SCHEDULE: FMR LLC Holds 11.6% of Okta Stock

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 11.6% of Okta Inc.'s Class A Common Stock as of July 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson, through various entities, collectively hold a significant stake in Okta Inc.
• The total beneficial ownership reported is 19,294,277.37 shares of Class A Common Stock.
• This represents 11.6% of the total outstanding Class A Common Stock of Okta Inc.
• The filing is an amendment (Amendment No. 7) to a Schedule 13G.
• The reporting date for the event requiring this filing is July 31, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but stable institutional holding without immediate aggressive action.

Positives

• FMR LLC and Abigail P. Johnson, significant institutional investors, maintain a substantial and consistent holding in Okta Inc.
• The filing confirms a large beneficial ownership of 11.6%, indicating strong long-term conviction from these investors.
• The reporting entities (FMR LLC and its subsidiaries, Abigail P. Johnson) are classified as investment advisors (IA) and banks (BK), suggesting a professional and strategic investment approach.

Negatives

• The filing does not disclose any new acquisitions or divestitures, suggesting a static position rather than active engagement.
• No specific forward-looking statements or strategic intentions beyond maintaining the current holding are detailed.

Risks

• While not explicitly stated as a risk in this filing, any significant shift in FMR LLC's or Abigail P. Johnson's holdings could impact Okta's stock price due to the size of their stake.
• The filing does not provide details on the specific investment strategies or reasons for maintaining this stake, leaving potential future changes unaddressed.

Future Outlook

This filing is primarily a disclosure of beneficial ownership and does not contain specific forward-looking statements or guidance from Okta Inc. regarding its future business operations or financial performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that large institutional holdings, as reported in Schedule 13G filings, are common in the technology sector. The consistent ownership by entities like FMR LLC suggests a belief in the long-term value proposition of identity and access management solutions provided by Okta, despite broader market fluctuations.

Comparison to Industry Standards

• Filing as a Schedule 13G indicates passive investment, which is a standard approach for many institutional investors managing large portfolios.
• The 11.6% ownership stake is substantial for a single institutional holder in the software industry, often exceeding the average stake held by many mutual funds or ETFs in comparable companies.
• Entities like FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company BK, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, all classified as Investment Advisors (IA) or Banks (BK), are typical participants in the institutional investment landscape.

Stakeholder Impact

• Shareholders: The significant and stable holding by FMR LLC and Abigail P. Johnson can be seen as a sign of confidence, potentially supporting share price stability.
• Management: The passive nature of the filing suggests no immediate intent to influence Okta's management or strategic direction.
• Creditors: A large, stable institutional holder can indirectly signal financial stability and long-term viability to creditors.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership of Okta Inc. Class A Common Stock.
• Future amendments to this Schedule 13G will be filed if there are any material changes in beneficial ownership.

Key Dates

Keywords

Okta Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Investment Advisor