Okta, Inc. (NASDAQ:OKTA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Posted by Geri Gentry on Jun 5th, 2026

Shares of Okta, Inc. (NASDAQ:OKTA – Get Free Report) have received an average rating of “Moderate Buy” from the forty-one ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, twenty-eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $112.2857.

Several research analysts have issued reports on OKTA shares. Canaccord Genuity Group upped their price target on Okta from $95.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 29th. Mizuho lowered Okta from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $125.00 in a research note on Tuesday. Stephens decreased their target price on Okta from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. BMO Capital Markets boosted their target price on Okta from $95.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, KeyCorp upped their target price on Okta from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Monday, May 18th.

Check Out Our Latest Stock Report on Okta

Insider Activity at Okta

In other news, insider Larissa Schwartz sold 24,971 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $134.13, for a total transaction of $3,349,360.23. Following the sale, the insider owned 23,477 shares in the company, valued at $3,148,970.01. The trade was a 51.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shellye L. Archambeau sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $85.00, for a total transaction of $212,500.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $781,320. This trade 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. In the last ninety days, insiders sold 95,855 shares of company stock valued at $8,975,008. Corporate insiders own 4.61% of the company’s stock.

Institutional Trading of Okta

Several large investors have recently added to or reduced their stakes in OKTA. Vanguard Group Inc. grew its stake in Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after acquiring an additional 1,074,977 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Okta by 52.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock worth $40,241,000 after purchasing an additional 161,069 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in shares of Okta by 40.1% during the third quarter. Elo Mutual Pension Insurance Co now owns 52,597 shares of the company’s stock worth $4,823,000 after purchasing an additional 15,058 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Okta during the fourth quarter valued at approximately $3,122,000. Finally, Congress Asset Management Co. grew its position in Okta by 23.0% during the fourth quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock valued at $8,480,000 after purchasing an additional 18,325 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

More Okta News

Here are the key news stories impacting Okta this week:

Positive Sentiment: CEO Todd McKinnon said fears that AI will disrupt SaaS are “overblown,” reinforcing the view that Okta can benefit from rising AI-related identity security demand. Management also highlighted momentum in core identity products, Auth0, identity governance, privileged access, and new AI agent identity offerings. SaaSpocalypse Is Overblown, Says Okta CEO
Positive Sentiment: Analyst coverage and commentary remained favorable after the recent earnings beat, with articles pointing to strong enterprise adoption, partner traction, and continued upside from Okta’s AI identity strategy. 5 Insightful Analyst Questions From Okta’s Q1 Earnings Call
Positive Sentiment: Recent market reaction to Okta’s Q1 results was strong, with the company beating revenue and EPS estimates and raising enthusiasm around AI-driven identity growth. Okta (OKTA) Stock Soars 30% on Earnings — AI Identity Boom Fuels Rally
Neutral Sentiment: Okta presented at the Evercore Global TMT Conference, which may have helped keep investor focus on the company’s execution and strategy, but the transcript itself did not introduce a clear new catalyst. Okta, Inc. (OKTA) Presents at 2026 Evercore Global TMT Conference Transcript
Negative Sentiment: One analyst note weighed on the stock after Mizuho downgraded Okta to Neutral from Outperform, citing valuation concerns after the sharp run-up in the share price. Why Okta (OKTA) Stock Is Down Today
Negative Sentiment: Insider Larissa Schwartz sold 24,971 shares in a Rule 10b5-1 transaction, trimming ownership by more than half. While pre-planned, insider selling can still create caution for investors. SEC Form 4 filing

Okta Trading Down 0.9%

Shares of NASDAQ OKTA opened at $123.48 on Friday. Okta has a twelve month low of $62.66 and a twelve month high of $142.35. The firm has a 50-day moving average of $84.03 and a two-hundred day moving average of $84.26. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 89.48, a PEG ratio of 4.85 and a beta of 0.80.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The company had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $751.84 million. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. 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 predict that Okta will post 1.62 earnings per share for the current year.

About Okta

(Get Free Report)

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.