,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Okta by 192.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 487,202 shares of the company's stock valued at $101,879,000 after acquiring an additional 320,849 shares during the last quarter. Institutional investors own 86.64% of the company's stock.

Insider Buying and Selling at Okta

In other news, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the sale, the insider owned 18,668 shares of the company's stock, valued at approximately $3,427,071.44. This trade represents a 25.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the company's stock in a transaction dated 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 owned 7,693 shares in the company, valued at approximately $1,249,650.92. This trade represents a 84.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,766 shares of company stock valued at $23,927,112 in the last quarter. Corporate insiders own 4.61% of the company's stock.

Wall Street Analyst Weigh In

OKTA has been the topic of several recent research reports. Evercore restated an "outperform" rating and set a $240.00 target price on shares of Okta in a research report on Thursday, September 24th. TD Cowen raised their target price on shares of Okta from $175.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, September 24th. Capital One Financial raised shares of Okta from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $126.00 to $171.00 in a report on Thursday, July 16th. Bank of America upped their price objective on shares of Okta from $170.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, September 24th. Finally, Raymond James Financial lifted their target price on shares of Okta from $115.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.38.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta was viewed favorably versus SentinelOne because of stronger profitability, robust cash flow and expanding capabilities for securing AI agents. However, the comparison also noted that Okta’s revenue growth is slower. OKTA vs. S: Which Enterprise Cybersecurity Stock Has an Edge Now?
• Positive Sentiment: Okta is expanding its Agent Identity Platform and has reported multimillion-dollar customer wins and new tools aimed at securing AI agents. The opportunity could support future growth, although adoption has not yet translated into a significant revenue contribution. Can Okta’s Agent Identity Platform Capture the AI Security Opportunity?
• Positive Sentiment: CNBC coverage highlighted Okta as one of Josh Brown’s preferred stocks, while noting that he was trading around a pullback. The endorsement may reinforce the bullish investment case but is not a change to Okta’s fundamentals. There’s a cybersecurity stock on Josh Brown’s list that’s pulling back
• Neutral Sentiment: Analyst coverage emphasized that OKTA has risen about 157.5% year to date on demand for identity security and AI, but investors must balance that momentum against slower growth, competition and a premium valuation. Okta Surges 158% YTD: Should Investors Hold the Stock Now?
• Negative Sentiment: Reports alleged that records belonging to more than 40,000 DHS employees were leaked and published online via DDoSecrets. Okta said its core systems were not compromised, which may limit direct operational concerns, but the incident still creates reputational and cybersecurity risk. Over 40,000 U.S. DHS employee records allegedly leaked via Okta

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $208.24 on Friday. The business's fifty day moving average price is $192.78 and its two-hundred day moving average price is $124.67. The stock has a market cap of $36.40 billion, a PE ratio of 125.45, a price-to-earnings-growth ratio of 6.90 and a beta of 0.73. Okta, Inc. has a one year low of $62.66 and a one year high of $235.00.

Okta (NASDAQ:OKTA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The business had revenue of $805.00 million for the quarter, compared to the consensus estimate of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. As a group, equities research analysts predict that Okta, Inc. will post 1.92 earnings per share for the current fiscal year.

Okta 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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