BlackRock Amends Okta Stake, Signals Continued Passive Investment
Ticker: OKTA · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1660134
| Field | Detail |
|---|---|
| Company | Okta, Inc. (OKTA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13g
Related Tickers: OKTA
TL;DR
**BlackRock still owns a big chunk of Okta, showing they're sticking with the stock.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Okta, Inc. Class A Common Stock as of December 31, 2023. This filing, an amendment number 4, indicates BlackRock's continued significant, but passive, investment in Okta. This matters to investors because BlackRock is one of the world's largest asset managers, and its substantial holding signals a vote of confidence in Okta's long-term prospects, potentially influencing other institutional investors.
Why It Matters
BlackRock's ongoing significant ownership in Okta, Inc. suggests institutional confidence in the company, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment, posing minimal direct risk to shareholders.
Analyst Insight
Investors should note BlackRock's continued passive stake as a sign of institutional stability, but this filing alone doesn't suggest an immediate buy or sell action. It's a routine update on a significant, but non-activist, holding.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and a major institutional investor
- Okta, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of securities of Okta, Inc. does BlackRock, Inc. hold?
BlackRock, Inc. holds Class A Common Stock of Okta, Inc., as stated in the 'Title of Class of Securities' section of the filing.
What is the CUSIP number associated with Okta, Inc.'s securities in this filing?
The CUSIP number for Okta, Inc.'s Class A Common Stock is 679295105, as listed in the filing.
When was the event that triggered this SC 13G/A filing?
The event which required the filing of this statement occurred on December 31, 2023, according to the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.
What is the accession number for this specific SEC filing?
The accession number for this filing is 0001086364-24-005623, as found at the beginning of the document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Okta, Inc. (OKTA).