Insider Selling: Okta (NASDAQ:OKTA) Insider Sells $295,560.00 in Stock

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 2,463 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $120.00, for a total transaction of $295,560.00. Following the completion of the transaction, the insider directly owned 25,241 shares in the company, valued at $3,028,920. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 2nd, Larissa Schwartz sold 24,971 shares of Okta stock. The shares were sold at an average price of $134.13, for a total value of $3,349,360.23.
• 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 value of $84,320.00.
• On Wednesday, May 6th, Larissa Schwartz sold 5,323 shares of Okta stock. The stock was sold at an average price of $77.06, for a total value of $410,190.38.
• On Tuesday, April 7th, Larissa Schwartz sold 6,377 shares of Okta stock. The stock was sold at an average price of $79.75, for a total value of $508,565.75.

Okta Price Performance

OKTA opened at $124.28 on Friday. The company has a market capitalization of $21.60 billion, a PE ratio of 90.06, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. Okta, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $142.35. The business has a 50-day moving average of $97.94 and a 200-day moving average of $88.30.

Okta (NASDAQ:OKTA) last announced its quarterly 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. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $751.84 million. Okta had a return on equity of 4.15% and a net margin of 8.24%.The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. 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, equities research analysts expect that Okta, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OKTA. The Goldman Sachs Group restated a “buy” rating and set a $126.00 price target on shares of Okta in a report on Friday, May 29th. Canaccord Genuity Group increased their target price on shares of Okta from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Barclays raised their target price on Okta from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Scotiabank boosted their price target on Okta from $80.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Finally, Raymond James Financial upgraded Okta from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.97.

Institutional Investors Weigh In On Okta

A number of hedge funds have recently bought and sold shares of OKTA. Robeco Institutional Asset Management B.V. increased its position in Okta by 52.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock worth $40,241,000 after buying an additional 161,069 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Okta in the fourth quarter worth $3,122,000. Elo Mutual Pension Insurance Co grew its stake in shares of Okta by 40.1% in the third quarter. Elo Mutual Pension Insurance Co now owns 52,597 shares of the company’s stock worth $4,823,000 after acquiring an additional 15,058 shares during the last quarter. Swedbank AB increased its position in Okta by 124.3% during the fourth quarter. Swedbank AB now owns 1,819,081 shares of the company’s stock worth $157,296,000 after acquiring an additional 1,007,915 shares during the period. Finally, Congress Asset Management Co. increased its position in Okta by 23.0% during the fourth quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock worth $8,480,000 after acquiring an additional 18,325 shares during the period. 86.64% of the stock is currently owned by institutional investors.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: BTIG raised its price target on Okta to $136 from $119 and kept a Buy rating, signaling confidence that shares can still run further after the recent rally.
• Positive Sentiment: Needham also lifted its target to $140 from $120 and reiterated Buy, reinforcing the view that Okta’s AI-related monetization and security platform remain strong growth drivers.
• Positive Sentiment: Okta’s latest quarter beat expectations on both earnings and revenue, with revenue up 11.2% year over year, which continues to support bullish sentiment. Okta earnings and stock information
• Positive Sentiment: Okta expanded its Cross App Access ecosystem to secure AI agent connections, a development that could deepen its role in enterprise AI security. Okta expands Cross App Access ecosystem
• Neutral Sentiment: Analyst coverage is mixed overall, with some firms raising targets while others remain cautious, leaving the broader rating picture constructive but not unanimous. Analysts have conflicting sentiments on Okta
• Neutral Sentiment: Shares are drawing attention as a “trending stock,” which can help trading activity but does not change the underlying fundamentals. Okta trending stock coverage
• Neutral Sentiment: Larissa Schwartz sold shares in a pre-arranged 10b5-1 plan, which is routine, though investors often view insider selling cautiously. Larissa Schwartz insider sale
• Negative Sentiment: One Seeking Alpha note downgraded Okta and warned that enthusiasm around “agentic AI” monetization may be overdone, raising the risk of a valuation correction.

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.