Insider Selling: Okta (NASDAQ:OKTA) CFO Sells 10,000 Shares of Stock

January 16, 2026 by InsiderTrades.com

Key Points

CFO Brett Tighe sold 10,000 shares on Jan. 13 at an average price of $95.07 (~$950,700), reducing his stake by about 6.9% to 134,385 shares, a transaction disclosed in an SEC filing.
Board authorized a $1.0 billion share buyback, permitting repurchases of up to roughly 6.8% of outstanding shares, a move the company frames as a signal that the board views the stock as undervalued.
Okta beat recent quarterly estimates with $0.82 EPS (vs. $0.76 expected) and $742M revenue (+11.6% YoY), and carries a consensus analyst rating of "Moderate Buy" with an average target of $113.88.

Okta, Inc. (NASDAQ:OKTA - Get Free Report) CFO Brett Tighe sold 10,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the transaction, the chief financial officer owned 134,385 shares in the company, valued at approximately $12,775,981.95. This trade represents a 6.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Okta Trading Down 1.5%

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Okta stock opened at $91.94 on Friday. Okta, Inc. has a 1-year low of $75.05 and a 1-year high of $127.57. The firm's fifty day simple moving average is $86.65 and its 200-day simple moving average is $90.43. The company has a market capitalization of $16.29 billion, a P/E ratio of 84.35, a P/E/G ratio of 4.36 and a beta of 0.76.

Okta (NASDAQ:OKTA - Get Free Report) last posted its 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 firm had revenue of $742.00 million for the quarter, compared to the consensus estimate of $730.23 million. During the same period in the prior year, the business posted $0.67 earnings per share. The business's quarterly revenue was up 11.6% on a year-over-year basis. 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, equities research analysts predict that Okta, Inc. will post 0.42 earnings per share for the current year.

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Okta declared that its Board of Directors has approved a share buyback plan on Monday, January 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 6.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on OKTA. Citigroup reaffirmed a "neutral" rating on shares of Okta in a research report on Monday. Robert W. Baird reduced their price objective on shares of Okta from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Monday, September 29th. Scotiabank decreased their price objective on shares of Okta from $105.00 to $85.00 and set a "sector perform" rating for the company in a report on Wednesday, December 3rd. JPMorgan Chase & Co. dropped their target price on shares of Okta from $140.00 to $115.00 and set an "overweight" rating on the stock in a report on Monday, December 1st. Finally, Stifel Nicolaus cut their target price on shares of Okta from $130.00 to $121.00 and set a "buy" rating for the company in a research report on Wednesday, December 3rd. Twenty-five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $113.88.

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Get Our Latest Analysis on OKTA

Institutional Investors Weigh In On Okta

Several hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Okta in the 2nd quarter valued at approximately $211,923,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Okta by 113.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,067,128 shares of the company's stock worth $172,895,000 after purchasing an additional 1,099,962 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Okta by 5.7% during the third quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company's stock valued at $1,815,956,000 after purchasing an additional 1,074,977 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Okta by 276.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company's stock valued at $128,701,000 after purchasing an additional 1,031,083 shares during the period. Finally, Ninety One UK Ltd raised its stake in shares of Okta by 52.1% in the second quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company's stock valued at $274,370,000 after purchasing an additional 939,589 shares in the last quarter. Institutional investors own 86.64% of the company's stock.

More Okta News

Here are the key news stories impacting Okta this week:

Positive Sentiment: KeyCorp reiterated an Overweight stance with a $140 price target and published quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus — this is a material bullish signal for institutional demand.
Positive Sentiment: UBS issued a "Buy" on Okta, adding another high-profile buy-side endorsement that can support the stock. Okta (OKTA) Receives a Buy from UBS
Positive Sentiment: Multiple analysts highlighted upside (one note suggesting ~28% rally potential), increasing the chance of renewed buying interest if momentum shifts. Okta To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Wednesday
Positive Sentiment: Okta began a beta of digital identity verification for U.S. mobile driver's licenses (mDLs), a product milestone that could expand TAM and drive enterprise/security customer momentum. Okta begins beta test of digital identity verification for US mDLs
Neutral Sentiment: Industry commentary highlights AI-driven security as a secular tailwind for identity platforms like Okta — supportive long-term context but not an immediate catalyst. Identity at the Centre: Why AI Is Accelerating a New Security Imperative
Neutral Sentiment: Okta was included in a list of "safest growth stocks" — positive framing for long-term investors but unlikely to move price materially in the near term. 5 of the Safest Growth Stocks You Can Confidently Buy for 2026
Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~$95.07), trimming his stake by ~6.9% — an insider sale that can trigger short-term caution and headline-driven selling. Insider transaction: Brett Tighe sold OKTA shares
Negative Sentiment: Market commentary noted the stock declined today versus broader gains, reflecting profit-taking/rotation despite supportive analyst notes. Okta (OKTA) Stock Sinks As Market Gains: Here's Why

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.