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

Okta, Inc. (NASDAQ:OKTA) CFO Brett Tighe sold 10,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the sale, the chief financial officer directly owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Okta Stock Down 1.5%

Shares of Okta stock traded down $1.41 on Thursday, reaching $91.94. The stock had a trading volume of 3,401,886 shares, compared to its average volume of 2,828,561. The stock has a market capitalization of $16.29 billion, a P/E ratio of 84.35, a P/E/G ratio of 4.40 and a beta of 0.76. The company has a 50 day moving average price of $86.53 and a 200 day moving average price of $90.42. Okta, Inc. has a 1 year low of $75.05 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $742.00 million during the quarter, compared to the consensus estimate of $730.23 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. Okta’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. On average, analysts forecast that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta announced that its Board of Directors has authorized a stock repurchase program on Monday, January 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Okta News Roundup

Here are the key news stories impacting Okta this week:

• Positive Sentiment: KeyCorp reiterated an Overweight stance with a $140 price target and published quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus — this is a material bullish signal for institutional demand.
• Positive Sentiment: UBS issued a “Buy” on Okta, adding another high-profile buy-side endorsement that can support the stock. Okta (OKTA) Receives a Buy from UBS
• Positive Sentiment: Multiple analysts highlighted upside (one note suggesting ~28% rally potential), increasing the chance of renewed buying interest if momentum shifts. Okta To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Wednesday
• Positive Sentiment: Okta began a beta of digital identity verification for U.S. mobile driver’s licenses (mDLs), a product milestone that could expand TAM and drive enterprise/security customer momentum. Okta begins beta test of digital identity verification for US mDLs
• Neutral Sentiment: Industry commentary highlights AI-driven security as a secular tailwind for identity platforms like Okta — supportive long-term context but not an immediate catalyst. Identity at the Centre: Why AI Is Accelerating a New Security Imperative
• Neutral Sentiment: Okta was included in a list of “safest growth stocks” — positive framing for long-term investors but unlikely to move price materially in the near term. 5 of the Safest Growth Stocks You Can Confidently Buy for 2026
• Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~$95.07), trimming his stake by ~6.9% — an insider sale that can trigger short-term caution and headline-driven selling. Insider transaction: Brett Tighe sold OKTA shares
• Negative Sentiment: Market commentary noted the stock declined today versus broader gains, reflecting profit-taking/rotation despite supportive analyst notes. Okta (OKTA) Stock Sinks As Market Gains: Here’s Why

Analysts Set New Price Targets

A number of research firms recently commented on OKTA. DA Davidson reiterated a “buy” rating and issued a $140.00 target price on shares of Okta in a research note on Wednesday, December 3rd. Stephens raised shares of Okta from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $120.00 in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Okta in a research report on Monday, December 1st. Finally, Berenberg Bank initiated coverage on Okta in a research note on Tuesday, November 18th. They issued a “buy” rating and a $145.00 target price for the company. Twenty-five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fluent Financial LLC increased its stake in Okta by 94.9% during the 2nd quarter. Fluent Financial LLC now owns 10,825 shares of the company’s stock worth $1,082,000 after buying an additional 5,272 shares in the last quarter. Ninety One SA PTY Ltd boosted its stake in shares of Okta by 57.9% in the second quarter. Ninety One SA PTY Ltd now owns 49,209 shares of the company’s stock worth $4,920,000 after acquiring an additional 18,046 shares during the last quarter. US Bancorp DE boosted its stake in shares of Okta by 478.0% in the second quarter. US Bancorp DE now owns 408,888 shares of the company’s stock worth $40,877,000 after acquiring an additional 338,143 shares during the last quarter. Smith Group Asset Management LLC increased its position in shares of Okta by 2.0% during the second quarter. Smith Group Asset Management LLC now owns 242,793 shares of the company’s stock worth $24,272,000 after purchasing an additional 4,798 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in Okta by 52.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,744,524 shares of the company’s stock valued at $274,370,000 after purchasing an additional 939,589 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

About Okta

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.