Rep. Maria Elvira Salazar Sells Shares of Okta, Inc. (NASDAQ:OKTA)

Posted by Michael Walen on Oct 9th, 2026

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Okta stock on September 24th. The trade occurred in the Representative’s “UBS IRA ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Okta Price Performance

Shares of OKTA opened at $220.21 on Friday. Okta, Inc. has a 1-year low of $62.66 and a 1-year high of $226.44. The company has a market capitalization of $38.50 billion, a P/E ratio of 132.66, a P/E/G ratio of 6.78 and a beta of 0.73. The firm’s 50 day simple moving average is $171.88 and its 200 day simple moving average is $128.55.

Okta (NASDAQ:OKTA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. The firm had revenue of $805.00 million for the quarter, compared to analyst estimates of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, equities analysts anticipate that Okta, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $219.00 price target on shares of Okta in a research note on Thursday, September 24th. Morgan Stanley increased their target price on shares of Okta from $200.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, September 29th. TD Cowen boosted their price target on shares of Okta from $175.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, September 24th. New Street Research set a $235.00 price target on shares of Okta in a research report on Thursday, September 24th. Finally, JPMorgan Chase & Co. raised their price objective on Okta from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Okta has an average rating of “Moderate Buy” and a consensus price target of $200.72.

Check Out Our Latest Stock Analysis on OKTA

Hedge Funds Weigh In On Okta

Hedge funds and other institutional investors have recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its holdings in Okta by 5.4% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 50,845 shares of the company’s stock valued at $10,632,000 after purchasing an additional 2,600 shares during the period. GAMMA Investing LLC lifted its position in shares of Okta by 15.5% in the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the company’s stock worth $951,000 after purchasing an additional 611 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Okta by 5.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,344 shares of the company’s stock valued at $699,000 after purchasing an additional 175 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Okta by 4,458.5% during the third quarter. CoreCap Advisors LLC now owns 2,416 shares of the company’s stock valued at $505,000 after buying an additional 2,363 shares during the period. Finally, Gradient Investments LLC raised its stake in Okta by 4.9% in the third quarter. Gradient Investments LLC now owns 24,634 shares of the company’s stock worth $5,151,000 after buying an additional 1,153 shares in the last quarter. 86.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Todd McKinnon sold 48,822 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total value of $9,446,080.56. Following the completion of the transaction, the chief executive officer directly owned 44,029 shares in the company, valued at $8,518,730.92. This trade represents a 52.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the transaction, the insider owned 18,668 shares of the company’s stock, valued at $3,427,071.44. The trade was a 25.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 137,766 shares of company stock worth $23,927,112 over the last three months. Company insiders own 4.61% of the company’s stock.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Okta Company Profile

(Get Free Report)

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta’s products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.