Okta (NASDAQ:OKTA) Price Target Lowered to $110.00 at Oppenheimer

Okta (NASDAQ:OKTA) had its price target cut by Oppenheimer from $120.00 to $110.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also weighed in on OKTA. Cantor Fitzgerald reduced their price objective on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. KeyCorp dropped their target price on shares of Okta from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus reduced their price target on shares of Okta from $121.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday. Guggenheim reaffirmed a “buy” rating and set a $138.00 price target on shares of Okta in a report on Wednesday, December 3rd. Finally, Zacks Research raised shares of Okta from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.97.

Okta Trading Up 11.0%

NASDAQ OKTA opened at $79.65 on Thursday. The firm’s 50 day simple moving average is $85.22 and its 200 day simple moving average is $87.46. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 60.80, a P/E/G ratio of 2.78 and a beta of 0.79. Okta has a 1 year low of $68.77 and a 1 year high of $127.57.

Okta (NASDAQ:OKTA) last released its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. The firm had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $749.87 million. Okta had a return on equity of 4.22% and a net margin of 8.05%.The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, equities research analysts forecast that Okta will post 0.42 earnings per share for the current year.

Okta announced that its board has approved a stock repurchase program on Monday, January 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Okta

In other Okta news, insider Larissa Schwartz sold 1,836 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the transaction, the insider directly owned 36,328 shares in the company, valued at approximately $3,032,298.16. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd Mckinnon sold 11,286 shares of Okta stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total transaction of $1,026,574.56. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 35,927 shares of company stock valued at $3,272,658. 5.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Okta in the first quarter valued at about $225,000. NewEdge Advisors LLC lifted its stake in shares of Okta by 853.4% in the first quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after acquiring an additional 4,950 shares during the period. Sivia Capital Partners LLC bought a new stake in Okta in the second quarter valued at approximately $244,000. Hantz Financial Services Inc. boosted its holdings in Okta by 572.5% in the second quarter. Hantz Financial Services Inc. now owns 538 shares of the company’s stock valued at $54,000 after acquiring an additional 458 shares during the last quarter. Finally, Assetmark Inc. increased its position in Okta by 5,770.0% during the 2nd quarter. Assetmark Inc. now owns 587 shares of the company’s stock valued at $59,000 after purchasing an additional 577 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat and operational improvement — Okta reported revenue of $761M and non‑GAAP EPS of $0.90, topping estimates, with cRPO and subscription growth improving and margins expanding; this clear upside is the main catalyst for the rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI agent narrative gaining traction — management emphasized “Okta for AI Agents” products; investors are rewarding the company for positioning identity as a core control point for autonomous AI, which could open a new TAM if adoption follows. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Analyst support and bullish notes — several firms (Jefferies, DA Davidson, Morgan Stanley, UBS excerpts) highlighted upside potential and maintained or raised ratings/targets for Okta after the print, helping drive buying interest. Okta shares rally on strong earnings as Jefferies analysts see room for revenue upside
• Neutral Sentiment: Sector tailwind — cloud and cybersecurity ETFs traded higher alongside Okta, amplifying the move; this is a market‑wide boost rather than company‑specific validation. Cloud stocks jump, head for best day in nearly a year despite broad market declines
• Negative Sentiment: Soft near‑term guidance — Okta guided Q1 revenue below Street estimates ( ~$749M–$753M ), flagging the slowest revenue growth since IPO and tempering enthusiasm about re‑acceleration. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Analyst price‑target cuts and mixed forward view — while many firms kept buy/overweight ratings, dozens trimmed targets and flagged decelerating retention and large‑ACV additions as risks, limiting upside conviction. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.