Okta (NASDAQ:OKTA) Insider Sells $192,720.00 in Stock

Okta, Inc. (NASDAQ:OKTA) insider Eric Robert Kelleher sold 2,409 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $80.00, for a total value of $192,720.00. Following the completion of the transaction, the insider owned 15,470 shares in the company, valued at $1,237,600. This represents a 13.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eric Robert Kelleher also recently made the following trade(s):

• On Thursday, March 19th, Eric Robert Kelleher sold 16,818 shares of Okta stock. The shares were sold at an average price of $80.00, for a total value of $1,345,440.00.

Okta Stock Performance

Shares of Okta stock opened at $80.19 on Monday. The company has a market capitalization of $14.18 billion, a P/E ratio of 61.21, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The stock has a fifty day simple moving average of $80.52 and a 200 day simple moving average of $85.55. Okta, Inc. has a 12-month low of $68.77 and a 12-month high of $127.57.

Okta (NASDAQ:OKTA) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The business had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $749.87 million. During the same period last year, the business earned $0.78 EPS. The business’s revenue was up 11.6% on a year-over-year basis. 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, analysts predict that Okta, Inc. will post 0.42 EPS for the current year.

Okta declared that its board has authorized a stock repurchase program on Monday, January 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Okta

Several institutional investors and hedge funds have recently bought and sold shares of OKTA. Steward Partners Investment Advisory LLC raised its stake in shares of Okta by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock valued at $224,000 after buying an additional 113 shares during the period. Spire Wealth Management grew its stake in shares of Okta by 30.8% during the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after acquiring an additional 119 shares during the period. Allworth Financial LP increased its holdings in Okta by 6.4% in the 3rd quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock worth $206,000 after acquiring an additional 135 shares during the last quarter. Choreo LLC increased its holdings in Okta by 2.0% in the 3rd quarter. Choreo LLC now owns 7,239 shares of the company’s stock worth $664,000 after acquiring an additional 140 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in Okta by 0.6% in the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after acquiring an additional 163 shares during the period. 86.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OKTA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Okta from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. Berenberg Bank decreased their price target on Okta from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Morgan Stanley dropped their price target on Okta from $110.00 to $101.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Stifel Nicolaus reduced their price objective on Okta from $121.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.25.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta’s CEO outlined an AI-agent “kill switch” and tighter access controls, pitching Okta as a required security layer for enterprises adopting AI — a message that supports upside in identity/security demand. Okta Ties AI Agent Kill Switch To Identity Valuation Opportunity
• Positive Sentiment: TV market commentator Jim Cramer publicly said he “would be a buyer of Okta,” which can spur retail interest and support sentiment in the near term. Jim Cramer Says He “Would Be a Buyer of Okta”
• Neutral Sentiment: Analyst/market pieces note OKTA is slightly up since last earnings and discuss forward estimates — useful context but not new fundamental data. These pieces reinforce attention on guidance and execution. Okta (OKTA) Up 0.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Market writeups highlighted a modest intraday gain and that OKTA is trading below its 200‑day average — signals of mixed technical momentum rather than a catalyst. Okta (OKTA) Laps the Stock Market: Here’s Why
• Neutral Sentiment: Weakness in cybersecurity peers (Palo Alto Networks, CrowdStrike) has drawn headlines; this can create sector volatility that affects Okta sentiment even if Okta’s own fundamentals differ. Palo Alto Networks Plunges 12% in 3 Months
• Negative Sentiment: Insider Eric Kelleher sold 2,409 shares at about $80 under a pre‑arranged Rule 10b5‑1 plan; the sale reduces his holding by ~13.5%. It’s disclosed and routine, but some investors view insider selling as a short‑term negative signal. Insider Sale — Eric Robert Kelleher

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.