Okta’s 242nd-Ranked $440M Trade Sees Institutional Buyers Outpace Sellers Amid Insider Selloff

On August 12, 2025, Okta (OKTA) shares rose 0.93% with a trading volume of $440 million, ranking 242nd in market activity. Institutional investor activity highlighted mixed signals, as Massachusetts Financial Services Co. boosted its stake in Okta by 325.6% to 3.7 million shares valued at $389 million. Conversely, Motley Fool Wealth Management LLC reduced its holdings by 7.6% during the first quarter, now owning 73,818 shares worth $7.77 million. Other institutional buyers included Ameriprise Financial Inc. and Point72 Asset Management, which significantly increased their positions in the fourth quarter.

Insider transactions also drew attention, with Director Jacques Frederic Kerrest and CFO Brett Tighe selling a combined 88,594 shares valued at $8.38 million over the past quarter. Kerrest’s sale marked a 17.02% reduction in his ownership, while Tighe’s transaction reflected a 7.03% decrease. Despite these exits, institutional investors collectively hold 86.64% of the company’s shares, underscoring ongoing confidence in Okta’s long-term prospects.

Analyst sentiment showed recent upgrades, with Goldman Sachs and JPMorgan Chase raising price targets to $137 and $140, respectively, while maintaining “buy” ratings. However, the stock remains rated “Hold” by MarketBeat, with an average target price of $118.61. Okta’s recent earnings beat estimates, reporting $0.86 EPS on $688 million in revenue, but its elevated price-to-earnings ratio of 145.32 suggests valuation concerns persist.

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