Anthony John Bates Buys Okta Shares

On June 18, 2026, Anthony John Bates, an insider at Okta, Inc. (NasdaqGS: OKTA), purchased 2,080 shares of the company. The transaction was not part of a pre-planned trading program. Shares of Okta traded near $115.94 on Tuesday.

Insider Buying and Selling at Okta, Inc.

Several insiders were active in Okta, Inc. recently. Anthony John Bates bought 2,080 shares on June 18, 2026, and again on June 21, 2026, he bought 2,033 shares and sold the same amount. Jacques Frederic Kerrest sold 6,800 shares on June 18, 2026, while David Schellhase also purchased 2,080 shares on the same day. Paul Sagan added 2,080 shares to his holdings on June 18, 2026.

Other Institutional Activity in Okta, Inc.

BlackRock, Inc. increased its holdings in Okta by 443,999 shares, reaching a total of 19,037,532 shares valued at approximately $1.50 billion. FMR LLC boosted its stake by 1,334,029 shares, resulting in a total of 11,342,824 shares worth about $892.79 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions in Okta, each holding 9,231,099 and 7,587,698 shares, respectively. Meanwhile, State Street Corp added 118,369 shares, bringing its total to 6,109,776 shares valued at $480.90 million. First Trust Advisors LP reduced its stake by 1,835,482 shares, now holding 4,194,608 shares worth around $330.16 million.

Okta, Inc. Stock Down 30.3%

Shares of Okta, Inc. (NasdaqGS: OKTA) traded near $115.94 on Tuesday. The company has a market cap of $20.15 billion and a P/E ratio of 84.01. Its forward P/E stands at 27.09, and it has a beta of 0.794. The stock's 52-week range is between $62.66 and $142.35, with a 50-day moving average of $91.43 and a 200-day moving average of $87.22. Okta's current ratio is 1.43, and its quick ratio is 1.30, with a debt-to-equity ratio of 5.96.

Recent Earnings

In its latest earnings report, Okta, Inc. posted revenue of $3.00 billion, reflecting a growth rate of 11.2%. The company's earnings per share (EPS) was $1.38. Okta's net margin stood at 8.24%, and its return on equity (ROE) was 3.67%. The next earnings release is scheduled for August 25, 2026.

Analysts Set New Price Targets

On June 9, 2026, UBS maintained its 'buy' rating on Okta with a price target of $150. Earlier, on June 2, 2026, Mizuho downgraded the stock to 'hold' with a target of $125. Macquarie, Barclays, Jefferies, DA Davidson, and Canaccord Genuity all maintained a 'buy' rating, with price targets ranging from $115 to $130. Citigroup maintained a 'hold' rating with a target of $105. The consensus recommendation for Okta is a 'buy', with an average target price of $119.70 from 43 analysts.

About Okta, Inc.

Okta, Inc. is a technology company based in San Francisco, California, specializing in identity and access management solutions. It offers products like Single Sign-On, Adaptive Multi-Factor Authentication, and API Access Management to secure cloud and on-premises applications. Led by CEO Todd McKinnon, Okta serves clients worldwide with a workforce of approximately 6,366 employees.

Bottom Line

Anthony John Bates's recent share purchase is a notable move among Okta's insider activities. Investors often track such insider actions as potential indicators of confidence in the company's future. It's important to remember that insider transactions are just one piece of the puzzle, and these filings reflect past actions that might not indicate current positions.