Okta (NASDAQ:OKTA) Given New $90.00 Price Target at Needham & Company LLC

Okta (NASDAQ:OKTA) had its price target cut by analysts at Needham & Company LLC from $110.00 to $90.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 25.45% from the stock’s previous close.

OKTA has been the topic of a number of other research reports. Scotiabank lowered their target price on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Okta in a report on Thursday, January 22nd. Jefferies Financial Group dropped their price objective on Okta from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Monday. The Goldman Sachs Group cut their target price on Okta from $137.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, December 3rd. Finally, Citigroup reissued a “neutral” rating on shares of Okta in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.35.

Okta Stock Down 1.1%

Shares of OKTA opened at $71.74 on Thursday. The business has a 50-day simple moving average of $85.40 and a two-hundred day simple moving average of $87.51. Okta has a 52 week low of $68.77 and a 52 week high of $127.57. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 65.82, a PEG ratio of 2.81 and a beta of 0.79.

Okta (NASDAQ:OKTA) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Okta had a return on equity of 3.77% and a net margin of 6.87%.The company had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. 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 analysts anticipate that Okta will post 0.42 earnings per share for the current fiscal year.

Okta declared that its board has approved a stock buyback program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Okta news, insider Eric Robert Kelleher sold 2,409 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $84.40, for a total transaction of $203,319.60. Following the sale, the insider directly owned 11,266 shares in the company, valued at $950,850.40. This represents a 17.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Todd Mckinnon sold 11,286 shares of Okta stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total value of $1,026,574.56. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 37,245 shares of company stock valued at $3,385,624. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OKTA. Integrated Wealth Concepts LLC purchased a new stake in shares of Okta in the first quarter valued at $225,000. NewEdge Advisors LLC boosted its stake in shares of Okta by 853.4% during the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after purchasing an additional 4,950 shares during the period. Sivia Capital Partners LLC bought a new position in Okta during the 2nd quarter valued at about $244,000. Hantz Financial Services Inc. raised its position in Okta by 572.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 538 shares of the company’s stock worth $54,000 after purchasing an additional 458 shares during the period. Finally, Assetmark Inc. lifted its stake in Okta by 5,770.0% in the second quarter. Assetmark Inc. now owns 587 shares of the company’s stock worth $59,000 after purchasing an additional 577 shares during the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results topped consensus — EPS of $0.90 and revenue of $761M beat estimates; Okta reported improved profitability and a large total contract value that supports durable enterprise demand. Okta Announces Fourth Quarter And Fiscal Year 2026 Financial Results
• Positive Sentiment: Management is pushing an AI-agents growth narrative — Okta says agentic AI is creating new identity/security requirements (and opened visible use cases such as the PGA partnership), which supports upside over the medium term if adoption accelerates. Okta Sees AI Agents Fueling Next Growth Wave
• Neutral Sentiment: Analyst reactions remain mixed-to-positive — several brokers kept Buy/Outperform ratings (Morgan Stanley reiterated a Buy PT $101; Baird stayed constructive), while coverage and price targets vary widely, leaving consensus expectations dispersed. Okta: Attractive AI-Driven Identity Positioning Supports Buy Rating Despite Near-Term Growth Constraints
• Negative Sentiment: Q1 revenue guidance came in below Street expectations ($749M–$753M vs. ~$754.9M consensus), and company forecasts the slowest revenue growth since its IPO — that conservative near-term outlook is the main driver of investor concern. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Market reaction: despite the beat, shares dipped on a “muted” outlook and conservative FY27 revenue posture — investors are focused on the near-term revenue cadence rather than longer-term AI opportunities. Okta beats Q4 estimates but shares dip on muted outlook

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.