Rep. Maria Elvira Salazar (R-FL) Sells OKTA Stock

Representative Maria Elvira Salazar sold shares of Okta, Inc. (NasdaqGS: OKTA) on September 24, 2026. The transaction was valued between $1,001 and $15,000 and was reported on October 7, 2026.

Other Institutional Activity in Okta, Inc.

Blackrock Inc. reduced its holdings by 342,687 shares, ending with 18,695,465 shares worth about $3.5 billion. FMR, LLC added 4,929,486 shares, bringing its total to 16,272,067 shares valued at approximately $3.0 billion. Vanguard Portfolio Management LLC trimmed its stake by 282,485 shares, resulting in 8,949,045 shares worth around $1.7 billion. Vanguard Capital Management LLC increased its position slightly by 6,829 shares, totaling 7,594,193 shares valued at about $1.4 billion. State Street Corporation grew its holdings by 164,961 shares, ending with 6,274,631 shares worth roughly $1.2 billion.

Okta, Inc. Stock Down 11.7%

Okta's stock is currently trading at about $186.71, which is above its 50-day moving average of $177.79 but below its 52-week high of $235. The stock is also below the mean price target of $212.83 set by analysts, indicating potential room for growth.

Recent Earnings

For the trailing twelve months, Okta reported revenue of approximately $3.07 billion and earnings per share of $1.55. The next earnings report is expected on December 1, 2026.

Insider Buying and Selling at Okta, Inc.

Before Salazar's sale, several insiders also sold shares of Okta. On September 2, 2026, Chief Financial Officer Brett Tighe sold 80,000 shares valued at about $12.9 million. President Eric Robert Kelleher sold 2,549 shares on September 11 for around $429,643 and another 6,395 shares on September 18 valued at about $1.17 million. CEO Todd McKinnon sold 48,822 shares on September 22, totaling about $9.4 million.

Analysts Set New Price Targets

After Salazar's sale, several analysts reaffirmed their ratings for Okta. On September 25, 2026, Macquarie maintained an "Outperform" rating with a price target of $240, while Truist Securities also kept a "Buy" rating with a target of $235. Scotiabank maintained a "Sector Outperform" rating with a $245 target, and Citizens kept a "Market Outperform" rating with a target of $225. Morgan Stanley also maintained an "Overweight" rating with a price target of $245.

About Okta, Inc.

Okta, Inc. operates as a technology company that provides identity solutions for businesses. Its services help organizations manage and secure user identities across various applications, both in the U.S. and internationally.

Bottom Line

Investors should pay attention to Salazar's recent trades as she continues to sell shares of various companies, including Okta. The next earnings date is set for December 1, 2026, which could provide further insights into the company's performance.