Kerrest Jacques Frederic Increases Stake in Okta, Inc.

On June 18, 2026, Kerrest Jacques Frederic purchased 2,080 shares of Okta, Inc. (NasdaqGS: OKTA). The transaction did not specify a price or total value, but it represents a notable insider activity.

Other Institutional Activity in Okta

Several major funds adjusted their positions in Okta recently. BlackRock, Inc. added 443,999 shares, bringing its total to 19,037,532 shares worth approximately $1.50 billion, a 2.4% increase. FMR LLC also increased its stake by 1,334,029 shares, ending with 11,342,824 shares valued at about $892.79 million, marking a 13.3% rise. On the other hand, First Trust Advisors LP reduced its holdings by 1,835,482 shares, now holding 4,194,608 shares valued at $330.16 million, a 30.4% decrease.

Okta, Inc. Stock Down 30.3%

Shares of Okta, Inc. traded near $117.81 on Tuesday. The company has a market cap of approximately $20.48 billion and a P/E ratio of 85.37. Okta's stock has a 52-week range between $62.66 and $142.35, with a 50-day moving average of $91.43 and a 200-day moving average of $87.22. The company's beta is 0.794, indicating relatively low volatility compared to the market.

Recent Earnings

Okta reported revenue of $3.00 billion, reflecting a growth of 11.2%. The company achieved a net margin of 8.24% and a return on equity of 3.67%. Earnings per share stood at $1.38. Okta is expected to announce its next earnings on August 25, 2026.

Insider Buying and Selling at Okta, Inc.

On June 18, 2026, several insiders bought shares of Okta, including David Schellhase, who purchased 2,080 shares, and Paul Sagan, who also acquired 2,080 shares. Anthony John Bates made multiple transactions, buying 2,080 shares, then selling 2,033 shares on June 21, 2026.

Analysts Set New Price Targets

UBS maintained its "buy" rating for Okta with a price target of $150 on June 9, 2026. Mizuho downgraded the stock to "hold" with a $125 target on June 2. Meanwhile, Macquarie, Barclays, Jefferies, DA Davidson, Canaccord Genuity, and Citigroup maintained their ratings, with price targets ranging from $105 to $130.

About Okta, Inc.

Okta, Inc., based in San Francisco, California, operates as a technology company specializing in identity management solutions. The company offers a range of products, including Single Sign-On, Adaptive Multi-Factor Authentication, and API Access Management. Founded in 2009, Okta serves clients worldwide, providing secure identity solutions across various industries. The company is led by CEO Todd McKinnon and employs over 6,300 people.

Bottom Line

Insider buying activity at Okta, Inc. by Kerrest Jacques Frederic highlights ongoing interest in the company's stock. With a solid market position and recent institutional activity, Okta remains a company to watch. Remember, insider transactions are reported after they occur and might not reflect current positions.