Ensign Peak Advisors Inc Sells 115,015 Shares of Okta, Inc. $OKTA

Ensign Peak Advisors Inc trimmed its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 658,482 shares of the company’s stock after selling 115,015 shares during the period. Ensign Peak Advisors Inc owned 0.38% of Okta worth $65,828,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OKTA. Primecap Management Co. CA grew its holdings in Okta by 21.5% during the 2nd quarter. Primecap Management Co. CA now owns 1,586,578 shares of the company’s stock worth $158,610,000 after acquiring an additional 280,312 shares during the period. Aspen Investment Management Inc acquired a new stake in shares of Okta during the second quarter worth $257,000. Senvest Management LLC bought a new stake in Okta in the second quarter valued at about $4,499,000. Vanguard Group Inc. lifted its stake in Okta by 5.3% in the second quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock valued at $1,872,263,000 after buying an additional 935,364 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Okta by 111.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 222,187 shares of the company’s stock worth $22,212,000 after buying an additional 117,129 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Okta

In other news, insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total value of $221,069.30. Following the sale, the insider directly owned 9,174 shares in the company, valued at $841,531.02. The trade was a 20.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Larissa Schwartz sold 1,318 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $85.26, for a total value of $112,372.68. Following the transaction, the insider directly owned 36,519 shares of the company’s stock, valued at $3,113,609.94. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 64,975 shares of company stock worth $6,011,126. 5.68% of the stock is currently owned by company insiders.

Okta Stock Down 2.2%

Shares of OKTA stock opened at $78.32 on Friday. Okta, Inc. has a 12-month low of $74.16 and a 12-month high of $127.57. The firm has a fifty day moving average of $88.85 and a 200-day moving average of $96.74. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 92.14, a P/E/G ratio of 3.93 and a beta of 0.84.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.84 by $0.07. The business had revenue of $728,000 billion for the quarter, compared to analysts’ expectations of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. On average, equities analysts expect that Okta, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial raised Okta from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $125.00 in a research note on Monday, August 25th. Westpark Capital restated a “buy” rating and set a $140.00 price objective on shares of Okta in a report on Wednesday, August 27th. Mizuho lowered their target price on shares of Okta from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday. Guggenheim reissued a “buy” rating and issued a $60.00 price target on shares of Okta in a report on Friday, November 14th. Finally, BMO Capital Markets lowered their price objective on shares of Okta from $132.00 to $112.00 and set a “market perform” rating for the company in a research report on Wednesday, August 27th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.33.

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.