Insider Selling: Okta (NASDAQ:OKTA) Insider Sells $1,173,994.10 in Stock

Okta, Inc. (NASDAQ:OKTA) insider Eric Kelleher sold 6,395 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the completion of the transaction, the insider directly owned 18,668 shares in the company, valued at $3,427,071.44. The trade was a 25.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eric Robert Kelleher also recently made the following trade(s):

• On Friday, September 11th, Eric Kelleher sold 2,549 shares of Okta stock. The stock was sold at an average price of $168.55, for a total value of $429,633.95.

Okta Price Performance

Shares of OKTA stock opened at $206.64 on Friday. The stock has a market cap of $36.12 billion, a PE ratio of 124.48, a price-to-earnings-growth ratio of 6.12 and a beta of 0.79. The stock has a 50-day moving average of $157.70 and a 200-day moving average of $119.26. Okta, Inc. has a one year low of $62.66 and a one year high of $212.50.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The business had revenue of $805.00 million for the quarter, compared to analyst estimates of $793.00 million. During the same quarter last year, the firm earned $0.91 EPS. Okta’s quarterly revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. As a group, research analysts anticipate that Okta, Inc. will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Okta

Hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new position in Okta during the 2nd quarter worth approximately $1,025,000. Andra AP fonden acquired a new stake in shares of Okta in the second quarter valued at approximately $961,000. Junto Capital Management LP acquired a new stake in shares of Okta in the second quarter valued at approximately $45,486,000. National Pension Service lifted its position in shares of Okta by 23.2% in the second quarter. National Pension Service now owns 43,893 shares of the company’s stock worth $5,989,000 after purchasing an additional 8,257 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Okta by 521.5% in the second quarter. NewEdge Advisors LLC now owns 2,828 shares of the company’s stock worth $386,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Ratings Changes

OKTA has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Okta from $180.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings raised Okta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Truist Financial set a $235.00 price target on Okta in a report on Thursday. Bank of America raised their price target on Okta from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price objective on Okta from $168.00 to $187.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.69.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI-agent products are driving optimism. At Oktane 2026, Okta highlighted Agent SSO, runtime enforcement, an AI-agent runtime gateway, lifecycle-management tools and an “AI kill switch.” The offerings are intended to govern authentication, access and security for enterprise AI agents, potentially opening a new growth market beyond traditional per-seat identity software. BofA raises Okta price target on AI-agent positioning
• Positive Sentiment: Analysts broadly raised targets. Bank of America lifted its target to $220, while BTIG reaffirmed Buy at $219. Wells Fargo, RBC, DA Davidson and Guggenheim raised targets to $230, $230, $235 and $227, respectively. The revisions reflect expectations for stronger AI-identity adoption and a potential reacceleration in growth. D.A. Davidson raises Okta price target
• Neutral Sentiment: Short-interest data offers little directional signal. Reported short interest was zero shares, implying no measurable days-to-cover; investors should treat the figure cautiously because it does not establish improving fundamentals.
• Negative Sentiment: Valuation and execution risks remain. After a sharp multi-year rally, Okta trades at a premium earnings multiple, leaving the stock vulnerable if AI monetization or growth reacceleration disappoints. Mizuho remains Neutral pending proof that stronger growth can persist, while Jefferies cited customer confusion as an adoption hurdle.
• Negative Sentiment: Insider selling may weigh on sentiment. CEO Todd McKinnon sold 48,822 shares worth approximately $9.45 million, reducing his direct holdings by about 53%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it still represents a potential overhang. SEC filing for Todd McKinnon stock sale

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.