Prime Capital Investment Advisors LLC Purchases New Shares in Okta, Inc. $OKTA

Key Points

• Prime Capital Investment Advisors LLC acquired a new stake in Okta, purchasing 3,083 shares valued at approximately $308,000 during the 2nd quarter.
• Several institutional investors, including Vanguard Group and Massachusetts Financial Services, have significantly increased their holdings in Okta, with institutional ownership now at 86.64%.
• Okta reported earnings of $0.91 per share for the last quarter, exceeding estimates, and expects FY 2026 guidance of 3.330-3.380 EPS.

Prime Capital Investment Advisors LLC purchased a new stake in Okta, Inc. (NASDAQ:OKTA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,083 shares of the company's stock, valued at approximately $308,000.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Okta by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,792,886 shares of the company's stock valued at $1,872,167,000 after acquiring an additional 582,956 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Okta by 325.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company's stock valued at $389,308,000 after acquiring an additional 2,830,582 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Okta by 76.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company's stock valued at $289,234,000 after acquiring an additional 1,189,222 shares in the last quarter. Ninety One UK Ltd boosted its holdings in Okta by 52.1% in the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company's stock valued at $274,370,000 after acquiring an additional 939,589 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Okta by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 2,014,665 shares of the company's stock valued at $211,982,000 after acquiring an additional 100,411 shares in the last quarter. Institutional investors own 86.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on OKTA shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Okta in a research report on Wednesday. Zacks Research lowered Okta from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Arete started coverage on Okta in a research report on Monday, July 7th. They set a "sell" rating and a $83.00 price objective for the company. DA Davidson reissued a "buy" rating and set a $140.00 price objective on shares of Okta in a research report on Friday, September 26th. Finally, Arete Research raised Okta to a "strong sell" rating and set a $83.00 price objective for the company in a research report on Monday, July 7th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Okta currently has a consensus rating of "Hold" and a consensus target price of $118.94.

Insider Buying and Selling

In related news, CRO Jonathan James Addison sold 6,091 shares of Okta stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $92.61, for a total value of $564,087.51. Following the completion of the sale, the executive directly owned 7,067 shares in the company, valued at approximately $654,474.87. This trade represents a 46.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Larissa Schwartz sold 1,318 shares of Okta stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $91.65, for a total value of $120,794.70. Following the completion of the sale, the insider owned 37,837 shares of the company's stock, valued at $3,467,761.05. The trade was a 3.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,321 shares of company stock worth $13,890,032 in the last three months. 5.68% of the stock is currently owned by company insiders.

Okta Price Performance

OKTA opened at $89.35 on Friday. The stock has a 50-day moving average price of $91.91 and a 200-day moving average price of $99.77. The firm has a market cap of $15.64 billion, a PE ratio of 105.12, a P/E/G ratio of 4.39 and a beta of 0.84. Okta, Inc. has a 1 year low of $70.92 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The firm had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. During the same quarter in the previous year, the firm earned $0.72 EPS. Okta's quarterly revenue was up 12.7% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, sell-side analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

Okta Profile

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.

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