Okta (NASDAQ:OKTA) CFO Brett Tighe Sells 10,000 Shares

Okta, Inc. (NASDAQ:OKTA) CFO Brett Tighe sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.00, for a total value of $950,000.00. Following the sale, the chief financial officer owned 133,336 shares in the company, valued at $12,666,920. The trade was a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, July 18th, Brett Tighe sold 10,000 shares of Okta stock. The shares were sold at an average price of $95.00, for a total value of $950,000.00.

Okta Price Performance

Shares of OKTA opened at $93.71 on Tuesday. Okta, Inc. has a 12 month low of $70.92 and a 12 month high of $127.57. The stock has a fifty day moving average price of $92.41 and a 200 day moving average price of $100.33. The company has a market cap of $16.41 billion, a P/E ratio of 110.25, a PEG ratio of 4.58 and a beta of 0.84.

Okta (NASDAQ:OKTA) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.07. The company had revenue of $728,000 billion during the quarter, compared to the consensus estimate of $711.84 million. Okta had a net margin of 6.08% and a return on equity of 3.31%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, research analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on OKTA. Cantor Fitzgerald restated an “overweight” rating and issued a $130.00 target price on shares of Okta in a research report on Wednesday, August 27th. Citigroup reissued a “market perform” rating on shares of Okta in a report on Wednesday, August 27th. Arete assumed coverage on Okta in a research report on Monday, July 7th. They issued a “sell” rating and a $83.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $140.00 price target on shares of Okta in a research report on Friday, September 26th. Finally, BMO Capital Markets lowered their price target on Okta from $132.00 to $112.00 and set a “market perform” rating on the stock in a report on Wednesday, August 27th. Twenty-two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $118.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Okta by 325.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,699,944 shares of the company’s stock valued at $389,308,000 after acquiring an additional 2,830,582 shares during the last quarter. Norges Bank bought a new stake in shares of Okta in the 2nd quarter worth approximately $211,923,000. Alkeon Capital Management LLC acquired a new stake in Okta during the first quarter valued at approximately $199,918,000. Ninety One UK Ltd acquired a new stake in Okta during the first quarter valued at approximately $189,915,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Okta by 76.3% during the first 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 own 86.64% of the company’s stock.

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.