Okta (NASDAQ:OKTA) Price Target Cut to $95.00 by Analysts at Stephens

Okta (NASDAQ:OKTA) had its target price trimmed by Stephens from $120.00 to $95.00 in a research report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on OKTA. Scotiabank decreased their target price on shares of Okta from $105.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 3rd. UBS Group reaffirmed a “buy” rating on shares of Okta in a research report on Thursday, December 4th. Wall Street Zen upgraded Okta from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Morgan Stanley lowered their price objective on Okta from $110.00 to $101.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Truist Financial reduced their target price on Okta from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.97.

Okta Price Performance

Shares of OKTA stock opened at $79.65 on Thursday. The stock’s 50-day moving average is $85.22 and its 200 day moving average is $87.46. Okta has a 1-year low of $68.77 and a 1-year high of $127.57. The company has a market cap of $14.12 billion, a P/E ratio of 60.80, a PEG ratio of 2.78 and a beta of 0.79.

Okta (NASDAQ:OKTA) last announced its earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $761.00 million during the quarter, compared to the consensus estimate of $749.87 million. Okta had a net margin of 8.05% and a return on equity of 4.22%. During the same period in the previous year, the company posted $0.78 earnings per share. 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, analysts anticipate that Okta will post 0.42 EPS for the current year.

Okta announced that its Board of Directors has approved a share buyback program on Monday, January 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Okta

In other news, insider Larissa Schwartz sold 1,899 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total value of $172,315.26. Following the completion of the transaction, the insider directly owned 38,164 shares in the company, valued at $3,463,001.36. This trade 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, insider Eric Robert Kelleher sold 8,370 shares of Okta stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $90.19, for a total value of $754,890.30. Following the sale, the insider directly owned 11,266 shares of the company’s stock, valued at $1,016,080.54. This trade represents a 42.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,927 shares of company stock valued at $3,272,658 over the last three months. Company insiders own 5.68% of the company’s stock.

Institutional Trading of Okta

Several large investors have recently made changes to their positions in OKTA. Root Financial Partners LLC purchased a new position in shares of Okta during the third quarter worth $26,000. Elevation Wealth Partners LLC grew its position in Okta by 825.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the period. Promus Capital LLC purchased a new position in shares of Okta during the 2nd quarter valued at about $27,000. SHP Wealth Management purchased a new position in shares of Okta during the 4th quarter valued at about $27,000. Finally, Torren Management LLC acquired a new position in shares of Okta in the 4th quarter valued at about $32,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 beat and operational improvement — Okta reported revenue of $761M and non‑GAAP EPS of $0.90, topping estimates, with cRPO and subscription growth improving and margins expanding; this clear upside is the main catalyst for the rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI agent narrative gaining traction — management emphasized “Okta for AI Agents” products; investors are rewarding the company for positioning identity as a core control point for autonomous AI, which could open a new TAM if adoption follows. Okta Sees AI Agents Fueling Next Growth Wave
• Positive Sentiment: Analyst support and bullish notes — several firms (Jefferies, DA Davidson, Morgan Stanley, UBS excerpts) highlighted upside potential and maintained or raised ratings/targets for Okta after the print, helping drive buying interest. Okta shares rally on strong earnings as Jefferies analysts see room for revenue upside
• Neutral Sentiment: Sector tailwind — cloud and cybersecurity ETFs traded higher alongside Okta, amplifying the move; this is a market‑wide boost rather than company‑specific validation. Cloud stocks jump, head for best day in nearly a year despite broad market declines
• Negative Sentiment: Soft near‑term guidance — Okta guided Q1 revenue below Street estimates ( ~$749M–$753M ), flagging the slowest revenue growth since IPO and tempering enthusiasm about re‑acceleration. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
• Negative Sentiment: Analyst price‑target cuts and mixed forward view — while many firms kept buy/overweight ratings, dozens trimmed targets and flagged decelerating retention and large‑ACV additions as risks, limiting upside conviction. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’

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.