Okta, Inc. Insider Acquires 12,741 Shares
Okta's Chief Revenue Officer, Addison Jonathan James, purchased 12,741 shares.
Key Points
- Addison Jonathan James, Okta's Chief Revenue Officer, bought 12,741 shares on June 15, 2026.
- Shares of Okta, Inc. (NasdaqGS:OKTA) are trading at $116.27, with a market cap of $20.2 billion and a P/E ratio of 84.25.
- UBS maintained its 'buy' rating for Okta with a $150 target, while Mizuho downgraded to 'hold' with a $125 target.
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On June 15, 2026, Addison Jonathan James, the Chief Revenue Officer of Okta, Inc. (NasdaqGS:OKTA), bought 12,741 shares of the company. This insider purchase occurred without a pre-planned trading arrangement, suggesting a personal vote of confidence in the company's future.
Okta, Inc. Stock Down 32.0%
Shares of Okta, Inc. are currently trading at $116.27. The company boasts a market cap of approximately $20.2 billion. Okta has a P/E ratio of 84.25 and a forward P/E of 27.17, indicating expectations of future earnings growth. The stock's 52-week range is between $62.66 and $142.35, with a 50-day moving average of $89.92 and a 200-day moving average of $86.98. Okta's beta is 0.794, suggesting lower volatility compared to the broader market.
$OKTA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Okta reported revenue of $3.00 billion, reflecting a growth of 11.2%. The company's net margin stands at 8.24%, and it has a return on equity of 3.67%. Investors can look forward to the next earnings report scheduled for August 25, 2026.
Insider Buying and Selling at Okta, Inc.
In addition to Addison Jonathan James's purchase, Chief Financial Officer Brett Tighe also acquired 12,012 shares on June 15, 2026. Meanwhile, CEO Todd McKinnon sold 10,711 shares on the same day. These transactions reflect internal movements and adjustments by Okta's executive team.
Analysts Set New Price Targets
On June 9, 2026, UBS maintained its 'buy' rating for Okta with a price target of $150. Earlier, on June 2, 2026, Mizuho downgraded Okta to 'hold' with a $125 target. The consensus among analysts is a 'buy' rating, with an average price target of $119.35 across 43 opinions.
About Okta, Inc.
Okta, Inc. specializes in identity management solutions, offering services like Single Sign-On, Adaptive Multi-Factor Authentication, and API Access Management. Headquartered in San Francisco, California, the company is led by CEO Todd McKinnon and employs over 6,300 people. Okta's technology helps secure access to applications and protect digital assets for businesses worldwide.
Bottom Line
Insider purchases, like the recent one by Addison Jonathan James, often draw investor attention as potential indicators of confidence in a company's prospects. However, it's important to remember that 13F filings and insider transactions are backward-looking and may not reflect current positions or future intentions. Okta remains a significant player in the identity management market, with analysts generally optimistic about its growth trajectory.
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