Key Points
- Larissa Schwartz sold 1,318 Okta shares on Dec. 5 at an average price of $85.71 for $112,965.78, trimming her stake to 35,201 shares (a 3.61% reduction) after multiple similar insider sales in recent months.
- Okta beat Q results with $0.82 EPS vs. $0.76 expected and $742M revenue (up 11.6% year-over-year), and set FY2026 guidance of $3.430–$3.440 EPS and Q4 guidance of $0.840–$0.850 EPS.
- Several firms cut price targets this week (e.g., BTIG to $116, Susquehanna to $80, Morgan Stanley to $110), but the consensus rating remains a Moderate Buy with an average target of $112.91.
Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Larissa Schwartz sold 1,318 shares of the company's stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $85.71, for a total transaction of $112,965.78. Following the completion of the transaction, the insider owned 35,201 shares of the company's stock, valued at approximately $3,017,077.71. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Larissa Schwartz also recently made the following trade(s):
- On Tuesday, November 11th, Larissa Schwartz sold 1,318 shares of Okta stock. The stock was sold at an average price of $85.26, for a total transaction of $112,372.68.
- On Wednesday, October 8th, Larissa Schwartz sold 1,318 shares of Okta stock. The stock was sold at an average price of $91.65, for a total value of $120,794.70.
- On Wednesday, September 17th, Larissa Schwartz sold 3,348 shares of Okta stock. The shares were sold at an average price of $90.17, for a total transaction of $301,889.16.
Okta Price Performance
Shares of OKTA stock opened at $87.79 on Wednesday. Okta, Inc. has a one year low of $75.05 and a one year high of $127.57. The firm has a 50-day moving average of $86.57 and a 200-day moving average of $92.75. The company has a market cap of $15.37 billion, a P/E ratio of 80.54, a P/E/G ratio of 4.12 and a beta of 0.77.
Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $742.00 million during 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%. Okta's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business 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 expect that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on OKTA. BTIG Research reduced their target price on shares of Okta from $142.00 to $116.00 and set a "buy" rating on the stock in a report on Wednesday, December 3rd. Susquehanna cut their target price on shares of Okta from $105.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, December 3rd. Cowen restated a "hold" rating on shares of Okta in a research report on Wednesday, December 3rd. Morgan Stanley cut their target price on Okta from $123.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 3rd. Finally, Piper Sandler lowered their price target on Okta from $110.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, December 3rd. Twenty-three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $112.91.
View Our Latest Research Report on Okta
Hedge Funds Weigh In On Okta
A number of institutional investors and hedge funds have recently made changes to their positions in OKTA. Pinnacle Bancorp Inc. bought a new stake in shares of Okta in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in Okta during the 3rd quarter valued at about $26,000. Harbour Investments Inc. lifted its position in Okta by 152.4% in the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company's stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Promus Capital LLC bought a new stake in shares of Okta in the 2nd quarter worth $27,000. Finally, Kiker Wealth Management LLC increased its holdings in shares of Okta by 1,159.3% in the 2nd quarter. Kiker Wealth Management LLC now owns 340 shares of the company's stock worth $34,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 86.64% of the company's stock.
About Okta
(
Get Free Report)
Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.
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