Okta (NASDAQ:OKTA) Given New $100.00 Price Target at KeyCorp

Okta (NASDAQ:OKTA) had its price objective decreased by stock analysts at KeyCorp from $115.00 to $100.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 39.39% from the stock’s current price.

Other analysts have also issued reports about the company. Stephens upgraded Okta from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $97.00 to $120.00 in a report on Wednesday, January 14th. Royal Bank Of Canada upped their target price on Okta from $97.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. BMO Capital Markets cut their price target on Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Okta from $110.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, December 3rd. Finally, Needham & Company LLC dropped their price objective on Okta from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.35.

Okta Price Performance

NASDAQ OKTA opened at $71.74 on Thursday. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 65.82, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79. The company has a 50 day simple moving average of $85.40 and a 200-day simple moving average of $87.51. Okta has a 52-week low of $68.77 and a 52-week high of $127.57.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $749.87 million. During the same quarter in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. 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, analysts predict that Okta will post 0.42 EPS for the current year.

Okta announced that its Board of Directors has authorized a share buyback program on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CEO Todd Mckinnon sold 11,286 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total value of $1,026,574.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the transaction, the chief financial officer directly owned 134,385 shares of the company’s stock, valued at approximately $12,775,981.95. This represents a 6.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,245 shares of company stock valued at $3,385,624 in the last quarter. 5.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Okta

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Okta in the second quarter valued at approximately $211,923,000. First Trust Advisors LP raised its stake in Okta by 28.2% during the 4th quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock valued at $521,422,000 after purchasing an additional 1,326,051 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Okta by 113.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,067,128 shares of the company’s stock valued at $172,895,000 after purchasing an additional 1,099,962 shares during the period. Vanguard Group Inc. grew its position in Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after purchasing an additional 1,074,977 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Okta by 276.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,403,499 shares of the company’s stock worth $128,701,000 after purchasing an additional 1,031,083 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

More 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

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.