Okta (NASDAQ:OKTA – Free Report) had its target price increased by Needham & Company LLC from $200.00 to $230.00 in a report published on Monday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.
OKTA has been the topic of a number of other reports. Oppenheimer increased their price objective on shares of Okta from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Capital One Financial set a $171.00 price objective on shares of Okta and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Truist Financial restated a “buy” rating and set a $200.00 target price (up from $165.00) on shares of Okta in a report on Thursday, August 27th. Cantor Fitzgerald increased their target price on Okta from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Mizuho lifted their price target on Okta from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.
View Our Latest Analysis on OKTA
Okta Price Performance
Okta (NASDAQ:OKTA – Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.09. The company had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Sell-side analysts anticipate that Okta will post 1.92 EPS for the current fiscal year.
Insider Activity
In related news, CFO Brett Tighe sold 41,251 shares of Okta stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total value of $6,700,812.44. Following the completion of the sale, the chief financial officer directly owned 7,693 shares in the company, valued at $1,249,650.92. This trade represents a 84.28% decrease in their position. The transaction was disclosed in a document filed 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, CEO Todd McKinnon sold 68,936 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the sale, the chief executive officer directly owned 38,484 shares in the company, valued at approximately $5,642,524.08. This represents a 64.17% 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 have sold a total of 157,880 shares of company stock worth $24,588,427 over the last 90 days. 4.61% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Okta
A number of large investors have recently made changes to their positions in OKTA. QRG Capital Management Inc. purchased a new stake in shares of Okta during the second quarter valued at $1,025,000. Andra AP fonden purchased a new position in Okta in the 2nd quarter worth $961,000. Junto Capital Management LP acquired a new stake in Okta during the 2nd quarter worth about $45,486,000. National Pension Service lifted its position in Okta by 23.2% during the 2nd quarter. National Pension Service now owns 43,893 shares of the company’s stock worth $5,989,000 after acquiring an additional 8,257 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Okta by 521.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,828 shares of the company’s stock valued at $386,000 after purchasing an additional 2,373 shares during the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.
Okta News Summary
Here are the key news stories impacting Okta this week:
- Positive Sentiment: AI-agent security is the main catalyst. At Oktane 2026, Okta introduced tools for managing the full AI-agent lifecycle, including an agent runtime gateway and an “AI kill switch.” The products are designed to control agent identity, permissions and activity, positioning Okta to participate in a potentially significant new cybersecurity market. Okta debuts agentic lifecycle management tools
- Positive Sentiment: Partnerships strengthen Okta’s platform strategy. Okta announced the Blueprint Alliance with AWS and CrowdStrike to develop a shared architecture for securing AI agents. Aembit also added support for Okta’s Cross App Access protocol, potentially expanding adoption of Okta’s identity controls across enterprise applications and AI workflows. Okta adds AI agent gateway and Blueprint Alliance
- Positive Sentiment: Analyst optimism is increasing. D.A. Davidson reaffirmed a Buy rating and raised its price target to $235, citing momentum in identity governance and AI agents. Recent target increases from Needham, Baird and Scotiabank have further reinforced the bullish narrative. D.A. Davidson raises Okta price target
- Neutral Sentiment: Management is seeking to balance innovation and security. CEO Todd McKinnon’s Oktane and CNBC appearances emphasized the need to let companies deploy AI agents while maintaining identity, access and governance controls. The strategy is promising, but investors still need evidence of customer adoption and material revenue contribution. CNBC interview with Okta CEO Todd McKinnon
- Negative Sentiment: Valuation and insider selling create risks. After its advance, OKTA trades at a high earnings multiple, leaving the stock vulnerable if AI monetization disappoints. Insider Eric Kelleher sold 6,395 shares worth about $1.17 million under a pre-arranged Rule 10b5-1 plan; the scheduled nature limits its significance, but it may still weigh on sentiment.
About Okta
Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.
The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.
Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.
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