Okta Sees Unusually High Options Volume (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA) was the target of some unusual options trading activity on Friday. Investors acquired 40,228 call options on the company. This is an increase of approximately 227% compared to the average daily volume of 12,290 call options.

Okta Price Performance

Shares of Okta stock opened at $123.27 on Friday. The company’s fifty day simple moving average is $79.90 and its 200-day simple moving average is $82.97. The stock has a market capitalization of $21.80 billion, a PE ratio of 89.33, a P/E/G ratio of 3.69 and a beta of 0.59. Okta has a 1-year low of $62.66 and a 1-year high of $124.79.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The business had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.16%. The company’s 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, research analysts anticipate that Okta will post 1.61 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Arete Research set a $127.00 price target on shares of Okta and gave the company a “buy” rating in a research report on Tuesday. KeyCorp raised their price target on shares of Okta from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of Okta from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. DA Davidson lifted their target price on shares of Okta from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wolfe Research began coverage on shares of Okta in a research report on Thursday, April 16th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $111.86.

More Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta beat consensus on both revenue and earnings, reporting $765 million in revenue and $0.91 EPS, while also raising full-year and next-quarter guidance above expectations. Article Title
• Positive Sentiment: Management highlighted accelerating demand for identity tools tied to AI agents, suggesting a new growth tailwind for Okta’s security platform. Article Title
• Positive Sentiment: A broad list of brokerages raised price targets after the report, including JPMorgan, Barclays, Morgan Stanley, BTIG, Needham, BMO, Truist, RBC, and others, reinforcing the bullish post-earnings setup. Article Title
• Positive Sentiment: Multiple reports said investors are rethinking the “SaaSpocalypse” narrative, with software stocks rebounding sharply as Okta’s results showed resilient demand and improving execution. Article Title

Insider Buying and Selling at Okta

In related news, CEO Todd Mckinnon sold 11,263 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $81.01, for a total transaction of $912,415.63. Following the completion of the sale, the chief executive officer owned 97,083 shares of the company’s stock, valued at $7,864,693.83. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan James Addison sold 23,304 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the sale, the executive directly owned 4,364 shares of the company’s stock, valued at $339,475.56. This trade represents a 84.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 70,884 shares of company stock valued at $5,625,648. 4.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after buying an additional 1,074,977 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Okta by 52.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock valued at $40,241,000 after buying an additional 161,069 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Okta by 40.1% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 52,597 shares of the company’s stock valued at $4,823,000 after buying an additional 15,058 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of Okta by 23.0% during the 4th quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock valued at $8,480,000 after buying an additional 18,325 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of Okta by 124.3% during the 4th quarter. Swedbank AB now owns 1,819,081 shares of the company’s stock valued at $157,296,000 after buying an additional 1,007,915 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

About Okta

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.