OKTA Insider Kerrest Jacques Frederic Buys 2,080 Shares

Insider Buying and Selling at Okta, Inc.

Recent regulatory filings reveal that Kerrest Jacques Frederic, alongside fellow insiders including Emilie Choi, Paul Sagan, Bates Anthony John, David Schellhase, and Chief Executive Officer Todd Mckinnon, acquired 2,080 shares of Okta, Inc. (NasdaqGS: OKTA) on June 18, 2026. These transactions form part of a broader pattern of recent insider movements at the software provider. Earlier in the month on June 15, Chief Revenue Officer Addison Jonathan James disposed of 12,741 shares, while CEO Todd Mckinnon added 21,048 shares on the same date. Examining these trades provides a window into how leaders manage their holdings alongside ongoing corporate developments.

Okta Stock Performance and Market Position

Okta shares recently changed hands at $115.94, placing the security near its 200-day moving average of $117.42. The software provider has seen a wide 52-week trading span, stretching from a low of $62.66 up to a high of $235.00. The company carries a market capitalization of $36.45 billion. Its trailing price-to-earnings ratio stands at 134.53, while its forward P/E sits at 47.62.

Recent Earnings and Financial Health

For the trailing period, Okta generated $3.07 billion in revenue, achieving a revenue growth rate of 10.6%. Profitability metrics show basic earnings per share of $1.55, paired with a net margin of 9.6% and a return on equity of 4.3%. Investors look toward the company's next earnings report scheduled for December 1, 2026, for further updates on revenue growth and profitability metrics.

Analysts Set New Price Targets

Wall Street firms have actively adjusted their targets for the software provider. On October 15, 2026, Citigroup maintained its neutral rating while lifting its price target to $215.00 from $205.00. Bmo Capital kept an outperform rating on October 9, 2026, raising its target from $230.00 to $245.00. Morgan Stanley maintains an overweight rating with a target of $245.00, while Truist Securities holds a buy rating with a target of $235.00. Overall, the company holds a consensus buy recommendation backed by a mean target price of $212.83 across 43 analyst opinions.

What Okta Does

Headquartered in San Francisco, California, Okta operates as an identity partner, delivering cloud-based security tools. Its platform helps organizations manage single sign-on, adaptive multi-factor authentication, API access, and user lifecycles across hybrid IT environments, serving enterprise clients globally.

Looking Ahead at Okta Filings

Market participants will monitor future Form 4 filings with the Securities and Exchange Commission to track further insider transactions. The upcoming earnings report on December 1, 2026, will also provide fresh data on the firm's operational progress. These observations remain purely informational and do not constitute financial advice.