Versor Investments LP Purchases Shares of 33,367 Okta, Inc. $OKTA

Key Points

• Versor Investments LP has invested approximately $3.51 million in Okta, acquiring 33,367 shares, which makes it the 15th largest holding in their portfolio and accounts for 0.6% of it.
• Okta reported earnings with an EPS of $0.86 for the recent quarter, surpassing estimates, while revenue was reported at $688 million, up 11.5% year-over-year.
• Insider sales within Okta have occurred, with CFO Brett Tighe and CRO Jonathan James Addison selling a combined total of 19,000 shares, indicating a notable decrease in their positions.

Versor Investments LP bought a new position in shares of Okta, Inc. (NASDAQ:OKTA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,367 shares of the company's stock, valued at approximately $3,511,000. Okta makes up about 0.6% of Versor Investments LP's portfolio, making the stock its 15th biggest position.

Several other institutional investors have also bought and sold shares of the stock. Wolff Wiese Magana LLC lifted its stake in Okta by 167.4% during the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company's stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Okta in the first quarter valued at about $27,000. Harbour Investments Inc. lifted its position in shares of Okta by 152.4% during the first quarter. Harbour Investments Inc. now owns 260 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Rossby Financial LCC bought a new stake in Okta in the 1st quarter worth about $31,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in Okta in the 4th quarter worth about $40,000. Institutional investors own 86.64% of the company's stock.

Okta Trading Down 1.4%

Shares of Okta stock traded down $1.25 during trading on Thursday, reaching $89.78. 2,711,755 shares of the stock were exchanged, compared to its average volume of 3,564,757. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.05. Okta, Inc. has a 1 year low of $70.56 and a 1 year high of $127.57. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 142.51, a price-to-earnings-growth ratio of 4.41 and a beta of 0.80. The stock's fifty day moving average is $95.94 and its 200 day moving average is $102.47.

Okta (NASDAQ:OKTA - Get Free Report) last announced its earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Okta had a return on equity of 2.79% and a net margin of 4.85%.The firm had revenue of $688.00 million during the quarter, compared to analyst estimates of $680.14 million. During the same quarter in the prior year, the company earned $0.65 EPS. The business's revenue was up 11.5% compared to the same quarter last year. Okta has set its Q2 2026 guidance at 0.830-0.840 EPS. FY 2026 guidance at 3.230-3.280 EPS. As a group, equities research analysts expect that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other Okta news, Director Jacques Frederic Kerrest sold 581 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $100.29, for a total transaction of $58,268.49. Following the transaction, the director owned 2,832 shares in the company, valued at approximately $284,021.28. This represents a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of Okta stock in a transaction on Friday, July 18th. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the sale, the chief financial officer directly owned 132,288 shares of the company's stock, valued at $12,567,360. The trade was a 7.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,594 shares of company stock valued at $8,382,790. Company insiders own 5.68% of the company's stock.

Wall Street Analyst Weigh In

OKTA has been the subject of several recent research reports. BTIG Research reiterated a "buy" rating on shares of Okta in a research note on Thursday, May 22nd. The Goldman Sachs Group lifted their price objective on shares of Okta from $123.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. DA Davidson dropped their target price on Okta from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Wall Street Zen upgraded Okta from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on Okta from $100.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Twenty analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $117.92.

About Okta

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.