Brokerages Set Okta, Inc. (NASDAQ:OKTA) Target Price at $120.42

Posted by Stanley Muller on Jul 23rd, 2026

Okta, Inc. (NASDAQ:OKTA – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the forty-four ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $121.8056.

OKTA has been the topic of several research reports. HSBC lowered Okta from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Jefferies Financial Group upgraded Okta from a “buy” rating to a “buy” rating in a research report on Monday, July 6th. Weiss Ratings raised Okta from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Evercore began coverage on shares of Okta in a research note on Monday, July 6th. They set an “outperform” rating on the stock. Finally, Morgan Stanley began coverage on shares of Okta in a research note on Monday, July 6th. They issued a “neutral” rating for the company.

Check Out Our Latest Research Report on OKTA

Insiders Place Their Bets

In other Okta news, CFO Brett Tighe sold 65,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $117.25, for a total transaction of $7,621,250.00. Following the completion of the transaction, the chief financial officer owned 119,680 shares in the company, valued at $14,032,480. This trade represents a 35.20% decrease in their ownership of the stock. The sale 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, 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 value of $212,500.00. Following the completion of the sale, the director owned 9,192 shares in the company, valued at approximately $781,320. This represents a 21.38% 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 174,224 shares of company stock valued at $22,534,353 over the last 90 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 modified their holdings of the stock. Elevation Wealth Partners LLC grew its position in Okta by 825.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after acquiring an additional 264 shares during the period. SHP Wealth Management bought a new position in shares of Okta during the fourth quarter valued at $27,000. Torren Management LLC acquired a new stake in shares of Okta in the 4th quarter valued at $32,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Okta by 279.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock worth $40,000 after purchasing an additional 218 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of Okta by 30.8% during the 4th quarter. Spire Wealth Management now owns 505 shares of the company’s stock worth $44,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Okta Price Performance

NASDAQ:OKTA opened at $136.69 on Friday. Okta has a one year low of $62.66 and a one year high of $157.00. The company has a fifty day moving average price of $121.98 and a 200 day moving average price of $95.28. The stock has a market cap of $23.76 billion, a P/E ratio of 99.05, a PEG ratio of 5.10 and a beta of 0.77.

Okta (NASDAQ:OKTA – Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $765.00 million for the quarter, compared to analyst estimates of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $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. As a group, equities research analysts anticipate that Okta will post 1.75 EPS for the current year.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Okta is being highlighted by multiple outlets as a strong momentum stock, suggesting investor interest remains high despite the pullback. Article Title
Positive Sentiment: Analysts continue to point to Okta as a beneficiary of rising enterprise AI adoption, which is supporting demand for cybersecurity, identity protection, and zero-trust tools. Article Title
Positive Sentiment: Recent commentary around the AI era of cybersecurity, including the OpenAI hack discussion, reinforces the broader theme that spending on security may rise alongside AI investment. Article Title
Neutral Sentiment: Okta remains one of the more widely watched stocks on Zacks, and that attention may help keep trading volume and volatility elevated. Article Title
Negative Sentiment: The recent drop appears tied to no fresh negative company announcement, making the move more consistent with a post-rally cooling-off period and broader software-sector caution. Article Title
Negative Sentiment: Some market participants are also worried that enterprise tech budgets could shift toward AI infrastructure, which may weigh on software spending expectations across the sector. Article Title

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.