Okta (NASDAQ:OKTA) Stock Unloaded Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Okta stock on September 12th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

  • Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 10/1/2025.
  • Sold $1,001 – $15,000 in shares of Amdocs (NASDAQ:DOX) on 10/1/2025.
  • Purchased $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 9/30/2025.
  • Sold $15,001 – $50,000 in shares of Fortive (NYSE:FTV) on 9/30/2025.
  • Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 9/30/2025.
  • Purchased $1,001 – $15,000 in shares of APi Group (NYSE:APG) on 9/30/2025.
  • Sold $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 9/30/2025.
  • Purchased $1,001 – $15,000 in shares of PTC (NASDAQ:PTC) on 9/30/2025.
  • Purchased $1,001 – $15,000 in shares of CoStar Group (NASDAQ:CSGP) on 9/30/2025.
  • Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 9/30/2025.

Okta Trading Down 1.2%

Shares of OKTA opened at $89.08 on Wednesday. The firm has a market cap of $15.60 billion, a PE ratio of 104.80, a price-to-earnings-growth ratio of 4.42 and a beta of 0.84. The company’s 50 day simple moving average is $91.62 and its 200-day simple moving average is $99.49. Okta, Inc. has a 12-month low of $70.92 and a 12-month high of $127.57.

Okta (NASDAQ:OKTAGet Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.07. Okta had a return on equity of 3.31% and a net margin of 6.08%.The firm had revenue of $728,000 billion during the quarter, compared to the consensus estimate of $711.84 million. During the same period last year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. As a group, equities research analysts forecast that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Okta by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock valued at $1,872,263,000 after purchasing an additional 935,364 shares during the last quarter. First Trust Advisors LP raised its stake in Okta by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock valued at $489,966,000 after purchasing an additional 407,087 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Okta by 20.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock valued at $445,432,000 after purchasing an additional 755,709 shares during the last quarter. Geode Capital Management LLC raised its stake in Okta by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock valued at $314,488,000 after purchasing an additional 314,525 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Okta by 76.3% in 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 purchasing an additional 1,189,222 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Transactions at Okta

In related news, CRO Jonathan James Addison sold 9,000 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $100.00, for a total value of $900,000.00. Following the completion of the transaction, the executive owned 7,067 shares of the company’s stock, valued at approximately $706,700. The trade was a 56.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd Mckinnon sold 31,968 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $92.33, for a total transaction of $2,951,605.44. The disclosure for this sale can be found here. Insiders have sold a total of 114,249 shares of company stock worth $10,759,471 in the last ninety days. Company insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OKTA shares. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Okta in a report on Wednesday, August 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Okta in a report on Friday, September 26th. Arete Research raised Okta to a “strong sell” rating and set a $83.00 price target for the company in a report on Monday, July 7th. DA Davidson reaffirmed a “buy” rating and set a $140.00 price target on shares of Okta in a report on Friday, September 26th. Finally, Jefferies Financial Group increased their price target on Okta from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Wednesday, August 27th. Twenty-two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Okta presently has an average rating of “Hold” and a consensus target price of $118.94.

Get Our Latest Stock Report on Okta

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Okta

(Get Free Report)

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.

Further Reading

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