Nomura Asset Management Co. Ltd. Increases Stock Holdings in Okta, Inc. $OKTA

Nomura Asset Management Co. Ltd. increased its stake in shares of Okta, Inc. (NASDAQ:OKTA) by 111.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 222,187 shares of the company’s stock after acquiring an additional 117,129 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Okta were worth $22,212,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OKTA. Smartleaf Asset Management LLC raised its stake in shares of Okta by 12.6% during the first quarter. Smartleaf Asset Management LLC now owns 824 shares of the company’s stock valued at $89,000 after purchasing an additional 92 shares during the period. Norden Group LLC increased its stake in Okta by 3.7% during the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock worth $326,000 after buying an additional 116 shares during the period. Advisors Asset Management Inc. increased its stake in Okta by 12.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company’s stock worth $113,000 after buying an additional 120 shares during the period. Simon Quick Advisors LLC lifted its holdings in Okta by 2.5% in the 2nd quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company’s stock worth $511,000 after buying an additional 126 shares in the last quarter. Finally, Courier Capital LLC boosted its position in Okta by 1.5% in the 2nd quarter. Courier Capital LLC now owns 9,680 shares of the company’s stock valued at $968,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on OKTA shares. Weiss Ratings restated a “hold (c-)” rating on shares of Okta in a research note on Wednesday, October 8th. Barclays lowered their price objective on Okta from $112.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Okta in a research report on Friday, September 26th. Robert W. Baird decreased their price target on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Finally, Citigroup restated a “market perform” rating on shares of Okta in a research note on Wednesday, August 27th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.33.

Okta Trading Down 0.0%

Shares of NASDAQ OKTA opened at $81.03 on Wednesday. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 95.33, a price-to-earnings-growth ratio of 3.98 and a beta of 0.84. Okta, Inc. has a twelve month low of $71.84 and a twelve month high of $127.57. The business has a 50 day simple moving average of $89.33 and a 200-day simple moving average of $96.98.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $711.84 million. During the same period last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. 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 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $92.33, for a total transaction of $2,951,605.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Robert Kelleher sold 8,522 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $92.62, for a total transaction of $789,307.64. Following the sale, the insider owned 9,174 shares in the company, valued at approximately $849,695.88. This trade represents a 48.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 64,975 shares of company stock worth $6,011,126. Corporate insiders own 5.68% of the company’s stock.

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.