Key Points
- Larissa Schwartz sold 6,377 Okta shares on April 7 under a pre‑arranged Rule 10b5‑1 plan for about $508,565.75, reducing her stake by 10.42% to 54,825 shares.
- Okta beat quarterly estimates, reporting $0.90 EPS vs $0.85 expected and $761M revenue (up 11.6% YoY), and the board authorized a $1.0 billion stock buyback (up to ~6.8% of shares).
- Shares have weakened (down ~10.9% and trading near the 52‑week low) even as analysts maintain a consensus "Moderate Buy" with a $103.25 target, reflecting valuation and growth concerns.
Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Larissa Schwartz sold 6,377 shares of Okta stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $79.75, for a total value of $508,565.75. Following the completion of the sale, the insider directly owned 54,825 shares of the company's stock, valued at $4,372,293.75. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Larissa Schwartz also recently made the following trade(s):
- On Tuesday, March 10th, Larissa Schwartz sold 1,836 shares of Okta stock. The shares were sold at an average price of $79.89, for a total transaction of $146,678.04.
- On Friday, February 6th, Larissa Schwartz sold 1,836 shares of Okta stock. The stock was sold at an average price of $83.47, for a total value of $153,250.92.
Okta Stock Down 10.9%
NASDAQ OKTA opened at $67.76 on Friday. Okta, Inc. has a 52 week low of $67.69 and a 52 week high of $127.57. The stock has a market capitalization of $11.99 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 2.97 and a beta of 0.76. The firm has a 50 day moving average of $79.41 and a two-hundred day moving average of $85.17.
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, topping the consensus estimate of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million during the quarter, compared to analysts' expectations of $749.87 million. During the same quarter in the previous year, the business posted $0.78 EPS. The firm's revenue 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. On average, equities research analysts expect that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.
Okta declared that its board has initiated a stock buyback program on Monday, January 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
Several research analysts have recently issued reports on OKTA shares. JPMorgan Chase & Co. upped their price objective on Okta from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th. Berenberg Bank lowered their price objective on Okta from $145.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Zacks Research cut Okta from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 26th. Piper Sandler lowered their target price on shares of Okta from $100.00 to $82.00 and set a "neutral" rating for the company in a report on Thursday, March 5th. Finally, Mizuho lowered their target price on shares of Okta from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.25.
Read Our Latest Analysis on OKTA
Key Stories Impacting Okta
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Brokerage consensus remains constructive with an average rating of "Moderate Buy," which provides some support under recent selling pressure. Okta Receives Average Rating of Moderate Buy
- Neutral Sentiment: Insider Larissa Schwartz sold 6,377 shares under a pre‑arranged Rule 10b5‑1 plan; while an insider sale often alarms investors, the plan status reduces the signal of negative information. Larissa Schwartz Insider Sale
- Neutral Sentiment: Industry hiring/appointments continue: SailPoint named a new Chief Product Officer — a reminder of competitive product investment across identity security players. SailPoint Appoints CPO
- Neutral Sentiment: Media and research outlets note heightened investor attention and coverage on Okta (Zacks, Yahoo Finance summaries), keeping the name in focus for traders. Okta Attracting Investor Attention
- Negative Sentiment: Anthropic's new Claude Mythos model sparked fears that AI can autonomously discover zero‑day flaws, prompting investor concern about whether incumbents like Okta can keep up — a direct catalyst for short‑term selling. Claude Mythos Puts Okta's Role Under Scrutiny
- Negative Sentiment: Analyst/valuation pressure: Fair‑value estimates and Street commentary are being trimmed (roughly ~10% reset in one note), reflecting a reassessment of growth vs. price paid. Fair Value Reset and Valuation Reassessment
- Negative Sentiment: Opinion pieces urging investors to sell and multiple articles flagging recent share weakness amplify negative sentiment and can accelerate outflows. 3 Reasons to Sell OKTA
- Negative Sentiment: Broader technical/market signals: recent coverage and headlines (e.g., “stock slides” pieces) reflect momentum selling that may persist until clearer analyst guidance or company commentary calms the market. Okta Stock Slides as Market Rises
- Negative Sentiment: Macro/sector risk: research noting AI is accelerating attacks faster than defenses raises structural uncertainty about security vendors' ability to defend against next‑gen threats. AI Accelerating Cyberattacks Article
Institutional Trading of Okta
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Okta by 5.7% in the 3rd 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. First Trust Advisors LP boosted its position in shares of Okta by 28.2% in the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company's stock valued at $521,422,000 after purchasing an additional 1,326,051 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Okta by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company's stock valued at $425,082,000 after purchasing an additional 179,919 shares during the period. Geode Capital Management LLC boosted its stake in Okta by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company's stock worth $281,246,000 after purchasing an additional 57,605 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Okta by 2.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company's stock worth $215,776,000 after purchasing an additional 69,653 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.
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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