Okta (NASDAQ:OKTA) Price Target Raised to $235.00

Okta (NASDAQ:OKTA) had its price objective raised by DA Davidson from $190.00 to $235.00 in a research note released on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Citizens Jmp boosted their price objective on shares of Okta from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 27th. Stifel Nicolaus raised their target price on shares of Okta from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group raised their target price on shares of Okta from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. BTIG Research lifted their price target on shares of Okta from $187.00 to $219.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Finally, The Goldman Sachs Group increased their price objective on Okta from $126.00 to $203.00 and gave the company a “buy” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.41.

Okta Price Performance

Shares of NASDAQ OKTA opened at $195.19 on Thursday. Okta has a 1-year low of $62.66 and a 1-year high of $212.50. The business has a fifty day moving average price of $158.62 and a 200 day moving average price of $119.79. The stock has a market capitalization of $34.12 billion, a P/E ratio of 117.59, a price-to-earnings-growth ratio of 6.07 and a beta of 0.79.

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

Insider Activity

In other Okta news, CEO Todd McKinnon sold 48,822 shares of Okta stock in a transaction dated Tuesday, September 22nd. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the completion of the transaction, the insider directly owned 18,668 shares in the company, valued at $3,427,071.44. This represents a 25.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 206,702 shares of company stock valued at $34,034,508 over the last ninety days. 4.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Okta

A number of institutional investors and hedge funds have recently modified their holdings of the company. Washington Trust Advisors Inc. increased its holdings in Okta by 64.2% in 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 during the period. CX Institutional raised its position in Okta by 5.1% during the 2nd quarter. CX Institutional now owns 2,633 shares of the company’s stock worth $359,000 after buying an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Okta by 10.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock valued at $105,000 after acquiring an additional 129 shares during the period. SteelPeak Wealth LLC lifted its stake in Okta by 2.8% during the 1st quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company’s stock valued at $407,000 after acquiring an additional 140 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Okta by 1.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,241 shares of the company’s stock valued at $1,261,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI-agent opportunity strengthens the growth story. Okta unveiled Agent SSO, runtime enforcement, an AI-agent gateway, lifecycle-management tools and an “AI kill switch.” The products are designed to secure and govern enterprise AI agents, potentially expanding Okta’s market beyond traditional identity software. BofA raises Okta price target on AI-agent positioning
• Positive Sentiment: Analyst support remains strong. BofA raised its price target to $220, while RBC, Wells Fargo, DA Davidson, Guggenheim and BMO also issued higher targets, generally citing Okta’s positioning in AI identity and the possibility of renewed growth. Analysts issue bullish signals on Okta
• Neutral Sentiment: Recent earnings were solid but not a new catalyst. Okta’s latest quarterly earnings and revenue exceeded consensus estimates, with revenue up 10.6% year over year. However, the conference did not include a major financial update, leaving investors without clear evidence of when AI-agent products will materially accelerate results.
• Negative Sentiment: Sell-the-news and valuation concerns are pressuring the stock. Okta’s shares had climbed sharply and were near recent highs, making them vulnerable to profit-taking. Mizuho retained a Neutral view pending proof that growth can sustainably reaccelerate, while Jefferies identified customer confusion as an adoption hurdle. The elevated valuation also leaves limited room for execution disappointments. Mizuho remains neutral on Okta
• Negative Sentiment: Insider selling adds a modest overhang. CEO Todd McKinnon sold 48,822 shares worth approximately $9.45 million, reducing his direct holdings by about 53%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its significance but may still weigh on sentiment. 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.