Okta, Inc. $OKTA Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in shares of Okta, Inc. (NASDAQ:OKTA) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,221 shares of the company’s stock after selling 7,702 shares during the quarter. Allianz Asset Management GmbH owned about 0.08% of Okta worth $13,218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in Okta in the second quarter worth about $26,000. Wayfinding Financial LLC acquired a new stake in Okta in the first quarter worth about $27,000. Harbour Investments Inc. lifted its holdings in Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the period. Rossby Financial LCC acquired a new stake in Okta in the first quarter worth about $31,000. Finally, Kiker Wealth Management LLC lifted its holdings in Okta by 1,159.3% in the second quarter. Kiker Wealth Management LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta Trading Up 1.0%

Shares of Okta stock opened at $88.32 on Tuesday. The company’s 50-day moving average price is $91.23 and its two-hundred day moving average price is $99.10. Okta, Inc. has a 52 week low of $70.92 and a 52 week high of $127.57. The stock has a market cap of $15.46 billion, a PE ratio of 103.91, a price-to-earnings-growth ratio of 4.29 and a beta of 0.84.

Okta (NASDAQ:OKTA) last posted 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. The firm had revenue of $728,000 billion for the quarter, compared to the consensus estimate of $711.84 million. Okta had a return on equity of 3.31% and a net margin of 6.08%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, equities analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OKTA shares. JMP Securities reaffirmed a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Westpark Capital reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Okta in a report on Wednesday, August 27th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. BTIG Research reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Okta in a report on Friday, September 26th. Finally, Barclays upped their price objective 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. Twenty-two research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $118.94.

Insider Activity

In other Okta news, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $92.33, for a total transaction of $2,951,605.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Jonathan James Addison sold 6,091 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $92.61, for a total value of $564,087.51. Following the sale, the executive owned 7,067 shares in the company, valued at approximately $654,474.87. The trade was a 46.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,657 shares of company stock worth $6,798,754. 5.68% of the stock is owned by company insiders.

Okta 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.