Key Points
- Insider sale: Okta insider Eric Robert Kelleher sold 127 shares on December 22 at an average price of $91.40 for $11,607.80, leaving him with 11,266 shares (about $1.03M), a 1.11% reduction in his ownership.
- Pattern of selling: Kelleher has made larger recent dispositions — 8,370 shares sold on December 18 for $754,890.30 and 2,410 shares on October 1 for $221,069.30 — indicating continued insider selling this quarter.
- Company results: Okta beat the quarter with $0.82 EPS vs. $0.76 expected and $742M revenue vs. $730.2M expected, and set FY2026 guidance of $3.430–$3.440 EPS (Q4 guidance $0.840–$0.850).
Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Eric Robert Kelleher sold 127 shares of the business's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $91.40, for a total value of $11,607.80. Following the sale, the insider owned 11,266 shares in the company, valued at approximately $1,029,712.40. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Eric Robert Kelleher also recently made the following trade(s):
- On Thursday, December 18th, Eric Robert Kelleher sold 8,370 shares of Okta stock. The stock was sold at an average price of $90.19, for a total transaction of $754,890.30.
- On Wednesday, October 1st, Eric Robert Kelleher sold 2,410 shares of Okta stock. The stock was sold at an average price of $91.73, for a total transaction of $221,069.30.
Okta Stock Performance
Shares of NASDAQ OKTA opened at $90.94 on Tuesday. The firm has a 50 day moving average price of $86.14 and a two-hundred day moving average price of $91.53. The stock has a market cap of $16.12 billion, a P/E ratio of 83.43, a price-to-earnings-growth ratio of 4.25 and a beta of 0.78. Okta, Inc. has a 52-week low of $75.05 and a 52-week high of $127.57.
Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $742.00 million for the quarter, compared to analysts' expectations of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. Okta's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. Analysts predict that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on OKTA shares. Truist Financial raised Okta from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $125.00 in a research note on Monday, August 25th. Jefferies Financial Group upgraded shares of Okta from a "hold" rating to a "buy" rating and boosted their price target for the stock from $90.00 to $125.00 in a research report on Tuesday, December 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 price objective on shares of Okta in a research note on Friday, December 12th. Barclays lowered their target price on shares of Okta from $112.00 to $95.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Okta in a research report on Wednesday, October 8th. Twenty-four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.62.
Get Our Latest Report on Okta
Institutional Investors Weigh In On Okta
A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in Okta by 12.6% in the first quarter. Smartleaf Asset Management LLC now owns 824 shares of the company's stock valued at $89,000 after acquiring an additional 92 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Okta by 5.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company's stock worth $224,000 after purchasing an additional 113 shares during the period. Norden Group LLC lifted its holdings in shares of Okta by 3.7% in the 2nd quarter. Norden Group LLC now owns 3,260 shares of the company's stock worth $326,000 after purchasing an additional 116 shares in the last quarter. Advisors Asset Management Inc. grew its position in Okta by 12.6% in the 1st quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company's stock valued at $113,000 after purchasing an additional 120 shares during the period. Finally, Simon Quick Advisors LLC increased its stake in Okta by 2.5% during the 2nd quarter. Simon Quick Advisors LLC now owns 5,110 shares of the company's stock valued at $511,000 after purchasing an additional 126 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.
Okta Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
