Okta (NASDAQ:OKTA) Insider Sells $112,965.78 in Stock

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 1,318 shares of Okta stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $85.71, for a total value of $112,965.78. Following the completion of the transaction, the insider owned 35,201 shares of the company’s stock, valued at approximately $3,017,077.71. The trade was a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Larissa Schwartz also recently made the following trade(s):

• On Tuesday, November 11th, Larissa Schwartz sold 1,318 shares of Okta stock. The shares were sold at an average price of $85.26, for a total value of $112,372.68.
• On Wednesday, October 8th, Larissa Schwartz sold 1,318 shares of Okta stock. The stock was sold at an average price of $91.65, for a total value of $120,794.70.
• On Wednesday, September 17th, Larissa Schwartz sold 3,348 shares of Okta stock. The stock was sold at an average price of $90.17, for a total transaction of $301,889.16.

Okta Stock Up 0.6%

OKTA stock traded up $0.50 during trading on Tuesday, hitting $87.79. 1,835,497 shares of the company’s stock traded hands, compared to its average volume of 3,389,041. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 80.54, a price-to-earnings-growth ratio of 4.05 and a beta of 0.78. Okta, Inc. has a 52 week low of $75.05 and a 52 week high of $127.57. The stock has a fifty day moving average price of $86.64 and a two-hundred day moving average price of $93.00.

Okta (NASDAQ:OKTA) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. During the same period in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, equities research analysts expect that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OKTA shares. Royal Bank Of Canada lowered their price objective on Okta from $115.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Okta from $110.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Okta in a research report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Okta in a research report on Wednesday, December 3rd. Finally, Mizuho dropped their price target on shares of Okta from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Twenty-three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Okta has an average rating of “Moderate Buy” and an average price target of $112.91.

Institutional Trading of Okta

A number of hedge funds and other institutional investors have recently made changes to their positions in OKTA. Norges Bank bought a new stake in Okta during the second quarter worth approximately $211,923,000. Alkeon Capital Management LLC acquired a new position in shares of Okta in the 1st quarter valued at about $199,918,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Okta by 76.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock valued at $289,234,000 after buying an additional 1,189,222 shares during the period. Vanguard Group Inc. raised 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 worth $1,815,956,000 after purchasing an additional 1,074,977 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Okta by 276.9% in the third quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company’s stock valued at $128,701,000 after acquiring an additional 1,031,083 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

About Okta

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.