Okta, Inc. (NASDAQ:OKTA - Get Free Report) Director David Schellhase bought 3,712 shares of Okta stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $267,412.48. Following the completion of the transaction, the director directly owned 3,712 shares in the company, valued at approximately $267,412.48. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Okta Price Performance
NASDAQ:OKTA opened at $75.76 on Tuesday. Okta, Inc. has a one year low of $62.66 and a one year high of $127.57. The company's 50-day simple moving average is $77.10 and its 200 day simple moving average is $83.92. The firm has a market capitalization of $13.40 billion, a P/E ratio of 57.83, a PEG ratio of 2.81 and a beta of 0.76.
Okta (NASDAQ:OKTA - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. 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 1.61 earnings per share for the current fiscal year.
Okta announced that its Board of Directors has approved a stock buyback plan on Monday, January 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
Several brokerages have commented on OKTA. Deutsche Bank Aktiengesellschaft cut their target price on Okta from $85.00 to $80.00 and set a "hold" rating on the stock in a research note on Thursday, March 5th. Zacks Research downgraded Okta from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Stephens dropped their price target on shares of Okta from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, March 5th. BMO Capital Markets raised shares of Okta from a "market perform" rating to an "outperform" rating and raised their price target for the company from $83.00 to $97.00 in a report on Friday, March 6th. Finally, KeyCorp dropped their price target on Okta from $100.00 to $95.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 15th. Twenty-nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Okta currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.95.
Check Out Our Latest Report on OKTA
More Okta News
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Analyst upgrades from Raymond James and Barclays boosted optimism that Okta will capture identity-security spending driven by AI/agentic use cases. Why Okta (OKTA) Stock Is Up Today
- Positive Sentiment: Barclays upgraded OKTA to overweight (PT raised to $90 from $85), citing identity security rising to the top of enterprise spending priorities and a growing “agentic” AI opportunity. Barclays upgrades Okta on identity spending and agentic opportunity
- Positive Sentiment: MarketWatch and CNBC coverage echoed the bullish shift, arguing Okta is one of the few vendors positioned to meet rising identity-security needs as AI agents proliferate — a thematic re-rating that supports higher analyst targets and investor interest. Okta's stock is surging. Here's why identity security has become the next hot thing.
- Positive Sentiment: Director David Schellhase purchased 3,712 shares at ~$72.04 under a pre-arranged 10b5‑1 plan, a director buy that investors often treat as a signal of insider confidence. SEC filing — Form 4
- Neutral Sentiment: Context pieces revisiting Q4 cybersecurity earnings (including Okta) assess past results and guidance; these reviews are informative but not the proximate cause of today’s move compared with the analyst upgrades and thematic coverage. A Look Back at Cybersecurity Stocks’ Q4 Earnings
Hedge Funds Weigh In On Okta
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management boosted its holdings in shares of Okta by 30.8% in the fourth quarter. Spire Wealth Management now owns 505 shares of the company's stock worth $44,000 after buying an additional 119 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company's stock worth $206,000 after buying an additional 135 shares during the last quarter. Choreo LLC boosted its holdings in shares of Okta by 2.0% in the third quarter. Choreo LLC now owns 7,239 shares of the company's stock worth $664,000 after buying an additional 140 shares during the last quarter. Utah Retirement Systems lifted its position in Okta by 0.6% during the fourth quarter. Utah Retirement Systems now owns 28,605 shares of the company's stock valued at $2,473,000 after purchasing an additional 163 shares in the last quarter. Finally, Raiffeisen Bank International AG lifted its position in Okta by 3.9% during the third quarter. Raiffeisen Bank International AG now owns 4,369 shares of the company's stock valued at $410,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company's stock.
About Okta
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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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