Okta (NASDAQ:OKTA) Insider Eric Robert Kelleher Sells 2,409 Shares

Okta, Inc. (NASDAQ:OKTA) insider Eric Robert Kelleher sold 2,409 shares of Okta stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total value of $203,319.60. Following the sale, the insider directly owned 11,266 shares in the company, valued at $950,850.40. The trade was a 17.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, December 22nd, Eric Robert Kelleher sold 127 shares of Okta stock. The shares were sold at an average price of $91.40, for a total value of $11,607.80.
• On Thursday, December 18th, Eric Robert Kelleher sold 8,370 shares of Okta stock. The shares were sold at an average price of $90.19, for a total transaction of $754,890.30.

Okta Stock Performance

Okta stock traded up $2.65 during midday trading on Tuesday, reaching $90.36. The stock had a trading volume of 2,021,475 shares, compared to its average volume of 2,596,489. The stock has a market capitalization of $16.01 billion, a P/E ratio of 82.90, a price-to-earnings-growth ratio of 3.91 and a beta of 0.76. Okta, Inc. has a 1-year low of $75.05 and a 1-year high of $127.57. The firm’s fifty day simple moving average is $85.93 and its 200-day simple moving average is $90.64.

Okta (NASDAQ:OKTA) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm 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%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. 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, sell-side analysts anticipate that Okta, Inc. will post 0.42 earnings per share for the current fiscal year.

Okta announced that its board has approved a stock buyback plan on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OKTA. Fluent Financial LLC lifted its position 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 acquiring an additional 5,272 shares in the last quarter. Ninety One SA PTY Ltd boosted its stake in Okta by 57.9% during the 2nd quarter. Ninety One SA PTY Ltd now owns 49,209 shares of the company’s stock valued at $4,920,000 after purchasing an additional 18,046 shares in the last quarter. Focus Partners Wealth lifted its stake in Okta by 3.5% during the first quarter. Focus Partners Wealth now owns 114,480 shares of the company’s stock valued at $12,046,000 after purchasing an additional 3,857 shares during the last quarter. US Bancorp DE lifted its stake in Okta by 478.0% during the second quarter. US Bancorp DE now owns 408,888 shares of the company’s stock valued at $40,877,000 after buying an additional 338,143 shares in the last quarter. Finally, Smith Group Asset Management LLC lifted its position in shares of Okta by 2.0% in 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. 86.64% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Board approved a $1 billion share repurchase program (authorizes purchases of up to ~6.8% of shares), which the company says reflects confidence in long‑term opportunities and that shares are undervalued. Okta Announces $1 Billion Share Repurchase Program
• Positive Sentiment: News coverage notes the stock rose/edged higher after the buyback announcement as traders reacted to the repurchase plan. Okta (OKTA) stock is up, what you need to know
• Positive Sentiment: Analyst support: Robert W. Baird reiterated a Buy stance, highlighting strong cash generation and the $1B buyback as support for 2026 upside. Okta: Undervalued Security Platform Poised for 2026 Upside, Supported by Strong Cash Generation and $1B Buyback
• Neutral Sentiment: Okta will present at an upcoming investor conference — could provide more management detail but not an immediate catalyst until new guidance or metrics are released. Okta to Present at Upcoming Investor Conference: Key Insights for Investors
• Neutral Sentiment: Headline mention in a Motley Fool list increases visibility but is not a direct fundamental change. 10 Magnificent Stocks That Can Make You Richer in 2026
• Negative Sentiment: Valuation and execution remain potential headwinds: Okta trades at a high P/E and still must deliver sustained revenue and margin improvement to justify expectations; buybacks help EPS but don’t change underlying growth dynamics. (Background investor metrics: elevated P/E, prior quarter earnings beat and FY26 guidance were provided.)

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. UBS Group restated a “buy” rating on shares of Okta in a research note on Thursday, December 4th. BTIG Research cut their target price on shares of Okta from $142.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Piper Sandler boosted their price objective on Okta from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Okta in a research report on Monday, December 1st. Twenty-four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.09.

Okta Company Profile

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.