10 Stocks With At Least $20 Million In Insider Sales Recently

6. Okta, Inc. (NASDAQ:OKTA)

Highest Individual Sale: $28,317,440.53

Number of Sales Above $20 million: 1

Market Capitalization: $19.308 billion

Okta is an independent identity provider offering secure, cloud-based identity for businesses. The San Francisco-based company provides Okta’s suite of products and services, such as the Okta Identity Platform that can integrate with various applications, services and cloud environments. It is also considered one of the 10 high growth cybersecurity stocks to buy.

On January 23, one insider, a director at Okta, sold $28.32 million worth of the company’s shares at a price of $86.99 per share. Currently, the stock is trading at $111.22 per share, having gained 41.14% year-to-date. Over the past 12 months, Okta dropped 0.24%.

For the fiscal year of 2025, Okta reported revenue of $2.61 billion, up 14% from fiscal 2024. At the same time, subscription revenue grew 16% year-over-year reaching $2.56 billion. GAAP net income amounted to $28 million, which compares to a non-GAAP net loss of $355 million in the prior year. Net cash provided by operations was $750 million, or 29% of total revenue, compared to $512 million, or 23% of total revenue, for fiscal 2024. Free cash flow was $730 million, or 28% of total revenue, compared to $489 million, or 22% of total revenue, for fiscal 2024.

For its current full year, Okta provided revenue guidance of $2.85 billion to $2.86 billion versus analysts’ average estimate of $2.8 billion. Additionally, it expects its adjusted EPS to come in at $3.15 to $3.20, well above the mean outlook of $2.94.

The stock jumped 24.27% on the strong earnings.

Data from TipRanks reveals that 31 analysts have an average “Moderate Buy” rating on Okta stock, with a price target of $115.72. The average price target suggests a 4.05% upside from the current price.