Vanguard Personalized Indexing Management LLC Buys 6,718 Shares of Okta, Inc. $OKTA

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Okta by 28.6%, acquiring an additional 6,718 shares, bringing its total holdings to 30,197 shares valued at $3,019,000.
• Okta reported earnings of $0.91 per share for the last quarter, exceeding analysts' expectations of $0.84, while also showing a 12.7% increase in revenue year-over-year.
• Institutional investors own 86.64% of Okta's stock, highlighting significant interest from larger investment firms.

Vanguard Personalized Indexing Management LLC increased its stake in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) by 28.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,197 shares of the company's stock after purchasing an additional 6,718 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Okta were worth $3,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted 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 during the period. Alkeon Capital Management LLC bought a new position in shares of Okta in the 1st quarter worth approximately $199,918,000. Ninety One UK Ltd purchased a new position in shares of Okta in the first quarter worth approximately $189,915,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Okta by 76.3% during 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 buying an additional 1,189,222 shares during the period. Finally, PointState Capital LP purchased a new stake in Okta during the first quarter valued at approximately $78,094,000. Institutional investors own 86.64% of the company's stock.

Okta Stock Performance

Shares of NASDAQ OKTA opened at $88.35 on Thursday. The company has a market cap of $15.47 billion, a P/E ratio of 103.94, a P/E/G ratio of 4.37 and a beta of 0.84. Okta, Inc. has a 52-week low of $70.92 and a 52-week high of $127.57. The firm's fifty day moving average is $91.43 and its two-hundred day moving average is $99.42.

Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business posted $0.72 earnings per share. The business'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, analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Insider Activity

In other Okta news, CFO Brett Tighe sold 10,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief financial officer owned 133,336 shares in the company, valued at $12,666,920. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of 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 114,249 shares of company stock worth $10,759,471. 5.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OKTA has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Okta in a research note on Wednesday, October 8th. Guggenheim reissued a "buy" rating and set a $138.00 price target on shares of Okta in a report on Wednesday, August 27th. DA Davidson reaffirmed a "buy" rating and set a $140.00 price objective on shares of Okta in a research report on Friday, September 26th. Barclays increased their target price on shares of Okta from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Finally, BMO Capital Markets decreased their target price on shares of Okta from $132.00 to $112.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $118.94.

Okta Company 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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