Okta (NASDAQ:OKTA) Insider Sells 3,348 Shares

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 3,348 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $90.17, for a total value of $301,889.16. Following the transaction, the insider directly owned 39,155 shares in the company, valued at approximately $3,530,606.35. This represents a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Okta Trading Down 0.2%

Shares of NASDAQ OKTA opened at $93.37 on Monday. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 109.85, a price-to-earnings-growth ratio of 4.57 and a beta of 0.83. Okta, Inc. has a twelve month low of $70.92 and a twelve month high of $127.57. The business has a 50 day simple moving average of $93.00 and a 200-day simple moving average of $101.77.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The firm had revenue of $728,000 billion during the quarter, compared to the consensus estimate of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, equities analysts predict that Okta, Inc. will post 0.42 earnings per share for the current year.

Institutional Trading of Okta

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wolff Wiese Magana LLC raised its stake in shares of Okta by 167.4% in the 1st quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in Okta during the second quarter valued at approximately $26,000. Wayfinding Financial LLC bought a new position in shares of Okta in the first quarter valued at approximately $27,000. Harbour Investments Inc. lifted its stake in shares of Okta by 152.4% in the first quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock worth $27,000 after buying an additional 157 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Okta during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Ratings Changes

OKTA has been the subject of a number of research reports. Zacks Research cut shares of Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Guggenheim reissued a “buy” rating and issued a $138.00 target price on shares of Okta in a research report on Wednesday, August 27th. Arete Research upgraded shares of Okta to a “strong sell” rating and set a $83.00 price target on the stock in a report on Monday, July 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Okta in a research note on Wednesday, August 27th. Finally, Mizuho cut their target price on shares of Okta from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Twenty-two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Okta has a consensus rating of “Moderate Buy” and a consensus price target of $118.25.

Okta Company Profile

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.