Key Points
- Insider sale: Eric Robert Kelleher sold 2,409 shares at $80 on April 1 under a pre‑arranged Rule 10b5‑1 plan (raising $192,720), after previously selling 16,818 shares on March 19 at the same price, trimming his position by about 13.5%.
- Earnings and guidance: Okta beat Q results (EPS $0.90 vs. $0.85; revenue $761M, +11.6% YoY) and set FY2027 guidance of $3.740–3.820 EPS and Q1 2027 guidance of $0.840–0.860, while also approving a $1.0 billion share repurchase program.
- Market view: Shares trade around $80 (below the 200‑day moving average) with a PE of ~61, and analysts have an average rating of "Moderate Buy" with a $103.25 target, reflecting bullish forecasts despite mixed technical signals.
Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Eric Robert Kelleher sold 2,409 shares of the company's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $80.00, for a total transaction of $192,720.00. Following the completion of the transaction, the insider owned 15,470 shares in the company, valued at approximately $1,237,600. The trade was a 13.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eric Robert Kelleher also recently made the following trade(s):
- On Thursday, March 19th, Eric Robert Kelleher sold 16,818 shares of Okta stock. The shares were sold at an average price of $80.00, for a total transaction of $1,345,440.00.
Okta Stock Performance
Shares of Okta stock opened at $80.19 on Friday. The company has a 50-day simple moving average of $80.52 and a two-hundred day simple moving average of $85.61. The stock has a market capitalization of $14.18 billion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. Okta, Inc. has a 52-week low of $68.77 and a 52-week high of $127.57.
Okta (NASDAQ:OKTA - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm had revenue of $761.00 million for the quarter, compared to analysts' expectations of $749.87 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business's revenue for the quarter was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, equities research analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.
Okta announced that its Board of Directors has approved a stock repurchase plan on Monday, January 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.
Key Stories Impacting Okta
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Okta’s CEO outlined an AI-agent “kill switch” and tighter access controls, pitching Okta as a required security layer for enterprises adopting AI — a message that supports upside in identity/security demand. Okta Ties AI Agent Kill Switch To Identity Valuation Opportunity
- Positive Sentiment: TV market commentator Jim Cramer publicly said he “would be a buyer of Okta,” which can spur retail interest and support sentiment in the near term. Jim Cramer Says He “Would Be a Buyer of Okta”
- Neutral Sentiment: Analyst/market pieces note OKTA is slightly up since last earnings and discuss forward estimates — useful context but not new fundamental data. These pieces reinforce attention on guidance and execution. Okta (OKTA) Up 0.7% Since Last Earnings Report: Can It Continue?
- Neutral Sentiment: Market writeups highlighted a modest intraday gain and that OKTA is trading below its 200‑day average — signals of mixed technical momentum rather than a catalyst. Okta (OKTA) Laps the Stock Market: Here's Why
- Neutral Sentiment: Weakness in cybersecurity peers (Palo Alto Networks, CrowdStrike) has drawn headlines; this can create sector volatility that affects Okta sentiment even if Okta’s own fundamentals differ. Palo Alto Networks Plunges 12% in 3 Months
- Negative Sentiment: Insider Eric Kelleher sold 2,409 shares at about $80 under a pre‑arranged Rule 10b5‑1 plan; the sale reduces his holding by ~13.5%. It’s disclosed and routine, but some investors view insider selling as a short‑term negative signal. Insider Sale — Eric Robert Kelleher
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on OKTA. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Okta in a report on Thursday, January 22nd. Wall Street Zen upgraded Okta from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. UBS Group decreased their target price on Okta from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Cantor Fitzgerald lowered their target price on shares of Okta from $115.00 to $100.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. Finally, Scotiabank reduced their price target on shares of Okta from $85.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, March 5th. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Okta currently has an average rating of "Moderate Buy" and an average target price of $103.25.
Read Our Latest Analysis on OKTA
Institutional Trading of Okta
A number of hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Okta during the 3rd quarter valued at about $26,000. Elevation Wealth Partners LLC lifted its stake in shares of Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company's stock worth $26,000 after purchasing an additional 264 shares during the period. Promus Capital LLC bought a new position in shares of Okta in the 2nd quarter worth approximately $27,000. SHP Wealth Management purchased a new position in shares of Okta in the fourth quarter worth approximately $27,000. Finally, Torren Management LLC purchased a new position in shares of Okta in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.64% of the company's stock.
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.
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