Key Points
- CEO Todd McKinnon sold 11,286 shares on Dec. 22 at an average price of $90.96 for about $1.03M, a prominent insider sale that may concern investors.
- Okta beat the quarter with $0.82 EPS versus $0.76 expected and $742M revenue (up 11.6% year‑over‑year), and set FY2026 guidance of $3.430–3.440 EPS (Q4: $0.840–0.850).
- Analyst view is mixed but tilted positive: the consensus rating is "Moderate Buy" with an average price target of $113.62, though several firms recently trimmed targets and the stock trades near $89 with a P/E around 81.7.
Okta, Inc. (NASDAQ:OKTA - Get Free Report) CEO Todd Mckinnon sold 11,286 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total value of $1,026,574.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Okta Trading Down 2.1%
NASDAQ:OKTA opened at $89.06 on Wednesday. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 81.71, a price-to-earnings-growth ratio of 4.29 and a beta of 0.77. Okta, Inc. has a twelve month low of $75.05 and a twelve month high of $127.57. The stock has a fifty day simple moving average of $86.14 and a 200-day simple moving average of $91.42.
Okta (NASDAQ:OKTA - Get Free Report) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The company had revenue of $742.00 million for the quarter, compared to the consensus estimate of $730.23 million. During the same quarter last year, the firm posted $0.67 EPS. The firm's revenue was up 11.6% compared to the same quarter last year. 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, equities research analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Piper Sandler dropped their price objective on Okta from $110.00 to $95.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 3rd. Citigroup dropped their price target on Okta from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 3rd. Needham & Company LLC restated a "buy" rating and set a $110.00 price target on shares of Okta in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Okta from $110.00 to $85.00 and set a "hold" rating for the company in a research note on Wednesday, December 3rd. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Okta in a report on Monday, December 1st. Twenty-four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $113.62.
Check Out Our Latest Report on Okta
Okta News Summary
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Board and strategy: Okta added SaaS/cybersecurity expertise to its board, a move analysts and commentators say could strengthen Okta’s AI security narrative and product positioning. This supports the company’s longer-term growth story in identity + AI. Does New SaaS and Cybersecurity Expertise on Okta's Board
- Positive Sentiment: Analyst support: Several firms (Jefferies, Truist, Needham) have moved OKTA toward buy/upgraded views and raised price targets this season, keeping a constructive broker narrative that can support upside if execution on AI/security continues. MarketBeat OKTA coverage
- Neutral Sentiment: Investor interest: Okta has been among heavily searched names on Zacks, signaling elevated attention and volatility potential but not new fundamental news. Investors Heavily Search Okta
- Neutral Sentiment: Thought leadership: Interviews and commentary on identity and AI governance (DQ India) and CEO remarks cautioning against rash moves to AI startups are visibility-positive but not material catalysts. Navigating the new era of identity and AI governance
- Negative Sentiment: Insider selling — CEO: CEO Todd McKinnon sold 11,286 shares at an average ~$90.96 (~$1.03M). Insider sales by founders/executives often spook investors even if for diversification or taxes. SEC filing - McKinnon sale
- Negative Sentiment: Insider selling — other insiders: Eric Robert Kelleher disclosed recent sales (127 shares at $91.40 plus a prior sale of 8,370 shares on Dec 18 that cut his stake by ~42.6%). Multiple insider sales in close succession amplify concern about insider conviction. SEC filing - Kelleher sales
Hedge Funds Weigh In On Okta
A number of large investors have recently added to or reduced their stakes in OKTA. Advisors Management Group Inc. ADV lifted its position in shares of Okta by 21.5% during the third quarter. Advisors Management Group Inc. ADV now owns 26,125 shares of the company's stock valued at $2,396,000 after buying an additional 4,618 shares during the last quarter. Allworth Financial LP raised its stake in shares of Okta by 6.4% during the 3rd quarter. Allworth Financial LP now owns 2,251 shares of the company's stock worth $206,000 after acquiring an additional 135 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in Okta by 15.6% during the third quarter. Swiss Life Asset Management Ltd now owns 18,131 shares of the company's stock valued at $1,663,000 after acquiring an additional 2,443 shares during the last quarter. Cantor Fitzgerald L. P. boosted its stake in Okta by 197.5% in the third quarter. Cantor Fitzgerald L. P. now owns 17,417 shares of the company's stock valued at $1,597,000 after acquiring an additional 11,562 shares in the last quarter. Finally, Cambria Investment Management L.P. grew its holdings in Okta by 1.5% in the third quarter. Cambria Investment Management L.P. now owns 15,627 shares of the company's stock worth $1,433,000 after purchasing an additional 228 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.
About Okta
(
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.
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