Burney Co. Reduces Okta Holdings by 84%

Investment firm trims stake in cybersecurity firm Okta during Q4 2025

Apr. 15, 2026 at 8:09am by

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A highly detailed, black-and-white close-up photograph of the inner workings of a complex banking or financial machine, representing the technological backbone of cybersecurity companies like Okta.An extreme close-up of the intricate mechanical components powering Okta's cloud-based identity management services reflects the firm's critical role in the broader cybersecurity landscape.San Francisco Today

Burney Co., an investment management firm, reduced its holdings in Okta, Inc. (NASDAQ:OKTA) by 84.4% during the fourth quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 6,972 shares of the cybersecurity company's stock, down from 44,684 shares previously.

Why it matters

Okta is a leading provider of identity and access management solutions, and its stock performance is closely watched by investors as a bellwether for the broader cybersecurity industry. Burney Co.'s decision to significantly reduce its Okta position could signal broader concerns about the company's growth prospects or valuation.

The details

In its 13F filing, Burney Co. reported selling 37,712 shares of Okta stock during the fourth quarter. The firm's remaining 6,972 shares were worth approximately $603,000 as of the end of 2025. Okta's stock price has fluctuated significantly in recent quarters, trading between a 52-week low of $62.66 and a high of $127.57.

  • Burney Co. filed its 13F report for the fourth quarter of 2025 on April 15, 2026.
  • The firm reduced its Okta holdings during the three-month period ending December 31, 2025.

The players

Burney Co.

An investment management firm that reduced its stake in Okta, Inc. by 84.4% during Q4 2025.

Okta, Inc.

A leading provider of identity and access management solutions, headquartered in San Francisco, California.

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The takeaway

Burney Co.'s significant reduction in its Okta holdings could signal broader concerns about the cybersecurity firm's growth prospects or valuation, though the reasons behind the portfolio move are not entirely clear. Investors will be watching Okta's stock performance and future 13F filings closely for further insights.