Champlain Investment Partners LLC Purchases 75,987 Shares of Okta, Inc. $OKTA

Champlain Investment Partners LLC grew its position in shares of Okta, Inc. (NASDAQ:OKTA) by 4.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,700,387 shares of the company’s stock after purchasing an additional 75,987 shares during the period. Okta makes up approximately 1.2% of Champlain Investment Partners LLC’s portfolio, making the stock its 24th biggest holding. Champlain Investment Partners LLC’s holdings in Okta were worth $155,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OKTA. Vanguard Group Inc. raised its holdings in Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after buying an additional 1,074,977 shares during the last quarter. First Trust Advisors LP increased its position in Okta by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock valued at $489,966,000 after acquiring an additional 407,087 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Okta by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock valued at $425,082,000 after acquiring an additional 179,919 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Okta by 11.1% during the second quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock valued at $314,488,000 after acquiring an additional 314,525 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Okta during the second quarter worth $211,923,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OKTA. Guggenheim restated a “buy” rating and issued a $138.00 price objective on shares of Okta in a report on Wednesday, December 3rd. KeyCorp decreased their price target on Okta from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Stephens upgraded Okta from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $97.00 to $120.00 in a research report on Wednesday, January 14th. Roth Mkm reiterated a “buy” rating on shares of Okta in a report on Wednesday, December 3rd. Finally, UBS Group reissued a “buy” rating on shares of Okta in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.26.

Insider Activity at Okta

In other news, insider Eric Robert Kelleher sold 8,370 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $90.19, for a total transaction of $754,890.30. Following the transaction, the insider owned 11,266 shares of the company’s stock, valued at $1,016,080.54. This represents a 42.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Mckinnon sold 11,286 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,245 shares of company stock valued at $3,385,624 in the last ninety days. Insiders own 5.68% of the company’s stock.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analysts and previews flag potential upside from Q4 trends — Zacks and other previews expect steady revenue growth, rising RPO and continued AI/security momentum that could support the stock around the upcoming report. Okta Set to Report Q4 Earnings
• Positive Sentiment: Robert W. Baird (reported via TipRanks) maintained a Buy rating and a $125 price target, signaling continued conviction from at least one buy‑side analyst. Baird Buy Rating
• Positive Sentiment: Okta announced management will present at an upcoming investor conference — a visibility event that can help reinforce guidance and sell‑side dialogue ahead of earnings. Okta to Present at Upcoming Investor Conference
• Neutral Sentiment: Market commentary is asking whether the recent share slide leaves Okta undervalued; that narrative can attract value investors but also highlights ongoing caution. Is It Time To Reconsider Okta
• Neutral Sentiment: Profile pieces on Okta executives and engineering/security leadership add context but are unlikely to move the stock materially near term. Executive Profile
• Negative Sentiment: BMO Capital trimmed its price target to $83 and kept a Market Perform rating — a notable downgrade that signals more cautious near‑term expectations from that shop. BMO Capital Expects Solid Q1
• Negative Sentiment: Several sell‑side shops have reduced targets recently (Jefferies: $125 → $105; BTIG: $116 → $90; Cantor Fitzgerald: lowered to $100), which increases headline risk and could cap near‑term upside even where ratings remain Buy. Jefferies/BTIG Price Target Cuts Cantor Fitzgerald Cuts PT

Okta Price Performance

NASDAQ OKTA opened at $73.97 on Tuesday. The stock has a market capitalization of $13.11 billion, a P/E ratio of 67.86, a P/E/G ratio of 2.81 and a beta of 0.79. The business has a 50 day simple moving average of $86.06 and a 200 day simple moving average of $87.76. Okta, Inc. has a one year low of $68.77 and a one year high of $127.57.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $742.00 million for the quarter, compared to analysts’ expectations of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Equities analysts expect that Okta, Inc. will post 0.42 earnings per share for the current year.

Okta announced that its board has approved a stock buyback plan on Monday, January 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Okta Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.