Linden Thomas Advisory Services LLC Has $1.77 Million Position in Okta, Inc. $OKTA

Linden Thomas Advisory Services LLC grew its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,677 shares of the company’s stock after acquiring an additional 464 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Okta were worth $1,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of Okta during the 1st quarter worth about $27,000. Harbour Investments Inc. boosted its position in shares of Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of Okta during the 2nd quarter worth about $26,000. Rossby Financial LCC bought a new position in shares of Okta during the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Okta by 88.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock worth $34,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Okta Stock Up 0.6%

Shares of OKTA stock opened at $89.07 on Friday. The company has a 50 day moving average of $91.09 and a 200-day moving average of $98.97. Okta, Inc. has a 12-month low of $70.92 and a 12-month high of $127.57. The firm has a market cap of $15.59 billion, a P/E ratio of 104.79, a PEG ratio of 4.37 and a beta of 0.84.

Okta (NASDAQ:OKTA) last released 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. The business had revenue of $728,000 billion during the quarter, compared to analyst estimates of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. Okta’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business 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 expect that Okta, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OKTA shares. BMO Capital Markets cut their price objective on shares of Okta from $132.00 to $112.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 27th. Jefferies Financial Group raised their price target on shares of Okta from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. Guggenheim reaffirmed a “buy” rating and issued a $138.00 price target on shares of Okta in a research report on Wednesday, August 27th. Finally, Arete Research raised shares of Okta to a “strong sell” rating and set a $83.00 price target on the stock in a research report on Monday, July 7th. Twenty-two equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $118.94.

Insiders Place Their Bets

In other Okta news, CRO Jonathan James Addison sold 6,091 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were 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 of the company’s stock, valued at $654,474.87. The trade was a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $92.33, for a total transaction of $2,951,605.44. The disclosure for this sale can be found here. Insiders sold a total of 63,657 shares of company stock valued at $5,898,754 over the last three months. 5.68% of the stock is currently owned by company insiders.

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.