OKTA

Okta, Inc.

Technology · $32.4B market cap

Verdict

Share price

$211.49

close of Oct 3, 2026

Fair value

$100.01

Sticker Price

Payback Price

$40.00

buy price

Overpriced

OKTA is Overpriced: at $211.49 it trades 111% above its fair value of $100.01. Its buy price (Payback Price) is $40.00, 81% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Sales-Based (P/S). Its earnings are small compared with its price, so no reasonable earnings multiple can value it. We value it on its sales instead, at the price-to-sales ratio it has typically traded at.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth48.8% a year✓
Sales growth39.8% a year✓
Free cash flow growth56.1% a year✓
Return on invested capital-1.9%✗

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Superinvestors

1 of the investors we track holds OKTA. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Moves in Q2 2026

Trimmed: Dennis Hong

Sold out: Howard Marks

Insider activity

Since Jun 15, 2026: no open-market purchases, 22 sales worth $23.7M and 61 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

Kerrest Jacques Frederic

director · 2026-09-09

G-Gift

6,000 shares

Kerrest Jacques Frederic

director · 2026-09-04

C-Conversion

6,000 shares

Tighe Brett

Chief Financial Officer · 2026-09-02

C-Conversion

41,251 shares

Schellhase David

director · 2026-08-13

Option exercise

1,942 shares

Bates Anthony John

director · 2026-06-21

Option exercise

2,033 shares

Show all 61 other filings

Bates Anthony John

director · 2026-06-18

Award

2,080 shares

Choi Emilie

director · 2026-06-18

Award

2,080 shares

Kerrest Jacques Frederic

director · 2026-06-18

G-Gift

6,800 shares

Kerrest Jacques Frederic

director · 2026-06-18

Award

2,080 shares

BERNSHTEYN ROBERT

director · 2026-06-18

Award

2,080 shares

SAGAN PAUL

director · 2026-06-18

Award

2,080 shares

Schellhase David

director · 2026-06-18

Award

2,080 shares

Kerrest Jacques Frederic

director · 2026-06-17

Option exercise

2,487 shares

ARCHAMBEAU SHELLYE L

director · 2026-06-17

Option exercise

2,487 shares

ARCHAMBEAU SHELLYE L

director · 2026-06-17

Award

2,487 shares

Bates Anthony John

director · 2026-06-17

Option exercise

2,487 shares

Choi Emilie

director · 2026-06-17

Option exercise

2,487 shares

Dixon Robert L JR

director · 2026-06-17

Option exercise

2,487 shares

Epstein Jeff

director · 2026-06-17

Option exercise

2,487 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-16

G-Gift

2,492 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Tax withholding

1,929 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Tax withholding

770 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Option exercise

1,452 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Option exercise

3,591 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Tax withholding

1,568 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Tax withholding

2,350 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Option exercise

3,080 shares

Addison Jonathan James

Chief Revenue Officer · 2026-06-15

Option exercise

4,618 shares

Kelleher Eric Robert

See Remarks · 2026-06-15

Tax withholding

2,464 shares

Kelleher Eric Robert

See Remarks · 2026-06-15

Option exercise

4,842 shares

Kelleher Eric Robert

See Remarks · 2026-06-15

Tax withholding

2,687 shares

Kelleher Eric Robert

See Remarks · 2026-06-15

Tax withholding

3,134 shares

Kelleher Eric Robert

See Remarks · 2026-06-15

Option exercise

5,280 shares

Kelleher Eric Robert

See Remarks · 2026-06-15

Option exercise

6,158 shares

Kerrest Jacques Frederic

director · 2026-06-15

C-Conversion

6,300 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Tax withholding

1,118 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Tax withholding

247 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Option exercise

484 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Tax withholding

426 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Option exercise

836 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Option exercise

2,196 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Tax withholding

575 shares

Ninan Shibu

Chief Accounting Officer · 2026-06-15

Option exercise

1,129 shares

McKinnon Todd

Chief Executive Officer · 2026-06-15

Tax withholding

2,562 shares

McKinnon Todd

Chief Executive Officer · 2026-06-15

Option exercise

5,035 shares

McKinnon Todd

Chief Executive Officer · 2026-06-15

Tax withholding

3,762 shares

McKinnon Todd

Chief Executive Officer · 2026-06-15

Option exercise

7,392 shares

McKinnon Todd

Chief Executive Officer · 2026-06-15

Tax withholding

4,387 shares

McKinnon Todd

Chief Executive Officer · 2026-06-15

Option exercise

8,621 shares

Schwartz Larissa

See Remarks · 2026-06-15

Tax withholding

986 shares

Schwartz Larissa

See Remarks · 2026-06-15

Option exercise

1,937 shares

Schwartz Larissa

See Remarks · 2026-06-15

Tax withholding

1,568 shares

Schwartz Larissa

See Remarks · 2026-06-15

Option exercise

3,080 shares

Schwartz Larissa

See Remarks · 2026-06-15

Tax withholding

1,828 shares

Schwartz Larissa

See Remarks · 2026-06-15

Option exercise

3,592 shares

Tighe Brett

Chief Financial Officer · 2026-06-15

Tax withholding

1,525 shares

Tighe Brett

Chief Financial Officer · 2026-06-15

Option exercise

3,874 shares

Tighe Brett

Chief Financial Officer · 2026-06-15

Tax withholding

1,386 shares

Tighe Brett

Chief Financial Officer · 2026-06-15

Option exercise

3,520 shares

Tighe Brett

Chief Financial Officer · 2026-06-15

Tax withholding

1,818 shares

Tighe Brett

Chief Financial Officer · 2026-06-15

Option exercise

4,618 shares

About Okta, Inc.

Okta, Inc. delivers comprehensive identity management solutions tailored for a diverse clientele, including large corporations, small and medium-sized businesses, educational institutions, charitable organizations, and governmental bodies, operating both within the United States and globally. The company's flagship offering is the Okta Identity Cloud, a robust platform featuring a suite of integrated products and…

Software - Infrastructure

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works