Versor Investments LP Has $661,000 Position in Okta, Inc. $OKTA

Versor Investments LP lowered its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 80.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,611 shares of the company’s stock after selling 26,756 shares during the period. Versor Investments LP’s holdings in Okta were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Okta during the second quarter worth $210,000. Simon Quick Advisors LLC boosted its stake in Okta by 2.5% during the second 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. Strs Ohio acquired a new stake in Okta during the second quarter worth $14,190,000. Amalgamated Bank boosted its stake in Okta by 703.8% during the second quarter. Amalgamated Bank now owns 77,996 shares of the company’s stock worth $7,797,000 after buying an additional 68,292 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. acquired a new stake in Okta during the second quarter worth $233,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

OKTA has been the topic of a number of recent research reports. Bank of America reiterated an “underperform” rating and set a $75.00 price target on shares of Okta in a research note on Wednesday, August 27th. Westpark Capital restated a “buy” rating and issued a $140.00 target price on shares of Okta in a research note on Wednesday, August 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Okta in a research note on Friday, September 26th. Zacks Research downgraded shares of Okta from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Jefferies Financial Group boosted their target price on shares of Okta from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Okta presently has a consensus rating of “Hold” and a consensus price target of $118.94.

Insiders Place Their Bets

In related news, insider Larissa Schwartz sold 3,348 shares of Okta stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $90.17, for a total value of $301,889.16. Following the completion of the transaction, the insider directly owned 39,155 shares of the company’s stock, valued at $3,530,606.35. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric Robert Kelleher sold 8,522 shares of Okta stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $92.62, for a total value of $789,307.64. Following the completion of the transaction, the insider directly owned 9,174 shares of the company’s stock, valued at $849,695.88. This represents a 48.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,657 shares of company stock valued at $5,898,754 over the last three months. Company insiders own 5.68% of the company’s stock.

Okta Stock Down 0.5%

Okta stock opened at $91.08 on Tuesday. The stock has a 50-day simple moving average of $90.90 and a 200 day simple moving average of $98.47. Okta, Inc. has a 12-month low of $70.92 and a 12-month high of $127.57. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 107.15, a P/E/G ratio of 4.49 and a beta of 0.84.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The business had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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, sell-side analysts anticipate that Okta, Inc. will post 0.42 EPS for the current year.

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.