We recently compiled a list of the 10 Stocks With At Least $20 Million In Insider Sales Recently. In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against the other stocks. We previously covered 10 stocks with at least $10 million in insider sales recently.

The turbulent week for the U.S. stock market continues, fueled by the Trump administration’s shifting decisions on the start date for new tariffs. On Thursday, President Donald Trump signed executive actions that delay tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty for nearly one month.

“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the United States-Mexico-Canada Agreement (USMCA),” Trump wrote on Truth Social Thursday.

Mexican President Claudia Sheinbaum said that “virtually all” of Mexico’s trade with the U.S. falls under the USMCA, writes CNN Business.

So what happened with some of the major U.S. indexes? Blue-chip companies declined by 428 points or 0.99%, the broader market index lost 1.78%, while the NASDAQ entered correction, down 10.4% from its record high on December 16.

Many analysts have recently revised their U.S. stock market predictions, suggesting that achieving strong earnings in 2025 may prove more difficult. Despite this, the broader market index is still expected to finish 2024 approximately 9% higher, although this is a decrease from the initial forecast of 12.2% made in January. Key drivers for this year include increased productivity from AI adoption and expectations of lower interest rates.

Amid market fluctuations and uncertainty, insider trading often garners considerable attention. Executives and insiders, with deep insights into their companies' strategies and outlooks, may make trades worth examining. For example, when a CEO or CFO invests their own money in company stock, it can be a strong signal of confidence in the company’s future prospects.

On the other hand, selling shares may suggest a lack of confidence from management, though this is not always the case. In some situations, large shareholders might be rebalancing their portfolios to better match their risk/reward preferences or selling for personal financial reasons. Additionally, many insiders sell shares as part of pre-arranged, automated trading plans, known as 10b5-1 plans.

Both insider buying and selling can be influenced by a range of factors, so these actions should be viewed in the context of the company’s financial health, industry trends, and overall market conditions. This underscores the importance of conducting thorough research before making investment decisions. While insider trading activity can provide valuable insights into a company’s future, it should be considered alongside other key factors to make well-informed investment choices.

Today, we’re focusing on stocks that have seen insider sales of at least $20 million since the start of the year. Using Insider Monkey’s insider trading screener, we identified stocks where at least one insider sale reached $20 million or more. While the total value of insider sales for these stocks may be higher, we focused on sales worth $20 million or more. Out of the stocks that met this criterion, we selected the 10 stocks with insider sales ranging from $20 million to $30 million, prioritizing those with the highest insider sales within this range for further analysis.

Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

For each stock, we provide details on the highest individual sale, the number of insider sales exceeding $20 million year-to-date, and the company’s current market capitalization. Let’s take a look at 10 stocks with at least $20 million in insider sales since the beginning of the year.

An engineer conducting tests in a laboratory, looking closely at the latest nuclear fuel technology.

Okta, Inc. (NASDAQ:OKTA)

Highest Individual Sale: $28,317,440.53

Number of Sales Above $20 million: 1

Market Capitalization: $19.308 billion

Okta, Inc. (NASDAQ: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, Inc. (NASDAQ: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, Inc. (NASDAQ: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, Inc. (NASDAQ:OKTA) stock, with a price target of $115.72. The average price target suggests a 4.05% upside from the current price.

Overall OKTA ranks 6th among the 10 stocks with at least $20 million in insider sales recently. While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKTA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

 

Disclosure: None. This article is originally published at Insider Monkey.