Okta (NASDAQ:OKTA) Price Target Lowered to $120.00 at Berenberg Bank

Okta (NASDAQ:OKTA) had its target price lowered by research analysts at Berenberg Bank from $145.00 to $120.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 66.81% from the company’s current price.

OKTA has been the subject of a number of other research reports. Guggenheim reaffirmed a “buy” rating and issued a $138.00 price target on shares of Okta in a research note on Wednesday, December 3rd. BMO Capital Markets dropped their target price on shares of Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Barclays reduced their price target on shares of Okta from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. UBS Group reaffirmed a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Finally, Morgan Stanley lowered their target price on Okta from $110.00 to $101.00 and set an “overweight” rating for the company in a research note on Thursday. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.29.

Okta Stock Up 0.3%

Shares of NASDAQ OKTA opened at $71.94 on Thursday. The firm’s fifty day moving average is $85.40 and its 200 day moving average is $87.51. Okta has a 52 week low of $68.77 and a 52 week high of $127.57. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 66.00, a PEG ratio of 2.81 and a beta of 0.79.

Okta (NASDAQ:OKTA) last released 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 net margin of 6.87% and a return on equity of 3.77%. The firm had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $749.87 million. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts anticipate that Okta will post 0.42 earnings per share for the current year.

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

Insider Activity

In other news, insider Larissa Schwartz sold 1,899 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total transaction of $172,315.26. Following the transaction, the insider directly owned 38,164 shares of the company’s stock, valued at $3,463,001.36. This represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd Mckinnon sold 11,286 shares of Okta stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $90.96, for a total value of $1,026,574.56. The SEC filing for this sale provides additional information. Insiders have sold 37,245 shares of company stock valued at $3,385,624 in the last quarter. Insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Okta by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,238 shares of the company’s stock worth $224,000 after purchasing an additional 113 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Okta by 30.8% in the fourth quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after acquiring an additional 119 shares during the period. Allworth Financial LP lifted its holdings in Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company’s stock valued at $206,000 after acquiring an additional 135 shares during the period. Choreo LLC boosted its position in Okta by 2.0% in the third quarter. Choreo LLC now owns 7,239 shares of the company’s stock worth $664,000 after purchasing an additional 140 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in shares of Okta by 0.6% during the 4th quarter. Utah Retirement Systems now owns 28,605 shares of the company’s stock valued at $2,473,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results beat expectations — Okta reported $0.90 EPS and $761M revenue, topping consensus and showing improved profitability, which supports upside if execution continues. Okta beats fourth-quarter estimates, but issues weak guidance
• Positive Sentiment: Management highlighted AI agents and identity-as-core-for-AI as a multi-year growth catalyst, which analysts cite as a durable revenue driver. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Several firms reaffirmed Buy/Overweight ratings (William Blair, Morgan Stanley, BTIG, Baird remain constructive), leaving institutional support in place despite cuts to targets. Okta: Leveraging Identity as Core AI Security Infrastructure
• Neutral Sentiment: Guidance was mixed — management set FY27 EPS well above consensus but gave Q1 revenue guidance slightly below Street expectations, signaling near‑term growth moderation even as profitability targets look strong. Okta Expects Revenue Growth to Slow in New Fiscal Year
• Negative Sentiment: Multiple brokers cut price targets (KeyCorp, Needham, Morgan Stanley, Stifel lowered targets) — even with buy/overweight ratings, the downgrades reduce near‑term upside expectations and can pressure the stock. Analyst Price Target Cuts
• Negative Sentiment: Company warned of the slowest revenue growth since its IPO amid macro uncertainty; investors punished the stock on the muted near‑term revenue outlook despite the beat. Okta forecasts slowest revenue growth since IPO

About Okta

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.