Okta (NASDAQ:OKTA) Shares Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Okta, Inc. (NASDAQ:OKTA). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Okta stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Okta Price Performance

OKTA stock opened at $119.45 on Monday. The business has a 50 day moving average price of $106.73 and a 200 day moving average price of $92.34. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.06. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of -341.29, a PEG ratio of 6.42 and a beta of 0.96. Okta, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $121.93.

Analyst Ratings Changes

Several brokerages have recently weighed in on OKTA. Cantor Fitzgerald initiated coverage on shares of Okta in a research report on Monday, March 31st. They set an “overweight” rating and a $130.00 price objective for the company. Jefferies Financial Group boosted their price target on shares of Okta from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $115.00 price objective on shares of Okta in a research note on Tuesday, March 4th. Oppenheimer raised their price objective on Okta from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Finally, Robert W. Baird boosted their target price on Okta from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Okta currently has a consensus rating of “Moderate Buy” and an average target price of $116.80.

Institutional Investors Weigh In On Okta

A number of hedge funds and other institutional investors have recently bought and sold shares of OKTA. Bank of Jackson Hole Trust purchased a new position in shares of Okta in the 4th quarter valued at about $25,000. Wolff Wiese Magana LLC grew its position in Okta by 167.4% during the first quarter. Wolff Wiese Magana LLC now owns 246 shares of the company’s stock worth $26,000 after buying an additional 154 shares during the period. Wayfinding Financial LLC purchased a new position in Okta in the first quarter valued at about $27,000. Harbour Investments Inc. lifted its position in shares of Okta by 152.4% during the 1st quarter. Harbour Investments Inc. now owns 260 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of Okta during the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Insider Transactions at Okta

In other Okta news, insider Eric Robert Kelleher sold 5,895 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $113.75, for a total transaction of $670,556.25. Following the sale, the insider now directly owns 9,828 shares in the company, valued at approximately $1,117,935. The trade was a 37.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Larissa Schwartz sold 2,740 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $97.59, for a total value of $267,396.60. Following the completion of the sale, the insider now directly owns 22,125 shares in the company, valued at $2,159,178.75. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,192 shares of company stock valued at $16,614,756 in the last quarter. 7.00% of the stock is currently owned by corporate insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Okta

Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.