Eric Robert Kelleher Sells 2,410 Shares of Okta (NASDAQ:OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) insider Eric Robert Kelleher sold 2,410 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $91.73, for a total value of $221,069.30. Following the completion of the sale, the insider owned 9,174 shares of the company’s stock, valued at $841,531.02. This trade represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eric Robert Kelleher also recently made the following trade(s):

• On Thursday, September 18th, Eric Robert Kelleher sold 8,522 shares of Okta stock. The shares were sold at an average price of $92.62, for a total transaction of $789,307.64.
• On Tuesday, July 15th, Eric Robert Kelleher sold 16,018 shares of Okta stock. The stock was sold at an average price of $91.81, for a total transaction of $1,470,612.58.

Okta Stock Performance

NASDAQ:OKTA opened at $93.30 on Monday. The stock has a market capitalization of $16.33 billion, a PE ratio of 109.76, a P/E/G ratio of 4.58 and a beta of 0.84. Okta, Inc. has a fifty-two week low of $70.92 and a fifty-two week high of $127.57. The company has a fifty day moving average of $92.49 and a two-hundred day moving average of $100.47.

Okta (NASDAQ:OKTA) last released its earnings results on Tuesday, August 26th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The business had revenue of $728,000 billion during the quarter, compared to analysts’ expectations of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. Okta has set its FY 2026 guidance at 3.330-3.380 EPS. Q3 2026 guidance at 0.740-0.750 EPS. Research analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Okta

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Okta by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 18,728,250 shares of the company’s stock valued at $1,872,263,000 after acquiring an additional 935,364 shares during the period. First Trust Advisors LP boosted its stake in shares of Okta by 9.1% in the second quarter. First Trust Advisors LP now owns 4,901,123 shares of the company’s stock valued at $489,966,000 after purchasing an additional 407,087 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Okta by 20.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,455,653 shares of the company’s stock valued at $445,432,000 after purchasing an additional 755,709 shares in the last quarter. Geode Capital Management LLC increased its stake in Okta by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,155,011 shares of the company’s stock worth $314,488,000 after buying an additional 314,525 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Okta by 76.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,748,847 shares of the company’s stock worth $289,234,000 after buying an additional 1,189,222 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OKTA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Okta in a research note on Saturday, September 27th. Guggenheim reaffirmed a “buy” rating and set a $138.00 target price on shares of Okta in a research note on Wednesday, August 27th. Barclays upped their target price on shares of Okta from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Okta in a research note on Wednesday, August 27th. Finally, BTIG Research restated a “buy” rating and set a $142.00 price target on shares of Okta in a research report on Friday, September 26th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $118.94.

Okta Company Profile

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.