Okta (NASDAQ:OKTA) Shares Sold by Rep. Maria Elvira Salazar

Key Points

• Rep. Maria Elvira Salazar sold Okta shares worth between $1,001 and $15,000 on September 24, 2026, from her UBS IRA account. She also reported similarly sized sales in several other companies, including Microsoft, Salesforce, Meta Platforms and Snowflake.
• Okta reported quarterly EPS of $1.05, exceeding estimates of $0.96, while revenue reached $805 million, up 10.6% year over year and above expectations.
• Analysts maintain a generally positive view, with Okta holding a “Moderate Buy” consensus rating and an average price target of $200.72; the stock recently traded near $220.21.

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Okta, Inc. NASDAQ: OKTA. In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Okta stock on September 24th. The trade occurred in the Representative's "UBS IRA ACCOUNT" account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Citigroup NYSE: C on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/24/2026.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 9/24/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 9/24/2026.
• Sold $1,001 - $15,000 in shares of RH NYSE: RH on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 9/24/2026.

Okta Stock Up 1.0%

Shares of NASDAQ:OKTA opened at $220.21 on Friday. The company has a market cap of $38.50 billion, a PE ratio of 132.66, a P/E/G ratio of 6.78 and a beta of 0.73. The company's 50-day moving average price is $171.88 and its 200 day moving average price is $128.55. Okta, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $226.44.

Okta (NASDAQ:OKTA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09. The firm had revenue of $805.00 million during the quarter, compared to analysts' expectations of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. Okta's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. 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, equities analysts anticipate that Okta, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OKTA shares. Truist Financial raised their target price on Okta from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Barclays boosted their price target on Okta from $180.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, September 24th. Piper Sandler raised their price target on Okta from $105.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Roth Capital lifted their price objective on shares of Okta from $155.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, Citigroup restated a "market outperform" rating on shares of Okta in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $200.72.

Insider Transactions at Okta

In other news, insider Eric Kelleher sold 6,395 shares of the business's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the sale, the insider owned 18,668 shares in the company, valued at $3,427,071.44. The trade was a 25.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer directly owned 7,693 shares of the company's stock, valued at $1,249,650.92. This represents a 84.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,766 shares of company stock valued at $23,927,112 over the last ninety days. Corporate insiders own 4.61% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OKTA. Allspring Global Investments Holdings LLC increased its stake in Okta by 71.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company's stock worth $281,209,000 after purchasing an additional 1,485,963 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Okta by 28.4% during the first quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company's stock valued at $195,844,000 after buying an additional 550,328 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Okta by 114.3% during the first quarter. Quantinno Capital Management LP now owns 746,009 shares of the company's stock valued at $58,718,000 after buying an additional 397,951 shares in the last quarter. Swedbank AB boosted its holdings in shares of Okta by 21.9% in the first quarter. Swedbank AB now owns 2,216,588 shares of the company's stock worth $174,468,000 after buying an additional 397,507 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Okta by 641.7% in the first quarter. SG Americas Securities LLC now owns 392,421 shares of the company's stock worth $30,887,000 after buying an additional 339,515 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida's 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida's 27th Congressional District. She won in the general election on November 5, 2024. Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Okta Company Profile

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta's products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.

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