David Schellhase Purchases Shares in Okta, Inc.

David Schellhase, an insider at Okta, Inc., bought 2,080 shares of the company on June 18, 2026. The transaction was not part of a pre-planned trading arrangement. This move adds to the insider activity surrounding Okta, reflecting ongoing interest in the company's stock.

Other Institutional Activity in Okta, Inc.

Several major funds have also made moves with Okta shares. BlackRock, Inc. grew its holdings by 443,999 shares, ending with 19,037,532 shares valued at approximately $1.50 billion, a 2.4% increase. FMR LLC increased its stake by 1,334,029 shares, bringing its total to 11,342,824 shares worth about $892.8 million, marking a 13.3% rise. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 9,231,099 shares and 7,587,698 shares respectively. Meanwhile, First Trust Advisors LP cut its holdings by 1,835,482 shares, leaving it with 4,194,608 shares valued at $330.2 million, a significant 30.4% decrease.

Okta, Inc. Stock Down 30.3%

Shares of NasdaqGS:OKTA traded near $115.94 on Tuesday. Okta, Inc. has a market cap of approximately $20.15 billion and a P/E ratio of 84.0. The company's forward P/E stands at 27.1, with a beta of 0.794. Over the past 52 weeks, the stock has ranged from $62.66 to $142.35, with a 50-day moving average of $91.43 and a 200-day moving average of $87.22. The company'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 most recent earnings report, Okta, Inc. posted revenue of $3.00 billion, reflecting an 11.2% growth. The company's earnings per share (EPS) were $1.38, with a net margin of 8.24% and a return on equity (ROE) of 3.67%. The next earnings report is scheduled for August 25, 2026.

Insider Buying and Selling at Okta, Inc.

Alongside David Schellhase's purchase, other insiders were active as well. On June 18, 2026, Jacques Frederic Kerrest sold 6,800 shares, and Anthony John Bates both bought and sold 2,033 shares on June 21, 2026. Paul Sagan also purchased 2,080 shares on June 18, 2026. None of these transactions were part of pre-planned trading programs.

Analysts Set New Price Targets

Analysts have been active in setting price targets for Okta, Inc. On June 9, 2026, UBS maintained a 'buy' rating with a $150 price target. Earlier, on June 2, 2026, Mizuho downgraded the stock to 'hold' with a $125 target. On May 29, 2026, Macquarie, Barclays, Jefferies, and DA Davidson all maintained 'buy' ratings, with targets ranging from $120 to $130. The consensus among analysts is a 'buy', with an average target price of $119.70 based on 43 opinions.

About Okta, Inc.

Okta, Inc. operates in the technology sector, specifically within the software infrastructure industry. The company provides identity management solutions, including single sign-on and multi-factor authentication, to secure access to applications and devices. Headquartered in San Francisco, California, and led by CEO Todd McKinnon, Okta serves clients worldwide. The company was founded in 2009 and employs approximately 6,366 people.

Bottom Line

David Schellhase's recent purchase of Okta shares highlights insider confidence in the company. As a major player in identity management, Okta continues to attract interest from institutional investors, as seen in recent filings. Investors will be watching upcoming earnings and analyst updates closely, though it's important to remember that insider transactions and 13F filings are backward-looking and may not reflect current positions.