Insider Selling: Okta (NASDAQ:OKTA) CFO Sells 41,251 Shares of Stock

Posted by Stanley Muller on Sep 4th, 2026

Okta, Inc. (NASDAQ:OKTA – Get Free Report) CFO Brett Tighe sold 41,251 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total value of $6,700,812.44. Following the transaction, the chief financial officer owned 7,693 shares of the company’s stock, valued at approximately $1,249,650.92. The trade was a 84.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brett Tighe also recently made the following trade(s):

On Wednesday, September 2nd, Brett Tighe sold 38,749 shares of Okta stock. The shares were sold at an average price of $159.40, for a total value of $6,176,590.60.
On Monday, June 8th, Brett Tighe sold 65,000 shares of Okta stock. The shares were sold at an average price of $117.25, for a total value of $7,621,250.00.

Okta Price Performance

NASDAQ:OKTA traded up $0.18 during trading hours on Friday, reaching $170.60. 2,339,821 shares of the stock were exchanged, compared to its average volume of 3,570,673. Okta, Inc. has a twelve month low of $62.66 and a twelve month high of $174.85. The firm has a 50 day moving average of $145.36 and a 200 day moving average of $107.94. The stock has a market cap of $29.65 billion, a PE ratio of 102.77, a PEG ratio of 5.13 and a beta of 0.79.

Okta (NASDAQ:OKTA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The company had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $793.00 million. During the same period last year, the business earned $0.91 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Equities research analysts anticipate that Okta, Inc. will post 1.9 earnings per share for the current year.

Hedge Funds Weigh In On Okta

A number of institutional investors have recently bought and sold shares of OKTA. SHP Wealth Management acquired a new stake in shares of Okta in the fourth quarter valued at approximately $27,000. Washington Trust Advisors Inc. boosted its stake in shares of Okta by 64.2% during the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 77 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Okta by 279.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock worth $40,000 after acquiring an additional 218 shares during the last quarter. Assetmark Inc. raised its stake in Okta by 81.1% in the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $57,000 after acquiring an additional 322 shares during the period. Finally, SJS Investment Consulting Inc. raised its stake in Okta by 1,265.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 751 shares of the company’s stock valued at $59,000 after acquiring an additional 696 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OKTA shares. Roth Capital reiterated a “buy” rating on shares of Okta in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Okta from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. BMO Capital Markets raised their price objective on Okta from $168.00 to $187.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Guggenheim set a $188.00 target price on Okta and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, HSBC lowered Okta from a “buy” rating to a “hold” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.92.

Check Out Our Latest Stock Report on Okta

About Okta

(Get Free Report)

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.