Okta (NASDAQ:OKTA) Insider Sells $3,349,360.23 in Stock

Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Larissa Schwartz sold 24,971 shares of Okta stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $134.13, for a total transaction of $3,349,360.23. Following the completion of the transaction, the insider directly owned 23,477 shares of the company's stock, valued at approximately $3,148,970.01. This trade represents a 51.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

• Okta and CrowdStrike Could Be the Backbone of AI Security

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

• On Thursday, May 7th, Larissa Schwartz sold 1,054 shares of Okta stock. The shares were sold at an average price of $80.00, for a total transaction of $84,320.00.
• 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 shares were 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 stock was sold at an average price of $79.89, for a total transaction of $146,678.04.

Okta Stock Performance

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NASDAQ OKTA opened at $123.48 on Friday. The firm has a 50-day moving average of $84.03 and a 200-day moving average of $84.26. The stock has a market cap of $21.84 billion, a PE ratio of 89.48, a P/E/G ratio of 4.85 and a beta of 0.80. Okta, Inc. has a 52-week low of $62.66 and a 52-week high of $142.35.

• Okta Earnings Beat, But Growth Questions Remain

Okta (NASDAQ:OKTA - Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.06. The company had revenue of $765.00 million during the quarter, compared to analysts' expectations of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. Okta's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, analysts predict that Okta, Inc. will post 1.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Okta

Hedge funds have recently bought and sold shares of the business. Elevation Wealth Partners LLC increased its position in Okta by 825.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company's stock worth $26,000 after acquiring an additional 264 shares during the period. SHP Wealth Management bought a new position in Okta during the fourth quarter worth about $27,000. Torren Management LLC bought a new position in Okta during the fourth quarter worth about $32,000. Aster Capital Management DIFC Ltd bought a new position in Okta during the third quarter worth about $34,000. Finally, Westside Investment Management Inc. increased its position in Okta by 86.9% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the company's stock worth $38,000 after acquiring an additional 193 shares during the period. 86.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

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OKTA has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Okta from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Okta from $85.00 to $80.00 and set a "hold" rating for the company in a research note on Thursday, March 5th. Berenberg Bank raised their target price on shares of Okta from $120.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Morgan Stanley raised their target price on shares of Okta from $101.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 29th. Finally, Cantor Fitzgerald raised their target price on shares of Okta from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Okta currently has an average rating of "Moderate Buy" and a consensus price target of $112.29.

Check Out Our Latest Stock Analysis on Okta

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: CEO Todd McKinnon said fears that AI will disrupt SaaS are “overblown,” reinforcing the view that Okta can benefit from rising AI-related identity security demand. Management also highlighted momentum in core identity products, Auth0, identity governance, privileged access, and new AI agent identity offerings. SaaSpocalypse Is Overblown, Says Okta CEO
• Positive Sentiment: Analyst coverage and commentary remained favorable after the recent earnings beat, with articles pointing to strong enterprise adoption, partner traction, and continued upside from Okta’s AI identity strategy. 5 Insightful Analyst Questions From Okta’s Q1 Earnings Call
• Positive Sentiment: Recent market reaction to Okta’s Q1 results was strong, with the company beating revenue and EPS estimates and raising enthusiasm around AI-driven identity growth. Okta (OKTA) Stock Soars 30% on Earnings — AI Identity Boom Fuels Rally
• Neutral Sentiment: Okta presented at the Evercore Global TMT Conference, which may have helped keep investor focus on the company’s execution and strategy, but the transcript itself did not introduce a clear new catalyst. Okta, Inc. (OKTA) Presents at 2026 Evercore Global TMT Conference Transcript
• Negative Sentiment: One analyst note weighed on the stock after Mizuho downgraded Okta to Neutral from Outperform, citing valuation concerns after the sharp run-up in the share price. Why Okta (OKTA) Stock Is Down Today
• Negative Sentiment: Insider Larissa Schwartz sold 24,971 shares in a Rule 10b5-1 transaction, trimming ownership by more than half. While pre-planned, insider selling can still create caution for investors. SEC Form 4 filing

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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