Okta (NASDAQ:OKTA) CFO Brett Tighe Sells 10,000 Shares

Posted by Alanna Baker on Jan 16th, 2026

Okta, Inc. (NASDAQ:OKTA – Get Free Report) CFO Brett Tighe sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the sale, the chief financial officer directly owned 134,385 shares of the company’s stock, valued at $12,775,981.95. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Okta Price Performance

Shares of OKTA opened at $91.94 on Friday. The firm’s 50 day moving average is $86.65 and its 200-day moving average is $90.43. Okta, Inc. has a 12-month low of $75.05 and a 12-month high of $127.57. The stock has a market capitalization of $16.29 billion, a P/E ratio of 84.35, a P/E/G ratio of 4.36 and a beta of 0.76.

Okta (NASDAQ:OKTA – Get Free Report) last released its 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. The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. 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 forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta declared that its Board of Directors has initiated a share buyback program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Okta

Several institutional investors and hedge funds have recently modified their holdings of OKTA. Integrated Wealth Concepts LLC acquired a new stake in Okta during the first quarter valued at $225,000. NewEdge Advisors LLC increased its position in Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after purchasing an additional 4,950 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Okta by 8.5% during the 2nd quarter. Parallel Advisors LLC now owns 5,133 shares of the company’s stock worth $513,000 after purchasing an additional 403 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Okta during the 2nd quarter valued at about $352,000. Finally, Pallas Capital Advisors LLC grew its stake in shares of Okta by 32.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 10,320 shares of the company’s stock valued at $1,032,000 after buying an additional 2,530 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OKTA. UBS Group reiterated a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Scotiabank decreased their target price on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating for the company in a report on Wednesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Okta in a research report on Friday, December 12th. Mizuho reduced their price target on shares of Okta from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Okta in a research note on Wednesday, December 3rd. Twenty-five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.88.

View Our Latest Stock Report on OKTA

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: KeyCorp reiterated an Overweight stance with a $140 price target and published quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus — this is a material bullish signal for institutional demand.
Positive Sentiment: UBS issued a “Buy” on Okta, adding another high-profile buy-side endorsement that can support the stock. Okta (OKTA) Receives a Buy from UBS
Positive Sentiment: Multiple analysts highlighted upside (one note suggesting ~28% rally potential), increasing the chance of renewed buying interest if momentum shifts. Okta To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Wednesday
Positive Sentiment: Okta began a beta of digital identity verification for U.S. mobile driver’s licenses (mDLs), a product milestone that could expand TAM and drive enterprise/security customer momentum. Okta begins beta test of digital identity verification for US mDLs
Neutral Sentiment: Industry commentary highlights AI-driven security as a secular tailwind for identity platforms like Okta — supportive long-term context but not an immediate catalyst. Identity at the Centre: Why AI Is Accelerating a New Security Imperative
Neutral Sentiment: Okta was included in a list of “safest growth stocks” — positive framing for long-term investors but unlikely to move price materially in the near term. 5 of the Safest Growth Stocks You Can Confidently Buy for 2026
Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~$95.07), trimming his stake by ~6.9% — an insider sale that can trigger short-term caution and headline-driven selling. Insider transaction: Brett Tighe sold OKTA shares
Negative Sentiment: Market commentary noted the stock declined today versus broader gains, reflecting profit-taking/rotation despite supportive analyst notes. Okta (OKTA) Stock Sinks As Market Gains: Here’s Why

About Okta

(Get Free Report)

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.