On January 7, Okta insider Larissa Schwartz sold 1,899 shares of the company, reducing her holdings by 4.74%. The transaction generated $172,315.26 in proceeds and leaves Schwartz with 38,164 shares valued at approximately $3.46 million. This sale follows two earlier dispositions: 1,318 shares on December 5 and 1,318 shares on November 11, bringing her total sales since November to 4,535 shares.

In its December 2 quarter, Okta reported revenue of $742.0 million, up 11.6% year-over-year and ahead of the consensus of $730.2 million. Adjusted EPS was $0.82, topping analyst forecasts by $0.06. The company achieved a 6.87% net margin and a 3.77% return on equity. Management raised full-year 2026 EPS guidance to a range of $3.43–$3.44 and set Q4 guidance at $0.84–$0.85, with analysts currently modeling $0.42 EPS for the fiscal year.

On January 5, Okta’s board approved a share repurchase program of up to $1.00 billion, representing roughly 6.8% of the outstanding shares. The authorization allows open-market purchases and signals management’s confidence in the valuation. The buyback plan complements ongoing efforts to improve capital returns and enhance shareholder value.

Following the quarter, twenty-four analysts maintain a Buy recommendation, thirteen rate the stock as Hold and two as Sell, yielding a consensus rating of Moderate Buy. Price targets range from $95.00 to $145.00, with an average consensus target of $114.09. Notable recent actions include Piper Sandler raising its target to $100.00 with a Neutral stance and Berenberg Bank initiating coverage with a $145.00 objective and a Buy rating.