Okta (NASDAQ:OKTA) Stock Purchase Reported by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Okta stock on September 4th. The trade occurred in the Representative’s “UBS BROKERAGE 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 Trading Up 1.0%

NASDAQ OKTA opened at $220.21 on Friday. The firm’s fifty day simple moving average is $171.88 and its two-hundred day simple moving average is $128.55. The firm has a market capitalization of $38.50 billion, a P/E ratio of 132.66, a P/E/G ratio of 6.78 and a beta of 0.73. Okta, Inc. has a 12-month low of $62.66 and a 12-month high of $226.44.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. The firm had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $793.00 million. Okta had a return on equity of 4.50% and a net margin of 9.63%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last 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. As a group, sell-side analysts predict that Okta, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Okta

In related news, CEO Todd McKinnon sold 48,822 shares of Okta stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $193.48, for a total value of $9,446,080.56. Following the sale, the chief executive officer directly owned 44,029 shares in the company, valued at approximately $8,518,730.92. The trade was a 52.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total value of $6,700,812.44. Following the transaction, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at $1,249,650.92. The trade was 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. Insiders have sold a total of 137,766 shares of company stock valued at $23,927,112 over the last ninety days. Corporate insiders own 4.61% of the company’s stock.

Institutional Trading of Okta

A number of hedge funds have recently added to or reduced their stakes in OKTA. Burkett Financial Services LLC purchased a new position in shares of Okta in the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new stake in shares of Okta in the fourth quarter valued at approximately $27,000. Washington Trust Advisors Inc. raised 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 buying an additional 77 shares during the period. Polaris Financial Partners purchased a new position in shares of Okta during the 3rd quarter valued at approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Okta by 279.5% in 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 in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Okta in a research report on Thursday, September 24th. Mizuho raised their price target on shares of Okta from $165.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, September 24th. Bank of America boosted their price objective on shares of Okta from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, September 24th. Sanford C. Bernstein lowered Okta from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $143.00 to $174.00 in a report on Thursday, September 17th. Finally, KeyCorp set a $240.00 price objective on Okta and gave the stock an “overweight” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.72.

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.