Bryce Point Capital LLC Purchases 2,116 Shares of Okta, Inc. $OKTA

Bryce Point Capital LLC boosted its position in shares of Okta, Inc. (NASDAQ:OKTA) by 27.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,718 shares of the company’s stock after acquiring an additional 2,116 shares during the period. Okta makes up approximately 0.8% of Bryce Point Capital LLC’s holdings, making the stock its 15th largest holding. Bryce Point Capital LLC’s holdings in Okta were worth $972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in Okta during the second quarter valued at about $26,000. Wayfinding Financial LLC bought a new position in Okta during the first quarter valued at about $27,000. Harbour Investments Inc. increased its stake in 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 acquiring an additional 157 shares during the period. Kiker Wealth Management LLC boosted its holdings in Okta by 1,159.3% during 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. Finally, Cullen Frost Bankers Inc. boosted its holdings in Okta by 88.3% during the second quarter. Cullen Frost Bankers Inc. now owns 339 shares of the company’s stock valued at $34,000 after purchasing an additional 159 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Okta news, CEO Todd Mckinnon sold 31,968 shares of the company’s stock in a transaction on 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 link. Also, CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the transaction, the chief financial officer directly owned 133,336 shares in the company, valued at approximately $12,666,920. This represents a 6.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 63,657 shares of company stock worth $5,898,754 over the last ninety days. 5.68% of the stock is owned by insiders.

Okta Price Performance

Shares of OKTA opened at $91.08 on Tuesday. The company has a market capitalization of $15.95 billion, a P/E ratio of 107.15, a PEG ratio of 4.49 and a beta of 0.84. Okta, Inc. has a one year low of $70.92 and a one year high of $127.57. The business’s 50 day simple moving average is $90.90 and its 200-day simple moving average is $98.47.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. The business 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%.Okta’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business 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, sell-side analysts anticipate that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OKTA shares. Zacks Research downgraded Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Guggenheim reaffirmed a “buy” rating and set a $138.00 price objective on shares of Okta in a report on Wednesday, August 27th. Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Arete started coverage on Okta in a report on Monday, July 7th. They set a “sell” rating and a $83.00 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $140.00 price objective on shares of Okta in a report on Friday, September 26th. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Okta currently has an average rating of “Hold” and an average target price of $118.94.

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.