Okta (NASDAQ:OKTA) Price Target Raised to $190.00

Okta (NASDAQ:OKTA) had its price objective increased by Scotiabank from $165.00 to $190.00 in a report published on Tuesday,Benzinga reports. The firm currently has a sector outperform rating on the stock.

Several other equities analysts have also commented on the stock. The Goldman Sachs Group increased their price objective on shares of Okta from $126.00 to $203.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Oppenheimer boosted their target price on shares of Okta from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Capital One Financial set a $171.00 target price on shares of Okta and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company lifted their price target on Okta from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Okta from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.69.

Okta Trading Up 0.6%

Shares of OKTA opened at $206.64 on Tuesday. The business’s 50 day moving average is $157.70 and its 200 day moving average is $119.26. The company has a market capitalization of $36.12 billion, a PE ratio of 124.48, a price-to-earnings-growth ratio of 6.12 and a beta of 0.79. Okta has a 12-month low of $62.66 and a 12-month high of $212.50.

Okta (NASDAQ:OKTA) last issued its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm had revenue of $805.00 million during the quarter, compared to analyst estimates of $793.00 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. Okta’s revenue for the quarter was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Equities research analysts predict that Okta will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Okta

In other news, CEO Todd McKinnon sold 48,822 shares of Okta stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the completion of the sale, the chief executive officer owned 44,029 shares of the company’s stock, valued at approximately $8,518,730.92. The trade was a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the sale, the insider directly owned 18,668 shares of the company’s stock, valued at $3,427,071.44. This represents a 25.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 206,702 shares of company stock valued at $34,034,508 in the last three months. Company insiders own 4.61% of the company’s stock.

Institutional Investors Weigh In On Okta

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Washington Trust Advisors Inc. grew its position in shares of Okta by 64.2% during the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after buying an additional 77 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Okta by 279.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 218 shares in the last quarter. SHP Wealth Management bought a new stake in shares of Okta in the fourth quarter valued at about $27,000. Assetmark Inc. lifted its stake in Okta by 81.1% in the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock worth $57,000 after acquiring an additional 322 shares during the period. Finally, SJS Investment Consulting Inc. lifted its stake in Okta by 1,265.5% in the first quarter. SJS Investment Consulting Inc. now owns 751 shares of the company’s stock worth $59,000 after acquiring an additional 696 shares during the period. 86.64% of the stock is owned by institutional investors.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI-agent products are driving optimism. At Oktane 2026, Okta highlighted Agent SSO, runtime enforcement, an AI-agent runtime gateway, lifecycle-management tools and an “AI kill switch.” The offerings are intended to govern authentication, access and security for enterprise AI agents, potentially opening a new growth market beyond traditional per-seat identity software. BofA raises Okta price target on AI-agent positioning
• Positive Sentiment: Analysts broadly raised targets. Bank of America lifted its target to $220, while BTIG reaffirmed Buy at $219. Wells Fargo, RBC, DA Davidson and Guggenheim raised targets to $230, $230, $235 and $227, respectively. The revisions reflect expectations for stronger AI-identity adoption and a potential reacceleration in growth. D.A. Davidson raises Okta price target
• Neutral Sentiment: Short-interest data offers little directional signal. Reported short interest was zero shares, implying no measurable days-to-cover; investors should treat the figure cautiously because it does not establish improving fundamentals.
• Negative Sentiment: Valuation and execution risks remain. After a sharp multi-year rally, Okta trades at a premium earnings multiple, leaving the stock vulnerable if AI monetization or growth reacceleration disappoints. Mizuho remains Neutral pending proof that stronger growth can persist, while Jefferies cited customer confusion as an adoption hurdle.
• Negative Sentiment: Insider selling may weigh on sentiment. CEO Todd McKinnon sold 48,822 shares worth approximately $9.45 million, reducing his direct holdings by about 53%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it still represents a potential overhang. SEC filing for Todd McKinnon stock sale

About Okta

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.