OKTA Insider David Schellhase Buys 2,080 Shares

Insider Buying and Selling at Okta, Inc.

On June 18, 2026, David Schellhase bought 2,080 shares of Okta, Inc. (NasdaqGS: OKTA) at a price of $115.94 per share. This purchase amounts to about $240,000. Schellhase's acquisition adds to the recent wave of insider buying at Okta, reflecting confidence in the company's future prospects.

Recent Insider Activity

Schellhase wasn't the only insider to make moves on June 18. Other executives, including Kerrest Jacques Frederic, Emilie Choi, Paul Sagan, and Bates Anthony John, also purchased 2,080 shares each on the same day. Additionally, Chief Executive Officer Todd McKinnon bought 21,048 shares on June 15, further showcasing a trend of insider buying at Okta.

How Okta, Inc. Stock Has Traded

Currently, Okta's stock trades at $115.94, which is significantly lower than its 52-week high of $235.00. The stock price is also near its 200-day moving average of $117.42, suggesting it has fluctuated in the past year. Investors may find it interesting that Okta's stock is currently about 48% below its 52-week high.

Analysts Set New Price Targets

Analysts have a mixed outlook on Okta. On October 15, 2026, Citigroup maintained a 'Neutral' rating with a price target of $215.00, up from $205.00. BMO Capital also maintained its 'Outperform' rating, increasing its target from $230.00 to $245.00 on October 9, 2026. The consensus recommendation remains a 'buy' with a mean price target of $212.83 based on 43 analyst opinions.

What Okta, Inc. Does

Okta, Inc. is a technology company based in San Francisco, California. It specializes in identity management solutions, providing services like Single Sign-On and Adaptive Multi-Factor Authentication to secure access to applications. This insider buying activity comes as Okta continues to expand its offerings in the identity and access management space.

What’s Next for Okta

Investors will be looking forward to Okta's next earnings report scheduled for December 1, 2026. As the company continues to grow, these insider purchases may signal ongoing confidence in its strategic direction. This 13F filing reflects past holdings and may not represent the current positions of the insiders.