Okta (NASDAQ:OKTA) Insider Larissa Schwartz Sells 6,377 Shares

09 Apr 2026, 17:42 by Teresa Graham · The Cerbat Gem

Okta, Inc. (NASDAQ:OKTA – Get Free Report) insider Larissa Schwartz sold 6,377 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $79.75, for a total value of $508,565.75. Following the completion of the sale, the insider owned 54,825 shares in the company, valued at $4,372,293.75. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Larissa Schwartz also recently made the following trade(s):

On Tuesday, March 10th, Larissa Schwartz sold 1,836 shares of Okta stock. The shares were sold at an average price of $79.89, for a total value of $146,678.04.
On Friday, February 6th, Larissa Schwartz sold 1,836 shares of Okta stock. The shares were sold at an average price of $83.47, for a total value of $153,250.92.

Okta Trading Down 10.9%

Shares of NASDAQ:OKTA traded down $8.28 on Thursday, hitting $67.76. The company had a trading volume of 5,417,125 shares, compared to its average volume of 3,360,650. The business has a 50 day moving average of $79.77 and a 200 day moving average of $85.30. Okta, Inc. has a 52-week low of $67.69 and a 52-week high of $127.57. The company has a market cap of $11.99 billion, a PE ratio of 51.73, a PEG ratio of 3.14 and a beta of 0.76.

Okta (NASDAQ:OKTA – Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm had revenue of $761.00 million for the quarter, compared to the consensus estimate of $749.87 million. During the same period in the prior year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, equities analysts predict that Okta, Inc. will post 0.42 EPS for the current year.

Okta declared that its board has authorized a stock buyback program on Monday, January 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Analyst support remains constructive: brokerages show an average rating of “Moderate Buy,” which can provide a cushion for the stock amid volatility. Okta, Inc. (NASDAQ:OKTA) Receives Average Rating of “Moderate Buy” from Brokerages
Positive Sentiment: Wall Street pieces continue to recommend Okta as a buy candidate, reflecting ongoing conviction in Okta’s market position in identity and access management. Brokers Suggest Investing in Okta (OKTA): Read This Before Placing a Bet
Neutral Sentiment: Media and market watchers note increased investor attention and trading activity in OKTA — coverage that can amplify moves but doesn’t change the company’s multi‑quarter growth trajectory. Okta, Inc. (OKTA) is Attracting Investor Attention: Here is What You Should Know
Neutral Sentiment: Price‑action coverage notes recent intraday declines, documenting the market reaction but offering little new on fundamentals. Okta (OKTA) Stock Slides as Market Rises: Facts to Know Before You Trade
Negative Sentiment: Anthropic’s Claude Mythos is being reported to autonomously find zero‑day vulnerabilities, putting identity providers like Okta under fresh scrutiny for their ability to keep pace with AI‑driven threat discovery. That development is a primary driver of today’s selling pressure. Claude Mythos Puts Okta’s Identity Control Role Under Fresh Scrutiny
Negative Sentiment: News flow ties Claude Mythos to a broader market reaction — several security/IT stocks, including Okta and Rapid7, fell sharply after the revelation, increasing near‑term volatility and risk premia on identity names. Okta and Rapid7 Shares Plummet, What You Need To Know
Negative Sentiment: Broader security commentary warns that AI is accelerating cyberattacks faster than defenses can adapt, a structural risk that could pressure spending dynamics or require faster product investment from vendors like Okta. AI Is Accelerating Cyberattacks Faster Than Defenses
Negative Sentiment: Competitive moves in identity/security (example: SailPoint naming a new CPO) are a reminder that product innovation and go‑to‑market execution remain key — any perception of falling behind could amplify downside. SailPoint appoints Levent Besik as Chief Product Officer

Institutional Investors Weigh In On Okta

A number of large investors have recently modified their holdings of OKTA. Norges Bank acquired a new stake in shares of Okta in the fourth quarter valued at about $175,193,000. First Trust Advisors LP grew its stake in shares of Okta by 28.2% in the fourth quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock valued at $521,422,000 after buying an additional 1,326,051 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Okta by 113.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,067,128 shares of the company’s stock valued at $172,895,000 after buying an additional 1,099,962 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Okta by 5.7% in the third quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after buying an additional 1,074,977 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of Okta by 276.9% in the third quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company’s stock valued at $128,701,000 after buying an additional 1,031,083 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OKTA shares. Deutsche Bank Aktiengesellschaft reduced their target price on Okta from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $134.00 target price on shares of Okta in a research report on Friday, March 6th. Morgan Stanley dropped their price target on Okta from $110.00 to $101.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Needham & Company LLC dropped their price target on Okta from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, UBS Group dropped their price target on Okta from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Twenty-six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.25.

View Our Latest Analysis on OKTA

Okta Company Profile

(Get Free Report)

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.