Okta (NASDAQ:OKTA – Get Free Report) had its target price increased by Oppenheimer from $110.00 to $125.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 31.97% from the stock’s previous close.
Several other equities analysts also recently issued reports on OKTA. Berenberg Bank cut their price target on shares of Okta from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, March 5th. DA Davidson reiterated a “buy” rating and set a $110.00 target price on shares of Okta in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on shares of Okta from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays increased their price target on shares of Okta from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, TD Cowen decreased their price target on shares of Okta from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.59.
Read Our Latest Stock Analysis on OKTA
Okta Stock Up 5.8%
Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.05% and a return on equity of 4.18%. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. During the same period last year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, research analysts expect that Okta will post 1.61 earnings per share for the current year.
Insider Buying and Selling at Okta
In other news, CRO Jonathan James Addison sold 23,304 shares of Okta stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the completion of the sale, the executive owned 4,364 shares in the company, valued at $339,475.56. The trade was a 84.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shellye L. Archambeau sold 2,500 shares of Okta stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $781,320. This represents a 21.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,884 shares of company stock valued at $5,625,648 over the last three months. Insiders own 4.61% of the company’s stock.
Institutional Investors Weigh In On Okta
Institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC grew its position in shares of 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 buying an additional 264 shares during the period. SHP Wealth Management acquired a new stake in shares of Okta during the 4th quarter worth approximately $27,000. Torren Management LLC acquired a new stake in shares of Okta during the 4th quarter worth approximately $32,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Okta during the 3rd quarter worth approximately $34,000. Finally, Westside Investment Management Inc. grew its position in shares of Okta by 86.9% during the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock worth $38,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.
Okta News Roundup
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Okta reported fiscal Q1 2027 results that beat estimates on both earnings and revenue, with EPS of $0.91 versus $0.85 expected and revenue of $765 million versus $751.8 million expected. The company also highlighted stronger operating performance and 11.2% year-over-year revenue growth. Okta earnings report
- Positive Sentiment: Management issued guidance above consensus, including Q2 EPS guidance of $0.95 to $0.97 and FY 2027 EPS guidance of $3.79 to $3.87, signaling confidence in continued execution and margin improvement. Okta press release
- Positive Sentiment: Analysts turned more constructive after the report, with JPMorgan raising its price target to $114, Citi lifting its target to $105, Robert W. Baird raising its target to $140, and William Blair reiterating a Buy rating on improving enterprise momentum and AI-driven growth potential. Citi target lift article
- Positive Sentiment: Investors are also focused on Okta’s AI-agent identity management opportunity, which management said is creating additional demand for its security tools and could expand the company’s long-term growth runway. CNBC earnings article
- Neutral Sentiment: Some commentary pointed to valuation as a reason for caution, with Citi keeping a Hold rating despite better execution, suggesting the stock may need continued fundamental progress to justify further upside. Citi hold/target article
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.
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