Okta (NASDAQ:OKTA) Insider Larissa Schwartz Sells 24,971 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 24,971 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $134.13, for a total transaction of $3,349,360.23. Following the completion of the sale, the insider directly owned 23,477 shares of the company’s stock, valued at $3,148,970.01. The trade was a 51.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Larissa Schwartz also recently made the following trade(s):

• On Thursday, May 7th, Larissa Schwartz sold 1,054 shares of Okta stock. The shares were sold at an average price of $80.00, for a total transaction of $84,320.00.
• On Wednesday, May 6th, Larissa Schwartz sold 5,323 shares of Okta stock. The shares were sold at an average price of $77.06, for a total transaction of $410,190.38.
• On Tuesday, April 7th, Larissa Schwartz sold 6,377 shares of Okta stock. The shares were sold at an average price of $79.75, for a total transaction of $508,565.75.
• On Tuesday, March 10th, Larissa Schwartz sold 1,836 shares of Okta stock. The shares were sold at an average price of $79.89, for a total transaction of $146,678.04.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $123.48 on Friday. Okta, Inc. has a 52 week low of $62.66 and a 52 week high of $142.35. The company has a market capitalization of $21.84 billion, a PE ratio of 89.48, a PEG ratio of 4.85 and a beta of 0.80. The company has a 50 day moving average price of $84.03 and a two-hundred day moving average price of $84.26.

Okta (NASDAQ:OKTA) last issued its earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. On average, sell-side analysts forecast that Okta, Inc. will post 1.62 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC boosted its holdings in Okta by 825.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. SHP Wealth Management bought a new position in shares of Okta in the 4th quarter valued at about $27,000. Torren Management LLC bought a new position in shares of Okta in the 4th quarter valued at about $32,000. Aster Capital Management DIFC Ltd bought a new position in shares of Okta in the 3rd quarter valued at about $34,000. Finally, Westside Investment Management Inc. grew its position in shares of Okta by 86.9% in the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock valued at $38,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

OKTA has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $126.00 price objective on shares of Okta in a research report on Friday, May 29th. Seaport Research Partners downgraded shares of Okta to a “neutral” rating in a research report on Thursday, April 16th. Royal Bank Of Canada increased their price objective on shares of Okta from $108.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Barclays increased their price objective on shares of Okta from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, DA Davidson increased their price objective on shares of Okta from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.29.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: CEO Todd McKinnon said fears that AI will disrupt SaaS are “overblown,” reinforcing the view that Okta can benefit from rising AI-related identity security demand. Management also highlighted momentum in core identity products, Auth0, identity governance, privileged access, and new AI agent identity offerings. SaaSpocalypse Is Overblown, Says Okta CEO
• Positive Sentiment: Analyst coverage and commentary remained favorable after the recent earnings beat, with articles pointing to strong enterprise adoption, partner traction, and continued upside from Okta’s AI identity strategy. 5 Insightful Analyst Questions From Okta’s Q1 Earnings Call
• Positive Sentiment: Recent market reaction to Okta’s Q1 results was strong, with the company beating revenue and EPS estimates and raising enthusiasm around AI-driven identity growth. Okta (OKTA) Stock Soars 30% on Earnings — AI Identity Boom Fuels Rally
• Neutral Sentiment: Okta presented at the Evercore Global TMT Conference, which may have helped keep investor focus on the company’s execution and strategy, but the transcript itself did not introduce a clear new catalyst. Okta, Inc. (OKTA) Presents at 2026 Evercore Global TMT Conference Transcript
• Negative Sentiment: One analyst note weighed on the stock after Mizuho downgraded Okta to Neutral from Outperform, citing valuation concerns after the sharp run-up in the share price. Why Okta (OKTA) Stock Is Down Today
• Negative Sentiment: Insider Larissa Schwartz sold 24,971 shares in a Rule 10b5-1 transaction, trimming ownership by more than half. While pre-planned, insider selling can still create caution for investors. SEC Form 4 filing

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.