Eric Robert Kelleher Sells 6,395 Shares of Okta (NASDAQ:OKTA) Stock

Okta, Inc. (NASDAQ:OKTA) insider Eric Kelleher sold 6,395 shares of the company’s stock in a transaction 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 sale, the insider owned 18,668 shares of the company’s stock, valued at approximately $3,427,071.44. This trade represents a 25.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 11th, Eric Kelleher sold 2,549 shares of Okta stock. The shares were sold at an average price of $168.55, for a total transaction of $429,633.95.

Okta Trading Up 2.8%

Shares of NASDAQ OKTA traded up $5.29 during mid-day trading on Tuesday, reaching $196.62. The company had a trading volume of 5,130,759 shares, compared to its average volume of 3,607,229. The company has a 50-day moving average price of $154.59 and a two-hundred day moving average price of $116.61. The stock has a market cap of $34.37 billion, a PE ratio of 118.45, a P/E/G ratio of 5.67 and a beta of 0.79. Okta, Inc. has a 1-year low of $62.66 and a 1-year high of $198.09.

Okta (NASDAQ:OKTA) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.96 by $0.09. The business had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, research analysts expect that Okta, Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

OKTA has been the subject of several recent research reports. Berenberg Bank boosted their target price on shares of Okta from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Royal Bank Of Canada upped their price objective on shares of Okta from $166.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Robert W. Baird increased their target price on shares of Okta from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday. Arete Research set a $127.00 target price on Okta and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Canaccord Genuity Group boosted their price target on Okta from $115.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Okta has an average rating of “Moderate Buy” and a consensus price target of $177.61.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI security product expansion: Okta introduced an AI agent runtime gateway and announced the Blueprint Alliance with AWS and CrowdStrike. The initiative is intended to provide a shared architecture for controlling agent identities, permissions and interactions across enterprise systems. Okta adds AI agent runtime gateway, forms Blueprint Alliance with AWS and CrowdStrike
• Positive Sentiment: Potential new growth market: Coverage of Okta’s expanded AI-agent controls suggests the company is positioning itself as a “gatekeeper” for agent identity and access, potentially extending its addressable market beyond traditional workforce and customer security. Okta expands AI agent controls
• Positive Sentiment: Wall Street support: Needham raised its price target to $230 and kept a Buy rating, while Robert W. Baird lifted its target to $200 with an Outperform rating. Analysts cited AI-agent traction and the potential for Okta to monetize agent governance. Needham raises Okta price target
• Positive Sentiment: Partner ecosystem validation: Aembit added support for Okta’s Cross App Access protocol, extending Okta-based identity authorization to AI-agent connections and strengthening adoption prospects. Aembit launches support for Okta Cross App Access
• Neutral Sentiment: Oktane 2026 begins in Las Vegas, with investors watching for additional AI security announcements, product details and evidence of customer demand. Okta Oktane 2026 preview
• Negative Sentiment: Valuation and execution risks remain. Okta trades near its 52-week high at a premium valuation, while some coverage notes that the financial payoff from AI security remains unproven. Scotiabank raised its target to $190 but retained a Sector Outperform rating, leaving its target below the current trading level.

Institutional Investors Weigh In On Okta

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Okta by 71.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock worth $281,209,000 after purchasing an additional 1,485,963 shares during the period. Geode Capital Management LLC grew its position in Okta by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock worth $281,246,000 after buying an additional 57,605 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Okta by 28.4% during the first quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock valued at $195,844,000 after acquiring an additional 550,328 shares during the period. Swedbank AB raised its holdings in Okta by 21.9% in the 1st quarter. Swedbank AB now owns 2,216,588 shares of the company’s stock valued at $174,468,000 after acquiring an additional 397,507 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Okta during the 4th quarter worth approximately $175,193,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

About Okta

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.