Representative Lisa C. McClain (R-Michigan) recently sold shares of Okta, Inc. NASDAQ: OKTA. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Okta stock on July 10th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.
Representative Lisa C. McClain also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
- Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
- Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
- Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
- Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
- Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.
Okta Stock Performance
Shares of OKTA traded down $0.5110 during midday trading on Wednesday, hitting $90.6390. 1,029,364 shares of the stock traded hands, compared to its average volume of 3,564,772. Okta, Inc. has a 1-year low of $70.56 and a 1-year high of $127.57. The firm has a market capitalization of $15.87 billion, a PE ratio of 143.85, a price-to-earnings-growth ratio of 4.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.47 and a current ratio of 1.47. The business's 50 day moving average price is $96.12 and its two-hundred day moving average price is $102.55.
Okta (NASDAQ:OKTA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Okta had a net margin of 4.85% and a return on equity of 2.79%. The company had revenue of $688.00 million during the quarter, compared to the consensus estimate of $680.14 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Okta has set its Q2 2026 guidance at 0.830-0.840 EPS. FY 2026 guidance at 3.230-3.280 EPS. Equities research analysts predict that Okta, Inc. will post 0.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in OKTA. State of Wyoming bought a new position in shares of Okta during the second quarter worth approximately $84,000. Campbell Capital Management Inc. acquired a new stake in Okta during the 2nd quarter worth approximately $2,019,000. Capital Impact Advisors LLC acquired a new position in shares of Okta in the 2nd quarter worth approximately $6,939,000. Geneos Wealth Management Inc. lifted its position in shares of Okta by 12.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 15,022 shares of the company's stock valued at $1,502,000 after acquiring an additional 1,708 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Okta by 43.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 358,678 shares of the company's stock valued at $35,863,000 after purchasing an additional 109,468 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of Okta from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. UBS Group cut their price objective on shares of Okta from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. Barclays cut their price objective on shares of Okta from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday. BTIG Research restated a "buy" rating on shares of Okta in a research note on Thursday, May 22nd. Finally, Westpark Capital restated a "buy" rating and set a $140.00 price objective on shares of Okta in a research note on Wednesday, May 28th. Twenty research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $118.06.
Get Our Latest Report on Okta
Insider Buying and Selling
In other news, CFO Brett Tighe sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the transaction, the chief financial officer directly owned 132,288 shares in the company, valued at approximately $12,567,360. This trade represents a 7.03% 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. Also, insider Eric Robert Kelleher sold 16,018 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $91.81, for a total transaction of $1,470,612.58. Following the completion of the transaction, the insider owned 7,044 shares of the company's stock, valued at $646,709.64. This trade represents a 69.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,594 shares of company stock valued at $8,382,790 in the last three months. Insiders own 5.68% of the company's stock.
About Representative McClain
Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.
McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election.
Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.
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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