Okta (NASDAQ:OKTA) CRO Sells $1,812,818.16 in Stock

Okta, Inc. (NASDAQ:OKTA) CRO Jonathan James Addison sold 23,304 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total value of $1,812,818.16. Following the completion of the sale, the executive owned 4,364 shares of the company’s stock, valued at $339,475.56. This trade represents a 84.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Okta Price Performance

OKTA stock opened at $73.23 on Friday. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 3.10 and a beta of 0.79. The business’s fifty day moving average price is $81.61 and its two-hundred day moving average price is $86.05. Okta, Inc. has a fifty-two week low of $68.77 and a fifty-two week high of $127.57.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Okta had a net margin of 8.05% and a return on equity of 4.18%. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. During the same quarter in the previous year, the business posted $0.78 earnings per share. Okta’s quarterly revenue was up 11.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. Research analysts expect that Okta, Inc. will post 0.42 EPS for the current year.

Okta announced that its Board of Directors has authorized a stock repurchase program on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 earnings beat, revenue growth and FY‑2027 guidance plus a $1.0B share‑repurchase authorization provide fundamental and capital‑allocation support. Read More.
• Positive Sentiment: Subscription revenue and identity product adoption showed strength in Q4 (higher deal values), supporting the view that product momentum can drive longer‑term reacceleration. Read More.
• Positive Sentiment: Macquarie initiated coverage with an Outperform and a $100 target, signaling some buy‑side conviction on Okta’s recovery levers. Read More.
• Neutral Sentiment: Wall Street coverage remains skewed toward Buy/Overweight overall, but price targets are dispersed — a mixed analyst backdrop that can magnify short‑term moves. Read More.
• Neutral Sentiment: Large institutional position changes and active hedge fund flows are increasing attention/volatility; these portfolio moves can amplify intraday swings without changing fundamentals. Read More.
• Negative Sentiment: Sector‑wide AI competition fears after a leak about Anthropic’s “Claude Mythos” cybersecurity agent triggered a broad selloff in security names, pressuring Okta despite company‑specific news. Read More.
• Negative Sentiment: Post‑earnings reset: investors are shifting focus from margin/profitability highlights to forward demand metrics (net retention, cRPO, backlog) and several firms trimmed targets — that rotation weighed on the stock. Read More.
• Negative Sentiment: Significant insider selling disclosed (including CEO Todd McKinnon), plus recent/announced board departures — disclosures that can increase short‑term selling pressure even when filings cite non‑disagreement reasons. Read More.

Institutional Trading of Okta

Several large investors have recently made changes to their positions in OKTA. Integrated Wealth Concepts LLC bought a new stake in Okta during the first quarter worth $225,000. NewEdge Advisors LLC increased its stake in shares of Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock valued at $582,000 after purchasing an additional 4,950 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Okta in the 2nd quarter valued at $244,000. Cetera Investment Advisers raised its holdings in shares of Okta by 22.7% during the 2nd quarter. Cetera Investment Advisers now owns 27,486 shares of the company’s stock worth $2,748,000 after buying an additional 5,090 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Okta by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,244,062 shares of the company’s stock worth $124,369,000 after buying an additional 36,304 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on OKTA. Roth Mkm reaffirmed a “buy” rating on shares of Okta in a report on Wednesday, December 3rd. Mizuho cut their price target on Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Piper Sandler reduced their price target on Okta from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Scotiabank lowered their price objective on Okta from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 5th. Finally, Cantor Fitzgerald dropped their price objective on Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Okta presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.25.

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.