Okta COO Eric Kelleher Sells 8,285 Shares
Eric Kelleher, Okta's COO, recently sold 8,285 shares, highlighting active insider trading.
Key Points
- Eric Kelleher, Okta's COO, sold 8,285 shares on June 15, 2026, in a transaction not planned under Rule 10b5-1.
- Okta's stock trades near $116.27 with a market cap of $20.2 billion and a forward P/E of 27.17.
- Other insiders, including CEO Todd McKinnon, have also been active, with recent buys and sells.
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Eric Kelleher, President and Chief Operating Officer of Okta, Inc., sold 8,285 shares of the company on June 15, 2026. This transaction was not part of a pre-planned trading program. The sale comes as Okta's stock is trading near $116.27.
Insider Buying and Selling at Okta, Inc.
Eric Kelleher's recent sale isn't the only insider activity at Okta. On June 15, 2026, CEO Todd McKinnon sold 10,711 shares. Meanwhile, Brett Tighe, the Chief Financial Officer, purchased 12,012 shares on the same day. Chief Revenue Officer Jonathan James Addison also bought 12,741 shares, reflecting varied insider sentiment.
Other Institutional Activity in Okta, Inc.
Institutional investors have been active in Okta as well. BlackRock, Inc. grew its holdings by 443,999 shares, ending with 19,037,532 shares valued at about $1.5 billion. FMR LLC added 1,334,029 shares, bringing its total to 11,342,824 shares worth approximately $892.8 million. On the flip side, First Trust Advisors LP reduced its stake by 1,835,482 shares, now holding 4,194,608 shares valued at $330.2 million.
Okta, Inc. Stock Down 30.1%
Shares of NasdaqGS:OKTA are trading around $116.27. Okta has a market cap of approximately $20.2 billion. The company has a P/E ratio of 84.25 and a forward P/E of 27.17, with a beta of 0.794. The stock's 52-week range is between $62.66 and $142.35. Its 50-day moving average is $89.92, and the 200-day moving average is $86.98.
$OKTA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Okta reported revenue of $3.00 billion, with a revenue growth rate of 11.2%. The company's net margin stands at 8.24%, and its return on equity is 3.67%. Investors are looking forward to the next earnings report on August 25, 2026.
Analysts Set New Price Targets
On June 9, 2026, UBS maintained its 'buy' rating with a price target of $150. Mizuho recently downgraded the stock to 'hold' with a target of $125 on June 2, 2026. The consensus recommendation remains 'buy' with a mean price target of $119.35 among 43 analysts.
About Okta, Inc.
Okta, Inc. is a technology company operating in the software infrastructure sector. Headquartered in San Francisco, California, Okta specializes in identity management solutions, offering products like Single Sign-On and Adaptive Multi-Factor Authentication. The company supports secure access to cloud and on-premises applications and is led by CEO Todd McKinnon.
Bottom Line
Eric Kelleher's recent sale of Okta shares is part of a broader trend of insider activity at the company. Okta remains a significant player in the identity management space, with a substantial market cap and active institutional interest. Investors keep a close eye on insider transactions as part of their due diligence, though these trades don't always indicate the company's future performance.
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