Okta (NASDAQ:OKTA) Insider Larissa Schwartz Sells 5,323 Shares of Stock

Okta, Inc. (NASDAQ:OKTA) insider Larissa Schwartz sold 5,323 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $77.06, for a total value of $410,190.38. Following the sale, the insider owned 49,502 shares of the company’s stock, valued at $3,814,624.12. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Larissa Schwartz also recently made the following trade(s):

• On Thursday, May 7th, Larissa Schwartz sold 1,054 shares of Okta stock. The stock was sold at an average price of $80.00, for a total value of $84,320.00.
• On Tuesday, April 7th, Larissa Schwartz sold 6,377 shares of Okta stock. The stock was sold at an average price of $79.75, for a total value of $508,565.75.
• On Tuesday, March 10th, Larissa Schwartz sold 1,836 shares of Okta stock. The stock was sold at an average price of $79.89, for a total value of $146,678.04.

Okta Stock Performance

Shares of OKTA opened at $83.90 on Friday. Okta, Inc. has a one year low of $62.66 and a one year high of $127.57. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 64.05, a PEG ratio of 3.15 and a beta of 0.59. The stock has a 50 day moving average price of $76.07 and a 200 day moving average price of $82.86.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter 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. On average, analysts predict that Okta, Inc. will post 1.61 earnings per share for the current year.

Hedge Funds Weigh In On Okta

Large investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new position in shares of Okta in the 3rd quarter valued at $26,000. Elevation Wealth Partners LLC lifted its stake in shares of Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Okta in the 4th quarter valued at $27,000. Torren Management LLC acquired a new position in shares of Okta in the 4th quarter valued at $32,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Okta in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OKTA. Stephens lowered their price objective on Okta from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Barclays raised Okta from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $85.00 to $90.00 in a research note on Monday, April 20th. Wells Fargo & Company began coverage on Okta in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $76.00 price objective on the stock. Oppenheimer lowered their price objective on Okta from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Finally, KeyCorp lowered their price objective on Okta from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Twenty-eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.89.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Recent coverage says Okta’s AI security initiatives, including securing AI agents and non-human identities, are drawing fresh investor interest and could strengthen its competitive position. Okta (OKTA) Valuation Check As AI Agent Security Push Draws Fresh Investor Attention
• Positive Sentiment: Another article highlighted Okta’s effort to make its identity platform a key layer for enterprise AI-agent security, reinforcing the bullish AI narrative. Is Okta (OKTA) Quietly Turning AI Agent Security Into Its Core Competitive Edge?
• Positive Sentiment: Media coverage noted Okta is targeting roughly 9% FY2027 growth as AI security gains traction, which may reassure investors about the company’s longer-term revenue path. Okta targets 9% FY 2027 growth as AI security gains traction
• Neutral Sentiment: Insider Larissa Schwartz sold shares in two pre-arranged Rule 10b5-1 transactions, but the sales were disclosed as part of a planned trading program and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: One article discussed Okta’s Salesforce integration and broader enterprise identity strategy, which may be viewed as strategic but does not appear to be a major near-term catalyst. Okta-Salesforce integration highlights shift in enterprise identity strategy
• Negative Sentiment: The insider stock sales may create some overhang for traders, even though they were pre-planned and relatively small compared with the insider’s remaining holdings.

About Okta

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.