Needham & Company LLC Issues Positive Forecast for Okta (NASDAQ:OKTA) Stock Price

Posted by Brenda Bartman on Jun 24th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its price target lifted by equities researchers at Needham & Company LLC from $120.00 to $140.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 18.48% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group raised their price objective on Okta from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Okta from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. Raymond James Financial upgraded Okta from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Thursday, April 16th. Wolfe Research started coverage on shares of Okta in a research report on Thursday, April 16th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $134.00 target price on shares of Okta in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.71.

View Our Latest Report on OKTA

Okta Trading Up 1.9%

Shares of NASDAQ OKTA opened at $118.16 on Wednesday. The firm’s 50-day moving average price is $94.64 and its 200-day moving average price is $87.58. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 85.62, a P/E/G ratio of 4.20 and a beta of 0.80. Okta has a 12-month low of $62.66 and a 12-month high of $142.35.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. On average, equities analysts predict that Okta will post 1.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Okta news, Director David Schellhase bought 3,712 shares of Okta stock in a transaction on Thursday, April 16th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $267,412.48. Following the completion of the purchase, the director directly owned 3,712 shares in the company, valued at approximately $267,412.48. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $114.10, for a total transaction of $453,775.70. Following the sale, the insider directly owned 19,618 shares of the company’s stock, valued at $2,238,413.80. This represents a 16.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 111,611 shares of company stock worth $12,832,682 over the last ninety days. Corporate insiders own 4.61% of the company’s stock.

Hedge Funds Weigh In On Okta

A number of hedge funds have recently added to or reduced their stakes in OKTA. Pacer Advisors Inc. increased its position in shares of Okta by 19.1% during the first quarter. Pacer Advisors Inc. now owns 242,615 shares of the company’s stock worth $19,096,000 after acquiring an additional 38,908 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Okta by 20.3% in the first quarter. Parallel Advisors LLC now owns 5,611 shares of the company’s stock valued at $442,000 after purchasing an additional 945 shares during the period. Glenmede Trust Co. NA increased its holdings in Okta by 7.0% during the 1st quarter. Glenmede Trust Co. NA now owns 540,947 shares of the company’s stock worth $42,578,000 after purchasing an additional 35,324 shares during the period. Bank of America Corp DE lifted its holdings in shares of Okta by 0.4% in the 1st quarter. Bank of America Corp DE now owns 1,496,896 shares of the company’s stock worth $117,821,000 after buying an additional 6,533 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Okta by 133.4% in the first quarter. Arkadios Wealth Advisors now owns 12,295 shares of the company’s stock valued at $968,000 after acquiring an additional 7,028 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Okta stockholders approved amendments to the company’s 2017 equity plan and backed the governance slate at the June 18 annual meeting, which removes a potential overhang and suggests shareholder support. Okta Stockholders Approve Equity Plan Changes, Governance Slate
Positive Sentiment: Okta expanded its Cross App Access ecosystem to help secure AI agent connections, reinforcing its identity-security positioning as AI adoption grows. Okta expands Cross App Access ecosystem to secure AI agent connections
Positive Sentiment: Okta also announced an AI-security collaboration with Google Cloud, which could support enterprise demand and strengthen the company’s relevance in modern workplace security. Okta teams up with Google Cloud to secure the AI-powered workforce
Neutral Sentiment: Analyst coverage remains broadly constructive, with Wells Fargo reiterating a Hold rating and the Street still centered around a Moderate Buy consensus. Wells Fargo Sticks to Their Hold Rating for Okta (OKTA)
Neutral Sentiment: Okta has been showing up more on investor watchlists, which can increase trading interest but does not by itself change the company’s fundamentals. Here is What to Know Beyond Why Okta, Inc. (OKTA) is a Trending Stock
Negative Sentiment: Insider Eric Robert Kelleher sold 3,977 shares in a pre-arranged Rule 10b5-1 transaction. The sale was routine, but insider selling can still be viewed cautiously by investors. Eric Robert Kelleher insider sale details

Okta Company Profile

(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.