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Okta, Inc. (NASDAQ:OKTA), a cybersecurity company with impressive gross profit margins of ~77% and strong six-month returns of over 18%, reported that Director Jacques Frederic Kerrest sold a total of 581 Okta Class A Common Stock shares on June 20, 2025, for approximately $58,270. The sales occurred in multiple transactions with prices ranging from $99.7341 to $101.025 per share.
According to a Form 4 filing with the Securities and Exchange Commission, Kerrest’s transactions also included the exercise of options to acquire 2,832 shares of Class A Common Stock at a price of $0. In addition, Kerrest was granted 2,487 Restricted Stock Units.
In other recent news, Okta, Inc. reported its quarterly results, showing a 14% growth in calculated remaining performance obligations (cRPO), which exceeded the company’s guidance of 12%. Despite this positive outcome, the company maintained its full-year guidance, reflecting caution due to uncertain macroeconomic conditions. Analysts from Bernstein SocGen Group reiterated their Outperform rating for Okta, emphasizing strong demand signals and consistent performance metrics, although they noted concerns over the absence of a full-year guidance raise. RBC Capital Markets also maintained an Outperform rating but adjusted their price target to $135, citing macro uncertainties and a misinterpretation of second-quarter guidance by the market. BMO Capital Markets lowered Okta’s price target to $132, maintaining a Market Perform rating, and highlighted the company’s solid results but noted a lack of anticipated upside in Calculated Billings.
Piper Sandler kept a Neutral rating with a $110 price target, acknowledging the company’s modest revenue beat and the positive changes in its go-to-market strategy. Okta also announced the development of Cross App Access, a protocol aimed at enhancing security for AI agents across enterprise systems, which will be available for select customers in the third quarter of 2025. This initiative seeks to address security challenges by providing centralized control over AI interactions with applications. The company’s recent developments reflect a balance of steady progress and cautious optimism, with analysts closely monitoring how Okta navigates the broader economic environment.
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