Robeco Institutional Asset Management B.V. Acquires 9,679 Shares of Okta, Inc. $OKTA

Key Points

• Robeco Institutional Asset Management B.V. has increased its stake in Okta, Inc. by purchasing an additional 9,679 shares, bringing its total holdings to 309,241 shares, valued at approximately $30.9 million.
• Okta recently reported a quarterly earnings per share (EPS) of $0.91, surpassing analysts' estimates, and its revenue rose by 12.7% year-over-year.
• Analysts remain optimistic about Okta, with a consensus rating of "Hold" and an average price target of $118.94 per share.

Robeco Institutional Asset Management B.V. lifted its holdings in Okta, Inc. (NASDAQ:OKTA - Free Report) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 309,241 shares of the company's stock after purchasing an additional 9,679 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of Okta worth $30,915,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC lifted its stake in shares of Okta by 167.4% in the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company's stock worth $26,000 after purchasing an additional 154 shares during the period. Wayfinding Financial LLC bought a new position in shares of Okta in the 1st quarter worth approximately $27,000. Harbour Investments Inc. increased its holdings in Okta by 152.4% in the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company's stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in Okta in the 2nd quarter worth approximately $26,000. Finally, Rossby Financial LCC purchased a new stake in Okta in the 1st quarter worth approximately $31,000. Institutional investors own 86.64% of the company's stock.

Okta Stock Performance

NASDAQ OKTA opened at $93.30 on Friday. The company has a market capitalization of $16.33 billion, a P/E ratio of 109.76, a P/E/G ratio of 4.66 and a beta of 0.84. Okta, Inc. has a one year low of $70.92 and a one year high of $127.57. The stock has a 50 day moving average price of $92.49 and a 200-day moving average price of $100.65.

Okta (NASDAQ:OKTA - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.07. The firm had revenue of $728,000 billion during the quarter, compared to the consensus estimate of $711.84 million. Okta had a return on equity of 3.31% and a net margin of 6.08%.The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. 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, equities analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OKTA shares. Guggenheim reissued a "buy" rating and issued a $138.00 target price on shares of Okta in a report on Wednesday, August 27th. Royal Bank Of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Okta in a report on Friday, September 26th. Bank of America reissued an "underperform" rating and issued a $75.00 target price on shares of Okta in a report on Wednesday, August 27th. Wall Street Zen raised shares of Okta from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, Citigroup reissued a "market perform" rating on shares of Okta in a report on Wednesday, August 27th. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Okta has a consensus rating of "Hold" and an average price target of $118.94.

Insider Activity

In other Okta news, insider Eric Robert Kelleher sold 16,018 shares of Okta stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $91.81, for a total transaction of $1,470,612.58. Following the completion of the transaction, the insider directly owned 7,044 shares of the company's stock, valued at $646,709.64. The trade was a 69.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Larissa Schwartz sold 3,348 shares of Okta stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $90.17, for a total transaction of $301,889.16. Following the transaction, the insider directly owned 39,155 shares of the company's stock, valued at $3,530,606.35. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,003 shares of company stock worth $12,819,238. 5.68% of the stock is owned by corporate insiders.

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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