<div id="readability-page-1"><p>Bain Capital Public Equity Management II LLC bought a new position in shares of  Okta, Inc. (NASDAQ:OKTA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm bought 738,884 shares of the company's stock, valued at approximately $73,866,000. Okta accounts for  3.5% of Bain Capital Public Equity Management II LLC's investment portfolio, making the stock its 12th biggest position. Bain Capital Public Equity Management II LLC owned about 0.42% of Okta at the end of the most recent reporting period.</p><ul><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li></ul><p>Several other hedge funds and other institutional investors also recently modified their holdings of OKTA. Norges Bank bought a new position in  Okta in the 2nd quarter worth approximately $211,923,000.  Alkeon Capital Management LLC bought a new position in shares of  Okta in the first quarter worth $199,918,000.  UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of  Okta by 76.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company's stock worth $289,234,000 after acquiring an additional 1,189,222 shares during the period.  Ninety One UK Ltd grew its position in shares of  Okta by 52.1% in the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company's stock valued at $274,370,000 after purchasing an additional 939,589 shares in the last quarter.  Finally, Vanguard Group Inc. grew its position in shares of  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 purchasing an additional 935,364 shares in the last quarter. Institutional investors own  86.64% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>A number of analysts recently issued reports on OKTA shares. Citigroup dropped their price objective on Okta from $110.00 to $100.00 and set a &#34;neutral&#34; rating on the stock in a report on Wednesday, December 3rd. Morgan Stanley lowered their price target on shares of Okta from $123.00 to $110.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, December 3rd. Needham &amp; Company LLC cut their price objective on shares of Okta from $125.00 to $110.00 and set a &#34;buy&#34; rating for the company in a research report on Wednesday, December 3rd. JPMorgan Chase &amp; Co. decreased their target price on shares of Okta from $140.00 to $115.00 and set an &#34;overweight&#34; rating on the stock in a report on Monday, December 1st. Finally, DA Davidson  reiterated a &#34;buy&#34; rating and issued a $140.00 target price on shares of Okta in a research note on Wednesday, December 3rd. Twenty-three research analysts have rated the stock with a Buy rating, fourteen have issued  a Hold rating and two have issued  a Sell rating to the stock. Based on data from MarketBeat.com, Okta presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $112.91.</p><ul><li>Okta: Excuses to Sell Vs. Reasons to Buy</li></ul><p><b>Get Our Latest Research Report on Okta</b></p><h2>Insider Buying and Selling</h2><p>In related news, insider Larissa Schwartz sold 1,318 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $85.26, for a total transaction of $112,372.68. Following the transaction, the insider owned 36,519 shares of the company's stock, valued at approximately $3,113,609.94. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. Also, insider Eric Robert Kelleher sold 2,410 shares of Okta stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30. Following the completion of the transaction, the insider owned 9,174 shares in the company, valued at approximately $841,531.02. The trade was a 20.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 64,975 shares of company stock worth $6,011,126 in the last ninety days. 5.68% of the stock is currently owned by insiders. </p><h2>Okta Stock Performance</h2><ul><li>Okta: Market Comes to a Boil, Explosive Upside Is Possible</li></ul><p>Shares of NASDAQ:OKTA opened at $87.29 on Tuesday. The firm has a fifty day moving average of $86.64 and a 200 day moving average of $93.00. Okta, Inc. has a 52-week low of $75.05 and a 52-week high of $127.57. The firm has a market capitalization of $15.28 billion, a PE ratio of 80.08, a price-to-earnings-growth ratio of 4.05 and a beta of 0.78. </p><p>Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.The company's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS.  On average, sell-side analysts forecast that  Okta, Inc. will post 0.42 EPS for the current fiscal year. </p><h2>Okta Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Okta</li><li>Insider Buying Explained: What Investors Need to Know</li><li>What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer Health</li><li>There Are Different Types of Stock To Invest In</li><li>3 Stocks Most Likely to Split in 2026</li><li>Best Aerospace Stocks Investing </li><li>ChargePoint's Comeback Story: Why This EV Stock Is Charging Up Again</li></ul><p><strong>Want to see what other hedge funds are holding OKTA?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Okta, Inc. (NASDAQ:OKTA - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T0tUQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T0tUQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Okta Right Now?</h2><p>Before you consider Okta, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Okta wasn't on the list.</p><p>While Okta currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

OKTA

<p>Bain Capital Public Equity Management II LLC acquired 738,884 shares of Okta, Inc., valued at $73,866,000, making it the firm's 12th largest position. Institutional investors own 86.64% of Okta's stock. Analysts have mixed ratings, with a consensus price target of $112.91. Insiders sold shares worth $6,011,126 recently. Okta's stock opened at $87.29, with a 52-week range of $75.05 to $127.57.</p>

Bain Capital Public Equity Management II LLC Acquires New Position in Okta, Inc. $OKTA