Okta (NASDAQ:OKTA) Stock Purchased by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Okta stock on September 4th. The trade occurred in the Representative’s “UBS BROKERAGE ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Okta Price Performance

Shares of OKTA opened at $232.13 on Friday. The firm has a market cap of $40.58 billion, a P/E ratio of 139.84, a price-to-earnings-growth ratio of 6.85 and a beta of 0.73. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $232.98. The company has a 50 day simple moving average of $173.68 and a two-hundred day simple moving average of $129.27.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. The firm had revenue of $805.00 million during the quarter, compared to analyst estimates of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. Okta’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, sell-side analysts anticipate that Okta, Inc. will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OKTA. Burkett Financial Services LLC purchased a new stake in shares of Okta in the third quarter worth approximately $26,000. SHP Wealth Management bought a new position in Okta in the 4th quarter valued at $27,000. Washington Trust Advisors Inc. grew its position in Okta by 64.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 77 shares during the last quarter. Polaris Financial Partners purchased a new stake in Okta in the third quarter worth $36,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Okta by 279.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock worth $40,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Analysts Set New Price Targets

OKTA has been the topic of several research reports. Mizuho lifted their target price on Okta from $165.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, September 24th. The Goldman Sachs Group lifted their price objective on Okta from $126.00 to $203.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Roth Capital increased their target price on Okta from $155.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. boosted their price target on shares of Okta from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, HSBC lowered shares of Okta from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Okta presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.10.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta’s latest quarterly results showed approximately 11% revenue growth, 17% growth in remaining performance obligations and 14% growth in current remaining performance obligations. Management also raised full-year free-cash-flow guidance to $910 million–$930 million, supporting the view that growth is translating into stronger cash generation. Okta second-quarter fiscal 2027 results
• Positive Sentiment: Investors are viewing Okta as a potential beneficiary of enterprise AI adoption. The company is positioning identity, governance and runtime controls as essential for securing AI agents, while its Blueprint Alliance with technology and cybersecurity partners strengthens that strategic narrative. Blueprint Alliance announcement
• Positive Sentiment: Okta’s push for phishing-resistant authentication, including its partnership with Yubico, gives the company additional exposure to growing concerns about AI-enhanced phishing attacks and passwordless security. Okta phishing-resistant authentication coverage
• Neutral Sentiment: Amerx initiated coverage with a Hold rating, while recent institutional activity was mixed: several large investors added shares, but UBS and Norges Bank reduced positions. Amerx Okta coverage
• Negative Sentiment: Valuation and insider activity remain risks. OKTA has gained sharply year to date, while the reported median analyst price target of $120 is well below the recent trading level. Insiders have made substantially more sales than purchases over the past six months, including selling by CEO Todd McKinnon and CFO Brett Tighe.

Insider Transactions at Okta

In other news, CEO Todd McKinnon sold 48,822 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total value of $9,446,080.56. Following the transaction, the chief executive officer directly owned 44,029 shares in the company, valued at approximately $8,518,730.92. This represents a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer directly owned 7,693 shares in the company, valued at $1,249,650.92. This represents a 84.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 137,766 shares of company stock worth $23,927,112. 4.61% of the stock is currently owned by insiders.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Okta Company Profile

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta’s products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.