Okta (NASDAQ:OKTA) Director Sells $212,500.00 in Stock

Okta, Inc. (NASDAQ:OKTA) Director Shellye Archambeau sold 2,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at $781,320. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Okta Stock Performance

OKTA stock opened at $92.24 on Friday. Okta, Inc. has a one year low of $62.66 and a one year high of $127.52. The stock has a market capitalization of $16.32 billion, a PE ratio of 70.41, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59. The company has a fifty day moving average of $77.88 and a 200-day moving average of $82.57.

Okta (NASDAQ:OKTA) last released its earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. During the same quarter 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. Equities analysts forecast that Okta, Inc. will post 1.61 earnings per share for the current fiscal year.

Institutional Trading of Okta

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Okta by 5.7% in the third 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 during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Okta by 52.9% in the fourth 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 during the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Okta by 40.1% in the third 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 during the last quarter. Congress Asset Management Co. increased its position in Okta by 23.0% during the fourth quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock worth $8,480,000 after purchasing an additional 18,325 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Okta by 18.7% during the third quarter. Federated Hermes Inc. now owns 269,505 shares of the company’s stock worth $24,714,000 after purchasing an additional 42,395 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Jefferies said Okta could beat its Q1 bookings target and kept a Buy rating with a $105 price target, pointing to attractive valuation ahead of earnings. Article Title
• Positive Sentiment: Oppenheimer also said Okta may deliver modest upside to fiscal Q1 revenue estimates, reinforcing expectations for a solid earnings report. Article Title
• Positive Sentiment: Okta was named a Leader in Forrester’s 2026 Workforce Identity Security Platforms report, which supports the company’s competitive position in identity security. Article Title
• Positive Sentiment: BTIG raised its price target to $105 and kept a Buy rating, adding to the constructive analyst sentiment around OKTA. Article Title
• Neutral Sentiment: Okta is holding an AI identity webcast and continuing to highlight AI agents as an identity-security opportunity, but this is more of a strategic narrative than an immediate financial catalyst. Article Title
• Negative Sentiment: Director Shellye Archambeau sold 2,500 shares in a pre-arranged 10b5-1 transaction, which may slightly weigh on sentiment even though it was not an open-market bearish signal. SEC filing

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OKTA. Wells Fargo & Company raised their target price on shares of Okta from $76.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday. Seaport Research Partners cut shares of Okta to a “neutral” rating in a research note on Thursday, April 16th. TD Cowen reduced their price objective on shares of Okta from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Okta from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Mizuho reduced their price objective on shares of Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Thirty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $101.86.

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.