Okta, Inc. (NASDAQ:OKTA - Get Free Report) insider Larissa Schwartz sold 1,318 shares of the business's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $91.65, for a total transaction of $120,794.70. Following the transaction, the insider owned 37,837 shares in the company, valued at approximately $3,467,761.05. This trade represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Larissa Schwartz also recently made the following trade(s):
- On Wednesday, September 17th, Larissa Schwartz sold 3,348 shares of Okta stock. The stock was sold at an average price of $90.17, for a total transaction of $301,889.16.
Okta Stock Down 4.6%
Okta stock traded down $4.29 during midday trading on Friday, hitting $89.35. 3,500,632 shares of the stock were exchanged, compared to its average volume of 3,608,231. Okta, Inc. has a 52-week low of $70.92 and a 52-week high of $127.57. The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of 105.12, a price-to-earnings-growth ratio of 4.55 and a beta of 0.84. The business's 50-day moving average price is $92.02 and its 200-day moving average price is $100.06.
Okta (NASDAQ:OKTA - Get Free Report) last released 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 net margin of 6.08% and a return on equity of 3.31%. The business had revenue of $728,000 billion for the quarter, compared to analysts' expectations of $711.84 million. During the same period in the previous year, the company earned $0.72 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. On average, sell-side analysts predict that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
OKTA has been the topic of a number of research analyst reports. Bank of America reiterated an "underperform" rating and issued a $75.00 target price on shares of Okta in a research note on Wednesday, August 27th. Guggenheim reiterated a "buy" rating and issued a $138.00 target price on shares of Okta in a research note on Wednesday, August 27th. DA Davidson reiterated a "buy" rating and issued a $140.00 target price on shares of Okta in a research note on Friday, September 26th. JMP Securities reiterated a "market perform" rating on shares of Okta in a research note on Wednesday, August 27th. Finally, Westpark Capital reissued a "buy" rating and issued a $140.00 price target on shares of Okta in a research report on Wednesday, August 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Okta has a consensus rating of "Hold" and a consensus target price of $118.94.
Read Our Latest Research Report on Okta
Institutional Trading of Okta
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Okta by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company's stock worth $1,872,263,000 after acquiring an additional 935,364 shares during the period. First Trust Advisors LP increased its holdings in Okta by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 4,901,123 shares of the company's stock worth $489,966,000 after acquiring an additional 407,087 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Okta by 20.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company's stock worth $445,432,000 after acquiring an additional 755,709 shares during the period. Geode Capital Management LLC increased its holdings in Okta by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company's stock worth $314,488,000 after acquiring an additional 314,525 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Okta by 76.3% during 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 worth $289,234,000 after acquiring an additional 1,189,222 shares during the period. Institutional investors own 86.64% of the company's stock.
Okta Company Profile
(
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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