E. Ohman J:or Asset Management 13F: Cuts OKTA Stake by $3.8M

E. Ohman J:or Asset Management lowered its position in Okta, Inc. (NasdaqGS: OKTA) by 18,300 shares during the period, according to a Form 13F filing disclosed on October 22, 2026. Okta closed at $199.70 on the day of the filing.

OKTA Okta, Inc.

$204.75 ▲ +144.80% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in E. Ohman J:or's Okta Position

The firm trimmed its holdings by a 12.5% decrease, leaving it with 127,856 shares of the identity software provider. The remaining stake was valued at approximately $26.7 million at the time of the report. In the previous quarter, the firm held 146,156 shares.

Other Institutional Activity in Okta

Other large funds adjusted their positions in the software maker around the same reporting window. Livforsakringsbolaget Skandia reduced its stake by 23,300 shares to hold 300 shares valued at $62,733. Davenport cut 431,267 shares to end with 376,237 shares worth about $78.1 million. First Trust Advisors boosted its holdings by 303,274 shares, ending with 4,497,939 shares valued at $898.2 million. Allspring Global Investments grew its stake by 80,657 shares to hold 3,633,828 shares worth approximately $725.7 million. Massachusetts Financial Services trimmed 676,413 shares to finish with 3,060,676 shares valued at $611.2 million.

Okta, Inc. Stock Up 5.7%

Okta recently traded around $205.04 as of October 22, 2026, up about 2.7% from its event close of $199.70. The stock has traded between a 52-week low of $62.66 and a 52-week high of $235.00.

Recent Earnings

Okta posted trailing twelve-month revenue of $3.07 billion with earnings of $1.66 per share. The company reported a net margin of 9.6% and a return on equity of 4.3%. Its next earnings report is scheduled for December 1, 2026.

Insider Buying and Selling at Okta, Inc.

Chief Financial Officer Brett Tighe sold 80,000 shares on September 2, 2026, valued at about $12.9 million. President Eric Robert Kelleher sold 2,549 shares on September 11 at an average price of $168.55 for a total of $429,643, and later sold 6,395 shares on September 18. Chief Executive Officer Todd Mckinnon sold 48,822 shares on September 22 for roughly $9.4 million.

Analysts Set New Price Targets

Scotiabank maintained a sector outperform rating and raised its price target from $190.00 to $245.00 on September 28, 2026. Morgan Stanley kept an overweight rating and bumped its target from $200.00 to $245.00 on September 29. Amerx initiated coverage with a hold rating on October 8. BMO Capital maintained an outperform rating and lifted its target from $230.00 to $245.00 on October 9. Citigroup maintained a neutral rating and raised its target from $205.00 to $215.00 on October 15. The stock carries a consensus buy rating and a mean price target of $214.72 across 43 analyst opinions.

About Okta

Okta, Inc. provides cloud software that manages and secures user authentication for businesses. Based in San Francisco, the company helps organizations control access to applications and infrastructure. Institutional portfolio adjustments offer a window into how large managers balance their software holdings.

Bottom Line

Investors continue to track institutional portfolio changes alongside upcoming corporate milestones. Okta's next financial update is slated for December 1, 2026.