Okta (NASDAQ:OKTA) Insider Sells $84,320.00 in Stock

Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Larissa Schwartz sold 1,054 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $80.00, for a total value of $84,320.00. Following the transaction, the insider owned 48,448 shares of the company's stock, valued at $3,875,840. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Larissa Schwartz also recently made the following trade(s):

• On Wednesday, May 6th, Larissa Schwartz sold 5,323 shares of Okta stock. The shares were sold at an average price of $77.06, for a total transaction of $410,190.38.
• On Tuesday, April 7th, Larissa Schwartz sold 6,377 shares of Okta stock. The stock was sold at an average price of $79.75, for a total transaction of $508,565.75.
• 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.

Okta Stock Performance

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Shares of NASDAQ:OKTA opened at $83.90 on Friday. Okta, Inc. has a 52 week low of $62.66 and a 52 week high of $127.57. The company has a market capitalization of $14.84 billion, a PE ratio of 64.05, a PEG ratio of 3.15 and a beta of 0.59. The company has a 50 day moving average price of $76.07 and a two-hundred day moving average price of $82.86.

• Okta Earnings Beat, But Growth Questions Remain

Okta (NASDAQ:OKTA - Get Free Report) last posted its 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. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million for the quarter, compared to analyst estimates of $749.87 million. During the same period last year, the business posted $0.78 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 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, sell-side analysts forecast that Okta, Inc. will post 1.61 earnings per share for the current year.

Institutional Trading of Okta

A number of institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Okta during the third quarter worth about $26,000. Elevation Wealth Partners LLC raised its position in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company's stock valued at $26,000 after buying an additional 264 shares during the last quarter. SHP Wealth Management acquired a new stake in Okta in the 4th quarter valued at approximately $27,000. Torren Management LLC bought a new stake in Okta in the 4th quarter valued at approximately $32,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Okta in the 3rd quarter valued at approximately $34,000. 86.64% of the stock is currently owned by institutional investors.

Okta News Summary

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Here are the key news stories impacting Okta this week:

• Positive Sentiment: Recent coverage says Okta’s AI security initiatives, including securing AI agents and non-human identities, are drawing fresh investor interest and could strengthen its competitive position. Okta (OKTA) Valuation Check As AI Agent Security Push Draws Fresh Investor Attention
• Positive Sentiment: Another article highlighted Okta’s effort to make its identity platform a key layer for enterprise AI-agent security, reinforcing the bullish AI narrative. Is Okta (OKTA) Quietly Turning AI Agent Security Into Its Core Competitive Edge?
• Positive Sentiment: Media coverage noted Okta is targeting roughly 9% FY2027 growth as AI security gains traction, which may reassure investors about the company’s longer-term revenue path. Okta targets 9% FY 2027 growth as AI security gains traction
• Neutral Sentiment: Insider Larissa Schwartz sold shares in two pre-arranged Rule 10b5-1 transactions, but the sales were disclosed as part of a planned trading program and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: One article discussed Okta’s Salesforce integration and broader enterprise identity strategy, which may be viewed as strategic but does not appear to be a major near-term catalyst. Okta-Salesforce integration highlights shift in enterprise identity strategy
• Negative Sentiment: The insider stock sales may create some overhang for traders, even though they were pre-planned and relatively small compared with the insider’s remaining holdings.

Analyst Ratings Changes

A number of research firms have issued reports on OKTA. Morgan Stanley decreased their target price on Okta from $110.00 to $101.00 and set an "overweight" rating for the company in a research note on Thursday, March 5th. HSBC raised Okta to a "buy" rating in a research report on Thursday, April 16th. KeyCorp decreased their price objective on Okta from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Wednesday, April 15th. TD Cowen lowered their target price on Okta from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Tuesday, February 24th. Finally, Wall Street Zen downgraded shares of Okta from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Twenty-eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.89.

Read Our Latest Research Report on OKTA

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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