Sands Capital Management LLC Has $30.04 Million Stock Holdings in Okta, Inc. $OKTA

Sands Capital Management LLC trimmed its holdings in Okta, Inc. (NASDAQ:OKTA - Free Report) by 16.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 300,517 shares of the company's stock after selling 58,204 shares during the quarter. Sands Capital Management LLC owned about 0.17% of Okta worth $30,043,000 at the end of the most recent quarter.

• Okta: Market Comes to a Boil, Explosive Upside Is Possible

Several other institutional investors and hedge funds have also added to or reduced their stakes in OKTA. Pinnacle Bancorp Inc. acquired a new stake in Okta in the 2nd quarter valued at about $26,000. Harbour Investments Inc. grew its stake in shares of Okta by 152.4% during the first quarter. Harbour Investments Inc. now owns 260 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Kiker Wealth Management LLC increased its holdings in shares of Okta by 1,159.3% in the second quarter. Kiker Wealth Management LLC now owns 340 shares of the company's stock valued at $34,000 after purchasing an additional 313 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in Okta by 88.3% in 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 during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Okta by 126.0% during the 2nd quarter. V Square Quantitative Management LLC now owns 504 shares of the company's stock worth $50,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on OKTA. Royal Bank Of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Okta in a research note on Friday, September 26th. Robert W. Baird lowered their price objective on Okta from $142.00 to $135.00 and set an "outperform" rating for the company in a research report on Monday, September 29th. Barclays cut their target price on shares of Okta from $112.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 18th. Truist Financial upgraded shares of Okta from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $125.00 in a research report on Monday, August 25th. Finally, BTIG Research reissued a "buy" rating and set a $142.00 price target on shares of Okta in a research note on Friday, September 26th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.94.

• 3 Cybersecurity Stocks to Watch Ahead of 2026 Midterms

Get Our Latest Stock Report on Okta

Insider Buying and Selling

In related news, insider Larissa Schwartz sold 1,318 shares of the business's stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $85.26, for a total value of $112,372.68. Following the completion of the transaction, the insider directly owned 36,519 shares in the company, valued at approximately $3,113,609.94. The trade was a 3.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Robert Kelleher sold 2,410 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 9,174 shares in the company, valued at $841,531.02. This trade represents a 20.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 64,975 shares of company stock valued at $6,011,126. 5.68% of the stock is owned by company insiders.

Okta Stock Performance

• Palo Alto Networks: The All‑in‑One Cybersecurity Powerhouse

Shares of NASDAQ OKTA opened at $81.87 on Wednesday. The stock has a market cap of $14.33 billion, a P/E ratio of 96.32, a P/E/G ratio of 3.96 and a beta of 0.77. The firm has a 50 day moving average price of $87.06 and a 200 day moving average price of $94.08. Okta, Inc. has a 52-week low of $76.35 and a 52-week high of $127.57.

Okta (NASDAQ:OKTA - Get Free Report) last posted its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. During the same period last year, the business posted $0.67 earnings per share. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. Analysts predict that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

About Okta

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.

Featured Stories

• Five stocks we like better than Okta
• How to Know if a Stock Pays Dividends and When They Are Paid Out
• The $100 Million Tell: Following Smart Money Into DoorDash
• 3 Best Fintech Stocks for a Portfolio Boost
• Wall Street’s Sleeping Giant: Is Amazon About to Wake Up?
• What is a Special Dividend?
• Checkmate in the Cloud: ServiceNow's Shopping Spree

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.

Should You Invest $1,000 in Okta Right Now?

Before you consider Okta, you'll want to hear this.

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.

While Okta currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here