Okta (NASDAQ:OKTA) Reaches New 52-Week High – Should You Buy?

Posted by Brenda Bartman on Jul 3rd, 2026

Okta, Inc. (NASDAQ:OKTA – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $142.94 and last traded at $141.4850, with a volume of 2269909 shares changing hands. The stock had previously closed at $136.45.

Analysts Set New Price Targets

Several equities analysts have issued reports on OKTA shares. Oppenheimer boosted their price objective on shares of Okta from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Scotiabank lifted their target price on shares of Okta from $105.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday. Wall Street Zen lowered shares of Okta from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Stephens cut their price target on shares of Okta from $120.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Finally, Susquehanna increased their price target on shares of Okta from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

View Our Latest Research Report on Okta

Okta Price Performance

The company has a market cap of $24.58 billion, a price-to-earnings ratio of 102.48, a P/E/G ratio of 5.05 and a beta of 0.77. The business has a fifty day simple moving average of $102.98 and a 200 day simple moving average of $89.65.

Okta (NASDAQ:OKTA – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The business had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $751.84 million. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter 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. Equities analysts anticipate that Okta, Inc. will post 1.75 EPS for the current fiscal year.

Insider Activity at Okta

In other news, Director Shellye L. Archambeau sold 2,500 shares of the business’s 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 $781,320. The trade was a 21.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Schellhase purchased 3,712 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $267,412.48. Following the acquisition, the director owned 3,712 shares in the company, valued at approximately $267,412.48. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 111,665 shares of company stock valued at $12,935,522 in the last ninety days. Company insiders own 4.61% of the company’s stock.

Hedge Funds Weigh In On Okta

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its position in Okta by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock worth $40,241,000 after acquiring an additional 161,069 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Okta during the 4th quarter worth approximately $3,122,000. Swedbank AB raised its position in shares of Okta by 124.3% during the 4th quarter. Swedbank AB now owns 1,819,081 shares of the company’s stock worth $157,296,000 after purchasing an additional 1,007,915 shares during the last quarter. Congress Asset Management Co. lifted its stake in Okta by 23.0% in the 4th quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock valued at $8,480,000 after buying an additional 18,325 shares in the last quarter. Finally, Torque Asset Management LLC lifted its stake in Okta by 40.5% in the 4th quarter. Torque Asset Management LLC now owns 289,141 shares of the company’s stock valued at $25,002,000 after buying an additional 83,337 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

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.