Jonathan James Addison Sells 23,304 Shares of Okta (NASDAQ:OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) CRO Jonathan James Addison sold 23,304 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total value of $1,812,818.16. Following the completion of the sale, the executive directly owned 4,364 shares in the company, valued at $339,475.56. This trade represents a 84.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Okta Price Performance

Shares of NASDAQ:OKTA opened at $73.23 on Monday. Okta, Inc. has a 1-year low of $68.77 and a 1-year high of $127.57. The business has a fifty day moving average price of $81.61 and a 200-day moving average price of $85.97. The company has a market capitalization of $12.95 billion, a PE ratio of 55.90, a PEG ratio of 2.86 and a beta of 0.79.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $749.87 million. During the same quarter in the previous year, the business posted $0.78 EPS. Okta’s revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, sell-side analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta declared that its Board of Directors has initiated a stock repurchase program on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 earnings beat, revenue growth and FY‑2027 guidance plus a $1.0B share‑repurchase authorization provide fundamental and capital‑allocation support. Read More.
• Positive Sentiment: Subscription revenue and identity product adoption showed strength in Q4 (higher deal values), supporting the view that product momentum can drive longer‑term reacceleration. Read More.
• Positive Sentiment: Macquarie initiated coverage with an Outperform and a $100 target, signaling some buy‑side conviction on Okta’s recovery levers. Read More.
• Neutral Sentiment: Wall Street coverage remains skewed toward Buy/Overweight overall, but price targets are dispersed — a mixed analyst backdrop that can magnify short‑term moves. Read More.
• Neutral Sentiment: Large institutional position changes and active hedge fund flows are increasing attention/volatility; these portfolio moves can amplify intraday swings without changing fundamentals. Read More.
• Negative Sentiment: Sector‑wide AI competition fears after a leak about Anthropic’s “Claude Mythos” cybersecurity agent triggered a broad selloff in security names, pressuring Okta despite company‑specific news. Read More.
• Negative Sentiment: Post‑earnings reset: investors are shifting focus from margin/profitability highlights to forward demand metrics (net retention, cRPO, backlog) and several firms trimmed targets — that rotation weighed on the stock. Read More.
• Negative Sentiment: Significant insider selling disclosed (including CEO Todd McKinnon), plus recent/announced board departures — disclosures that can increase short‑term selling pressure even when filings cite non‑disagreement reasons. Read More.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Okta from $121.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Truist Financial lowered their price objective on Okta from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $134.00 target price on shares of Okta in a report on Friday, March 6th. BTIG Research decreased their price target on Okta from $116.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Barclays lowered their price target on Okta from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.25.

Hedge Funds Weigh In On Okta

Several institutional investors have recently made changes to their positions in OKTA. Corient Private Wealth LLC grew its position in Okta by 60.2% during the fourth quarter. Corient Private Wealth LLC now owns 17,914 shares of the company’s stock valued at $1,549,000 after buying an additional 6,732 shares during the period. Hsbc Holdings PLC raised its position in Okta by 12.1% in the fourth quarter. Hsbc Holdings PLC now owns 381,546 shares of the company’s stock worth $33,038,000 after acquiring an additional 41,162 shares during the period. SHP Wealth Management purchased a new position in shares of Okta during the 4th quarter worth $27,000. Kera Capital Partners Inc. boosted its stake in shares of Okta by 57.6% during the 4th quarter. Kera Capital Partners Inc. now owns 5,401 shares of the company’s stock worth $456,000 after acquiring an additional 1,975 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Okta by 19.1% during the 4th quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock valued at $47,450,000 after acquiring an additional 88,112 shares during the period. Institutional investors own 86.64% of the company’s stock.

Okta Company Profile

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.