Okta, Inc. $OKTA Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC cut its Okta stake by 72.4% in the second quarter, selling 6,241 shares and retaining 2,376 shares valued at approximately $324,000. Institutional investors collectively own 86.64% of Okta.
• Okta reported quarterly earnings of $1.05 per share, beating estimates of $0.96, while revenue reached $805 million, up 10.6% year over year and ahead of expectations.
• OKTA shares have risen sharply to about $205, but the stock’s elevated valuation and recent insider selling remain risks. Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and average price target of $177.61.

Integrated Wealth Concepts LLC lowered its stake in Okta, Inc. (NASDAQ:OKTA - Free Report) by 72.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,376 shares of the company's stock after selling 6,241 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Okta were worth $324,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OKTA. Allspring Global Investments Holdings LLC increased 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 acquiring an additional 1,485,963 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Okta by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company's stock worth $281,246,000 after purchasing an additional 57,605 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Okta by 28.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company's stock worth $195,844,000 after purchasing an additional 550,328 shares during the period. Swedbank AB increased its holdings in Okta by 21.9% in the 1st quarter. Swedbank AB now owns 2,216,588 shares of the company's stock valued at $174,468,000 after purchasing an additional 397,507 shares during the last quarter. Finally, Norges Bank acquired a new stake in Okta in the 4th quarter valued at approximately $175,193,000. Hedge funds and other institutional investors own 86.64% of the company's stock.

Okta Price Performance

Shares of NASDAQ:OKTA opened at $205.36 on Thursday. The firm has a market capitalization of $35.90 billion, a price-to-earnings ratio of 123.71, a price-to-earnings-growth ratio of 6.12 and a beta of 0.79. The business's 50 day simple moving average is $156.52 and its 200-day simple moving average is $118.37. Okta, Inc. has a 12 month low of $62.66 and a 12 month high of $207.20.

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

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI-agent security is the main catalyst. At Oktane 2026, Okta introduced tools for managing the full AI-agent lifecycle, including an agent runtime gateway and an “AI kill switch.” The products are designed to control agent identity, permissions and activity, positioning Okta to participate in a potentially significant new cybersecurity market. Okta debuts agentic lifecycle management tools
• Positive Sentiment: Partnerships strengthen Okta’s platform strategy. Okta announced the Blueprint Alliance with AWS and CrowdStrike to develop a shared architecture for securing AI agents. Aembit also added support for Okta’s Cross App Access protocol, potentially expanding adoption of Okta’s identity controls across enterprise applications and AI workflows. Okta adds AI agent gateway and Blueprint Alliance
• Positive Sentiment: Analyst optimism is increasing. D.A. Davidson reaffirmed a Buy rating and raised its price target to $235, citing momentum in identity governance and AI agents. Recent target increases from Needham, Baird and Scotiabank have further reinforced the bullish narrative. D.A. Davidson raises Okta price target
• Neutral Sentiment: Management is seeking to balance innovation and security. CEO Todd McKinnon’s Oktane and CNBC appearances emphasized the need to let companies deploy AI agents while maintaining identity, access and governance controls. The strategy is promising, but investors still need evidence of customer adoption and material revenue contribution. CNBC interview with Okta CEO Todd McKinnon
• Negative Sentiment: Valuation and insider selling create risks. After its advance, OKTA trades at a high earnings multiple, leaving the stock vulnerable if AI monetization disappoints. Insider Eric Kelleher sold 6,395 shares worth about $1.17 million under a pre-arranged Rule 10b5-1 plan; the scheduled nature limits its significance, but it may still weigh on sentiment.

Insider Buying and Selling

In other Okta news, CFO Brett Tighe sold 41,251 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer directly owned 7,693 shares in the company, valued at approximately $1,249,650.92. This trade represents a 84.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction dated 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 transaction, the insider owned 18,668 shares of the company's stock, valued at approximately $3,427,071.44. The trade was a 25.52% decrease in their position. 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 157,880 shares of company stock worth $24,588,427 in the last three months. Corporate insiders own 4.61% of the company's stock.

Wall Street Analysts Forecast Growth

OKTA has been the topic of a number of research reports. Jefferies Financial Group raised their price target on Okta from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Robert W. Baird upped their price target on shares of Okta from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday. Citigroup reiterated a "market outperform" rating on shares of Okta in a research note on Thursday, August 27th. Raymond James Financial raised their price objective on shares of Okta from $115.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Finally, HSBC cut Okta from a "buy" rating to a "hold" rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.61.

About Okta

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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