Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Okta stock on September 24th. The trade occurred in the Representative’s “UBS IRA 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 Price Performance
Shares of NASDAQ:OKTA opened at $220.21 on Friday. Okta, Inc. has a one year low of $62.66 and a one year high of $226.44. The company has a market cap of $38.50 billion, a price-to-earnings ratio of 132.66, a PEG ratio of 6.78 and a beta of 0.73. The firm has a fifty day moving average price of $171.88 and a two-hundred day moving average price of $128.55.
Insider Transactions at Okta
In other news, CEO Todd McKinnon sold 48,822 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the completion of the sale, the chief executive officer directly owned 44,029 shares of the company’s stock, valued at approximately $8,518,730.92. The trade was a 52.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the transaction, the chief financial officer directly owned 7,693 shares in the company, valued at $1,249,650.92. This represents a 84.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 137,766 shares of company stock worth $23,927,112. 4.61% of the stock is currently owned by insiders.
Analyst Ratings Changes
OKTA has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Okta from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Citigroup reaffirmed a “market outperform” rating on shares of Okta in a research report on Thursday, September 24th. Cantor Fitzgerald increased their target price on Okta from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. The Goldman Sachs Group lifted their price target on Okta from $126.00 to $203.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, DA Davidson increased their price objective on Okta from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. One 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.72.
Check Out Our Latest Report on OKTA
Institutional Trading of Okta
Several large investors have recently modified their holdings of the company. Versant Capital Management Inc grew its position in Okta by 11.9% in the third quarter. Versant Capital Management Inc now owns 563 shares of the company’s stock worth $118,000 after acquiring an additional 60 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Okta by 64.2% during the second quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock valued at $27,000 after buying an additional 77 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of Okta during the 3rd quarter worth approximately $26,000. CX Institutional boosted its holdings in Okta by 5.1% during the 2nd quarter. CX Institutional now owns 2,633 shares of the company’s stock valued at $359,000 after acquiring an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Okta by 10.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock valued at $105,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 86.64% 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.
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