Okta's Kelleher Sells 12546 Shares at $91.66/Share on July 15.

Okta, Inc.[OKTA] has announced that Eric Robert Kelleher, a member of the company's board of directors, has engaged in a transaction involving the sale of 12546 shares at a price of $91.66 per share on July 15, 2025, and the sale of an additional 3472 shares at a price of $92.33 per share on the same date.

Okta, Inc. (OKTA) has seen significant insider trading activity in recent months, with key executives and board members selling a substantial number of shares. On July 15, 2025, Eric Robert Kelleher, a member of the company's board of directors, sold 12,546 shares at a price of $91.66 per share and an additional 3,472 shares at a price of $92.33 per share [1]. This sale comes amidst a broader trend of insider selling, with no purchases reported in the past six months [1].

Okta insiders have traded their stock 73 times in the last six months, with all trades being sales. Jonathan James Addison, the Chief Revenue Officer, sold 3,164 shares on July 14, 2025, for an estimated $291,748 [1]. This sale represents approximately 14.2% of his shares, leaving him with 19,067 shares [1].

The insider selling activity is accompanied by a strong institutional support. In the most recent quarter, 417 institutional investors added shares to their portfolios, while 308 decreased their positions [1]. Notably, FMR LLC increased its holdings by 3,949,743 shares in Q1 2025, and Massachusetts Financial Services added 2,830,582 shares to its portfolio during the same period [1].

Despite the insider selling, analysts remain bullish on Okta. In the last several months, 18 firms have issued buy ratings on the stock, with no firms issuing sell ratings [1]. The median price target for Okta is $130.0, with analysts setting targets ranging from $83.0 to $140.0 [1].

Members of Congress have also shown interest in Okta stock, trading it six times in the past six months. Representative Robert Bresnahan made four purchases and one sale, while Senator Ashley Moody sold shares [1].

Okta's stock has seen a mixed performance in recent months, with analysts attributing the insider selling to various factors, including potential future earnings and strategic decisions. However, the strong institutional support and bullish analyst ratings suggest that the company's fundamentals remain attractive to investors.

References:
[1] https://www.nasdaq.com/articles/insider-sale-chief-revenue-officer-okta-sells-3164-shares