Paul Sagan Acquires Shares in Okta, Inc.
Paul Sagan purchased 2,080 shares of Okta, Inc. on June 18, 2026.
Key Points
- Paul Sagan bought 2,080 shares of Okta, Inc. on June 18, 2026, with the stock trading at $115.94 on Tuesday.
- Okta, Inc. has a market cap of $20.15 billion, a P/E ratio of 84.01, and a 52-week high of $142.35.
- Analysts have set a mean price target of $119.70, with UBS maintaining a 'buy' rating and a $150 target.
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On June 18, 2026, Paul Sagan acquired 2,080 shares of Okta, Inc. (NasdaqGS: OKTA). This transaction was not part of a pre-arranged trading plan. Shares of Okta traded at $115.94 on Tuesday.
Insider Buying and Selling at Okta, Inc.
Paul Sagan, among other insiders, bought 2,080 shares on June 18, 2026. On the same day, David Schellhase also acquired 2,080 shares. Notably, Jacques Frederic Kerrest sold 6,800 shares. Earlier, on June 21, 2026, Anthony John Bates both bought and sold 2,033 shares.
Other Institutional Activity in Okta, Inc.
Several major institutional investors have adjusted their positions in Okta. BlackRock, Inc. increased its holdings by 443,999 shares, ending with 19,037,532 shares valued at approximately $1.50 billion, a 2.4% increase. FMR LLC added 1,334,029 shares, raising its stake by 13.3% to 11,342,824 shares worth about $892.79 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with share counts of 9,231,099 and 7,587,698, respectively. Meanwhile, First Trust Advisors LP reduced its holdings by 1,835,482 shares, a 30.4% decrease, leaving it with 4,194,608 shares.
Okta, Inc. Stock Down 33.0%
Shares of Okta, Inc. traded near $115.94 on Tuesday. The company boasts a market cap of $20.15 billion and a P/E ratio of 84.01. Its forward P/E stands at 27.09, and the stock has a beta of 0.794. Over the past year, Okta's stock has ranged from a low of $62.66 to a high of $142.35. The 50-day moving average is $91.43, while the 200-day moving average is $87.22.
$OKTA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, Okta, Inc. posted revenue of $3.00 billion, reflecting a growth rate of 11.2%. The company's net margin was 8.24%, with a return on equity of 3.67%. Earnings per share came in at $1.38. The next earnings announcement is expected on August 25, 2026.
Analysts Set New Price Targets
Analysts have been active in updating their views on Okta. On June 9, 2026, UBS maintained a 'buy' rating with a price target of $150. Mizuho downgraded its rating to 'hold' with a $125 target on June 2, 2026. Other firms like Macquarie, Barclays, Jefferies, and DA Davidson have maintained 'buy' ratings with targets ranging from $120 to $130. The consensus recommendation is a 'buy', with a mean target price of $119.70 from 43 analysts.
About Okta, Inc.
Okta, Inc., headquartered in San Francisco, California, operates as a technology company specializing in identity management solutions. The company offers a suite of products including Single Sign-On, Adaptive Multi-Factor Authentication, and API Access Management. Led by CEO Todd McKinnon, Okta serves clients worldwide, providing secure access solutions for cloud and on-premises applications. Established in 2009, the firm employs over 6,300 people.
Bottom Line
Paul Sagan's recent purchase of Okta shares highlights ongoing insider activity at the company. Investors often track such transactions to gauge insider sentiment. It's important to remember that these filings reflect past actions and may not indicate current positions.
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