Okta, Inc. (NASDAQ:OKTA – Get Free Report) Director Shellye Archambeau sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the director owned 9,192 shares in the company, valued at approximately $781,320. The trade was a 21.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Okta Price Performance
Shares of OKTA stock opened at $89.44 on Friday. Okta, Inc. has a one year low of $62.66 and a one year high of $127.52. The company’s fifty day moving average price is $77.65 and its 200-day moving average price is $82.50. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 68.28, a PEG ratio of 3.47 and a beta of 0.59.
Okta (NASDAQ:OKTA – Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $749.87 million. During the same quarter in the prior year, the firm posted $0.78 EPS. Okta’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. Equities research analysts expect that Okta, Inc. will post 1.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Okta
Okta News Summary
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Okta was named a Leader in Forrester’s 2026 Workforce Identity Security Platforms report, reinforcing its position as a top enterprise identity provider and supporting the bullish case for its security platform. Okta Named a Leader in The 2026 Forrester Wave™: Workforce Identity Security Platforms
- Positive Sentiment: BTIG raised its price target on OKTA to $105 and kept a Buy rating, while Jefferies also said Okta should beat its Q1 bookings target and sees the stock as attractive on valuation. Okta set to beat Q1 bookings target but Q2 outlook may disappoint, Jefferies says
- Positive Sentiment: Investor sentiment also improved as software stocks rebounded on easing fears that AI will weaken demand for traditional enterprise software, which has helped Okta participate in the broader sector recovery. Manhattan Associates, Okta, Commerce, and SentinelOne Stocks Trade Up, What You Need To Know
- Neutral Sentiment: TD Cowen reiterated a Hold rating, which is more cautious than bullish but does not materially undercut the positive thesis. TD Cowen Keeps Their Hold Rating on Okta (OKTA)
- Negative Sentiment: Director Shellye Archambeau sold 2,500 shares in a pre-arranged Rule 10b5-1 transaction, which may slightly weigh on sentiment even though the sale was planned in advance. SEC filing
Analyst Ratings Changes
OKTA has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Okta from $121.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Cantor Fitzgerald cut their price objective on shares of Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Truist Financial reduced their price objective on shares of Okta from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of Okta from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, KeyCorp upped their target price on shares of Okta from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Monday. Thirty analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Okta currently has an average rating of “Moderate Buy” and an average target price of $101.86.
Check Out Our Latest Stock Report on Okta
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.
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