Insider Selling: Okta (NASDAQ:OKTA) CRO Sells $1,812,818.16 in Stock

Okta, Inc. (NASDAQ:OKTA) CRO Jonathan James Addison sold 23,304 shares of Okta stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total value of $1,812,818.16. Following the completion of the transaction, the executive owned 4,364 shares in the company, valued at approximately $339,475.56. This represents a 84.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Okta Trading Down 7.7%

OKTA stock opened at $73.23 on Friday. The stock has a market capitalization of $12.95 billion, a P/E ratio of 55.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.79. Okta, Inc. has a 12 month low of $68.77 and a 12 month high of $127.57. The firm has a 50-day moving average price of $81.61 and a 200-day moving average price of $86.05.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 8.05% and a return on equity of 4.18%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta announced that its Board of Directors has authorized a share repurchase plan on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Okta by 5.7% during the third quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after acquiring an additional 1,074,977 shares during the last quarter. First Trust Advisors LP raised its holdings in Okta by 28.2% during the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock worth $521,422,000 after purchasing an additional 1,326,051 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Okta by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after purchasing an additional 179,919 shares during the period. Geode Capital Management LLC boosted its stake in shares of Okta by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock valued at $281,246,000 after purchasing an additional 57,605 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Okta by 2.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock worth $215,776,000 after buying an additional 69,653 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 earnings beat, revenue growth and FY‑2027 guidance plus a $1.0B share‑repurchase authorization provide fundamental and capital‑allocation support. Read More.
• Positive Sentiment: Subscription revenue and identity product adoption showed strength in Q4 (higher deal values), supporting the view that product momentum can drive longer‑term reacceleration. Read More.
• Positive Sentiment: Macquarie initiated coverage with an Outperform and a $100 target, signaling some buy‑side conviction on Okta’s recovery levers. Read More.
• Neutral Sentiment: Wall Street coverage remains skewed toward Buy/Overweight overall, but price targets are dispersed — a mixed analyst backdrop that can magnify short‑term moves. Read More.
• Neutral Sentiment: Large institutional position changes and active hedge fund flows are increasing attention/volatility; these portfolio moves can amplify intraday swings without changing fundamentals. Read More.
• Negative Sentiment: Sector‑wide AI competition fears after a leak about Anthropic’s “Claude Mythos” cybersecurity agent triggered a broad selloff in security names, pressuring Okta despite company‑specific news. Read More.
• Negative Sentiment: Post‑earnings reset: investors are shifting focus from margin/profitability highlights to forward demand metrics (net retention, cRPO, backlog) and several firms trimmed targets — that rotation weighed on the stock. Read More.
• Negative Sentiment: Significant insider selling disclosed (including CEO Todd McKinnon), plus recent/announced board departures — disclosures that can increase short‑term selling pressure even when filings cite non‑disagreement reasons. Read More.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OKTA. DA Davidson reiterated a “buy” rating and set a $110.00 price target on shares of Okta in a report on Thursday, March 5th. Mizuho reduced their price objective on Okta from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. BTIG Research lowered their target price on Okta from $116.00 to $90.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Truist Financial dropped their target price on Okta from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada lifted their price target on Okta from $97.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and an average price target of $103.25.

Okta Company Profile

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.