Brett Tighe Sells 10,000 Shares of Okta (NASDAQ:OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) CFO Brett Tighe sold 10,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the sale, the chief financial officer owned 134,385 shares of the company’s stock, valued at $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Okta Price Performance

OKTA traded down $1.41 on Thursday, reaching $91.94. 3,401,886 shares of the company’s stock were exchanged, compared to its average volume of 2,828,561. Okta, Inc. has a twelve month low of $75.05 and a twelve month high of $127.57. The stock has a market cap of $16.29 billion, a PE ratio of 84.35, a P/E/G ratio of 4.40 and a beta of 0.76. The stock’s fifty day moving average price is $86.53 and its 200-day moving average price is $90.42.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $742.00 million for the quarter, compared to analyst estimates of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, research analysts predict that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta declared that its Board of Directors has approved a share buyback program on Monday, January 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: KeyCorp reiterated an Overweight stance with a $140 price target and published quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus — this is a material bullish signal for institutional demand.
• Positive Sentiment: UBS issued a “Buy” on Okta, adding another high-profile buy-side endorsement that can support the stock. Okta (OKTA) Receives a Buy from UBS
• Positive Sentiment: Multiple analysts highlighted upside (one note suggesting ~28% rally potential), increasing the chance of renewed buying interest if momentum shifts. Okta To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Wednesday
• Positive Sentiment: Okta began a beta of digital identity verification for U.S. mobile driver’s licenses (mDLs), a product milestone that could expand TAM and drive enterprise/security customer momentum. Okta begins beta test of digital identity verification for US mDLs
• Neutral Sentiment: Industry commentary highlights AI-driven security as a secular tailwind for identity platforms like Okta — supportive long-term context but not an immediate catalyst. Identity at the Centre: Why AI Is Accelerating a New Security Imperative
• Neutral Sentiment: Okta was included in a list of “safest growth stocks” — positive framing for long-term investors but unlikely to move price materially in the near term. 5 of the Safest Growth Stocks You Can Confidently Buy for 2026
• Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~$95.07), trimming his stake by ~6.9% — an insider sale that can trigger short-term caution and headline-driven selling. Insider transaction: Brett Tighe sold OKTA shares
• Negative Sentiment: Market commentary noted the stock declined today versus broader gains, reflecting profit-taking/rotation despite supportive analyst notes. Okta (OKTA) Stock Sinks As Market Gains: Here’s Why

Institutional Trading of Okta

Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in Okta by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock valued at $224,000 after purchasing an additional 113 shares in the last quarter. Norden Group LLC boosted its holdings in shares of Okta by 3.7% in the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company’s stock valued at $326,000 after buying an additional 116 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Okta by 30.8% in the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock valued at $44,000 after buying an additional 119 shares in the last quarter. Simon Quick Advisors LLC raised its stake in Okta by 2.5% during the 2nd quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company’s stock worth $511,000 after acquiring an additional 126 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Analyst Ratings Changes

OKTA has been the topic of several analyst reports. BTIG Research reduced their price target on Okta from $142.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. Stephens upgraded shares of 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. Cantor Fitzgerald reiterated an “overweight” rating on shares of Okta in a report on Wednesday, December 17th. Jefferies Financial Group raised shares of Okta from a “hold” rating to a “buy” rating and increased their price target for the company from $90.00 to $125.00 in a research note on Tuesday, December 16th. Finally, Piper Sandler lifted their price target on shares of Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Twenty-five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.88.

About Okta

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.