Okta (NASDAQ:OKTA) Stock Purchase Disclosed by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Okta stock on September 4th. The trade occurred in the Representative’s “UBS BROKERAGE ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Okta Stock Performance

Shares of NASDAQ:OKTA opened at $220.21 on Friday. The stock has a 50-day simple moving average of $171.88 and a 200-day simple moving average of $128.55. The stock has a market capitalization of $38.50 billion, a P/E ratio of 132.66, a PEG ratio of 6.78 and a beta of 0.73. Okta, Inc. has a 1 year low of $62.66 and a 1 year high of $226.44.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. During the same period in the previous year, the company posted $0.91 earnings per share. Okta’s revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Analysts predict that Okta, Inc. will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Okta

Several large investors have recently added to or reduced their stakes in OKTA. Mn Services Vermogensbeheer B.V. boosted its holdings in Okta by 5.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 50,845 shares of the company’s stock worth $10,632,000 after purchasing an additional 2,600 shares during the period. GAMMA Investing LLC raised its holdings in shares of Okta by 15.5% during the third quarter. GAMMA Investing LLC now owns 4,547 shares of the company’s stock worth $951,000 after purchasing an additional 611 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Okta by 5.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,344 shares of the company’s stock worth $699,000 after buying an additional 175 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Okta by 4,458.5% in the 3rd quarter. CoreCap Advisors LLC now owns 2,416 shares of the company’s stock worth $505,000 after buying an additional 2,363 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Okta by 4.9% in the 3rd quarter. Gradient Investments LLC now owns 24,634 shares of the company’s stock valued at $5,151,000 after buying an additional 1,153 shares during the period. 86.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Okta from $115.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Raymond James Financial lifted their target price on Okta from $115.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. The Goldman Sachs Group raised their price objective on Okta from $126.00 to $203.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, Citizens Jmp upped their target price on Okta from $180.00 to $225.00 and gave the company a “market outperform” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.72.

Insider Activity at Okta

In other Okta news, CEO Todd McKinnon sold 48,822 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total value of $9,446,080.56. Following the transaction, the chief executive officer owned 44,029 shares of the company’s stock, valued at $8,518,730.92. This trade represents a 52.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the completion of the transaction, the insider owned 18,668 shares of the company’s stock, valued at approximately $3,427,071.44. The trade was a 25.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,766 shares of company stock valued at $23,927,112 in the last quarter. Insiders own 4.61% of the company’s stock.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Okta Company Profile

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta’s products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.