Key Points
- Insider Larissa Schwartz sold 1,899 shares of Okta on January 7 at an average price of $90.74 for about $172,315, reducing her position by 4.74% to 38,164 shares (valued ~ $3.46M).
- Okta beat quarterly estimates with $0.82 EPS versus $0.76 expected and $742M in revenue (up 11.6% y/y), and set FY2026 guidance of $3.430–3.440 EPS and Q4 guidance of $0.840–0.850 EPS.
- The board authorized a $1.00 billion share repurchase (up to ~6.8% of outstanding shares), and analysts collectively give Okta a "Moderate Buy" rating with an average price target of $114.09.
Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Larissa Schwartz sold 1,899 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total transaction of $172,315.26. Following the transaction, the insider directly owned 38,164 shares of the company's stock, valued at $3,463,001.36. The trade was a 4.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Larissa Schwartz also recently made the following trade(s):
- On Friday, December 5th, Larissa Schwartz sold 1,318 shares of Okta stock. The stock was sold at an average price of $85.71, for a total value of $112,965.78.
- On Tuesday, November 11th, Larissa Schwartz sold 1,318 shares of Okta stock. The shares were sold at an average price of $85.26, for a total value of $112,372.68.
Okta Trading Down 1.8%
OKTA opened at $92.23 on Friday. The stock's 50-day moving average price is $86.21 and its 200 day moving average price is $90.58. Okta, Inc. has a 12-month low of $75.05 and a 12-month high of $127.57. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 84.61, a PEG ratio of 4.39 and a beta of 0.76.
Okta (NASDAQ:OKTA - Get Free Report) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, beating 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 business had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. During the same quarter last year, the firm posted $0.67 earnings per share. The business's revenue for the quarter 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. On average, research analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current year.
Okta announced that its board has authorized a share repurchase program on Monday, January 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several research analysts recently commented on OKTA shares. Scotiabank lowered their target price on Okta from $105.00 to $85.00 and set a "sector perform" rating for the company in a research note on Wednesday, December 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $110.00 price objective on shares of Okta in a research note on Friday, December 12th. Guggenheim reaffirmed a "buy" rating and issued a $138.00 target price on shares of Okta in a report on Wednesday, December 3rd. Robert W. Baird lowered their price target on shares of Okta from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Monday, September 29th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Okta in a report on Monday, December 1st. Twenty-four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.09.
Check Out Our Latest Stock Analysis on Okta
Institutional Trading of Okta
Several institutional investors have recently modified their holdings of OKTA. Advisors Asset Management Inc. raised its stake in Okta by 12.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,073 shares of the company's stock worth $113,000 after acquiring an additional 120 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Okta during the first quarter worth about $225,000. NewEdge Advisors LLC lifted its holdings in shares of Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company's stock valued at $582,000 after purchasing an additional 4,950 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Okta in the 1st quarter valued at about $518,000. Finally, Arete Wealth Advisors LLC purchased a new position in Okta during the 1st quarter worth approximately $368,000. Hedge funds and other institutional investors own 86.64% of the company's stock.
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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